Celestial Swap: AscendEX Fuses with Conflux's EVM Odyssey
Decentralized Finance platform AscendEX teams up with Conflux Network to expand Web3 opportunities, offering a broader scope for users in the decentralized sector.
Step into the exciting realm of blockchain collaborations as AscendEX, a prominent crypto exchange, joins forces with Conflux Network, a cutting-edge L1 protocol.
AscendEX offers a plethora of services, including wallet services, derivatives, leveraged trading, spot trading, and support for multiple protocols' staking. On the flip side, Conflux showcases the magic of merging POS (proof-of-stake) and POW (proof-of-work) consensus algorithms, delivering lightning-fast processing speed, pocket-friendly gas fees, and bulletproof security. A beacon of regulatory compliance, Conflux stands tall as China's top public blockchain network.
Cosmic Merge: AscendEX Into Conflux's EVM
At the heart of this alliance lies a mission to foster a mutually beneficial relationship. AscendEX will launch a plethora of Conflux-centric tokens on its decentralized trading platform, offering advanced trading pairs with Conflux's native token, CFX. This collaboration also means that AscendEX will integrate Conflux's EVM interoperability, empowering users to effortlessly interact with DApps running on top of the Conflux chain. Moreover, this integration will smooth wallet connections and other services enabling users to swap coins between Conflux swiftly.
AscendEX's staking offerings will grant CFX staking opportunities, enabling users to fortify Conflux's platform's security and reap rewards. Last but not least, AscendEX will employ Conflux's 'ShutterFlow' multi-cross bridge to make asset movement between various blockchains a breeze, thus improving user experience and liquidity on the exchange.
Demystifying DeFi with Decentralized Applications
This liaison between AscendEX and Conflux is a significant leap forward for DeFi's expansion.
This partnership forms part of Conflux's strategic plan to weave together eastern and western markets. The convergence of Conflux's legal prowess as a public blockchain in China and AscendEX's international clout can serve as a catalyst for linking DeFi economies across Asia and the world, ultimately hastening broader Web3 adoption.
Moreover, Conflux's Tree-Graph consensus algorithm targets common blockchain hurdles of scalability and sky-high gas fees. By partnering with Conflux, AscendEX promises its users more budget-friendly and speedy transactions, a vital drop in the ocean for mass Web3 adoption.
Last but certainly not least, by entering into Conflux's ecosystem, AscendEX grants its users access to novel and advanced DApps and DeFi protocols, thereby broadening the menu for its users and contributing to the escalating surge of the DeFi sphere.
Insights:
- The merge of AscendEX and Conflux's EVM can pave the way for a smoother transition between different DeFi platforms, enhancing the ability of users to manage assets and execute smart contracts efficiently across ecosystems.
- Conflux's high scalability can help alleviate congestion, thereby improving transaction speeds and making it more appealing for users to engage in DeFi activities.
- The EVM integration ensures better security for DeFi applications built on Conflux, as it leverages robust security features, such as smart contract security standards, to safeguard users' assets.
- The integration can facilitate access to a wider range of DeFi applications and tools, given that EVM compatibility allows for easier porting of existing Ethereum-based applications to the Conflux network.
- By linking with Conflux's EVM, AscendEX can help expand the DeFi ecosystem, drawing more users and developers into the realm of DeFi projects.
- The integration can drive innovation by enabling the creation of new DeFi products and services that leverage both AscendEX and Conflux's unique features, potentially accelerating the adoption of DeFi technologies.
- The presence of multiple compatible ecosystems can spur the competition required for improvements in efficiency, security, and usability across the DeFi landscape.
- By backing EVM-compatible chains like Conflux, AscendEX can empower global accessibility to DeFi services, helping to erase geographical barriers and boost participation in the DeFi sector.
- AscendEX, now aligned with Conflux Network, introduces Conflux-centric tokens on its decentralized trading platform, offering users advanced trading pairs with CFX.
- The partnership between AscendEX and Conflux allows for the integration of Conflux's EVM interoperability, enabling users to interact seamlessly with DApps running on the Conflux chain.
- Wallet connections and other services, such as coin swapping, will be streamlined due to this integration, boosting user experience.
- AscendEX's staking offerings will provide opportunities for users to stake CFX, securing Conflux's platform and earning rewards.
- AscendEX uses Conflux's 'ShutterFlow' multi-cross bridge to facilitate asset movement between various blockchains, enhancing user experience and liquidity on the exchange.
- This alliance between AscendEX and Conflux can help unite DeFi economies across Asia and globally, fostering broader Web3 adoption.
- The Tree-Graph consensus algorithm employed by Conflux addresses typical blockchain challenges, such as scalability and high gas fees, ensuring budget-friendly and speedy transactions for AscendEX users.
- By incorporating Conflux's EVM, AscendEX offers users access to innovative DApps and DeFi protocols, expanding options for its users and contributing to the growing DeFi sphere.
