MARSWAP "Shibarium's First DEX Aggregator" Released｜Multi & Cross Chain Support Also Planned
Data aggregation presents the "cheapest & fastest exchange route".
Marswap, a decentralized finance (DeFi) platform based on Shibarium, a Shibainu (Shiba Inu/SHIB) related Layer 2, announced on April 6, 2024, the launch of Marswap Aggregator, the first aggregator for Shibarium.
An aggregator is a service that aggregates data from multiple decentralized exchanges (DEXs) to provide optimal trading rates, and various aggregators are currently available in the virtual currency industry.
Marswap Aggregator is a service that aggregates order data related to SHIB-related Layer 2 "Shibariums" to provide optimal exchange rates, and it has been reported that using this service can reduce costs by up to 15% when trading.
Various Shibarium-related tokens can be exchanged
The Marswap Aggregator can be used from the linked page mentioned in the post above, and is used by connecting a Shibarium-compatible wallet such as Metamask.
When trading, you can select the combination of tokens you wish to exchange, and at the time of writing, in addition to major currencies such as "SHIB, BONE, LEASH, WBONE, WETH, USDT", tokens such as "SHARBI" and "DAMN" can also be exchanged.
Multi- and cross-chain support is also planned.
Marswap's official announcement also reports that it plans to offer "multi- and cross-chain support" in the future, which will allow tokens to be exchanged across multiple blockchains.
Once the multi- and cross-chain support is completed, users will be able to "exchange ETH and other virtual currencies into Shibarium-based BONE with a single click," which is expected to accelerate the inflow of funds into the Shibarium ecosystem and potentially lead to higher BONE prices.
It also explains that Marswap provides "widgets for integrating virtual currency trading functionality into your website or other sites," which allows developers to integrate Marswap's widgets into their website and trade tokens directly from a drop-down box.
Since it is reported that a small fee can be added if the widget is incorporated into their service, developers using the widget may be able to generate a new revenue stream while providing an easier way to redeem tokens.
While new tokens such as $DAMN have attracted a lot of attention on Shibarium, the more widespread use of the newly announced "Marswap Aggregator, Cross-Chain Exchange, and Widget" is expected to make it easier to exchange Shibarium base tokens and help the entire SHIB ecosystem grow.
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