BYDFi & Safeheron Team Up to Revolutionize Meme Coin Trading with MoonX

BYDFi, a prominent crypto exchange, has partnered with Safeheron to launch MoonX, a cutting-edge 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, including Secure Multi-Party Computation (MPC) and Trusted Execution Environment (TEE).

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 DEXX hack in November 2024, which resulted in the theft of users' private keys and a loss of $20 million in assets.

BYDFi's collaboration with Safeheron is designed to enhance the security of MoonX, addressing key vulnerabilities in Web3 environments. The partnership includes MPC multi-party computation architecture, cross-device security experience, and advanced cryptographic protocols to reinforce the system's defense against potential attacks.

MoonX is purpose-built for Degen traders, offering on-chain trading of assets across major blockchains and supporting over 500,000 token pairs. The platform features specialized trading tools such as take profit & stop loss, smart money & signal copy trading, limit orders & one-click buy/sell, and profit optimization strategies to optimize the user experience.

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.