Dakai

Case Study

Cartesi

About Cartesi

Cartesi is the first block OS that enables “traditional” developers to build scalable, decentralized applications across multiple blockchains.

Dakai used Cartesi to build a groundbreaking, order book based decentralized exchange (DEX) that allowed users to trade coins without a centralized authority. Existing DEXs are based on liquidity providers like swap-based exchanges.

As a result, they both lacked market pricing and also passed on the high fees from the liquidity providers. The Cartesi-driven DEX, in contrast, enabled trades to happen more cheaply and efficiently at market prices.

The Situation

Cartesi Labs contracted Dakai to test out the Cartesi technology to build the very first proof of concepts (POC) and to push the possibilities of the OS. This was something that hadn’t been done before, but Dakai was up for the challenge.

Part of the project was providing detailed technical feedback on Cartesi. After several successful POCs, Dakai took on the project of building a DEX.

The Results

Dakai successfully tackled a complex and often difficult to use system to pioneer the first relational database on the blockchain.

The DEX built enabled safer, faster, and cheaper trades in a scalable manner. It also expanded the variety of coins available for trade. Thanks to Cartesi, the DEX boasted impressive processing power.

Without the need for a centralized, unregulated exchange or liquidity providers, investors sidestepped security issues and high fees. The decentralized nature of the exchange also preserved the principles and promise of blockchain technology.

The Technical Details

Performed System Research

Did extensive research into the Cartesi OS to discover its capabilities and potential

Built Decentralized Cryptocurrency Exchange

Built a fully featured DEX on top of custom order matching engine with browser wallet integration and support for multiple cryptocurrencies

Built Trading Platform

Created a stunning, feature-rich and intuitive user interface for web ensuring top-notch user experience for cryptocurrency trading

Measured System Performance

Performed load tests to measure the scalability of the Cartesi OS and provide feedback to the Cartesi Team for future improvements

Tech Stack Used

Python, Sqlite3, Typescript, NextJS

Client Testimonial

“They are the DEX experts.”

Joe Nance, Director at Cartesi Labs

Client Testimonial

“They are the DEX experts.”

Joe Nance, Director at Cartesi Labs

Client Testimonial

“They are the DEX experts.”

Joe Nance, Director at Cartesi Labs

Looking Ahead

Cartesi Lab’s cutting edge technology is pushing forward the development possibilities of blockchain applications. Current DEX interfaces aren’t suitable for serious traders. Dakai’s DEX provides the first pro interface for a decentralized exchange, creating one of the first mature UIs that attract institutional players.

The more collaborative nature of a Cartesi-driven DEX opens up exciting new possibilities to build better.