Cross-chain exchanges, which allow the transfer of value between different blockchains, have become a crucial issue. As we announced yesterday a fundraising of DKK 7.5 million for Connext, today we look at a company that stands out for its innovative approach to this issue: from Bridge. The latter was recently launched DLN tradinga cross-chain exchange platform that promises to revolutionize the trading experience.
deBridge and DLN Trade: a springboard for trade across chains
Founded in 2021 and based in Spain, deBridge is dedicated to providing a high performance infrastructure for interoperability. His latest product, DLN Trade, is an application that facilitates the exchange of tokens between different blockchains quickly and efficiently in terms of capital. Compatible with EthereumArbitrum, Polygon, Fantom, BNB Chain and Avalanche, DLN Trade is positioned as an important player within cross-chain exchanges.
DLN Trade: an innovative solution
DLN trading stands out for its use of a decentralized order book. Unlike most decentralized exchanges that rely on a smart contract to lock user funds, DLN Trade bypasses this problem. Trades are executed directly between users without the need for a central liquidity provider. This helps create a safer and faster trading environment without the risks and delays associated with centralized liquidity pools.
Advantages of DLN Trade
DLN Trade offers several significant advantages over traditional decentralized exchanges. Primarily, there is no transfer limitmaking it possible to execute orders of any size, whether hundreds or millions of dollars, with equal efficiency and at low cost.
Moreover, users can place limit orders across chains, which can be canceled at any time. Finally, DLN Trade does not require access to packaged assets or liquidity pools to perform exchanges across chains, which sets it apart from its competitors.
With the launch of DLN Trade, deBridge can do well redefining the rules of the game in relation to cross-chain exchanges. By offering a safer, faster and more efficient solution, DLN Trade has the potential to transform the crypto trading landscape. Only time will tell if this innovation will be widely adopted, but one thing is certain: DLN Trade is further proof of the ingenuity and innovation that characterizes the world of cryptocurrency.
Sources: DLN