HurricaneSwap, a multi-chain decentralized exchange project on Avalanche, raised over $1 million from worldwide capital, including Asia’s leading ecosystem fund, Avatar, and a highly reputable Asian blockchain investment firm, LD Capital.
Avatar Fund (Avalanche Asia Star Fund) is an independent Avalanche ecosystem venture with $20 million in dedicated funding put to developing Avalanche’s ecosystem in Asia. Avatar Fund has intentions to invest in decentralized finance, nonfungible tokens, gaming, industry infrastructure and ecosystem development projects.
LD Capital is the most well-renowned investment firm in China that specializes in blockchain investments. Thanks to its considerable industrial resource advantages and professional investment team, LD Capital has successfully discovered and invested in over 100 outstanding blockchain projects, with multiple investment returns surpassing 10,000%.
The investment from Avalanche and LD Capital will not only bring financial support to HurricaneSwap but also provide technology, community popularity and other resources to promote the ecological construction and market development of HurricaneSwap.
Roke Protocol is the best solution for cross-chain transaction
The increasing maturity of blockchain applications has boosted interaction demand. As such, as an infrastructure that can help to satisfy this demand, cross-chain transaction naturally falls into the spotlight of the DeFi market.
HurricaneSwap uses the unique Roke Protocol that can simultaneously support transactions of assets on dozens of heterogeneous blockchains, which differ from traditional DEXs that can only support single asset cross-chain transactions.
This method can effectively avoid damaging the asset liquidity of the original public chain, which is similar to “borrowing” liquidity. After the user completes the asset transaction through HurricaneSwap, the liquidity can be returned in a variety of ways. In addition to the return of the original liquidity provider token, users can also obtain additional benefits in HurricaneSwap and thus maximize their success.
Lower gas cost and more friendly interoperability
HurricaneSwap achieves direct cross-chain transactions through LP tokens, which boast a myriad of advantages such as reduced time and opportunity costs, lesser monetary costs including gas fees caused by multiple transactions, and protection of the value structure of the original LP token.
Supporting free asset transactions across heterogeneous chains is the biggest difference of HurricaneSwap from other DEXs such as Uniswap or PancakeSwap, which are built on a single public chain and only support assets on the same chain.
HurricaneSwap is a cross-chain transaction platform that builds a market for tokens from different chains. For example, liquidity providers bring Binance Smart Chain assets to HurricaneSwap, and users at HurricaneSwap can directly use Huobi Eco Chain (HECO) assets to swap BSC assets.
In other words, in the HurricaneSwap transaction market, assets from various chains can be directly swapped on the same platform so that users do not need to deal with multiple protocols. As a result, HurricaneSwap enables a seamless cross-chain transaction experience.
HurricaneSwap is more than a cross-chain DEX or transaction platform — its ultimate goal is to build a cross-chain DeFi platform based on the Avalanche and Roke Protocol to realize multi-chain asset interoperability and eventually become the go-to infrastructure of various DeFi applications.