Decentralized Finance (DeFi) is a budding ecosystem that has the potential to disrupt traditional financial systems. However, the lack of interoperability among DeFi platforms has been a major hindrance to its growth. This is where RocketX and XDC Network come into play. By integrating these two platforms, DeFi interoperability is set to be revolutionized.
Recently, RocketX has integrated XDC Network, the Ethereum scaling solution, and the largest blockchain networks, to offer its users the best rates on XRC20 swaps. The integration will allow RocketX’s users to make cross-chain swaps between XDC and over 60+ supported blockchain networks. This is yet another milestone in the development of the blockchain ecosystem, which promises to revolutionize the way we transact and interact with digital assets, providing users with the ability to enjoy improved scalability on any EVM (Ethereum Virtual Machine) based DeFi applications.
This means that transactions can be processed much faster, which has significantly improved the transactions per second (TPS) of DeFi applications. Additionally, the integration has also resulted in lower gas fees for users, which makes these applications more accessible to a broader audience. Overall, this integration has boosted Ethereum scalability and DeFi interoperability, allowing for a more efficient and streamlined experience for users.
RocketX has quickly become a go-to platform for cross-chain swaps, offering better rates than its competitors, thanks to its intelligent algorithms that consider parameters such as low gas fees, low slippage, and better swap rates. With the integration of the XDC Network, users can now swap XDC (XRC20) with all leading blockchains without an intermediary.
Davinder Singh, Co-founder of RocketX, states:
“We’re thrilled to welcome XinFin XDC network to the RocketX family. Our partnership accelerates onboarding for the next billion users to XDC Network, seamlessly transferring digital assets from 60+ blockchains to XDC Network through 1-click cross-chain swaps……….This partnership represents a giant leap towards a more inclusive and decentralized future for all.”
Matthew Weisenthal, Director of Ecosystem Relations, XDC Network states:
“We’re excited that XDC Network has been integrated within RocketX so that its users can benefit from our enterprise-grade blockchain infrastructure,……This integration represents an important step in our mission to drive the adoption of blockchain technology across a range of industries, and we look forward to working closely with RocketX as they work to deliver more innovative DeFi solutions to the XDC ecosystem.”
Source: https://thenewscrypto.com/rocketx-integrates-with-xdc-boosting-ethereum-scalability-and-defi-interoperability/