• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Osmosis and UX Chain are exploring the possibilities of merging

Osmosis and UX Chain are exploring the possibilities of merging

user avatar

by Max Nevskyi

2 years ago


Osmosis, the largest decentralized exchange (DEX) in the Cosmos ecosystem, and the lending protocol UX Chain have announced plans to merge. This proposal will be implemented subject to community approval. If approved, both platforms will join forces to create a powerful decentralized finance (DeFi) hub.

The developers have outlined a phased integration plan. The initial stage includes the integration of the UX Chain codebase into the Osmosis blockchain, which will combine the total value locked (TVL) of both platforms. This action is aimed at expanding influence in the Cosmos ecosystem and opening new opportunities in the DeFi sector.

Next, there is a plan to merge the OSMO and UX tokens, with the community playing a key role in setting the parameters for asset exchange, thereby ensuring transparency and fairness of the process. The merger promises several advantages, including the launch of margin trading, shorting capabilities, the introduction of the first cross-chain flash loans, and the creation of maximum extractable value (MEV) markets.

The developers are confident that integrating the UX Chain code into Osmosis will create a more powerful and versatile blockchain platform. Furthermore, the merger is aimed at enhancing the security of Osmosis, minimizing vulnerabilities, and increasing user trust.

According to CoinGecko, the native token of Osmosis (OSMO) recently rose by 3.3%, exceeding a market capitalization of $460 million, trading at around $0.732. The UX Chain token also showed growth, increasing by 16.4% over the last 24 hours, with a market capitalization approaching $17.4 million.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Algorand (ALGO) Aiming for $0.50: Current Trend Analysis

chest

Algorand (ALGO) price changes after a long decline. Current analysis indicates bullish trends and potential support levels.

user avatarGiorgi Kostiuk

Explore Potential Altcoins: BlockDAG, Chainlink, XRP, and Cardano

chest

Overview of BlockDAG, Chainlink, XRP, and Cardano, their features and relevance in the market.

user avatarGiorgi Kostiuk

WLFI Token Prepares for Trading with $16 Billion Market Valuation

chest

The WLFI token, tied to a DeFi initiative, is set to debut on exchanges with a valuation of $16 billion. Negotiations for exchange listings are ongoing.

user avatarGiorgi Kostiuk

Latest News on Pi Network, Binance Coin, and BlockDAG in the Crypto Space

chest

An overview of the current state of Pi Network, Binance Coin, and BlockDAG in the cryptocurrency market.

user avatarGiorgi Kostiuk

Crypto News: BlockDAG, Mantle, and Ethereum Show Growth

chest

BlockDAG partners with Seattle Seawolves, while price predictions for Mantle and Ethereum turn positive.

user avatarGiorgi Kostiuk

BlockDAG Launches with 7-Day Access Window, VeChain Stays Flat, Pi Coin Drifts

chest

BlockDAG offers unique early access to coins upon launch as VeChain and Pi Coin stabilize at their levels.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.