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Since decentralized exchanges now represent a large amount of encrypted trading volume, it is obvious that these platforms will play an important role in the future smart economy.
In particular, automated market makers have changed the rules of the game by completely eliminating the need for order books and replacing them with liquidity pools. This model is a win-win situation for traders who perform swap transactions and liquidity providers who are incentivized to provide tokens and earn fees from traders.
Even the sporadic liquidity problems on DEX caused by the sometimes decentralized market have been solved by the emergence of DEX aggregators-these platforms basically aggregate decentralized liquidity into one platform.
However, in most cases, these DEX aggregators are limited to connecting to the liquidity pool on Ethereum. This obviously limits the level of multi-chain accessibility that is actually possible when trading on DEX. In addition, as far as the current situation is concerned, the trading volume of DEX is still dwarfed by most centralized exchanges.
Although Ethereum may be the most famous network in the industry, it is not for everyone. It is no secret that network congestion and lack of scalability have caused high transaction fees on Ethereum.
Traders have considered layer 2 solutions and side chains (such as Binance Smart Chain, HECO, and Polygon) as alternatives, but the trading barriers between them still greatly limit their options.
In some cases, the complexity of the actual execution of transactions and these liquidity issues have prompted DeFi traders to return to centralized exchanges.
Obviously, interoperability between blockchains is an hour’s need. The cross-chain liquidity aggregator solves these problems common to decentralized exchanges by aggregating various sources of liquidity from cross-chain DEX and its own cross-chain pool.
O3 exchange It is such a cross-chain DEX aggregator, dedicated to expanding the available token market, increasing liquidity and transaction volume, and simplifying cross-chain transactions for users everywhere.
O3 Swap describes itself as the first cross-chain aggregation protocol, through the deployment of “aggregator + asset cross-chain pool” on different public chains and the second layer grants users the right to access cross-chain transactions, realizing inter-heterogeneous chains Free trading of native assets. Click.
The project sees the future of DeFi as multi-chain coexistence. Currently supports Ethereum, BSC, HECO, Polygon, NEO cross-chain transactions and four cross-chain mining pools: USD mining pool (ERC20-BEP20-HRC20), ETH mining pool (ERC20-BEP20-HRC20), BTC mining pool (ERC20) -BEP20-HRC20) and USDC mining pool (ERC20-BEP20-Polygon).
By using a special algorithm, the cross-chain DEX aggregator determines the best route to complete transaction orders in the blockchain ecosystem. This important feature will not only reduce the burden on existing DeFi users, but will also remove barriers to entry for some new market participants.
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