RocketX, a multichain centralized and decentralized exchange (DEX) aggregator that allows users to trade multiple assets, is integrating Hedera, per a press release shared with crypto.news on Aug. 10.
RocketX integrates Hedera
Incorporating the RocketX infrastructure aims to enhance Hedera’s interoperability in decentralized finance (defi). This development will also likely make Hedera interact with other networks and blockchains more seamlessly.
RocketX is a platform that facilitates the trading of numerous assets from multiple networks via a single user interface and API.
As of Aug. 10, RocketX aggregates more than 300 centralized and decentralized exchanges, providing access to a liquidity pool worth over $100 billion.
The integration of RocketX with Hedera, therefore, is a significant development that makes crypto more fluid, dismantling the current “blockchain-silo” nature of operations, enhancing interoperability.
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With RocketX, crypto investors have a comprehensive tool that empowers them to trade any token across a wide range of blockchains with minimal slippage and optimal pricing.
Additionally, the integration is a strategic development for Hedera. It is renowned for its global community and governance council comprising industry-leading organizations.
By improving interoperability and easing user onboarding, Hedera becomes accessible to millions of users across the globe, broadening its user base.
Improved interoperability and adoption
The integration aims to interconnect blockchains such as Bitcoin, Ethereum, Cosmos, Solana, and Fantom.
It would allow users to move assets to and from Hedera seamlessly, promote self-custody by removing centralized and decentralized exchanges as intermediaries, and improve platform trading volumes and defi interactions.
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