August 17, 2022

Cross-chain exchange ChainSwap connects to Solana-based AMM and liquidity supplier Raydium

1 min read

CryptoNinjas” Cross-chain exchange ChainSwap links to Solana-based AMM and liquidity company Raydium

ChainSwap, a cross-chain possession bridge & & application center for clever chains, today revealed a brand-new collaboration with Raydium, the leading Solana blockchain-based automatic market maker (AMM) and liquidity company. The collaboration will connect applications for Raydium with EVM chains for ChainSwap, in addition to drive Solana to EVM-compatible chains traffic.

Unlike other automated market makers, Raydium supplies liquidity to Serum’s central limitation order book (non-custodial DEX that’s built on Solana). This suggests that the platform’s users and liquidity swimming pools have access to the order flow and liquidity of the whole Serum ecosystem, and vice versa.

Constructed on the Solana blockchain, Raydium makes it possible for considerably quicker transactions and lower charges. Raydium provides DeFi and AMM jobs a path for bridging platforms and liquidity. On top of that, ChainSwap is presently in the progress of building a Solana-to-EVM bridge and will make it possible for liquidity development on Raydium.

On the native ChainSwap exchange, the Governance Token (TOKEN) assists in platform operation, energy capture, and worth awareness. TOKEN has no monetary value. TOKEN includes economic and game theoretical designs to increase platform utility. Even more, ChainSwap prepares to present a series of new apps on an intermediate chain powered by TOKEN.

ChainSwap facilitates cross-chain possession exchange CryptoNinjas” Cross-chain exchange ChainSwap connects to Solana-based AMM and liquidity provider Raydium