The Avalanche team announced via a blog post on Tuesday that Multiswap, a new breed of “multi-asset” decentralized exchange, has launched on Avalanche, aiming to reinvent how people access and exchange tokens on-chain.
Mulitiswap seeks to leverage Avalanche’s speed and flexibility to enable traders to swap hundreds of tokens in a single transaction. Multiswap will be exploring possibilities in FX, commodities, and equity markets, the Avalanche team added.
Avalanche is an open-source platform for launching Decentralized Finance (DeFi) applications and enterprise blockchain deployments in an interoperable, highly scalable ecosystem.AVAX is down by 2% so far today and currently trades at $9.20 per coin.