Areon Network Integrates Portal DeFi to Facilitate Seamless Trading of Native Bitcoin Assets
Areon Network, a Layer 1 blockchain using a novel Proof of Area consensus mechanism, today announced an integration with Portal DeFi, a first-of-its kind liquidity hub on Bitcoin using atomic swaps. The partnership will integrate Areon’s native $AREA token into the Portal DEX, making it one-click tradable against native Bitcoin fungible and non-fungible assets. With 2.77 million transactions, 36 active validators, 668 delegations, and a total staked amount of 41.74 million ($AREA) tokens, representing 34.35% of the circulating supply, showcasing its impactful strides in DeFi.
“We are thrilled to be partnering with Portal which is an essential infrastructure to the rapidly growing Bitcoin dApp ecosystem. Our vision of providing a fast and transparent blockchain is highly supported through collaborations with other cutting-edge, trustless technologies like Portal. Such integrations open our community up to new convenient experiences in financial services.” - Umur Ince, CEO Areon Network
The integration of the Portal Swaps SDK into Areon wallets will further expand the range of tokens Areon users have access to, enabling them to trade trustlessly and seamlessly without leaving native dApps.
“We are excited to be partnering with Areon to provide access to high-speed and low cost trading, using the safest means possible - P2P atomic swaps,” said Chandra Duggirala, CEO and Co-founder of Portal. “As the value of the assets stored on Bitcoin and other blockchains increases, the number of malicious actors, hacks and bridge drains is only going to increase. Areon’s novel Proof of Area consensus shows their commitment to securing their network, and aligns with our values as a trustless infrastructure provider.”
About Portal DeFi
Portal, conceived by a team of veteran Bitcoin and AI engineers, is dedicated to empowering financial self-sovereignty. The Portal Cross-Chain DEX Network is designed to match the speed, liquidity and user experience of centralized exchanges while eliminating the inherent custody risks of bridges and CEXs. Portal is backed by Coinbase Ventures, Arrington Capital, OKX Ventures, Gate.io and many other prominent investors. For more information, visit https://portaldefi.com, X (Twitter), Discord, Medium and Telegram
About Areon
Areon Network is a dynamic, decentralized ecosystem built on a layer 1 blockchain which is AreonChain. Its EVM-compatible chain is powered by Tendermint core and introduces a unique consensus mechanism called Proof of Area, which innovates on Delegated Proof of Stake by integrating digital land ownership. This end-user-oriented network prioritizes ease of access, ensuring fast, stable, and cost-effective transactions for a diverse global audience.
For more information, visit: https://areon.network/, X (Twitter), Discord, and Telegram
