How cross-chain liquidity aggregation can shape the future of DeFi
What will ease the burden of DeFi users and remove some of the barriers to entry for newer market participants? This project sees the future of DeFi as multichain co-existence. As decentralized exchanges now represent a significant amount of crypto trading volume, it is vivid that these platforms will play a big role in the smart economy of the future.Automated market makers, in particular, changed the game by eliminating the need for order books entirely and replacing them with liquidity pools. This model was a win-win for both traders executing swaps and liquidity providers incentivized....
Related News
Swing, a blockchain startup that enables cross-chain liquidity and liquidity aggregation across blockchains, announced that it has raised USD 6 Million in a strategic funding round from leading investors in the blockchain ecosystem. Housing several trading, lending, and borrowing protocols, the Ethereum ecosystem dominates the decentralized financial (DeFi) area. This has reverberated across the network, pushing Ethereum to its limits but also speeding up the pace of invention and experimentation. Swing leverages layer 1 and layer 2 solutions like Polygon, Binance Smart Chain, Avalanche,....
As the crypto industry continues to evolve, the DeFi revolution has caught everyone’s attention due to its potential to offer to empower financial instruments for all. O3 Swap, the latest project by one of the popular crypto wallet solutions providers O3 Labs takes DeFi to the next level with its cross-chain aggregation protocol. So, What’s […]
The cross-chain liquidity protocol has put special focus on user experience with a simple user interface without them having to deal with complex virtual networks. At a time when the decentralized finance (DeFi) protocols have seen a significant outflow of funds from the market, maintaining liquidity has become even more challenging. Liquidity plays a central role in the DeFi ecosystem, and many protocols over time have come up with various new solutions to keep liquidity pools brimming. The latest trend in the liquidity market is focused on cross-chain solutions.Many experts believe....
Built as a proprietary cross-chain aggregation protocol, 03 Swap aims to deliver access to crypto-financial services. Its development was undertaken by the Tokyo-based O3 Labs. The protocol allows users to leverage the cross-chain “swap” feature to exchange several digital assets with the O3 Wallet. O3 Labs gave priority to provide a protocol with a high […]
Following the aftermath of the Terra blockchain fiasco, decentralized finance (defi) continues to feel the impact of the project’s fallout. During the last four days the total value locked (TVL) in defi has dropped 2.61% in value, and cross-chain bridges have lost roughly 20.3% during the last 30 days.
Value Locked in Cross Chain Bridge Tech Slips 20% Lower Than Last Month
Over $100 billion in USD value was recently removed from the total value locked (TVL) in defi and TVL statistics continue to slide. Four days ago, the TVL in defi was approximately $112.29 billion and....