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Cryptocurrency News Articles
Portal DEX Unlocks Core Chain's Liquidity and Interoperability Revolution
Mar 28, 2024 at 01:30 am
Core Chain and Portal DEX join forces to integrate $CORE and other Core assets into the Portal DEX Network. This partnership unlocks unprecedented liquidity and one-click cross-chain trading for Core Chain assets without the risks associated with bridges and centralized exchanges.
Unlocking Core Chain's Potential: The Gateway to Enhanced Liquidity and Accessibility via Portal DEX
Are Core Assets Ready for the Interoperability Revolution?
The integration of Core Chain's diverse asset portfolio into the Portal DEX Network marks a pivotal moment, bridging the gap between Core's burgeoning ecosystem and the broader crypto landscape. This seamless connection unlocks unprecedented liquidity and accessibility, propelling Core's evolution as a formidable force in decentralized finance.
Crossing the Divide: Empowering Core with Decentralized Swaps
Prior to this integration, Core assets languished in isolation, confined to centralized exchanges or Core-native DEXs with limited cross-chain capabilities. Now, the $CORE token, fungible Core assets, Core-bridged tokens, and the innovative $coreBTC emerge from their silos, ready to be swapped instantaneously against a vast array of assets on other chains.
A Milestone in DeFi: Expanding Core's Reach
"This integration is a testament to our unwavering commitment to enhancing liquidity and interoperability within the DeFi ecosystem," proclaims Chandra Duggirala, CEO and Co-Founder of Portal. "By bridging the divide between Core Chain's assets and the broader crypto market, we're not only unlocking the full potential of $CORE and related assets but also empowering users with unprecedented freedom in managing their digital portfolios."
Core Infrastructure Embraces Portal's Power
Core Chain's infrastructure and applications will harness the capabilities of Portal's Swap SDK, joining a global network of partners offering integrated, one-click, cross-chain transactions for a comprehensive range of Core protocol assets and $coreBTC. This functionality extends beyond the Core community, seamlessly integrating with wallets, bridges, and protocols that leverage Portal's Swaps SDK, providing their users with effortless access to the Core ecosystem.
Seamless Entry: Opening Doors for Core Adoption
"We're thrilled to enable the seamless acquisition of Core-based tokens, even for users who don't hold $CORE or $coreBTC," enthuses Brendon Sedo, an initial contributor to Core DAO. "The integration with Portal empowers users to purchase these assets directly using Ethereum, USDT, or other popular cryptocurrencies, eliminating the need for complex bridging or centralized exchange transactions. This one-click, permissionless access will undoubtedly accelerate Core's adoption."
About Portal: The Power of Financial Self-Sovereignty
Portal, the brainchild of seasoned Bitcoin and AI engineers, is a staunch advocate for financial self-sovereignty. The Portal Cross-Chain DEX Network is meticulously engineered to rival the speed, liquidity, and user experience of centralized exchanges, all while eliminating the inherent custody risks associated with bridges and CEXs. Portal's mission is backed by a roster of prominent investors, including Coinbase Ventures, Arrington Capital, OKX Ventures, and Gate.io.
About Core: The Bitcoin-Powered EVM Ecosystem
Core Chain is a trailblazing layer one blockchain fueled by Bitcoin's hash power, enabling EVM-compatible smart contracts. With 50% of Bitcoin mining hash power bolstering Core Chain's security, it emerges as the most Bitcoin-aligned EVM chain, unlocking a plethora of innovative applications, including BTC staking, BTCfi, and beyond. This visionary approach has garnered a massive community, boasting 2.2 million Twitter followers, 250,000 Discord members, and millions of CORE holders. Since its mainnet launch in January 2023, Core has processed over 230 million transactions, showcasing its remarkable adoption and traction.
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