Biconomy launches Forward Swap – a DEX that accepts gas fees in stablecoins
Decentralized technology is on a path of revolution — from traditional exchanges to decentralized exchanges, with the aim of facilitating a more convenient and secure trading space. Although the centralized exchanges conduct trade off-chain, it is necessary you know that despite the development occurring in the trading space, most of their existing challenges, especially the “high cost of transaction” are yet to be resolved. However, a new blockchain project ‘Biconomy’ is offering an attractive alternative […]
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Biconomy aims to enable blockchain developers to provide a simplified onboarding and transaction experience for users of Web 3.0 and blockchain projects
The funds will be used to develop a “multichain relayer network” that provides solutions to Web 3.0 development issues. Biconomy, a multi-chain infrastructure network for decentralized applications, has concluded a $9 million private funding round that was co-led by venture firms DACM and Mechanism Capital.Ahmed Al-Balaghi, CEO of Biconomy, said his protocol has been designed to address some of the biggest challenges with Web 3.0 transactions, such as gas fees, Ether-only payments and fragmented layer-2 solutions. He explained:“If we are able to solve even a fraction of those challenges,....
The Defi revolution has brought about a new world of opportunities for crypto investors, but major improvements are still needed in the current ecosystem. For example, the most popular coin swapping service today is dependent on ethererum and its ridiculously high gas prices. Nimera Swap offers a solution to this problem with a DeFi exchange platform that has lower network fees compared to ethereum-based solutions and also supports all kinds of tokens. DeFi Exchange Platform With Lower Fees Nimera Swap is a new service where you can easily exchange crypto assets or provide liquidity and....
PRESS RELEASE. EverRise launches their fifth decentralized application (dApp) today, EverSwap, a multi-chain decentralized exchange (DEX), with a Native Coin Swap feature powered by their cross-chain bridging dApp EverBridge. The Native Coin Swap (NCS) functionality lowers the barrier to entry for those interested in the multi-chain DeFi space by making the cross-chain experience accessible and seamless with fewer steps, fewer fees, and faster transfers.
With EverSwap’s Native Coin Swap, users will be able to swap native cryptocurrencies, starting with Ethereum (ETH /....
Kirobo–a blockchain technology company that aims to be the enabler of DeFi, granting people control over their cryptocurrencies–has launched a smart contracts-powered ‘P2P Swap Button’, per a press release on July 27. The P2P Swap Button The button allows for direct peer-to-peer swapping of tokens without the need for a middleman. Typically, the intermediary is an exchange or an external asset custodian. Furthermore, Kirobo has said that the P2P Swap Button allows users to set their preferred token prices avoiding slippage. Usually, cryptocurrency exchanges adjust token prices....