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Komodo’s AtomicDEX Bridge Will Now Connect Cosmos to Hundreds of Blockchains

Crypto
2022/9/26

Komodo has actually incorporated Universe on AtomicDEX to link deep space neighborhood to different other blockchain networks. Komodo’s AtomicDEX is a noncustodial cross-chain, DEX, as well as budget plan technique that sustains UTXO and also EVM networks.

The mix will definitely offer the Cosmos atmosphere with a also permissionless and also safe and secure solution to trade countless blockchains including Bitcoin, Ethereum, Polygon, Avalanche, as well as also Optimism.

Komodo’s AtomicDEX leverages cross-chain P2P atomic swaps and also gets rid of the safety dangers related to central liquidity swimming pools, AMMs, and also challenging wise bargains. The existing design sustains 10,000 exchanges per min and also can boost if needed. The AtomicDEX P2P network enables consumers to hold both the indigenous ATOM token as well as its protected versions for cross-chain trading natively.

Kadan Stadelman, the CTO of Komodo, stated Cosmos has several of one of the most clever DeFi developers and also work, every one of whom share the concept that the future is multi-chain. No matter its growth, Cosmos has actually fallen short to supply sensible connection solutions to its people.

” While attempting to trade BTC with ATOM, the only choice was to utilize central exchanges, so it was a really all-natural fit as well as additionally a custom-made need to broaden interoperability in between much more chains as well as Cosmos. AtomicDEX deals with 99% of cryptocurrencies as well as likewise utilizes the very best assistance for cross-chain and also cross-protocol trading in the market.”

Since July 2022, Cosmos held 0.82% of the Total Guaranteed Value (TVL) in DeFi. The network hosts over 200 purpose-built dApps had by Cosmos and also is likewise regularly broadening. Universe has actually boosted some login solutions, they just sustain Ethereum as well as Cosmos based blockchains.

Stadelman believes there’s a lot of space for development, as modern technology is the key to Cosmos’ growth.

” We see that Cosmos will ultimately turn into one of the leading 3 tasks in crypto, so we’ll certainly be considering essential metrics like dApp variety, energetic users/addresses, and also energetic developers,” Kadelman claimed. “The capability to take on sovereign as well as linked blockchains with Cosmos is important to the advancement of the whole crypto neighborhood.”

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