What is The Most Convenient Way to Trade Tokens?
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The number of total DeFi users is getting closer to 4 million people, and DEX trading volume rose to $816 Billion in the last year alone. The average number of DEX traders active in a week is more than 400,000, and approximately 40% of them are facing serious problems with trying to move their assets across chains. Still, there’s one project that allows the full gamut of seamless Multi-chain swaps: Rubic.
Currently, many projects have created their own cross-chain solutions and integrated bridges. This has significantly changed the world of DeFi, but there are still major issues while transferring assets to another network. Even the most popular bridges, like the Binance Bridge, have numerous restrictions that make the process difficult. Every bridge has a list of specific assets available for swapping across networks, and some of them have swap limits and time restrictions.
With new projects being released on a regular basis, there are hundreds of assets on the BSC alone; and this doesn’t make it any less of a problem for people who prefer to hold different assets. Even after completing several steps and swapping their assets to the supported currency, traders will need to make sure they have the native coin to pay for gas fees. Eventually, they get ETH for Ethereum and MATIC for Polygon by completing more swaps.
Among the many projects that attempt Multi-chain, you’ll find only one that simplifies all these steps to a one-click swap, and it’s rubic.exchange. This project offers the most innovative feature in the cross-chain world: Multi-chain Swaps. Their technology combines the first (bridge) and the second steps (exchange) into one Swap, offering the best rate, taking into account the liquidity and cost of gas. Rubic supports Multi-chain trading with more than 9,500 tokens between Polygon, Ethereum, BSC and Avalanche networks.
Utilizing liquidity pools and their own smart contracts, they’ve brought an easy-to-use Multi-chain solution to traders. Their smart contract code has been thoroughly audited, both internally and externally, through contracted 3rd party auditors.
The largest competitor that they have is THORchain, yet Rubic offers a far more robust DeFi solution than anything THORchain provides. THORchain specializes only in major coins and assets for different blockchain networks, while Rubic focuses on trading the many thousands of tokens on those networks. Also, with the recent hacks surrounding THORchain’s cross-chain smart contracts, they have left the door wide open for other platforms to gain huge market share and publicity. There are other DEXs that are offering aggregation and bridges, but they are extremely limited in their scope and functionality.
Meanwhile, Rubic created their own Multi-chain routing system that enables any token on Ethereum, Binance Smart Chain, Polygon and Avalanche networks to be swapped for any other token on these four networks. This feature will eventually expand to encompass all integrated blockchain networks.
Rubic is leagues ahead in development compared to our perceived competition, which includes THORchain along with other projects like Anyswap, Stakenet, O3 Swap, and more.
The main goal of many DeFi projects is to unite all blockchain networks, and help users easily swap any asset; in the easiest and most profitable way possible. While other projects are attempting this goal, try one that’s already fully-functional and far ahead of the rest at rubic.exchange.