ALEX Lab Price

ALEX is a DeFi protocol built for Bitcoin and BRC-20 tokens. It aims to eliminate the barriers between Bitcoin layer 1 and layer 2, creating a seamless Bitcoin DeFi experience. ALEX introduces a more active and diversified DeFi activity through deep integration with Stacks (a Bitcoin layer 2 smart contract solution) and innovative concepts around automated market makers (AMM) and order books.

The main components of ALEX include:

1. Bitcoin Oracle: Serving as a tamper-proof, censorship-resistant indexing engine that combines on-chain and off-chain information to provide the most decentralised pricing index.
2. Bitcoin Bridge: Bringing BTC to its own L2, allowing BTC to interact with smart contracts.
3. Cross-Chain Bridge: Bridging between Bitcoin and Ethereum, bringing major cryptocurrencies from other chains (like ETH, USDT, etc.) onto the Bitcoin blockchain.
4. Order Book: Moving the order matching engine off-chain to ensure a fast, decentralised, and gas-free trading experience.
5. Launchpad: A platform providing launch tokens for vetted projects, with distribution through a lottery-based system.

ALEX is leading a new era in Bitcoin DeFi, shaping the future of digital assets on the Bitcoin blockchain. It provides users with a powerful platform to engage in decentralised finance, enabling the tokenisation of physical assets, and enhancing Bitcoin's functionality on the oldest and most well-known blockchain.