crypto-economy.com
Harmony blockchain moved another strategic step in providing trading options to its users by launching SushiSwap.
As one of the leading decentralized exchanges, SushiSwap can surely help Harmony offer its users better services. The latest news is another strategic move toward growing the DeFi community inside Harmony. Harmony users can now benefit from SushiSwap services and enjoy lower gas fees compared to Ethereum blockchain.
Harmony Network Growing
Big blockchains are competing seriously for attracting users and, most importantly, developers. Many of them try to provide the best development tools and services for developers that will result in more dApps in the network.
Bigger ones are trying to compete with Ethereum in providing smart contract features. Harmony is one of the most active ones that started the competition by connecting to Ethereum at first. In simple terms, Harmony uses Ethereum but tries to provide faster optimal services.
Harmony blockchain launched services to Ethereum Bridge that provide the ability to run Ethereum smart contracts on the blockchain. It resulted in massive growth in smart contract activity on the Harmony blockchain. Harmony aims at DeFi services with lower gas fees and faster transactions by launching SushiSwap on its blockchain. SushiSwap has shown its capabilities very good in Ethereum blockchain and is now ready to serve the big community of Harmony.
Adding smart contract features to blockchains often results in massive growth in terms of both developers and end-users. Harmony has experienced growth since launching to Ethereum bridge. The number of active wallets on the blockchain rose from 18,649 to 55,163 addresses. It means more users are using ONE token, and more dApps are emerging on the blockchain.
Harmony tries to solve the existing challenges of the Ethereum network. Adding SushiSwap and offering lower gas transactions is another step toward this goal. The protocol has successfully attracted developers and provides an easy-to-use interface to find more regular users. According to Harmony, users:
“Use Metamask to store, and they use our bridge to swap Harmony and Ethereum assets. We achieve 2-second finality for fast transactions and support 1000 delegating stakers for secure shards. A cross-chain Uniswap port is already live on our mainnet. Similar to layer 2 protocols, Harmony is now fully interoperable with the Ethereum ecosystem.”
SushiSwap now has the chance to serve more customers by swapping ERC-20 tokens. It can serve next to Uniswap on Harmony protocol, and the ultimate result is growth for all platforms.