Komodo, a leader in blockchain interoperability and atomic swap technology, has added Polygon, Avalanche, Harmony, and ten other blockchain protocols to AtomicDEX.
AtomicDEX is a non-custodial multi-coin wallet and atomic swap-powered DEX rolled into one app, showing that a multichain/multiprotocol reality can be accessible, secure, and truly peer-to-peer.
Users on these various chains will now be able to access their cryptocurrencies natively without the need for wrapped or proxy tokens, resulting in seamless transactions across multiple chains.
Komodo’s CTO Kadan Stadelmann says,
“We usually think that blockchain bridges are super limited to a one-way or two-way-bridge such as Ethereum to Binance, but adding these protocols like Polygon and Avalanche really adds a whole new level of accessibility for users to make quicker and smoother cross-chain and cross-protocol transactions while still keeping custody of their keys.”
Using centralized exchanges like Coinbase or FTX to transfer assets, can also cause lockups and wait times on withdrawals, or result in withdrawals being stalled and suspended when gas fees are high.
AtomicDEX charges zero fees for market makers and only 0.13% for market takers, while gas fees are miniscule for trading cross-chain for the vast majority of supported blockchains.
Additionally, it has a built-in non-custodial wallet that enables users to hold funds or withdraw to an external wallet at any time.
The new 13 protocols being added to Komodo’s AtomicDEX include Avalanche, Polygon, Harmony, Fantom, smartBCH, Ethereum Classic, Moonriver, KuCoin Community Chain, Huobi ECO Chain, Flux, Ubiq, Arbitrum (wallet only), and Optimism (wallet only) — allowing users to swap from Ethereum to BSC or vice versa, Avalanche to BSC or vice versa, Polygon to Avalanche, and so on.
Harmony On AtomicDEX Integration
Stephen Tse, Founder of Harmony, an open and fast blockchain for your assets, collectibles, identity and governance, says,
“We look forward to joining Komodo on the mission of providing full cross-chain support for the entire blockchain ecosystem. By listing the ONE token to Komodo’s AtomicDEX, we are creating a value aligned partnership which will enable more people to access both Harmony, Komodo, and every other coin listed through these networks. We hope to build bridges not walls throughout the ecosystem to create greater scalability across blockchains.”
By adding trading support for Polygon and smartBCH sidechain networks, AtomicDEX offers a new bridging solution that helps support blockchain scalability efforts for both the Ethereum and Bitcoin Cash ecosystems.
Last year AtomicDEX integrated Binance Smart Chain (BSC) and made the first-ever native cross-chain swap from BSC to a non-BEP-20 blockchain. In August 2021, Tokel (TKL) completed the first-ever peer-to-peer initial DEX offering (IDO) on AtomicDEX.
📧Sign Up For The Komodo Newsletter
Subscribe to the Komodo newsletter to get the latest project news on releases, partnerships, and events sent to your inbox.
Discussion about this post