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The DODO team is excited to announce the launch of DODOchain, an Omni-Trading Layer 3 that is powered by EigenLayer, AltLayer, and Arbitrum Orbit. As the first Layer3 solution, DODOchain bridges Bitcoin and Ethereum’s Layer2 effortlessly and focuses on bringing liquidity from several chains together in one place.
Trade tokens on the DODOchain, the rollup-level liquidity layer, to boost profits via restaking.
The Reason Behind DODOchain’s Creation
With its innovative Proactive Market Maker (PMM) algorithm, which brought a focused liquidity solution around the oracle price, DODO was launched in August 2020. As a result, customers were given better exchange rates and mainstream assets’ capital efficiency was greatly increased. With three distinct liquidity pools to accommodate mainstream assets, stablecoins, and altcoins as well as various user groups including traders and professional market makers, DODO V2 was introduced in February 2021.
Later on, DODO developed further features as Launchpad, Token Creator, Trading Widgets, Crosschain Swap Aggregator, Limit Orders, and Swap Aggregator DODOX. At the moment, DODO is deployed on 14 blockchains’ mainnet. With over 24 million transactions, over 3.31 million users overall, and a total trading volume over $141 billion, the exchange has achieved remarkable success.
Our team has spent the last three years working hard to create products that will provide our consumers the greatest trading pricing and the finest liquidity solutions. We think that blockchain technology will develop into an integrated ecosystem of several chains, with hundreds of Layer 2 solutions meeting different market demands and uses, rather than being limited to a single chain in the future.
However, there are still a number of obstacles that Layer2 solutions must overcome at this point, such as fragmented liquidity, high multichain operating costs, security issues connected with cross-chain bridges, and the difficulty of communicating with various blockchains. In addition, there is a greater need for cross-chain transactions as a result of the rising quantity of non-EVM assets.
The team at DODO contends that a major overhaul is necessary for the multi-chain DApp ecosystem that exists today. In order to facilitate the free flow of assets, it is imperative to remove the obstacles between EVM and non-EVM ecosystems, given that different assets are issued on hundreds of chains. To accomplish interconnection across all chains, our team suggests an inventive technique called DODOchain. It is possible to achieve seamless asset exchange, much increased asset issuance efficiency, and trading convenience across several chains by integrating and maximizing liquidity on the DODOchain.
DODOchain as the Remedy
At the core of the idea behind hosting a third layer on-chain is the need for blockchain to handle highly customized use cases in the future.
With an emphasis on delivering customized capabilities, Layer 3 seeks to address Layer 2’s shortcomings with regard to cross-chain compatibility. Layer 3 acts as a link across several blockchain ecosystems, allowing data to move freely and transactions to occur between chains like as Ethereum, Bitcoin, and Solana.
Layer 3 may improve transaction efficiency and produce real cost savings for establishing an omni-liquidity layer that needs higher transaction throughput and considerable network charge reductions.
Any developer may quickly and anonymously start their own L2 or L3 Orbit chain on Arbitrum thanks to a variety of technological options, including Arbitrum Orbit, which gives them complete control over gas tokens, privacy, permissions, governance, and more.
This is exactly what we need to build our own app-chain and fits in well with our vision. In order to improve the trading experience for customers, the DODO team will employ Arbitrum Orbit to build a thorough Layer 3 chain for cross-chain transactions. This chain will provide reduced gas prices, quicker transaction execution and confirmation, and more consistent returns.
Also, DODOchain will provide:
- Omni-chain liquidity outposts: Omni Trade, Omni Liquidity, and Omni Mining are just a some of the services and products that DODOchain offers its consumers.
- Connector between BTC L2 and ETH L2: By linking BTC L2 and ETH L2, including Non-EVM Chains, DODOchain may draw in more new users and assets
- Native restaking yield: DODOchain is expected to provide native staking yields for its assets.
DODOchain Modular Partnerships
We are delighted to present DODOchain’s important partners:
Arbitrum Orbit: Offering a potent new method for creating Layer 2 and Layer 3 chains is Arbitrum Orbit. By adding customizable features to the Arbitrum tech stack, it preserves the security assurances of the Ethereum ecosystem while providing DODOchain with increased scalability, efficiency, and user-friendliness.
Eigenlayer:
EigenDA is a fundamental part of Eigenlayer that specializes in data availability (DA) throughput. DODOchain will use EigenDA to take use of Ethereum’s security and consensus capabilities, thanks to its easy connection with other EigenLayer modules. As one of the first Actively Validated Services (AVSs) in the Eigenlayer ecosystem, DODOchain will also function as a restaked rollup.
AltLayer
Based on EigenLayer’s potent restaking mechanism, DODOchain has embraced AltLayer’s innovative restaked rollups architecture. This improves decentralization and network security while enabling quick deployment and cross-chain interoperability, giving consumers a more seamless and integrated blockchain experience
Our goal with DODOchain is to provide a smooth, effective, and safe ecosystem for liquidity sharing and cross-chain trading that will allow users to freely issue, trade, and manage their assets across various blockchain networks without limitations or permissions.
The DODOchain Testnet is Live
This is your opportunity to test, develop, and innovate a next-generation omni-trading experience firsthand.
Explore our Testnet: dodochain.com