ChainSwap, a cross-chain asset bridge & utility hub for good chains, in the present day introduced a brand new partnership with Raydium, the main Solana blockchain-based automated market maker (AMM) and liquidity supplier. The collaboration will join functions for Raydium with EVM chains for ChainSwap, in addition to drive Solana to EVM-compatible chains visitors.
Not like different automated market makers, Raydium gives liquidity to Serum’s central restrict order guide (non-custodial DEX that’s constructed on Solana). Which means the platform’s customers and liquidity swimming pools have entry to the order movement and liquidity of the whole Serum ecosystem, and vice versa.
Constructed on the Solana blockchain, Raydium permits considerably quicker transactions and decrease charges. Raydium affords DeFi and AMM initiatives a path for bridging platforms and liquidity. On high of that, ChainSwap is at present within the progress of constructing a Solana-to-EVM bridge and can allow liquidity creation on Raydium.
On the native ChainSwap change, the ChainSwap.com Governance Token (TOKEN) facilitates platform operation, utility seize, and worth realization. TOKEN has no financial worth. TOKEN incorporates financial and recreation theoretical designs to spice up platform utility. Additional, ChainSwap plans to introduce a sequence of latest apps on an intermediate chain powered by TOKEN.