\n\n\n<\/p>\n
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Discover the power of cross-chain DeFi in this article!<\/em><\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n DeFi\u2019s TVL is nearly $48 billion<\/em><\/strong> at the time of writing, according to DefiLlama<\/a>. This is a sharp drop from the year\u2019s outset, where it stood at $166.7 billion. Yes, DeFi lost 76% of TVL in dollar terms in 2022, but still, decentralized exchanges executed $854 billion in trading volume<\/em><\/strong> in 2022, and this came from 5,687,713 unique trading addresses <\/em><\/strong>(Source: <\/em>https:\/\/dune.com\/hagaetc\/dex-metrics<\/em><\/a>).<\/em> Data from Dune Analytics shows that the total number of DeFi users has steadily increased throughout 2022.<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n DeFi\u2019s growth shows no sign of slowing down. Despite market conditions, unique DeFi users have risen by 40% in 2022<\/em><\/strong>: from 4.7 million at the start of 2022, to almost 6 million<\/a>, while the number of unique DeFi users has increased by nearly 600% over a two-year period, with just 940,000 users at the start of 2021.<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n Obviously, DeFi is already the choice for most crypto traders. In fact, as we see in the case of DEXs vs. CEXs, decentralized cryptocurrency protocols have at times overtaken centralized services<\/em><\/strong> in on-chain transaction volume.<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n So, no wonder new DEXs keep appearing on the market. There are hundreds of DEX Protocols (665, according to DeFiLlama)<\/a>, and the main question is: Why do only a few of them have Cross-Chain interoperability when there\u2019re already 164 chains?<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n Among all the commonly known reasons, such as anonymity and security, another reason trading volume has shifted from centralized exchanges to DEXs could be the latter\u2019s greater number of assets on offer. It leads to another step in DEX Protocols\u2019 development\u200a\u2014\u200aallowing these assets to be transferred between different blockchains. There are several evident advantages for users when a DEX goes Cross-Chain:<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n <\/p>\n \n\n<\/p>\n \n\n<\/p>\n \n\n<\/p>\n<\/ul>\n \n\n\n<\/p>\n \n\n\n<\/p>\n When the possibility of transferring tokens between different blockchains opens up for users, it leads to more advantages for the DEX itself:<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n <\/p>\n \n\n<\/p>\n \n\n<\/p>\n \n\n<\/p>\n \n\n<\/p>\n \n\n<\/p>\n \n\n<\/p>\n \n\n<\/p>\n<\/ul>\n \n\n\n<\/p>\n \n\n\n<\/p>\n Thus, it makes sense to make dApps Cross-Chain, as it\u2019s already a must-have. Gaining cross-chain interoperability is an inevitable requirement if your project wants to be an indispensable part of Web3.<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n Cross-chain DeFi, or decentralized finance, operates by connecting and facilitating financial transactions and activities across multiple blockchain networks. This interoperability allows users to access a broader range of assets, liquidity, and services, transcending the limitations of a single blockchain.<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n In cross-chain DeFi, smart contracts and protocols are designed to operate seamlessly across different blockchains. This is achieved through the use of specialized technologies and standards that enable communication and asset transfers between disparate blockchain ecosystems.<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n <\/p>\n \n\n<\/p>\n \n\n<\/p>\n \n\n<\/p>\n \n\n<\/p>\n \n\n<\/p>\n<\/ol>\n \n\n\n<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n <\/p>\n \n\n<\/p>\n \n\n<\/p>\n \n\n<\/p>\n \n\n<\/p>\n \n\n<\/p>\n<\/ol>\n \n\n\n<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n In traditional DeFi, activities are confined to a single blockchain, limiting users to the assets and services available on that particular network. Cross-chain DeFi, on the other hand, expands these possibilities by connecting different blockchains.<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n While traditional DeFi platforms offer simplicity and familiarity, cross-chain DeFi provides enhanced flexibility and access to a more extensive range of assets. Users can choose between these approaches based on their specific needs and preferences in the decentralized financial landscape.<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n To figure out the difference between Multi-Chain and Cross-Chain Protocols, let us compare two top DEX market players: SushiSwap and Uniswap.<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n Uniswap<\/em><\/strong><\/a> is based on several blockchains (Ethereum, Polygon, Optimism, Arbitrum, Celo) and is considered to be a Multi-Chain Solution, <\/em><\/strong>as its liquidity is spread across chains. Basically, these are copies of Uniswap on different blockchains.<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n SushiSwap<\/em><\/strong><\/a>\u2019s Cross-Chain architecture<\/em><\/strong> allows assets to flow between unrelated blockchains, with the help of smart contracts.<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n Let us sum up the pros and cons of Multi-Chain and Cross-Chain solutions:<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n So is there an easy way to make a DEX Cross-Chain?<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n You can have a look at different cross-chain solutions which exist on the market right now in one of our latest articles: Rubic: A Cross-Chain Tech Aggregator for the Interoperable Future of Web3<\/a>.<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n It may sound blatant, but Rubic Cross-Chain Tools<\/a> are amongst the most convenient ways to go Cross-Chain for dApps. This is not only because Rubic is an aggregator of over 220+ bridges and DEXs, but also because of the quality and convenience of our Widget and SDK, which has already been battle-tested by over 130 crypto projects.<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n We provide an easy-to-install Widget<\/a> for those who want to start their Cross-Chain journey right away, and an exquisite SDK<\/a> for platforms who instead want a customized Cross-Chain solution adapted to their interface.<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n Now, it\u2019s time to dive into the details of each tool and how it can help DEXs to go Cross-Chain.<\/em><\/strong><\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n Let\u2019s recall what the general advantages are of getting Cross-Chain interoperability for a DEX. As we\u2019ve said before, along with building connections between blockchains, when DEXs support Cross-Chain interoperability, it can receive easier user onboarding<\/em><\/strong> and <\/em>extra trading volume + revenue<\/em><\/strong>.<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n However, our solutions offer even more features to our integrators:<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n <\/p>\n \n\n<\/p>\n<\/ul>\n \n\n\n<\/p>\n \n\n\n<\/p>\n Due to the aggregation of over 220+ DEXs and bridges, over 15,500 tokens are available across 70+ blockchains in one click, directly on your platform. The average transaction takes around 90 seconds.<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n <\/p>\n \n\n<\/p>\n<\/ul>\n \n\n\n<\/p>\n \n\n\n<\/p>\n Even if your own DEX runs out of liquidity, due to the aggregation of DEXs and bridges within our app, Rubic will always provide you with liquid assets.<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n <\/p>\n \n\n<\/p>\n<\/ul>\n \n\n\n<\/p>\n \n\n\n<\/p>\n With Rubic\u2019s Cross-Chain Tools, you get the best deals across 220+ DEXs & bridges<\/a> integrated into Rubic.exchange<\/a>. Aggregation allows the algorithm to find the best deal on the market for cross-chain and on-chain swaps. The algorithm used at Rubic splits and manages transactions as needed, to save on gas and fees as much as possible. Quick and effective pathfinding was built based on the architecture uniting and matching real-time data. Thus, the best DEX, bridge, transaction time, gas fee, and other parameters are chosen.<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n <\/p>\n \n\n<\/p>\n<\/ul>\n \n\n\n<\/p>\n \n\n\n<\/p>\n You can turn your business into a cross-chain ecosystem hassle-free by integrating Rubic\u2019s Widget via our user-friendly configurator<\/a>, in just 10 minutes. Alternatively, you can spend more time integrating Rubic\u2019s SDK<\/a>, implementing a fully customized solution. Rubic\u2019s team<\/a> is going to assist you before, during, and after integration.<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n <\/p>\n \n\n<\/p>\n<\/ul>\n \n\n\n<\/p>\n \n\n\n<\/p>\n As a white-label solution, Rubic\u2019s SDK can be easily implemented into your project\u2019s environment by letting you write your own logic in the code regarding how users will go through each step when making a swap, giving you full control over your UI. You can fully customize Rubic\u2019s SDK to your platform so that no one will ever notice it\u2019s an integration.<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n Rubic\u2019s Widget, with its minimalistic and classic design, will be a great fit for any project\u2019s existing interface. The UX is clear and friendly to the extent that any crypto novice will understand how to make a cross-chain or on-chain swap.<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n <\/p>\n \n\n<\/p>\n<\/ul>\n \n\n\n<\/p>\n \n\n\n<\/p>\n Rubic\u2019s Cross-Chain Tools continue operating even if a bridge gets hacked, routing transactions through other bridges.<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n Rubic\u2019s Widget and SDK are streamlined on all levels, in terms of caching and security: transactions are auto-monitored, and the auto-refund function is fully set up. Rubic\u2019s technical support is also, of course, ready to assist you 24\/7.<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n <\/p>\n \n\n<\/p>\n<\/ul>\n \n\n\n<\/p>\n \n\n\n<\/p>\n Up to 50% of the fees coming from trades via Rubic\u2019s SDK\/Widget go straight to your business. Besides the fees taken by Rubic, you may choose preferable additional trading fees that will be charged by your platform via Rubic\u2019s Widget\/SDK.<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n <\/p>\n \n\n<\/p>\n<\/ul>\n \n\n\n<\/p>\n \n\n\n<\/p>\n With Rubic\u2019s SDK, users will be able to buy the desired tokens right on your website, regardless of the blockchain they use. They won\u2019t need to go to a bridge or any other external providers to swap assets at an unfavorable rate\u200a\u2014\u200athey simply go to your website and make the best deal in one place. Thus, you will retain users and increase your trading volume.<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n Useful tip: <\/em><\/strong>If your DEX is already Multi-Chain, you can implement Rubic\u2019s Cross-Chain solution, integrating only your own DEX for Cross-Chain Swaps, limiting the integration of other DEXs supported by our tools. In this case, you won\u2019t share trading volume with other DEXs!<\/em><\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n Over 130 projects have already become Cross-Chain with Rubic\u2019s tools. For now, we will discuss one DEX in particular.<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n Rubic Tools helped Kishu Inu revamp the already existing Kishu Swap Protocol, turning it into Kishu Swap X\u200a\u2014\u200aan all-in-one cross-chain trading platform, where users can simply swap tokens from one chain to another, in just a few clicks. How did Kishu Inu manage to boost their DEX using Rubic tools, and what did it mean for Kishu Inu users?<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n Kishu Inu implemented Rubic\u2019s SDK into their platform in December 2022. Currently, it\u2019s known as Kishu Swap X.<\/em><\/strong><\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n Kishu Swap X is the official DEX of the Kishu Inu community. Kishu Swap X offers users an all-in-one solution for a smoother trading experience:<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n <\/p>\n \n\n<\/p>\n \n\n<\/p>\n \n\n<\/p>\n \n\n<\/p>\n \n\n<\/p>\n<\/ul>\n \n\n\n<\/p>\n \n\n\n<\/p>\n Kishu Inu DEX is supported by its native $KISHU token, which you can always get on Kishu Swap X<\/a> (check our article about Rubic tools for tokenholders<\/a>).<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n Kishu Inu has customized their UI and UX to the fullest. If you take a peek at what Kishu Inu DEX\u2019s trading interface looks like, you will not see any connection to Rubic\u2019s design: Rubic\u2019s SDK UI entirely fits the platform\u2019s native design and concept.<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n With simple architecture, Rubic\u2019s SDK allows customizing the UX as well. What path can users take on Kishu Inu?<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n <\/p>\n \n\n<\/p>\n<\/ol>\n \n\n\n<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n 2. Next, the user chooses a token that they want to purchase. For user convenience, $KISHU is a default \u201cTo\u201d token, but you can change it to other assets as well.<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n 3. Then, the number of tokens needs to be typed in. The algorithm will automatically show the final amount in other tokens that the user will receive.<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n 4. The user clicks \u201cSwap\u201d and approves the transaction on MetaMask.<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n 5. The swap is done!<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n Rubic\u2019s SDK allows for massive customization of a project\u2019s UX. In fact, projects can build the UX on their website with Rubic\u2019s SDK however they wish.<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n Kishu Inu about the integration of Rubic\u2019s SDK:<\/strong><\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n \u201cDriven by our fundamental values, current market conditions, and recent events\u200a\u2014\u200awe are proud to announce that in collaboration with Rubic and their masterminds behind the technology, we have revamped one of our oldest products, our Kishu Swap.<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n The fully new Kishu Swap X is our way of saying\u200a\u2014\u200awe are here for the community\u2019s convenience, safety, and pleasure in participating in the crypto space\u200a\u2014\u200aand that is exactly our future goal.\u201d<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n You can read more about Kishu Inu Swap X here<\/a>.<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n At Rubic, it is our goal to assist other projects in opening new horizons in the cross-chain Web3 era. Our technologies are not limited just to DEXs, and can be applied to a launchpad, Web3 game, wallet, and more.<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n Rubic\u2019s SDK is a way to interact with more than 220 DEXs and bridges while performing on-chain and cross-chain swaps in the most user-friendly and secure way. Blockchain technology is on the verge of becoming interoperable and omnichain, and we, Rubicans, want to make sure the world gets to experience them!<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n Rubic Cross-Chain Tools are built on the basis of Rubic\u2019s Cross-Chain frontend, and all the details on integration can be found in Rubic\u2019s documentation<\/a>.<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n <\/p>\n \n\n<\/p>\n \n\n<\/p>\n \n\n<\/p>\n \n\n<\/p>\n \n\n<\/p>\n<\/ol>\n \n\n\n<\/p>\n \n\n\n<\/p>\n Try on-chain & cross-chain swaps today, at app.rubic.exchange<\/a>.<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n Contact one of our Business Developers<\/a> for more details!<\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n Our social media channels:<\/strong><\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n Twitter<\/a> | TikTok<\/a> | Telegram<\/a> | Medium<\/a><\/p>\n \n\n\n<\/p>\n \n\n\n<\/p>\n Discord<\/a> | YouTube<\/a> | Facebook<\/a> | Reddit<\/a><\/p>\n \n\n\n<\/p>\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" 2022 was a challenging year for crypto, but amidst all the events of the past year, DeFi projects not only held on tight, but gained more strength and trust from crypto traders. Meanwhile, CeFi unexpectedly got a reputation as an unreliable and risky area, as we remember the Celsius crypto meltdown, FTX, Three Arrows Capital, […]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_vp_format_video_url":"","_vp_image_focal_point":[],"footnotes":""},"categories":[6],"tags":[],"class_list":["post-126","post","type-post","status-publish","format-standard","hentry","category-about-rubic"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/rubic.exchange\/blog\/wp-json\/wp\/v2\/posts\/126","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rubic.exchange\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rubic.exchange\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rubic.exchange\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/rubic.exchange\/blog\/wp-json\/wp\/v2\/comments?post=126"}],"version-history":[{"count":7,"href":"https:\/\/rubic.exchange\/blog\/wp-json\/wp\/v2\/posts\/126\/revisions"}],"predecessor-version":[{"id":1426,"href":"https:\/\/rubic.exchange\/blog\/wp-json\/wp\/v2\/posts\/126\/revisions\/1426"}],"wp:attachment":[{"href":"https:\/\/rubic.exchange\/blog\/wp-json\/wp\/v2\/media?parent=126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rubic.exchange\/blog\/wp-json\/wp\/v2\/categories?post=126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rubic.exchange\/blog\/wp-json\/wp\/v2\/tags?post=126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<\/figure>\n
The Vital Role of Cross-Chain Interoperability in DeFi<\/h2>\n
Cross-Chain DeFi by the Numbers: Trends and Statistics<\/strong><\/h3>\n
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How Does Cross-Chain DeFi Work?<\/h2>\n
Benefits of Cross-Chain DeFi<\/h2>\n
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Types of Cross-Chain DeFi: Interoperability Mechanisms<\/h2>\n
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Comparing Cross-Chain and Traditional DeFi: A Closer Look<\/h2>\n
Cross-Chain vs. Multi-Chain Explained<\/h2>\n
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Assessing the Safety of Cross-Chain Interoperability: Risks and Precautions<\/h3>\n
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Kishu Inu: Implementing Cross-Chain Features in Your DeFi Project<\/h3>\n
What is Kishu Swap X?<\/h3>\n
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Rubic\u2019s Cross-Chain Solutions: A Gateway to Blockchain Interoperability for DEXs<\/h2>\n
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