Swing Added Hop Protocol to its growing Cross-Chain Liquidity Ecosystem
Swing has added Hop Protocol to its extensive list of supported DEXs, bridges, and aggregators, giving cross-chain developers access to greater cross-chain liquidity.
Swing’s cross-chain liquidity empire continues to expand with the recent integration of Hop Protocol. Relied on by hundreds of thousands of DeFi users, Hop Exchange, to use its proper name, is a conduit for assets flowing between EVM chains.
At present, Hop supports Ethereum, Polygon, Gnosis, Optimism, and Arbitrum. Assets such as ETH, MATIC, SNX, and stablecoins can all be transferred using Hop’s fast and price-efficient bridging service.
Now, all of that liquidity will be added to the dozens of chains and protocols Swing supports, significantly enhancing the utility of the Swing SDK, Widget & API.
Hop Jumps Onboard With Swing
Hop is a scalable rollup-to-rollup token bridge. It allows anyone to send tokens from one rollup or sidechain to another almost immediately without having to wait for the network's challenge period. This is particularly useful when withdrawing funds from chains whose challenge time is set at up to seven days.
Hop’s solution to this problem is to rely on market makers, known as bonders, who front the liquidity at the destination chain in exchange for a small fee. The liquidity pools that these market makers provide are of course suited to much more than sending token A from chain B to chain C; they also provide a plentiful supply of liquidity on each of the networks Hop serves.
This makes Hop Protocol ideal for connecting to the Swing API, SDK and Widget. Cross-chain bridges are a critical part of blockchain infrastructure, given the value of the assets that flow through them. It’s a testament to the Hop team’s engineering prowess that its bridge has been extensively battle-tested without incident.
Numerous cross-chain aggregators and bridging services, including MetaMask, Bungee Exchange, and Jumper Exchange already use Hop’s best-in-class cross-chain liquidity and order routing solution. Connecting this same technology to Swing’s smart contracts was one of the easiest decisions we’ve ever made.
Before welcoming Hop Protocol into the fold, the Swing already supported Polygon, Ethereum, BNB Chain, Avalanche, Gnosis, Fantom, Arbitrum, Optimism, Moonriver, Moonbeam, Cronos, Aurora, and OKExChain
The inclusion of Hop into the list of protocols supported by Swing is excellent news since it will not only increase liquidity for dApps that utilize Swing's API, SDK, and Widget but further solidify Hop’s place at the center of the cross-chain landscape. Users of cross-chain applications built using Swing's technology, meanwhile, will benefit from better pricing and reduced slippage.
By making use of the liquidity sources that flow through Swing and leveraging the cross-chain capabilities offered by Swing, developers are empowered to create the applications they've always envisioned. They no longer need to be waylaid by running nodes and crafting unnecessary code; instead, they can focus on enhancing the user experience, utility, user flow, and community-building. Meanwhile, Swing will be there in the background to oversee the liquidity and cross-chain data provision.
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