The HBAR Foundation Now Supports HeliSwap DEX

Twitter icon  •  Published 1 week ago  •  Hassan Maishera

HBAR Foundation, the development team behind the Hedera blockchain, announced via a blog post on Tuesday that it will assist in the launch of HeliSwap on the Hedera Network.

HBAR Foundation, the development team behind the Hedera blockchain, announced via a blog post on Tuesday that it will assist in the launch of HeliSwap on the Hedera Network. HeliSwap is a decentralized exchange (DEX) backed by MANTRA DAO and LimeChain.

The foundation added that HeliSwap is the first DEX to support Ethereums ERC-20 token standard on Hedera, enabling participants in the Hedera ecosystem to swap between HTS (Hedera Token Service) and ERC-20 tokens in a cost-efficient and sustainable environment. Furthermore, the launch of HeliSwap on Hedera will help attract more users and accounts to the network, increase TVL, and increase smart-contract transactions on the mainnet, the team added. 

Hedera Hashgraph is distributed public ledger infrastructure. According to the team, it offers significant improvements over existing blockchains in five areas: performance, security, governance, stability, and regulatory compliance.

HBAR is trading at $0.0648 at press time, down by more than 5% over the last 24 hours.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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