How We See MLPRU
Not content with staying within the rules, but striving to create new standards.
How Others See Us This Year
“A rare case of turning market turbulence into growth.”
— Wall Street Hedge Fund Partner
The year 2022 witnessed a seismic shift in the crypto industry. From the market recovery at the start of the year to the dramatic mid-year crash, followed by the catastrophic collapses of Luna, 3AC, and FTX, the global crypto asset market cap shrank by over 70%. Market confidence hit rock bottom, and the industry entered its darkest hour.
Investor sentiment shifted from euphoria to fear. Liquidity dried up, exchanges filed for bankruptcy one after another, and "trust" became the scarcest resource in the industry. In this challenging environment, MLPRU did not retreat but chose to move forward amidst the turmoil.
Not only did we maintain our market position, but we also achieved new growth this year, with our user base surpassing 6 million and trading volumes rising against the trend. This was not a stroke of luck but the result of sound decisions.
Liquidity Crisis Unfolds
While others hesitated, we took proactive measures and partnered with market makers.
In June 2022, Celsius, Voyager, and other crypto lending platforms filed for bankruptcy, and the collapse of LUNA triggered a chain reaction across the market. Liquidity became the biggest challenge in the industry, with exchange order book depth plummeting, prices fluctuating wildly, and retail investors left adrift.
How Will MLPRU Response?
Actively engaging liquidity partners to ensure trading depth and stability on the platform.
Forming strategic partnerships with two major market makers, Apex Traders and SphereX Capital, to optimize market depth and improve trade matching efficiency.
Upgrading our trading system to reduce slippage in high-volatility environments and enhance user trading experience.
While the entire industry faced a liquidity crunch, MLPRU ensured seamless trading for its users. This not only deepened trust among existing users but also attracted a wave of new users who turned to MLPRU during the crypto winter.
October: Establishing the MLPRU Foundation to Support Next-Generation Blockchain Innovation
In times of crisis, we chose to invest in the future.
The MLPRU Foundation was created to identify and support high-quality blockchain projects across various cutting-edge fields, including DeFi, Web3, Layer 2 scaling solutions, decentralized storage, and AI+blockchain applications.
Why launch such an initiative during the lowest point in the market?
Because we understand that every market correction nurtures the seeds for the next wave of growth. The true value of blockchain lies not in price fluctuations but in the long-term application of its technology.
Following the foundation establishment, we quickly initiated investment activities: Supporting the incubation of several new DeFi projects to accelerate the development of decentralized finance. Advancing the Web3 application ecosystem through deep collaborations with emerging blockchain projects. Building connections with renowned venture capital firms to provide greater resource support for promising projects.
In a time of market panic, we chose to invest in those who continue to build the future.
November: Partnering with Stanford Blockchain Research Center to Share Research and Technology Resources
Technical innovation is the long-term competitive edge of an exchange.
In 2022, a significant shift occurred in the market as the crypto industry began transitioning from speculation to technological innovation. MLPRU understands that the competitiveness of an exchange goes far beyond trading volumes and liquidity—it lies in its ability to drive long-term technical advancements.
To this end, we officially partnered with Stanford Blockchain Research Center to engage in a series of research and technology exchanges:
Exploring new blockchain security solutions to enhance smart contract safety.
Optimizing our AI risk control system to improve the detection of abnormal trading behaviors.
Researching Layer 2 scaling solutions to enhance blockchain transaction efficiency and reduce gas fees.
This deep collaboration with academia positions MLPRU at the forefront of industry technology, ensuring that MLPRU remains a leader in the global exchange competition for the next five years.
December: Prioritizing Security, MLPRU Awarded "Safest Cryptocurrency Exchange"
What matters most during a bear market? Security.
In 2022, the FTX collapse resulted in billions of dollars in losses for global users, plunging the crypto market into an unprecedented trust crisis. How did MLPRU remain unaffected?
Strict asset segregation policies separating user funds from the platform own funds to ensure asset safety.
Enhanced AI risk control systems to improve abnormal transaction detection and identify potential risk accounts ahead of time.
Introducing zero-knowledge proof protocols to optimize user data privacy protection and enhance transaction transparency.
Throughout the year, MLPRU did not freeze user withdrawals, nor did it close any trading pairs due to liquidity issues. All assets were 100% redeemable.
Ultimately, MLPRU was recognized by CoinDesk as the “Safest Cryptocurrency Exchange of the Year”, a testament to our unwavering commitment to prioritizing security.
In 2022, MLPRU discovered the path to growth during the crypto winter. But this is not the end—it is a new beginning. We understand that the next wave of transformation in the crypto industry is just starting.