ChainwirePortal integrates Portal DEX protocol for cross-chain trading on LFG Market
ChainwirePortal, a self-hosted wallet and cross-chain Layer-2 DEX, has announced its integration with LFG Market, a marketplace for Ordinal NFTs and Bitcoin-based BRC-20 tokens. This integration will enable users to trade Ordinals and BRC-20 tokens across different chains, such as Bitcoin and Ethereum, without the need for bridges or custodians. The integration of Portal DEX will ensure fast, secure, and private cross-chain transactions.
Key points:
– LFG Market has chosen to integrate the Portal DEX protocol to offer cross-chain trading of Ordinal NFTs and BRC-20 tokens.
– Users will be able to purchase Ordinal NFTs and BRC-20 tokens using assets from other chains, such as Ethereum, without the need for bridges or custodians.
– The integration of Portal’s “cross-chain Atomic Swaps” technology is a significant development in the NFT ecosystem, allowing for seamless payments in any NFT marketplace.
– The creation of Ordinal inscriptions on the Bitcoin blockchain has already generated over $210 million in trading volume.
– Cross-chain solutions are crucial for the wider adoption of Ordinals as the value layer for data and information, enabling non-Bitcoin NFT audiences to access Bitcoin Ordinals securely and with trust-minimization.
Portal’s integration with LFG Market and other DEXes will also allow for stablecoin payments and seamless access to Bitcoin BRC-20 tokens and Ordinals. The platform aims to support as many compatible blockchains, wallets, and DeFi apps as possible.
Hot Take
The integration of Portal DEX protocol with LFG Market is a significant step towards enabling cross-chain trading of Ordinal NFTs and BRC-20 tokens. This development will not only enhance the trading process but also attract a larger audience of NFT collectors and traders. By eliminating the need for bridges or custodians, Portal’s technology ensures fast, secure, and private transactions. This integration marks a milestone in the NFT ecosystem and paves the way for further advancements in the crypto industry.
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