Rango Exchange has extended support to the Fuse Network blockchain. Its DEX and bridge aggregators now cover the Voltage Finance DEX and the transfers to and from the Fuse Network via Multichain.
Two trends have primarily defined the recent evolution of the crypto space. First, multiple layer one chains have established themselves and attracted significant user presence and transaction activity. It is becoming more and more apparent that the future belongs to the crypto space with multiple chains, none of which will be dominant.
In the meantime, the decentralized finance (DeFi) industry has seen dramatic growth. The central component of DeFi is decentralized exchanges (DEXs) that have been taking a growing share of the overall crypto asset trading volume.
However, while these developments are undoubtedly bullish for the long-term viability of crypto, they have also created a problem to be solved: the fragmentation of liquidity among blockchains. Many users (especially in DeFi) are not only interested in a given blockchain but also in the opportunities offered by the whole range of chains and protocols whose exploitation often requires cross-chain interactions.
Multichain bridge platforms have gone a long way towards solving interoperability. Still, they do not necessarily enable users to select the bridging option that best suits their needs or conveniently swap assets on one chain for those on another. This is where multichain DEX and bridge aggregators like Rango Exchange are handy.
Creating “mega liquidity” for the crypto space
Rango Exchange (Rango) is a leading multichain platform aggregating DEXs and bridge protocols. It already serves users on more than 27 layer-1 and 2 blockchains. In addition to Ethereum Virtual Machine (EVM)-based chains, it supports those running on the Cosmos protocol UTXO chains and is working on onboarding NEAR, Cardano, and other networks.
Inside the Rango app, a user can choose an asset on the starting chain and either a version of the same asset, the target chain, or another supported asset.
The Rango protocol determines the most optimal path for the transfer/swap and offers it to the user, showing which bridges and DEXs will be involved. The transaction fees are predetermined, and no additional fees are added during transaction execution.
How Fuse Integrates Rango
The Fuse Network blockchain is now fully supported by the Rango protocol. Voltage Finance is the first DEX on Fuse integrated into Rango’s DEX aggregator. The currently supported bridge platform for transfers to and from Fuse Network via Rango is Multichain (formerly Anyswap).
This has already enabled the listing, among others, of the following Fuse assets: FUSE, VOLT, USDT, USDC, BUSD, fUSD, WBTC, WETH, BIFI, G$ and agEUR.
In the future, Fuse will work with Rango to ensure the extension of support to additional DEXs on the Fuse Network and interoperability platforms covering our platform.
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