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DeFi

Hashflow Partners With Wormhole To Reduce Gas Fees When Swap Tokens

December 7, 2022 - Around 2 mins mins to read
To provide the finest cross-chain trading experience, Hashflow announced a strategic cooperation with Wormhole, the generic cross-chain communications protocol.
Hashflow Partners With Wormhole To Reduce Gas Fees When Swap Tokens

Users will be able to natively exchange any asset across any chain and receive precisely what they were promised while paying very little in gas fees as a result of the change.

Currently, the DEX platform allows swaps over six Layer 1 and Layer 2 chains. Ethereum, Avalanche, Optimism, and Arbitrum are among them. Following the Wormhole partnership, Hashflow’s supported networks are expected to grow, as the latter supports cross-chain swaps across 19 networks.

Hendrik Hofstadt, Wormhole contributor said:

“Hashflow’s unique request-for-quote model allows users to trade without slippage or MEV exploits that are common in AMM designs. We are humbled to support Hashflow as they extend their RFQ model to add interoperability and allow users to seamlessly swap assets across chains to inject value across the entire DeFi space.”

Hashflow Partners With Wormhole To Reduce Gas Fees When Swap Tokens

Hashflow is a decentralized exchange that focuses on interoperability, zero slippage, and deals that are MEV-protected. Users may trade any asset on any chain in seconds by just linking their wallet.

The DEX has cleared over $10 billion in total transaction volume since its debut in August 2021, with over 170,000 unique wallets trading on the platform, making it a top 10 DEX by volume with an average daily volume of $25-30 million. For additional information, go to the Hashflow website.

In July, it secured $25 million in a Series A fundraising round to develop structured products by the end of the year.

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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Harold

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.