Cross-Chain DEX Aggregation
THORSwap expands beyond THORChain and adds leading decentralized liquidity sources across multiple blockchains to support thousands of long-tailed assets.
The birth of Automated Market Makers brought about the rise of Decentralized Exchanges (DEX). Despite this, in order to overcome the barrier of siloed liquidity across the ever growing number of L1 and L2 ecosystems, DeFi has become increasingly reliant on centralized counter-parties, bridges and/ or wrapped assets.
By connecting multiple Layer 1 Blockchains and allowing users to swap assets between them in a truly decentralized manner, THORChain has revolutionized the non-custodial trading of assets.
Previously, THORSwap utilized THORChain exclusively to enable users to swap between all supported crypto assets as well as provide liquidity to each liquidity pool (THORChain requires each supported asset to be pooled with $RUNE). Even though the number of supported blockchain and assets is increasing over time, THORChain is not designed to support the thousands of long-tail assets across many L1 and L2 smart-contract protocols.
THORSwap has entered the next crucial phase in its development, evolving into a decentralized, cross-chain trading experience that also supports long-tail assets by taking the role of a Cross-Chain DEX Aggregator. Greatly expanding beyond layer 1 crypto assets liquidity on THORChain, to support the thousands of long-tail assets across Ethereum (ERC-20).
Long-tail Ethereum assets are just the tip of the iceberg for many many more long-tail assets to be added to THORSwap’s cross-chain aggregator: Solana, Polkadot, Cosmos IBC, Dash, top L1 and L2 EVMs such as Binance Smart Chain, Fantom, Polygon, Arbitrum and more.