DODO (DODO), an on-chain liquidity provider, has unveiled the launch of DODOchain, an industry-first Omni-Trading Layer3 powered by Arbitrum Orbit, EigenLayer, and AltLayer.
DODOchain bridges Layer2 networks of Bitcoin (BTC) and Ethereum (ETH), consolidating liquidity from various chains into a unified platform.
The vision behind DODOchain is to create a seamless, efficient, and secure ecosystem for cross-chain trading and liquidity sharing, enabling users to issue, trade, and manage their assets across different blockchains.
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DODO’s exponential growth
The primary goal of DODOchain is to enhance trading opportunities for users by enabling token trading and restaking, all within a rollup-level liquidity layer.
The inception of DODOchain was made possible by the success of DODO’s Proactive Market Maker (PMM) algorithm.
Introduced in August 2020, the PMM algorithm significantly improved liquidity concentration around oracle prices, enhancing capital efficiency and exchange rates.
The release of DODO V2 in February 202, with diverse liquidity pools and additional features like DODOX and Limit Orders, also helped expand DODO’s capabilities.
Currently deployed on 14 blockchains, DODO has facilitated over $141 billion in total trading volume, with more than 24 million transactions and 3.31 million cumulative users.
A more streamlined user experience
Recognizing the ever-evolving nature of the blockchain landscape, DODO identified challenges facing Layer2 solutions, such as fragmented liquidity, high costs, security risks, etc.
With the increasing demand for cross-chain transactions, the team saw the necessity for a transformative solution.
Thus, DODOchain was envisioned as a solution to such challenges by providing an interconnected ecosystem across all chains.
DODOchain, as a Layer3 solution, focuses on customized functions to overcome the limitations of Layer2 in terms of cross-chain interoperability.
Acting as a bridge between different blockchain ecosystems like Ethereum, BTC, and Solana (SOL), Layer3 facilitates the seamless flow of data and transactions.
Enhanced scalability and efficiency
By partnering withArbitrum Orbit, EigenLayer, and AltLayer, DODOchain ensures enhanced scalability, security, and interoperability.
Arbitrum Orbit stands out for its solutions that allow developers to launch their own L2 or L3 Orbit chain on Arbitrum, enhancing scalability and efficiency while maintaining security guarantees.
Leveraging Arbitrum Orbit, DODOchain aims to provide faster transaction execution, minimal gas costs, and higher returns for users.
DODOchain offers several features, including Omni-chain liquidity outposts, BTC L2 and ETH L2 connectors, and native staking yields.
