Saturday, June 15, 2024
Home > Analysis > RocketX Announces Beta Launch of Its API For Multichain Crypto Swaps

RocketX Announces Beta Launch of Its API For Multichain Crypto Swaps

RocketX ensures the API comes equipped with robust Anti-Money Laundering (AML) protocols, ensuring that multi-chain asset swaps occur in a compliant manner.

RocketX has unveiled the beta phase of its developer application programming interface (API), streamlining the deployment of multichain decentralized applications (dApps) across any blockchain.

According to a press release shared with Coinspeaker, the API incorporates an advanced discovery and routing algorithm, allowing self-custodial asset swaps both on-chain and across different chains. It taps into a liquidity pool exceeding $100 billion from over 450 centralized and decentralized exchanges.

A Simple Line of Code

With the API now in beta, developers gain the ability to effortlessly integrate RocketX’s hybrid aggregator into various dApps using just a few lines of code. Whether it’s decentralized applications (DeFi), non-fungible token (NFT) marketplaces, or blockchain games, the newly launched API simplifies integration, providing a versatile solution for the crypto community.

Additionally, the RocketX API offers a range of benefits for dApps, enabling them to provide users with the most competitive rates within 200 DeFi ecosystems. These ecosystems encompass well-known chains such as Bitcoin, Ethereum, BNB Chain, Cosmos, Polygon, Solana, and more. Furthermore, users benefit from the lowest fees, thanks to the algorithm considering gas fees across all supported exchanges and bridges, all achieved with a response time of less than 1ms.

The API’s launch also opens up new horizons for applications like GambleFi, GameFI, and AI applications. According to the press release, users can now enjoy decentralized access to deep liquidity in the market and execute self-custody order transactions directly within their favorite dApps.

For developers, integration is straightforward with support for all major wallet types, asset pairs, and networks. Additionally, partners integrating with RocketX stand to earn a share of the platform fee for each transaction, presenting an additional revenue stream for their dApps.

Enhanced Security Measures

In addition to its functionalities, RocketX ensures the API comes equipped with robust Anti-Money Laundering (AML) protocols, ensuring that multi-chain asset swaps occur in a compliant manner. According to the release, a risk mitigation system, utilizing on-chain analysis, automatically places suspicious transactions on hold, prompting users to verify their identities while maintaining full compliance with regulatory standards.

The multi-chain DEX aggregator said its mission is to make the complex world of cryptocurrencies more accessible by simplifying the journey toward a future where multiple blockchains collaborate seamlessly. RocketX plans to connect every dApp across the leading decentralized networks in the crypto industry, making it easier for users and developers to access the protocols.

Earlier this month,  RocketX announced the integration of MicroVision Chain into its platform to facilitate interoperability among blockchains. Through this move, the company connected to over 100 leading blockchains in the industry, making it easier for users to interact between the chains as well as send and receive assets across different blockchains.



Blockchain News, Cryptocurrency News, News

Source