Problem
There was a problem in the WEB3 and DeFi sector:
Before the emergence of cross-chain DEXes, one of the main problems in the cryptocurrency space was the lack of interoperability between different blockchains. Each blockchain operated independently, making it difficult to transfer assets between them. This meant that users were restricted to trading within a single blockchain's ecosystem and had limited access to assets on other chains. This lack of connectivity hindered liquidity and made it challenging for users to diversify their portfolios across multiple blockchains. The introduction of cross-chain DEXes addressed this problem by providing a decentralized platform that enables seamless asset transfers and trading across different blockchains, unlocking new opportunities for users and expanding the overall liquidity of the cryptocurrency market.
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