Dex223 Development Report October-November 2025

ERC-223 Context

Dex223 is a decentralized exchange built to support the ERC-223 token standard. ERC-223 was introduced as a response to a known security issue in the ERC-20 standard, which has resulted in significant losses on Ethereum over multiple years, including over $100 million in 2023 alone.

The purpose of this report is to document the state of development and related activities during the reporting period.

Core Platform Status

During October and November 2025, the Dex223 core platform reached a state considered production-ready from a technical perspective.

At this stage, operational readiness and liquidity conditions were identified as the primary external factors affecting deployment timing.

Cross-Chain Airdrops Infrastructure

As part of the multi-chain deployment work completed during this period, a dedicated airdrops page was released at https://www.dex223.io/airdrops.

The airdrop mechanism is based on balance snapshots taken on the Ethereum chain. When Dex223 is deployed on an additional EVM-compatible chain, addresses holding D223 tokens at the snapshot date receive an equivalent amount of D223 tokens on that chain. After distribution, each D223 token instance operates independently on its respective network and governs fee distribution locally. Transfers between chains are not supported.

The airdrops page serves as a centralized reference point for airdrop-related information, including dates and snapshot history. Snapshot data and tooling have been published publicly for transparency at
 https://github.com/EthereumCommonwealth/Dex223-crosschain-utilities

UI templates related to the airdrops interface were also completed and published during this period.

Referral System Interface Work

During the reporting period, interface designs for a referral system were produced. While the system itself remained under development, UI templates and user flows were finalized and documented.

These materials were made publicly available for review and future reference.

Margin Module Implementation

The reference implementation of the Dex223 margin module was completed during October and November 2025.

During this phase, limitations were identified in the price oracles sourcing data from Dex223 liquidity pools. These limitations relate primarily to precision and consistency rather than availability.

Multiple independent price sources were identified as a possible architectural direction, and technical investigation into oracle aggregation mechanisms was initiated during this period.

Price Feed Aggregation Research

Technical research was conducted into a relaying price-feed smart contract capable of aggregating data from multiple oracle sources into a weighted price feed. Such a feed could be used as a mark price for liquidation logic.

This investigation highlighted that the effectiveness of this approach is closely tied to overall pool liquidity, which remains a constraining factor.

Liquidity Assessment

Internal data analysis during this period indicated that the existing community size and organic liquidity were not sufficient to ensure stable market conditions at launch.

As a result, liquidity availability was identified as the dominant external dependency affecting deployment readiness. No public launch announcement was made during the reporting period for this reason.

Discussions took place with founding teams of several Layer 2 networks and other EVM-compatible chains regarding deployment conditions, liquidity considerations, and coordination with ecosystem participants.

Devconnect Participation

Dex223 and ERC-223 contributors participated in Devconnect in Buenos Aires. Presentations and discussions during the event focused on token standards and security challenges within the Ethereum ecosystem.

A central topic was the ERC-20 vulnerability, which has been publicly documented for approximately eight years, is technically solvable, and has resulted in continued losses, including approximately $20 million during 2025 alone.

Participation in Devconnect served three primary purposes: educating ecosystem participants about the ERC-20 security issue and the ERC-223 standard, establishing contacts with founding teams of EVM-compatible chains and Layer 2 networks, and engaging with investors, market makers, and liquidity providers.

The event resulted in multiple new contacts with development teams and investors from various projects, establishing channels for further discussion beyond the reporting period.

Special thanks to @darviridis (https://github.com/Darviridis) for contributing to ERC-223 presentations at Devconnect side events and supporting networking efforts.

Private Investment Round (Context)

During October and November 2025, preparation work continued for a private D223 token sales round intended as a replacement for a previously canceled auction round. No public sale took place during the reporting period.

The stated purpose of the round is to fund early-stage deployment requirements, particularly liquidity provisioning in initial pools. Further details were not finalized within the reporting window.

For reference, inquiries are directed to
invest@dex223.io

Buy D223 Tokens with Bitmart

Source

https://gist.github.com/Dexaran/73e95e9dc36134879345ff7e2837bae2

 - - -

This article was written with the assistance of AI to gather information from multiple reputable sources. The content has been reviewed and edited by our editorial team to ensure accuracy and coherence. The views expressed are those of the author and do not necessarily reflect the views of Dex223. This article is for informational purposes only and does not constitute financial advice. Investing involves risk, and you should consult a qualified financial advisor before making any investment decisions.

https://api.dex223.io/v1/core/admin/login/