RAI Finance, a cross-chain trading protocol, is integrating with Avalanche to expand the cross-chain trading capabilities of its platform. The integration, which is expected to be completed in Q2 2021 will enable its users to access assets on Avalanche through the connection of cross-chain asset bridges and Substrate parallel chains.
RAI will also provide developers building on Avalanche more flexibility and infrastructure for applications that require assets to move across other public blockchain networks like Polkadot.
“Avalanche has achieved remarkable success in ecosystem development and community growth, and the release of the two-way bridge on Ethereum has given us more imagination about Avalanche bearing large-scale DeFi asset transferring,” says Keonho Lee, CEO of RAI Finance.
Smart contract activity on the platform has boomed since the launch of the Avalanche-Ethereum Bridge (AEB) on February 8. In that time, smart contract transactions have increased by 1,939% to over 1,108,000, and unique wallets increased by 2,787 % to over 62,000.
“Decentralized Finance is rapidly growing, and RAI Finance’s cross-chain trading protocol will improve asset fluidity across all ecosystems it supports, including Avalanche and Polkadot. We are excited to integrate with Avalanche, making our products and services even better for users, and accelerating the development of innovation across Decentralized Finance,” continued Lee.