Ave.ia, an on-chain, cross-chain aggregation platform, today made a new strategic alliance with Flap.sh, a cryptocurrency Launchpad built in the BNB Chain. With this collaboration, Ave.ai now supports Flap.sh on X Layer, a Layer-2 network, to offer advanced trading experiences. Flap disclosed this partnership today on its social media account.
Ave.ai is an on-chain trading platform that connects with more than 130 chains and over 300 DEXs for rapid, safe, and professional trading. On the other hand, Flap is a token Launchpad on the BNB chain, particularly recognized for creator revenue sharing. Since its establishment, Flap has enabled launches of some trending meme assets on the BNB Chain, such as Froggie, Moolah, and Broccoli.
X Layer is a Layer-2 scaling solution (powered by zero-knowledge technology) that connects the OKX and Ethereum communities, enabling anybody to engage in the on-chain environment.
The Role of Ave.ai and X Layer in This Partnership
According to the data revealed above, Ave.ai has added support for Flap on X Layer. With this integration, Flap users can now access an advanced on-chain experience based on the fusion of Ave.ai’s comprehensive network with X Layer’s rapid processing speed and low-cost transactions, and powerful security infrastructure.
X Layer, which utilizes the Polygon CDK framework, now offers Flap users more rapid and cost-efficient transaction experiences compared to Ethereum’s main blockchain. Also, X Layer’s zero-knowledge proof technology provides Flap users with superior security and privacy for on-chain trading services.
Furthermore, with this incorporation, Flap’s tokens can now move across over 130 blockchains and decentralized exchanges supported by Ave.ai’s infrastructure, beginning with the X Layer network, as indicated in the data. With this development, users can now move assets launched on Flap to various DeFi platforms, not just the X Layer network. This integration is set to help expand on-chain activity for Flap.
How Flap Will Benefit From This Relationship
The partnership between Ave.ia, Flap.sh, and X Layer aims to enhance user accessibility and streamline DeFi engagements. By adding Flap to the X Layer network supported by Ave.ai, Flap users can now seamlessly access applications from different DeFi protocols. This addition streamlines the process of linking to Flap-based utilities and accessing a broader variety of virtual assets.
This technological update is set to improve Flap’s liquidity, as data indicates that the crypto Launchpad is an upcoming platform. While its TVL is currently valued at $36,268, it has been rising progressively from a low of $10,000 noted on August 30th, 2024.
Source: https://blockchainreporter.net/cross-chain-aggregator-ave-ia-adds-crypto-launchpad-flap-to-x-layer-for-multi-chain-defi/