On December 20, cryptocurrency exchanges KuCoin, Gate.io, and MEXC listed EYWA, the native token of the eponymous cross-chain protocol. The project team informed ForkLog of this development.<\/p>\n
EYWA<\/a> is a cross-chain liquidity protocol aimed at addressing two issues in the DeFi ecosystem: bridge vulnerabilities and liquidity fragmentation. The project has raised $8.5 million from Fenbushi Capital, GBV Capital, Big Brain Holdings, Marshland Capital, Mulana Ventures, and other venture funds. The lead investor was Curve founder Mikhail Egorov.<\/p>\n On December 21, the strategic funding round for EYWA saw participation from 1inch founders Anton Bukov<\/a> and Sergey Kunz<\/a>, as well as Kenetic Capital<\/a>.<\/p>\n The core product of the ecosystem is the cross-chain DEX<\/span> CrossCurve<\/a>, designed for asset exchange across different blockchains with low slippage. As of December, its TVL<\/span> exceeded $21 million, trading volume surpassed $1.85 billion, and the total number of transactions was over 3.5 million.<\/p>\n \u201cLiquidity fragmentation is one of the key issues in DeFi, increasing costs and reducing efficiency. CrossCurve addresses this problem by pooling liquidity in a single pool accessible across multiple networks simultaneously,\u201d project representatives comment.<\/p>\n<\/blockquote>\n In November, CrossCurve hosted the first cross-chain listing of the Units Network (UNIT0) token. Following the listing, UNIT0 became available for trading across 16 blockchains.<\/p>\n \u201cPreviously, projects created separate pools for each network, which was inconvenient and costly. CrossCurve simplifies this process by consolidating liquidity on one platform,\u201d EYWA notes.<\/p>\n<\/blockquote>\n The project team added that the listing of EYWA marks a new milestone in the project’s development and fits perfectly with current market trends and the rapidly growing DeFi sector.<\/p>\n Current price and market capitalization data for EYWA are available on CoinMarketCap<\/a> and CoinGecko<\/a>.<\/p>\n Previously, ForkLog published educational cards about cross-chain bridges.<\/p>\n","protected":false},"excerpt":{"rendered":" On December 20, cryptocurrency exchanges KuCoin, Gate.io, and MEXC listed EYWA, the native token of the eponymous cross-chain protocol. The project team informed ForkLog of this development. EYWA is a cross-chain liquidity protocol aimed at addressing two issues in the DeFi ecosystem: bridge vulnerabilities and liquidity fragmentation. The project has raised $8.5 million from Fenbushi […]<\/p>\n","protected":false},"author":1,"featured_media":19827,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1166,1286,596],"class_list":["post-19828","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-centralized-exchanges-cex","tag-listing","tag-tokens"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=19828"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19828\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/19827"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=19828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=19828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=19828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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