What is a Cross-Chain Protocol in 2022?

Source : zycrypto.com

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Cross-chain protocols are possibly the most innovative approach to crypto trading. This method does not require having an account on any centralized exchange and is done entirely utilizing the user’s own wallet. Cross-Chain Protocols enable trading between several unique blockchains in one click, without any KYC needed.

Demand for Cross-Chain is getting higher, and so is the supply. Various platforms are trying to come up with the ultimate solution, leading to the constant development of Cross-Chain. Consequently, new and updated options of Cross-Chain Protocols are appearing on the market on a regular basis.

One of the most complete and coherent versions of the Cross-Chain solution is the Multi-Chain Swap Protocol. It’s like the Cross-Chain of the future, with a faster and easier solution, provided by numerous connected DEXs.

One of the fastest-growing players in this Multi-Chain field is Rubic. Rubic is the Multi-Chain Swap Protocol with 8 connected blockchains: Ethereum, BSC, Polygon, Moonriver, Fantom, Avalanche, Harmony, and Solana. There are more than 10,500 assets to swap between all these networks, in a single click; like $LINK to $CAKE or $JOE to $SOL.

Rubic’s team is always working on developing their solution, and their recent update included the integration of new DEX providers to Rubic’s Multi-Chain Routing contracts. New DEXs will allow Multi-Chain Routing to give the best rates on the tokens users want to buy. This update already includes the following DEXs, and new DEXs are highlighted in bold:

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Ethereum — Uniswap v.2; SushiSwap

BSC — PancakeSwap; SushiSwap

Polygon — QuickSwap; SushiSwap

Avalanche — Pangolin, Trader Joe, SushiSwap

Moonriver — Solarbeam, SushiSwap

Fantom — SpookySwap; SpiritSwap, SushiSwap

Harmony SushiSwap; ViperSwap

As you know: more DEXs, more benefits! And the first is faster swaps, because of fewer transaction operations and without any KYC needed. The second benefit is cheaper fees; fewer numbers of transactions lead to a decrease in transaction fees as well. 

With this being said, Multi-Chain ends up being a better version of Cross-Chain Protocols, with much faster swaps and lower rates. 

If you want to experience a superior, one-click Multi-Chain experience check out Rubic’s Multi-Chain Protocol!

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