By straight integrating Solana, Hashflow 2.0 turns into the primary DEX to supply cross-chain buying and selling between Ethereum and Solana.
Decentralized change Hashflow is out with its 2.0 iteration, and should have added some developments to its platform. First off, the December 5 launch consists of 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 could now entry the perfect costs and liquidity throughout a number of DEXes, and would, due to this fact, be capable of take advantage of knowledgeable selection for his or her trades.
Particulars of the New Options of Hashflow 2.0
Hashflow is trying to leverage its distinctive Request-for-Quote (RFQ) know-how to supply person orderflow to market makers. Not like the automated market makers (AMMs) with a set components and excessive slippage and gasoline charges, the RFQ fetches quotes from market makers who handle the liquidity swimming pools on the platform. This enables the platform to supply lower-cost buying and selling at quick execution, in line with Hashflow.
Then there’s the brand new Good Order Routing (SOR) function. Hashflow 2.0 will be capable of supply quotes from third-party DEXes akin to Uniswap, Curve, Sushi, and Balancer. So, invariably, merchants will be capable of perform seamless transactions utilizing the perfect accessible choice. That’s as a result of they’ve entry to over $8B value of liquidity and the perfect charges that may be present in decentralized buying and selling.
The excessive efficiency of the Solana blockchain is one other factor that Hashflow seeks to leverage. Recall that the blockchain processes about 50,000 transactions per second and expenses considerably low charges. So, by straight integrating Solana, Hashflow 2.0 turns into the primary DEX to supply cross-chain buying and selling between Ethereum and Solana. And it’ll accomplish that with out the necessity for an exterior bridge or middleman. Which means customers can simply swap their main belongings akin to BTC, ETH, USDC, and USDT throughout the 2 chains.
Talking in regards to the Hashflow 2.0 replace, Varun Kumar, Hashflow’s co-founder and CEO believes that it marks a significant turning level for the platform. As well as, he additionally believes that it represents a significant milestone for all the decentralized finance (DeFi) ecosystem.
The rollout of Hashflow 2.0 will happen in phases. For now, it has gone reside on the Ethereum mainnet and the choice Layer 1s BNB Chain and Avalanche. Expectations are that rollouts to Solana and Ethereum Layer 2s Arbitrum, Optimism, and Polygon may also observe shortly.
Since launching in April 2021, Hashflow has settled trades value over $17.6B, amassing greater than 80,000 customers within the course of. The platform has eyes set on changing into a number one DEX, particularly for merchants thinking about pace, effectivity, and safety.
