Celer Network, a blockchain interoperability protocol that aims to simplify the way user can access the blockchain and its products and reduce it all to a single click, has recently announced a brand new partnership with a company called ChainHop.
🤩We are excited to see more projects utilizing the Celer IM Framework and are proud to announce our partnership with @ChainHopDEX! 🙌
🌈They are using Celer IM to enable one-click cross-chain swapping while connecting to liquidity across 7 different chains for their users! https://t.co/FOY1F4gUDr
— CelerNetwork (@CelerNetwork) September 20, 2022
Celer and ChainHop team up
In Celer’s announcement, the company is excited to see more projects utilizing the Celer IM Framework, and that is exactly what ChainHop — a one-click, cross-chain swap service — aims to do. The project is already using Celer IM to enable said one-click cross-chain swaps, and at the same time, it is connecting to liquidity across 7 different chains in order to offer the best possible service to its users.
ChainHop shared its own announcement regarding the partnership, noting that it has been building on the Celer IM Framework right from the start. However, the company is still more than excited to finally make things official and enter a real partnership with Celer Network. After all, it is thanks to Celer’s technology that its one-click swaps are possible, and the liquidity that the project enjoys comes directly from Celer’s own product, the cBridge.
From the start we have built on top of the @CelerNetwork IM Framework and we’re happy to now announce our official partnership with them🤝
✅Celer-enabled one-click swap UX
✅cBridge liquidity for all chains ChainHop supports👇Learn more: https://t.co/hHLhIleVqS
— ChainHop (@ChainHopDEX) September 20, 2022
As Celer noted, the ChainHop project has been drawing liquidity form the biggest DEXes in crypto industry coming from 7 different blockchains. That includes Ethereum, Polygon, BNB Chain, Fantom, Optimism, Avalanche, and Arbitrum.
Celer’s innovative UX frees users from having to go through the usual multiple interactions that would otherwise be needed with a regular cross-chain DEX aggregator. More than that, the project will not have to go through the possession of the gas tokens of the chains it uses in order to enable cross-chain swaps in the first place.
In other words, Celer’s technology definitely simplifies things for its partners, as well s their users.
A big step in the right direction for ChainHop
Speaking of the impact on users, ChainHop will now be able to route through liquidity on cBridge, which means that users will be able to perform cross-chain transactions with fast finality speeds and extremely low fees. Of course, that can only be done when and where cBridge liquidity is available, but since Celer enables connections to the world’s leading DEXes, this is almost guaranteed to be a non-stop coverage.
But, this is not the end for ChainHop, which hopes to maintain this partnership but also to work with other bridging protocols and cross-chain messaging protocols in the future. The goal is, after all, to make ChainHop the best bridge solution and DEX aggregator in the industry, especially among the projects that are offering cross-chain swapping pricing and experience for users.
To learn more about Polkadot, visit our Investing in Celer Network guide.
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