There’s more than one way to trade tokens cross-chain and Zenswap believes it’s settled upon one of the securest – not to mention the fastest. Its eponymous DEX has now launched in beta, promising true cross-chain swaps that eliminate reliance on bridges or wrapped tokens. Zenswap has high hopes for its novel cross-chain DEX, but for so long as it’s in beta, swaps have been capped at $500 USDC as a precaution. That threshold should nevertheless prove more than enough for traders curious to see what all the fuss is about. And there’s a lot to unpack. EVM Gets the DEX It Deserves Zenswap has gone live with support for a number of EVM chains including Ethereum, AVAX, Polygon, and Arbitrum with more on their way including Optimism. And it’s not stopping there: Solana is also in the roadmap and development is at an advanced stage, with the integration on course to be completed by early July. The backbone of Zenswap is USDC, which all trades route through. It’s the optimum solution, Zenswap’s team believes, for avoiding the need for wrapped tokens or pesky bridges. When everything settles in USDC, everything works better, from superior pricing to lower slippage. Swap It Like You Mean It Zenswap uses an intent-based model, which has become increasingly en vogue among the current wave of DEXs and aggregators. Innovative features include Boost Mode, which delivers near-instant swaps. The UX is rather pretty too, it must be said. On the surface, this is technically just another DEX, albeit a slick and highly intuitive one. But beneath the hood, everything runs different. There’s a lotta DEXs out there now, with many serving the omnichain landscape with a particular focus on EVM and Solana. Zenswap ticks these boxes, but it also offers a whole lot more. Its developer team is confident that a host of L2s, DeFi protocols, and dapps will elect to integrate Zenswap, taking advantage of the composability that is now synonymous with decentralized finance. While Zenswap’s utility extends to swapping tokens today, there’s much more that could be done tomorrow once other web3 projects start building on top of it. Imagine being able to top up a DeFi loan on Ethereum using assets held on Solana, for instance. No more frantically bridging funds back to avoid liquidation when the markets turn feisty. The same technology powering Zenswap should prove a boon to projects launching new networks, from sidechains to L2s. It effectively solves the liquidity problem, allowing users to swap tokens from day one at the quoted market price. This prevents the need for nascent networks to attract liquidity mercenaries, who are prone to sticking around only as long as the incentives are in place. In short, there’s loads that can and will be done with Zenswap. But in the here and now, it forms a welcome addition to the multichain landscape. And with a leaderboard and point system in place, which top traders can convert into tokens at a future date, there are ample incentives to take Zenswap for a test drive. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
