RocketX Integrates Hedera to Enhance Interoperability in Decentralized Finance
RocketX integrates Hedera
RocketX, a multi-chain, decentralized and centralized exchange (DEX) complex that allows users to trade multiple assets, is integrating Hedera, in a joint press release with News Agencies on August 10.
The integration of the RocketX infrastructure aims to enhance Hedera’s interoperability in decentralized finance (Defi). This development is also likely to make Hedera interact with other networks and blockchains more smoothly.
RocketX is a platform that facilitates the trading of multiple assets from multiple networks via a single user interface and API.
As of August 10, RocketX has aggregated over 300 centralized and decentralized exchanges, providing access to a liquidity pool of more than $100 billion.
Thus, RocketX’s integration with Hedera is a significant development that makes cryptography more flexible, deconstructs the “blockchain-silo” nature of existing processes, and enhances interoperability.
With RocketX, cryptocurrency investors have a comprehensive tool that enables them to trade any token across a wide range of block chains with minimal slippage and optimal pricing.
In addition, the integration is a strategic development for Hedera. It is well known for its global community and governance board which includes industry leading organizations.
By improving interoperability and making it easier to onboard users, Hedera becomes available to millions of users worldwide, expanding its user base.
Improve interoperability and reliability
The integration aims to connect blockchains such as Bitcoin, Ethereum, Cosmos, Solana, and Fantom.
It will allow users to move assets to and from Hedera seamlessly, enhance self-holding by removing centralized and decentralized exchanges as intermediaries, and improve platform trading volumes and interactions.
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