Cosmos has been integrated into AtomicDEX by Komodo in order to link the Cosmos ecosystem to other blockchain networks. AtomicDEX is a cross-chain protocol, DEX, and non-custodial wallet developed by Komodo that supports both UTXO and EVM-based networks.

The integration will enable the Cosmos ecosystem to trade with hundreds of blockchains, including Bitcoin, Ethereum, Polygon, Avalanche, and Optimism, without requiring authorization.

AtomicDEX employs peer-to-peer (P2P) cross-chain atomic swaps, which eliminates the security risks associated with centralized liquidity pools, AMMs, and sophisticated smart contracts.

Its present iteration can handle 10,000 swaps per minute and can scale up if necessary. Users may hold both the native ATOM token and its wrapped variants on the AtomicDEX P2P network and trade them natively cross-chain.

Kadan Stadelman, the CTO of Komodo, said:

“While I was trying to trade BTC for ATOM, the only options were to use centralized exchanges, so it was a natural fit and personal need to expand interoperability between more chains and Cosmos. AtomicDEX is compatible with 99% of cryptocurrencies in existence and offers the widest cross-chain, cross-protocol trading support in the industry.”

Stadelman feels Cosmos has a lot of opportunities to expand, and that innovation is the key to that success. The network now hosts over 200 purpose-built Cosmos native dApps and is constantly expanding. While there are various Cosmos-based bridge solutions, they exclusively support Ethereum and Cosmos-based blockchains.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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