Hashflow, a decentralized exchange (DEX) that connects traders with professional market makers, has launched its 2.0 iteration, introducing new features and enhancements to its platform. The update includes support for Solana, one of the fastest and most scalable blockchain networks, and DEX aggregation, which allows traders to access the best prices and liquidity across multiple DEXes.
Hashflow 2.0 is HERE 🖤🤍
Smart Order Routing, Cross-Chain, Solana, oh my! Hashflow 2.0 is making it happen.
Want to know more? Look below 👇🧵
— hashflow (@hashflow) December 5, 2023
Hashflow 2.0 leverages its unique Request-for-Quote (RFQ) technology, which fetches quotes from market makers who manage the liquidity pools on the platform. Unlike automated market makers (AMMs), which rely on fixed formulas and incur high slippage and gas fees, RFQ-based trading offers lower costs, faster execution, and protection from front-running and sandwich attacks.
With the new Smart Order Routing (SOR) feature, Hashflow 2.0 can also source quotes from third-party DEXes such as Uniswap, Curve, Sushi, and Balancer, and execute transactions using the best available option. This gives traders access to more than $8B worth of liquidity and the best rates in decentralized trading.
Hasflow 2.0 Integrates Solana
Another major innovation of Hashflow 2.0 is the integration of Solana, a high-performance blockchain that can process over 50,000 transactions per second with sub-second finality and low fees. Hashflow 2.0 is the first DEX to offer cross-chain trading between Ethereum and Solana without relying on external bridges or intermediaries. This enables traders to seamlessly swap blue-chip assets such as USDC, USDT, ETH, and BTC across the two chains.
Varun Kumar, Hashflow’s co-founder and CEO, said that the 2.0 launch marks a significant milestone for the platform and the DeFi ecosystem. “With this core update, we provide traders access to the deepest liquidity and best rates in decentralized trading,” he said. “We are also excited to bring Solana to our platform and offer a truly cross-chain trading experience.”
Hashflow 2.0 is now live on the Ethereum mainnet and will soon be deployed to Solana and Ethereum L2s Arbitrum, Optimism, and Polygon. The platform has settled more than $17.6B worth of trades since its April 2021 launch and has over 80,000 users. Hashflow aims to become the leading DEX for sophisticated traders who demand speed, efficiency, and security.