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RocketX Integrates With XDC Network to Enhance Ethereum Scalability and DeFi Interoperability
Decentralized Finance (DeFi) is a rapidly evolving ecosystem with the potential to disrupt traditional financial systems. However, a lack of interoperability among DeFi platforms has long hindered its growth. The integration of RocketX and the XDC Network aims to revolutionize this landscape by bridging these platforms.
RocketX has recently integrated the XDC Network, an Ethereum scaling solution and one of the largest blockchain networks, to provide users with optimal rates for XRC20 swaps. This integration enables RocketX users to execute cross-chain swaps between XDC and more than 60 supported blockchain networks. This development marks a significant milestone in the blockchain ecosystem, promising to transform how users transact and interact with digital assets. It allows users to leverage improved scalability on any Ethereum Virtual Machine (EVM)-based DeFi application.
Consequently, transactions are processed significantly faster, leading to a substantial increase in the transactions per second (TPS) of DeFi applications. Additionally, the integration has reduced gas fees for users, making these applications more accessible to a wider audience. Overall, this move has enhanced Ethereum scalability and DeFi interoperability, delivering a more efficient and streamlined user experience.
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RocketX has quickly established itself as a premier platform for cross-chain swaps, offering superior rates compared to competitors through intelligent algorithms that optimize for low gas fees, minimal slippage, and better swap rates. With the addition of the XDC Network, users can now swap XDC (XRC20) with all leading blockchains without the need for an intermediary.
Davinder Singh, Co-founder of RocketX, stated:
“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 at XDC Network, commented:
“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.”
