DODOchain Revolutionizes Cross-Chain Trading with Omni-Trading Layer 3

DODOchain, a novel Layer 3 blockchain powered by EigenLayer, AltLayer, and Arbitrum Orbit, has launched its testnet. As the first Layer 3 solution, it aims to bridge Bitcoin and Ethereum's Layer 2 seamlessly, aggregating liquidity from various chains. DODOchain features omni-chain liquidity outposts, a connector between BTC L2 and ETH L2, native restaking yields, and partnerships with Arbitrum Orbit, Eigenlayer, and AltLayer to enhance scalability, security, and cross-chain interoperability. The launch of DODOchain addresses the challenges of fragmented liquidity, high multichain operating costs, and cross-chain security concerns, enabling the free flow of assets and efficient trading across multiple blockchains.

DODOchain: Revolutionizing Cross-Chain Trading with Omni-Trading Layer 3

Introduction

DODOchain, the Innovative Omni-Trading Layer 3 Solution

DODOchain, the groundbreaking Omni-Trading Layer 3 solution from the DODO team, has officially been launched. Powered by EigenLayer, AltLayer, and Arbitrum Orbit, this Layer 3 network bridges Bitcoin and Ethereum's Layer 2 seamlessly, integrating liquidity from multiple chains for enhanced trading opportunities and profitability.

The Genesis of DODOchain

DODO's inception in August 2020 marked the introduction of its innovative Proactive Market Maker (PMM) algorithm, which introduced a targeted liquidity solution centered around the oracle price. This concept revolutionized the trading landscape, delivering superior exchange rates and significantly enhancing the capital efficiency of mainstream assets. DODO V2, released in February 2021, further expanded the platform's capabilities with three distinct liquidity pools tailored to mainstream assets, stablecoins, and altcoins, catering to diverse user groups, including traders and professional market makers.

Subsequent developments added advanced features to the DODO ecosystem, including Launchpad, Token Creator, Trading Widgets, Crosschain Swap Aggregator, Limit Orders, and Swap Aggregator DODOX. Today, DODO boasts a global presence, deployed on 14 blockchains' mainnets, with over 24 million transactions, 3.31 million users, and a remarkable total trading volume exceeding $141 billion.

The Catalyst for Change: Overcoming Layer 2 Challenges

The DODO team has dedicated the past three years to developing groundbreaking products that provide users with unparalleled trading prices and liquidity solutions. The team envisions a future blockchain landscape where multiple chains coexist, each with its unique Layer 2 solutions, catering to specific market demands and use cases.

However, current Layer 2 solutions face various challenges, including fragmented liquidity, high multichain operating costs, security concerns associated with cross-chain bridges, and the difficulty of interfacing with diverse blockchains. The growing volume of non-EVM assets further necessitates enhanced cross-chain functionality.

The DODOchain Advantage: A Paradigm Shift

The DODO team firmly believes that the existing multi-chain DApp ecosystem requires a fundamental transformation. To facilitate the seamless flow of assets, it is imperative to eliminate the barriers between EVM and non-EVM ecosystems, considering that various assets are issued on hundreds of different chains. To achieve this interconnection, the team presents an innovative solution: DODOchain.

By aggregating and optimizing liquidity on the DODOchain, it becomes possible to achieve frictionless asset exchange, dramatically improved asset issuance efficiency, and unparalleled trading convenience across multiple chains.

DODOchain's Comprehensive Offerings

DODOchain offers a suite of services and products to enhance the omni-trading experience:

• Omni-chain Liquidity Outposts: Omni Trade, Omni Liquidity, and Omni Mining are among the services available to users on DODOchain.
• Connector between BTC L2 and ETH L2: DODOchain seamlessly connects BTC L2 and ETH L2, including non-EVM chains, attracting new users and assets to the platform.
• Native Reststaking Yield: DODOchain is designed to provide native staking yields for its assets, incentivizing users to contribute to the network's security and stability.

DODOchain's Strategic Partnerships: Synergy and Innovation

DODOchain has forged crucial partnerships to bolster its technological capabilities and expand its ecosystem:

• Arbitrum Orbit: Arbitrum Orbit empowers DODOchain with a robust platform for creating Layer 2 and Layer 3 chains. By integrating customizable features into the Arbitrum technology stack, it enhances DODOchain's scalability, efficiency, and user-friendliness while preserving the security guarantees of the Ethereum ecosystem.
• Eigenlayer: Eigenlayer is a fundamental component of DODOchain, particularly its EigenDA module, which specializes in data availability (DA) throughput. EigenDA enables DODOchain to leverage Ethereum's robust security and consensus mechanisms, seamlessly integrating with other EigenLayer modules. As one of the first Actively Validated Services (AVSs) in the Eigenlayer ecosystem, DODOchain will also function as a restaked rollup.
• AltLayer: DODOchain has embraced AltLayer's advanced restaked rollups architecture, leveraging EigenLayer's powerful restaking mechanism. This approach enhances decentralization and network security while facilitating rapid deployment and cross-chain interoperability, offering users a more streamlined and integrated blockchain experience.

The DODOchain Testnet: A Gateway to Innovation

The DODOchain Testnet is now live, providing a platform for developers and users to experience, test, and develop the next-generation omni-trading ecosystem. Visit dodochain.com to explore the Testnet and witness the transformative power of DODOchain firsthand.

Conclusion

DODOchain represents a revolutionary approach to cross-chain trading and liquidity sharing, seamlessly connecting multiple blockchain networks. With its innovative Layer 3 architecture and strategic partnerships, DODOchain empowers users to freely issue, trade, and manage their assets across various blockchains without limitations or permissions. The launch of the DODOchain Testnet marks an exciting chapter in the evolution of blockchain technology, unlocking unprecedented opportunities for decentralized finance and cross-chain collaboration.