BYDFi & Safeheron Team Up to Revolutionize Meme Coin Trading

BYDFi, a prominent crypto exchange, has announced its collaboration with Safeheron to launch MoonX, a Web3 on-chain trading platform tailored for meme traders. MoonX aims to provide a fast, secure, and intuitive trading experience, integrating core security technologies from Safeheron, such as Secure Multi-Party Computation (MPC) and Trusted Execution Environment (TEE), to build an industry-leading key management system.

The surge in meme coin trading has led to a significant increase in on-chain transaction volume, with transaction fees from meme coin trading on the Solana blockchain ecosystem alone exceeding $3.093 billion in 2024. However, this growth has also highlighted security concerns, as evidenced by the November 16, 2024, hack of the decentralized exchange (DEX) DEXX, which resulted in the theft of users' private keys and a loss of $20 million in assets.

BYDFi's partnership with Safeheron is intended to fully upgrade on-chain trading security. The collaboration brings advanced security features to MoonX, built on decentralized trust models. Safeheron's use of MPC and TEE technologies aims to enhance key management and transaction signature protection for MoonX, addressing key vulnerabilities in Web3 environments.

MoonX is purpose-built for Degen traders, who thrive on high-risk, high-reward trades. The platform enables on-chain trading of assets across major blockchains, including Solana, Ethereum, Base, and BNB Chain, supporting over 500,000 token pairs. It offers specialized, professional-grade trading features such as take profit and stop loss tools, smart money and signal copy trading, limit orders, and profit optimization strategies.

Michael, Co-Founder of BYDFi, stated, "MOONX is more than just a trading tool—it represents BYDFi’s vision and commitment to the future of Web3. By integrating Safeheron’s cutting-edge security technology, we aim to deliver the safest and most efficient Meme Coin trading environment, eliminating security risks in Web3 trading entirely."

MoonX is currently in the final stages of development and will soon be launched. Updates will be available through BYDFi’s official channels.