Avalanche Integration on ZeroSwap
First Step towards gasless swaps on the Avalanche Chain
We are super happy to announce the addition of yet another chain to our gasless universe. After successfully launching our DEX on Binance Smart Chain and Polygon in recent times, it is now time to relieve you from paying any gas on Avalanche! It is the first step we are taking towards gasless swaps on AVAX!
Avalanche has shown tremendous growth of +106.23% over the year, outperforming the price fluctuations of Ethereum, Solana, and Fantom, the leading smart contract blockchains. So the time is finally here for Avalanche to join the Zeeverse and avalanche users to enjoy MultiFoldZEEPotential! This means that users will swap endlessly in gasless mode at zero fees and enjoy benefits like IDOs and Staking rewards.
What are the prerequisites? NONE!
Users can access the gasless swaps on the Avalanche chain without staking. Just connect your wallet, select a token pair and ZeroSwap!
Ava Labs’ Avalanche is a customisable smart-contract platform that enables the building of private blockchains and decentralised apps (dApps).
$AVAX is the Avalanche blockchain’s native token, utilised for transaction fees and staking in the consensus process. Avalanche intends to become the backbone for the “internet of assets”. The purpose is to enable a single universal platform for sending any asset.
- Avalanche has the highest user count hike in 30 days on Trader Joe, currently at 292,860+ according to Coin 98 Analytics.
- Avalanche also showed one of the highest volume trades, standing over $1 billion in the last 24 hours.
- Its offer of liquidity mining incentives has enticed many degens to migrate to the blockchain.
- Avalanche’s DeFi ecosystem now has a market capitalisation of $22 billion in TVL.
Here are the top 04 reasons why Avalanche will be a pertinent addition to our ZeeDEX ecosystem!
1- Avalanche has a super solid consensus mechanism
Avalanche combines the features of Nakamoto consensus — resilience, scalability, and decentralisation. The Avalanche Consensus incorporates all the benefits of Classical consensus — speed, swift finality, and energy efficiency. This consensus has some features:
- High throughput of 4,500 TPS.
- Resilient to 51% attacks.
- Highly decentralised
2- Avalanche is Ethereum Compatible
Avalanche is a fully compatible smart-contract chain with EVM. This means that anyone can use Avalanche to deploy smart contracts written in Ethereum-related languages such as Solidity.
In simpler words, you can develop dApps on Ethereum and Avalanche, with the bonus of lightning-fast transactions and low transaction costs.
3- Avalanche has a deadly combination of staking and burn
AVAX, a long-term investable cryptocurrency, is a hybrid of staking and burning that results in an extreme supply crunch. As you can see, almost 243 million $AVAX tokens, or 61% of the current supply, are currently staked. Additionally, if you want to stake $AVAX, you can earn an annual percentage yield of 9.94%.
4- Avalanche enables users to create dApps effortlessly
Avalanche enables anyone to design custom applications that utilise the innovative Avalanche consensus. This way, it is comparable to Polkadot and Cosmos, but with increased throughput, transaction finality, and the ability to scale to millions of validators without jeopardising the network’s decentralisation.
The Roadmap Moving Forward — ZeroSwap x Avalanche
- ZeroSwap will provide gasless swaps, gasless farms, and gasless launch of tokens on Avalanche.
- The bridge will be launched this Friday, and the liquidity will be added to Pangolin.
- Next week, we will be all set to launch staking on Avalanche
- Staking will be followed by the launch of ZeeDEX in the same week.
- Lastly, a running farm will be hosted.
About ZeroSwap and ZeeDO
ZeroSwap is a multi-chain compatible decentralised exchange aggregator focused on making zero-fee transactions possible. We aim to make on-chain trading simple and easy by providing access to Ethereum, Binance Smart Chain, and DEXes access under one roof. One of the core utilities of ZEE is to reduce friction in fundraising using digital assets; to solve that, we have been building a DEX Offering Platform Called — ZeeDO.