A cross-chain aggregator aims to provide seamless execution of native cross-chain swaps. (Sponsored)
The success of the Ethereum network has been both a major step forward for DeFi and one backward for scalability.
Now, widespread usage of decentralized apps is growing with the hype of NFTs and the metaverse, resulting in a significant number of transactions and, therefore, increased processing times. Ethereum's struggle with scalability and high fees has led to tremendous growth in DApps, users and capital on alternate chains. Right now, according to on-chain analytics, alternate chains make up more than 45.2% of the total on-chain value.
Forging the path forward is a number of solutions, varying from new networks to Ethereum bridges. While bridges such as AllBridge, AnySwap and Ronin Bridge are often positioned as a solution to move assets to alternate chains, at present, they come with significant complexity. Users have to deal with the inefficient process of wrapping and unwrapping tokens and sourcing for liquidity. This has become a pain point for both experienced and inexperienced users..
However, the platform has a lot more in the works, as indicated by Ahmed Salam, the founder of Atlas DEX, who shares, “These innovations do not end with our cross-chain DEX aggregator. The Atlas DEX team has begun developments on new product innovations to bring greater value to the decentralized finance space and the Atlas DEX community.” These efforts have become evident in the team’s latestAtlas DEX has recently launched v2.
With Atlas DEX, users are now able to make cross-chain swaps to and from networks, including Ethereum (
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