THORSwap Launches Cross-chain Swap For Ethereum Tokens

THORSwap, the multi-chain DEX aggregator built on THORChain, has just launched cross-chain trading for the majority of Ethereum tokens.

In an August 23 announcement, THORSwap integrated the Ethereum Aggregator DEX into its platform. Cross-chain trading thousands of ERC-20 tokens on 8 layer-1 blockchains has never been simpler.

The addition of support for these assets combined with aggregated liquidity from DEXs like Uniswap and Sushiswap allows users to quickly swap crypto assets directly on THORSwap without the need for a third-party bridge.

Users get to choose which token they want to transfer and THORSwap is supporting Bitcoin, Ether, BNB, Dogecoin… The protocol currently holds about $361 million in total locked value (TVL).

Cross-chain swap allows users to swap tokens from one blockchain to another on another blockchain. This process can take place through a single protocol or multiple protocols (such as a combination of decentralized exchanges and blockchain bridges). In this case, THORSwap uses only THORChain for execution.

THORChain (RUNE) is a decentralized cross-chain protocol built on top of Tendermint and Cosmos-SDK, with the goal of increasing liquidity for crypto assets. Although the market in early 2022 is quite gloomy, TVL on THORChain is still growing rapidly.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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