Blockchain startup incubator, Draper Goren Holm, launched what information technology claims to be the first crypto decentralized exchange, or DEX, plugin for leading website backend software, WordPress.

According to an April 22 announcement, the plugin is "the easiest mode for anyone, non just engineers, to launch their own cryptocurrency exchange." Venture capitalist Tim Draper commented:

"Everyone, non but engineers, tin can now launch their own crypto exchanges on WordPress using the plugin our team congenital."

With the plugin, websites can now feature an on-site DEX that allows users to exchange between a long listing of cryptocurrencies, tokens, and stablecoins. At the same time, the website possessor can likewise earn fees for the service.

A DeFi aggregation service

The plugin'southward backend uses the application programming interface, or API, of decentralized finance, or DeFi, aggregator, Totle. By using this service's API, the plugin searches for the all-time exchange prices in the DeFi ecosystem, and chooses appropriately which one to use. Draper Goren Holm founding partner, Alon Goren, explained that wordpress was chosen because of its overwhelming popularity:

"WordPress powers 35% of the web and is undeniably the easiest, most customizable solution for anyone to power their websites."

The DeFi space is seeing notable developments at an increasing rate. The CEO of blockchain firm, Trustology, recently said that he believes DeFi protocols could soon emerge as the world'southward dominant liquidity pool if scaled finer.