BRC20.com Integrates Portal’s P2P DEX to Enhance Bitcoin DeFi Accessibility for Developers and Inves
BRC20.com today announced it will integrate Portal’s peer-to-peer (P2P) decentralized exchange (DEX) technology with its BRC-20 ecosystem platform. The collaboration will allow BRC20.com to leverage Portal Swap’s SDK and Portal’s Layer 2 Atomic Swaps technology for trust-minimized, cross-chain swaps that involve no bridges, custody or wrapping. For the first time, $.COM, BRC20.com’s native token, will be seamlessly swappable with native BTC, Ether (ETH) or other cryptocurrency supported by the Portal DEX Network.
BRC20.com was launched as a bridge between the BRC-20 standard and the wider crypto market. It serves as a launchpad fostering the growth and development of new digital assets and decentralized applications (dApps) on the Bitcoin network. The BRC-20 standard, akin to Ethereum’s ERC-20, has been rapidly gaining traction, amassing a total market capitalization exceeding $4 billion. It enables the creation and transfer of custom tokens directly on the Bitcoin blockchain, offering a robust foundation for various DeFi projects. BRC20.com leverages this standard to offer innovative fundraising mechanisms, such as Initial DEX Offerings (IDOs) and Initial Farming Offerings (IFOs), thereby cultivating a vibrant ecosystem for emerging projects.
With Portal’s Layer 2 Atomic Swaps DEX integration, BRC20.com users will be able to engage in trustless trading, swapping $.COM tokens directly against assets across different chains effortlessly. This feature will not only enhance liquidity but also broaden the horizon for users outside the Bitcoin domain. Until now, $.COM tokens are primarily available through centralized exchanges and select DEXs supporting BRC-20 pairs. This partnership aims to change that by incorporating popular launchpad tokens from BRC20.com into the Portal DEX Network, thus amplifying cross-chain trading opportunities.
BRC20.com’s integration will pave the way for an unprecedented level of accessibility within the Bitcoin DeFi ecosystem and will open up new DeFi avenues to traders and investors. It signifies a new era in the DeFi landscape where users will have a simplified, secure and comprehensive platform for trading and investing in the crypto space.
