jakiro
Author: Deman
With the rapid development of blockchain technology, cross -chain interoperability demand is increasing.
On May 10, 2024, the Ton Foundation announced 14 funded projects, including Symbiosis connecting TON and 27 chains.
Symbiosis is a decentralized cross -chain agreement. As of the latest data, its cumulative transaction amount is 2.27 billion US dollars, the number of transactions has reached 1.91 million times, and the number of active addresses is 336,070, covering 30 different networks.These data show the application of Symbiosis in cross -chain technology and user base.
The support of obtaining the TON Foundation not only shows the attractiveness of Symbiosis in the first market, but also reflects the market’s recognition of cross -chain liquidity aggregation concepts.
At present, with the rise of emerging public chains such as Solana, Avalanche, Fantom, users’ demand for cross -chain assets is increasing.Symbiosis Finance came into being in such a market background. Its unique design enables it to capture wealth opportunities in emerging ecology.
Next, we will explore the specific advantages of Symbiosis in cross -chain technology and its future development direction.
01Focus on cross -chain liquidity aggregation
Symbiosis Finance is a cross -chain AMM DEX, which aims to gather liquidity from different networks.
Whether it is Layer 1 or Layer 2, EVM compatibility chain or non -EVM chain, Symbiosis can achieve free exchange of cross -chain assets.Users can exchange any two assets between Ethereum, BSC, Polygon, Avalanche and other ecosystems through one interface. This provides users with great convenience.
The working principle of Symbiosis Finance can be summarized as three parts: the DEX trading polymer on the starting chain, decentralized cross -chain bridge, and DEX trading polymer on the target chain.Specifically, when users initiate cross -chain transactions, Symbiosis Finance will find the best transaction path on the starting chain and execute the transaction, and then transfer the assets to the target chain through its decentralized cross -chain bridge. FinallyComplete the exchange of assets on the chain.This design not only simplifies the process of cross -chain transactions, but also provides users with the best exchange price and minimum transaction cost.
Through such a three -step order, users only need to pass one transaction, that is, the most ideal price can complete the instant exchange from the assets on the Ethereum to the other chain assets, and the overall operation process is greatly simplified.In addition, Symbiosis Finance also built a bridge network jointly supervised and confirmed by a large number of relay nodes to ensure the decentralization, non -custody and security of cross -chain transactions.
02Key breakthroughs in multi -chain flow
Symbiosis Finance, as a decentralized multi -chain liquidity protocol, has obvious advantages compared to competitors such as Multichain and Thorchain.
Symbiosis allows users to trade arbitrary assets between different blockchain while maintaining the only one of the funds.Its unique interoperability and completely decentralized characteristics enable Symbiosis to provide users with the best trading experience and price.
The core part of the Symbiosis protocol includes front -end, cross -chain liquid engine and relay network.
The front end is a web interface or mobile application to help users obtain asset information, build the best transaction path, and sign a transaction.Cross -chain liquidity engine runs on each blockchain supported by Symbiosis, responsible for managing the cross -chain liquidity pool and chain lower route mechanism that manages the gathering.The relay network is a decentralized P2P node network. The relay depends on the events issued by the cross -chain liquidity engine on various networks supported by Symbiosis and reached a consensus to send the transaction to the corresponding blockchain.
SYMBIOSIS’s relay network can not only achieve decentralized cross -chain transactions, but also have a built -in encrypted economic incentive mechanism.Anyone can join the relay network through pledge SIS token to become relatives and participate in the signing process of consensus and transactions.In addition, Symbiosis adopts multi -party security computing (MPC) and acupoint signature agreements during cross -chain to ensure the security and reliability of transactions.
The uniqueness of Symbiosis in cross -chain transactions is that it supports a wide range of blockchain network and tokens. At present, it supports more than 30 blockchains and more than 430 unique exchange pairs.Compared with other cross -chain bridges, Symbiosis has obvious advantages in supporting the flexibility and breadth of supporting cross -chain transactions, especially in terms of cross -chain transactions that support non -EVM and Bitcoin.
03Cross -chain growth and innovation high
The Symbiosis team introduced multiple new features, including native Bitcoin Bridge, VESIS expansion and DAO voting.The native Bitcoin Bridge has been launched on the test network, achieving native Bitcoin exchange compatible with EVM compatible blockchain.The SIS pledge function on Linea Network has also been launched. Users can get VESIS through pledge SIS token, and enjoy pledge rewards and cross -chain cost reduction.In addition, ZKSYNC’s ZK tokens have also been listed on Symbiosis, and users can cross -chain exchange across 30 blockchain networks.
Symbiosis also plans to add more blockchain networks to its WebApp and extend the pairing availability on the existing blockchain.In the future, Symbiosis will continue to promote the development of cross -chain liquidity agreements, and is committed to providing users with more convenient and efficient cross -chain asset exchange services.
Based on the new network and functions, Symbiosis has reached a number of important milestones in the past two weeks, including the transaction value exceeding $ 2 billion, a cross -chain growth rate of 517.8%, and 437 unique exchange routes.Especially in terms of cross -chain growth, Symbiosis’s TVL (total locking volume) reached more than 11 million US dollars, and the usage rate of some networks increased by more than 600%.
In addition, Symbiosis is carried out a series of new events, and users can earn token rewards when using WebApp.For example, in the Mantle MNT incentive plan, users can get MNT token awards by cross -chain exchange Mantle.In addition, ARB incentives are about to start, and users can get the ARB token when they exchange funds to ARBITRUM.Symbiosis also launched Trailblazers Journey with TAIKO to provide special XP points for the most active users.
summary
As a key project in the field of DEFI, Symbiosis Finance shows strong market potential and development prospects through its cross -chain liquidity aggregation function and continuous expanded ecosystem.With the launch of new features and the addition of more blockchain networks, Symbiosis will continue to lead the development of cross -chain technology to provide users with better services and experiences.
