DODOchain introduces omni-trading layer3 blockchain powered by Arbitrum and Altlayer

2024-04-23 10:44:04 ET

DODOchain

, a new omni-trading layer3 blockchain, has been launched by the

DODO

team, promising a solution for consolidating liquidity from various blockchain layers into a single platform.

This innovative technology, powered by

Arbitrum Orbit

,

EigenLayer

, and

AltLayer

, bridges layer2 networks of Bitcoin and Ethereum, aiming to enhance the efficiency of asset trading and management across multiple chains.

What’s the purpose behind DODOchain?

Launched initially in August 2020 with its Proactive Market Maker algorithm, DODO has consistently aimed at improving trading experiences by introducing better capital efficiency and more favourable exchange rates.

Its evolution led to the introduction of DODO V2 in February 2021, which offered diverse liquidity pools for different assets and user groups.

DODOchain is designed to address challenges such as fragmented liquidity and the complexity of interacting across different blockchain systems, which are prevalent in current layer2 solutions.

By facilitating seamless asset exchange and improved trading efficiency across chains, DODOchain proposes a fundamental transformation of the multi-chain DApp ecosystem.

How will DODOchain help?

At the heart of DODOchain’s development is the vision to create a customizable layer that supports the unique needs of different blockchain applications, enhancing interoperability and reducing operational costs.

It is structured to serve as a comprehensive layer3 chain, enabling fast transaction execution, minimal gas fees, and higher stable returns through enhanced transaction throughput.

What are the key features?

DODOchain will include features such as omni-chain liquidity outposts, connectors for BTC L2 and ETH L2, and native restaking yield options, ensuring a versatile trading platform. It is also one of the first to integrate with Arbitrum Orbit, benefiting from its flexibility and scalability while adhering to the security protocols of the Ethereum network.

Partners like EigenLayer and AltLayer provide crucial technological support, enabling DODOchain to leverage Ethereum’s consensus and security features, and to offer a restaked rollup as part of the new Actively Validated Services in the Eigenlayer ecosystem.

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DODOchain introduces omni-trading layer3 blockchain powered by Arbitrum and Altlayer

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