#How is Robinhood Chain Changing Cross-Chain Trading?
Robinhood Chain has completed its first week live, and the excitement is palpable as aggregators quickly seek to connect with it. Velvet Capital, a notable player in the DeFi space, has rolled out support for Robinhood Chain through its trading terminal, VelvetX, starting July 7. This integration allows for seamless cross-chain swaps in a single transaction, eliminating the need for tedious manual bridging.
The capability to migrate assets directly onto Robinhood’s Layer 2 solution, based on Arbitrum, is significant. Many traders are all too familiar with the anxiety that comes from waiting for tokens to transfer across a network. VelvetX alleviates this stress by providing a straightforward, multi-chain route without the convoluted processes that often accompany cross-chain transfers.
#What Does VelvetX Offer?
VelvetX serves as an AI-enhanced trading terminal that unifies spot trading, perpetual contracts, and yield strategies across various chains. This design caters to DeFi traders who prefer not to juggle multiple browser tabs.
The efficiency of cross-chain routing is made possible by the 0x protocol, which functions as the foundational swap and liquidity infrastructure for Robinhood Chain. In simpler terms, 0x streamlines the trade process, ensuring users can access the best prices and easily execute trades across different blockchains without any manual navigation between networks.
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#Who is Behind Velvet Capital?
Velvet Capital enjoys backing from well-regarded investors, including YZi Labs and DWF Labs. Their native token, VELVET, currently has a circulating supply of about 421 million tokens, in contrast to its total supply cap of 1 billion.
#What’s Next for Robinhood Chain?
Having launched its public mainnet on July 1, Robinhood Chain’s initial offering goes beyond simple asset swaps. It is designed to provide stock tokens accessible in over 120 countries. The platform also embraces a range of DeFi applications, including innovative lending solutions through Morpho. Investors and traders alike should keep an eye on Robinhood Chain as it continues to evolve, promising to reshape the landscape of cross-chain trading and digital asset accessibility.