Decentralized exchange (DEX) functioning on the Layer 2 network Blast, Ring Protocol launched its new DEX aggregator, RingX.
RingX, designed to be a mobile-friendly application, guarantees optimal swap rates in real time, ensures efficient routing, and offers users minimal slippage and low costs.
Among other benefits are native support for the Blast network, which enhances compatibility within the Blast ecosystem, and a seamless mobile experience. Additionally, RingX provides competitive swap rates by aggregating all major DEXs on Blast in real time and ensures fast and efficient transaction processing.
Furthermore, RingX features advanced routing technology, including swap order routing and a swap splitting algorithm. It also offers users the opportunity to earn Blast Gold as a reward for trading major pairs.
Over the past 24 hours, RingX reported a trading volume of over $442,870, according to data from the DEX aggregator website.
Blast provides a native yield system for stablecoins and Ethereum. This yield is produced via ETH staking and real-world asset (RWA) protocols and is automatically distributed to Blast users.
Announcing RingX, Our most innovative DEX Aggregator! 
https://t.co/lIOkygiYSg
As a mobile-friendly @Blast native DApp, RingX guarantees the best swap rates in real time, ensures optimal routing, and provides you with the minimal slippage and lowest cost.
RingX Highlights:… pic.twitter.com/Jux9QmrW9M
— Ring Protocol 
(@ProtocolRing) July 25, 2024
Ring Protocol: What Is It?
It intends to develop a universal liquidity protocol to enhance asset usage. At present, large amounts of assets remain idle on-chain, and many cryptocurrency projects experience liquidity challenges. To tackle such problems, the project is working on various products intended to rethink the decentralized finance (DeFi) ecosystem.
Released earlier in 2024, Ring Protocol has quickly become a recognized DEX on Blast. It has integrated over 6 protocols and surpassed 100,000 registered addresses. The platform supports major cryptocurrency wallets, encompassing OKX Wallet, Trust Wallet, Coin98, as well as Bitget Wallet. According to DeFiLlama data, the protocol records a total value locked (TVL) of $265 million.
Recently, it listed RING native token on the platform. Individuals now have an option to convert Ring Points into RING tokens via the Redeem section of the exchange.
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