Symbiosis Now Backs Arbitrum Nova



Symbiosis Finance adds Arbitrum Nova to its list of supported chains, allowing for easy token swaps and bridging across chains.

Bridging across chains is a long, complex, and sometimes intimidating process for cryptocurrency users. To try to lower the dependence on bridges, cross-chain DEXes are starting to become trending. The idea here is the fact that you can swap any 2 assets regardless of the chain. 1 of the cross-chain DEX leaders is Symbiosis Finance. Symbiosis already works with greater than 12 chains and most of the EVM chains you already use. And today, they are adding Arbitrum Nova to the list.

Symbiosis now connects with Arbitrum’s ArbSwap DEX. This implies that any crypto tokens on chains Symbiosis already supports can now swap easily onto Arbitrum Nova. ArbSwap is likewise airdropping crypto tokens to users in case you use the DEX already. So like the other 12 chains Symbiosis supports, one click and you can move coins to and from Arbitrum Nova too.

What is Arbitrum Nova?

The main Arbitrum chain is Arbitrum One. In contrast to  Arbitrum One, Arbitrum Nova uses Arbitrum’s AnyTrust technology. AnyTrust is a rollup as well (like Arb One) with even quicker and cheaper transactions than Arbitrum One. Since the nodes hold the data instead of broadcasting it to Ethereum (ETH), there is no Ethereum (ETH) gas to pay making Arbitrum Nova even cheaper than Arbitrum One.

In return for that speed and lower cost, there is some trust involved that the nodes will operate honestly. Click the AnyTrust link over to read more about how the technology works.

Arbitrum Nova is especially attractive for games and Non-Fungible Token (NFTs) where people must make fast transactions as part of playing the game. You can use the main Arbitrum Bridge or Celer to bridge your crypto tokens to this network.

More on Symbiosis

A cross-chain DEX like Symbiosis makes life easier for all cryptocurrency users that keep funds on numerous chains. So that’s basically all cryptocurrency users, right? Moves like this are a sign of Arbitrum’s growing importance as a top L2 for Ethereum (ETH). They are likewise a sign that cross-chain DEXes like Symbiosis are here to stay.

Arbitrum & Symbiosis Price Activity

Arbitrum is as of now the #39 cryptocurrency project by market  price after their huge airdrop earlier in the year. The crypto token trades at $1.10 and has a circulating supply of 1.275 Billion and a total supply of 10 billion. Its current market  price is $1.4 billion, reports by our friends at CoinGecko.

Symbiosis likewise has a crypto token $SIS. It trades at 20.4 cents. The present market  price is $8.2 Million. The circulating supply is 44.3 Million out of a total supply of 99.7 Million once more from CoinGecko. Arbitrum is broadly available, while the top markets for Symbiosis are PancakeSwap, Gate.io, OKX, and Bybit.



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