The wait is finally over!@THORSwap has integrated our own full-featured #Ethereum DEX Aggregator💪— THORSwap ✌️ for $vTHOR (@THORSwap) August 23, 2022
Swap thousands of ERC-20 tokens across 8+ L1 blockchains in a single transaction, right from your own self-custody wallet.
No Bridges, No Wrapped, Deep Liquidity.
The addition supports these assets combined with aggregated liquidity from DEXs like Uniswap and Sushiswap allows users to quickly swap assets crypto directly on THORSwap without using a third party bridge.
Cross-chain swap allows users to swap tokens from one blockchain from one token to another on a blockchain other. This process can take place through a single protocol or multiple protocols (such as a combination of decentralized exchanges and blockchain bridges). In this case, THORSwap uses only THORChain to perform.
THORChain (RUNE) is a decentralized cross-chain protocol built on Tendermint and Cosmos-SDK, with the goal of increasing liquidity for assets crypto. Back in 2021, THORChain suffered an exploit in July, causing a loss of $7.8 million because of Bifrost, this vulnerability pushed the price RUNE down to 3 USD, but the platform only took 4 months to revive strongly.
Although the market in early 2022 is quite struggling, TVL on THORChain is still growing tremendously and it seems that THORSwap is the only product built on it.