The Innovation of Cross-Chain Trading: Symbiosis One-Stop AMM DEX Platform

With the rapid development of blockchain technology, interoperability and liquidity issues have become core challenges faced by the industry. The emergence of different blockchain networks and virtual machine environments has created an urgent need for users and developers for a solution that can seamlessly exchange assets across multiple networks. Symbiosis has emerged as a cross-chain AMM DEX platform aimed at addressing these issues.

The main issues of current cross-chain trading

1. Complex operation: Users need to go through multiple steps involving different wallets and bridging services.
2. High costs: The transaction fees involved across multiple networks significantly increase the costs.
3. Security Risks: Cross-chain bridging and relay services often become targets for hackers.
4. Cross-chain assets are singular and overly restricted: Most projects only support a limited number of assets from certain chains for cross-chain.

Core Functions and Technical Architecture of Symbiosis

Symbiosis is a decentralized cross-chain automated market maker platform that aggregates liquidity from different blockchains, including EVM-compatible and non-EVM-compatible chains, as well as the BTC ecosystem. Its core functionalities include:

1. On-chain smart contracts: handle cross-chain transaction logic to ensure the accuracy and security of transactions.
2. Off-chain relay network: responsible for transmitting messages and assets between different blockchains.
3. Seamless cross-chain exchange: Users can complete cross-chain asset exchanges on a single interface.
4. Pool and Zap: Users can provide liquidity to earn returns, or use the Zap feature to simplify cross-chain and DeFi interactions.

Advantages of Symbiosis

1. High interoperability: Supports liquidity across 34 blockchains, including EVM and non-EVM chains.
2. Minimalist user experience: complete complex transaction processes in one step.
3. Strong Security: Reviewed by multiple security audit agencies.
4. Low cost and high efficiency: Reduce cross-chain transaction costs and provide faster transaction speeds.
5. Decentralization and Community-Driven: Smart contracts automatically execute transactions, encouraging community participation.

Market Performance of Symbiosis

Symbiosis has currently processed over 2.5 billion USD in exchange volume, completed more than 2.34 million transactions, and interacted with nearly 390,000 wallets. The platform has been integrated into several large aggregators and has collaborated with multiple well-known projects.

SIS Token and Its Functions

SIS is the governance token of Symbiosis, with a maximum supply of 100 million, of which 65% is currently in circulation. The main functions of SIS include governance voting, protocol security, and incentives. Holders can stake SIS to obtain veSIS, enjoying various rights such as participating in airdrops, voting rights, and increased yields.

Future Outlook

Symbiosis is reshaping the way assets are exchanged within the blockchain ecosystem. With the addition of more blockchain networks and the introduction of liquidity sources, Symbiosis is poised to further solidify its position in the Web3 ecosystem and become a leader in the cross-chain technology space. For users and developers looking to freely move funds across different blockchains, Symbiosis is a platform worth paying attention to.