Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Cardano and Polygon interoperability is now possible as the cross-chain liquidity aggregator, Blueshift's new cross-chain protocol, goes live.
The new protocol, BluesChain, will allow bridgeless cross-chain swaps between Polygon and Cardano.
📣We're Live and Kicking!📣
— Blueshift (@blueshiftfi) May 26, 2023
Experience seamless bridgeless cross-chain swaps between @0xpolygon & #cardano
Join the top 5 in the Zealy sprint to share a $250 USD prize! Don't miss out https://t.co/v69Htf9C1U
Let's make some noise
😀Follow @blueshiftfi
🤝Like, RT
👬Tag 2 friends pic.twitter.com/uFuxFmP2CT
Users can also swap tokens on chains Blueshift is currently connected with, including the Layer 2 protocol Milkomeda; Algorand EVM-compatible chain developed by Milkomeda, referred to as Algorand A1; Cardano EVM-compatible chain developed by Milkomeda, referred to as Cardano C1, Kava chain and Polygon.
Blueshift aims to be connected with all Ethereum L2s by the end of summer 2023 as it continues to work to push the limits of cross-chain interoperable decentralized exchanges (DEX) in the decentralized finance (DeFi) arena.
Users will be able to conduct swaps between different ecosystems using BluesChain without the necessity of a centralized authority.
The connected chains use it as a distributed ledger to record and coordinate cross-chain transactions. This means that the solution does not use wrapped assets to move assets; instead, it interacts directly with the many connected blockchains.
Messari highlights top dApps on Cardano
On-chain analytics firm Messari reflects on the information it shared in its Cardano Q1 2023 report.
According to it: "In terms of gross activity, jpgstoreNFT and MinswapDEX remain the leading NFT marketplaces and DEX on Cardano, respectively."
However, newer protocols, such as Liqwid Finance, are growing and capturing market share. Stablecoin growth was led by IUSD and Djed, which had 72% and 27% dominance, respectively.
Milkomeda C1 launched in early 2022 as Cardano's first sidechain, bringing EVM compatibility to Cardano. Milkomeda's involvement in the gaming industry seems to be growing, as evidenced by the efforts of Paima Studios.
Valeria Blokhina
Godfrey Benjamin
Dan Burgin
Alex Dovbnya
Vladislav Sopov