By instantly integrating Solana, Hashflow 2.0 turns into the primary DEX to supply cross-chain buying and selling between Ethereum and Solana.
Decentralized alternate Hashflow is out with its 2.0 iteration and should have added some enhancements to its platform. First, the December 5 launch contains help for Solana, which is arguably one of many quickest and most scalable blockchains. It additionally options DEX aggregation companies, albeit for the primary time on its platform. That’s, merchants now have entry to one of the best costs and liquidity throughout a number of DEXs, and may due to this fact take advantage of knowledgeable selection for his or her trades.
Particulars of the brand new options of Hashflow 2.0
Hashflow goals to leverage its distinctive Request-for-Quote (RFQ) expertise to supply consumer order move to market makers. Not like the automated market makers (AMMs) with a hard and fast components and excessive slip and fuel charges, the RFQ fetches quotes from market makers who handle the liquidity swimming pools on the platform. This enables the platform to supply cheaper buying and selling with quick execution, Hashflow stated.
Then there’s the brand new Sensible Order Routing (SOR) characteristic. Hashflow 2.0 can pull quotes from third-party DEXs comparable to Uniswap, Curve, Sushi, and Balancer. So, merchants will invariably be capable to execute seamless trades utilizing the most suitable choice accessible. That is as a result of they’ve entry to over $8 billion in liquidity and one of the best charges present in decentralized buying and selling.
The excessive efficiency of the Solana blockchain is one thing else that Hashflow needs to reap the benefits of. Contemplate that the blockchain processes roughly 50,000 transactions per second and costs considerably low charges. By instantly integrating Solana, Hashflow 2.0 turns into the primary DEX to supply cross-chain buying and selling between Ethereum and Solana. And that can occur with out the necessity for an exterior bridge or middleman. Which means that customers can simply alternate their main property, comparable to BTC, ETH, USDC and USDT, between the 2 chains.
Talking of the Hashflow 2.0 replace, Varun Kumar, co-founder and CEO of Hashflow, believes it marks a serious turning level for the platform. Furthermore, he additionally believes that this marks an essential milestone for the complete decentralized finance (DeFi) ecosystem.
The rollout of Hashflow 2.0 will happen in phases. For now, it has gone stay on the Ethereum mainnet and the choice Layer 1s BNB Chain and Avalanche. The rollout to Solana and Ethereum Layer 2s Arbitrum, Optimism and Polygon can be anticipated to comply with quickly.
Since its launch in April 2021, Hashflow has dealt with transactions price greater than $17.6 billion, amassing greater than 80,000 customers. The platform goals to turn into a number one DEX, particularly for merchants thinking about pace, effectivity and safety.