RocketX Integrates with XDC Network, Boosting Ethereum Scalability and DeFi Interoperability (2024)

Newsfile Corp.

·3 min read

RocketX Integrates with XDC Network, Boosting Ethereum Scalability and DeFi Interoperability (1)

Dubai, United Arab Emirates--(Newsfile Corp. - April 10, 2023) - Recently, RocketX has integrated XDC Network, the ethereum's scaling solution and largest blockchain networks, to offer its users the best rates on XRC20 swaps. The integration will allow RocketX's users to make cross-chain swaps between XDC and over 60+ supported blockchain networks. This is yet another milestone in the development of the blockchain ecosystem, which promises to revolutionize the way users transact and interact with digital assets, providing users with the ability to enjoy improved scalability on any EVM (Ethereum Virtual Machine) based DeFi applications. This means that transactions can be processed much faster, which has significantly improved the transactions per second (TPS) of DeFi applications. Additionally, the integration has also resulted in lower gas fees for users, which makes these applications more accessible to a broader audience. Overall, this integration has boosted Ethereum scalability and DeFi interoperability, allowing for a more efficient and streamlined experience for users.

RocketX has quickly become a go-to platform for cross-chain swaps, offering better rates than its competitors, thanks to its intelligent algorithms that consider parameters such as low gas fees, low slippage, and better swap rates. With the integration of XDC Network, users can now swap XDC (XRC20) with all leading blockchains without an intermediary.

"We're thrilled to welcome XinFin XDC network to the RocketX family. Our partnership accelerates onboarding for the next billion users to XDC Network, seamlessly transferring digital assets from 60+ blockchains to XDC Network through 1-click cross-chain swaps," said Davinder Singh, Co-founder, RocketX. Further he added, "This partnership represents a giant leap towards a more inclusive and decentralized future for all."

"We're excited that XDC Network has been integrated within RocketX so that its users can benefit from our enterprise-grade blockchain infrastructure," said Matthew Weisenthal, Director of Ecosystem Relations, XDC Network. "This integration represents an important step in our mission to drive the adoption of blockchain technology across a range of industries, and we look forward to working closely with RocketX as they work to deliver more innovative DeFi solutions to the XDC ecosystem."

About XinFin XDC Network

The XDC Network is an enterprise-grade, EVM-compatible blockchain network supporting interoperable smart contracts. A highly optimized, bespoke fork of Ethereum, the XDC Network reaches consensus through a delegated proof-of-stake (XDPoS) mechanism, which allows for two-second transaction time, near zero gas fees, and over 2,000 transactions per second (TPS). Secure, scalable, and highly-efficient, the XDC Network powers a wide range of novel blockchain use cases.

Find more information about XDC Network by visiting websites XDC.org | XinFin.org and follow us on our social medias: XDC Foundation Twitter | XinFin Twitter || Telegram || LinkedIn || Reddit || Facebook || Forum

About RocketX

RocketX is an advanced hybrid CEX & DEX aggregator that makes it easy to compare prices across 270+ exchanges to help traders with the best prices with every Swap while enjoying 100% ownership of their digital assets.

For dApps & institutions, we act as a middleware by simplifying access to global crypto liquidity via a single API for in-app crypto swaps with best prices and 1-click cross chain capabilities.

Value Proposition:

  1. Seamless Interoperability

  2. Increased Liquidity

  3. Better Price Discovery

  4. Improved User Experience

  5. Lower Latency

  6. Enhanced Security on Crypto Swaps

We are on a mission to enhance interoperability between blockchains and drive mass adoption of crypto by simplifying access to all leading blockchains via single UI and API.

Website | Twitter | Telegram | Blog | LinkedIn | YouTube

Contact Details:
Adira@rocketx.exchange
Place: Dubai, UAE
Name: Adira B

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/161775

RocketX Integrates with XDC Network, Boosting Ethereum Scalability and DeFi Interoperability (2024)

FAQs

Is XDC on the ethereum network? ›

The XDC blockchain's 'hybrid' design allows it to work with public blockchains like Ethereum and Bitcoin. Without the use of additional wallets or exchanges, transactions designated as hybrid on the XDC blockchain can be sent to and executed on the Ethereum public blockchain.

What is XDC backed by? ›

XDC Network is backed by the XDC Community, leading to the formation of the XDC Foundation, which was established in 2021 to promote the growth and adoption of XDC through collaboration with a community of developers, trade experts, and content creators.

What makes XDC special? ›

The XDC Network is a groundbreaking blockchain with impressive speed, scalability, low fees, and military-grade security. Using XDC Network, businesses can improve their record keeping, exchange data and transfer assets more efficiently and more securely.

What tokens are on the XDC Network? ›

Tokens
NamePriceTransfer
Globiance Exchange Token (GBEX)$ 0199,843
STORX (SRX)$ 0.0391285726,523
Law Block token (LBT)$ 0.09573610,996
XSP Token (XSP)$ 0.00077448,874
16 more rows

Who uses the XDC Network? ›

XDC Network was the first blockchain to join the Global TFD Initiative - a consortium of major global financial institutions and leading service providers such as ABN AMRO, Santander Asset Management, ING Bank, SMBC, ANZ, Commonwealth Bank of Australia, Texel Group, NN Investment Partners, and more.

Should I invest in XDC? ›

XDC Network (XDC) has shown promising growth potential, with industry experts predicting a bullish trajectory for its price in the coming years. While XDC's historical performance and current fundamentals support a positive outlook, it is crucial to remember that investing in cryptocurrencies carries risks.

Which is better XRP or XDC? ›

What is the difference between XDC and XRP? XDC has a faster transaction speed and is more scalable than xrp. However, xrp is more widely accepted and has a larger user base. Xrp is the native coin of the Ripple network and is used to facilitate cross-border payments.

Who is the owner of XDC? ›

Atul Khekade is the Co-Founder at XDC Foundation and a Co-Founder of Technology and Ecosystem Development of XinFin Hybrid Blockchain and TradeFinex.

What ledger holds XDC? ›

Ledger Nano S Plus

The perfect crypto wallet to start securely managing your XDC Network.

Is XDC a security or token? ›

XDC Utility

Utility tokens from the XDC Network are made to improve efficiency, security, and transparency of transactions across several industries.

Will XDC hit $100? ›

Will XDC Hit $100? It is highly unlikely for XDC to reach $100 before 2030 and it would represent a significant challenge for this cryptocurrency even after 2030: this would imply a market capitalization of over $1 trillion.

Is Coinbase going to list XDC? ›

No, Wrapped XDC is not currently available on Coinbase, but you can sign up to get the latest news on Wrapped XDC and be notified when it gets added to our exchange.

How much is XDC worth right now? ›

Price of XDC today

The live price of XDC Network is $ 0.036261 per (XDC / USD) with a current market cap of $ 504.50M USD. 24-hour trading volume is $ 6.17M USD.

Does XDC have potential? ›

XDC Network crypto coins hold immense potential for future growth. With increased investment and adoption, the XDC Network Coin can significantly increase its value within the next 4 to 6 years.

Is XDC an ERC20 coin? ›

The XDC Token is an ERC20 token that is minted on the Ethereum blockchain.

Is XDC EVM compatible? ›

With EVM compatibility on the XDC network, this allows developers to use Ethereum-based programming languages and tools to build on other blockchain networks. Ethereum is currently the largest smart contract platform in the world and has a large developer community.

What Ledger is XDC on? ›

Ledger Nano S Plus

The perfect crypto wallet to start securely managing your XDC Network.

Where is the XDC Network located? ›

XDC Network is headquartered in Singapore, Singapore.

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