- MakiSwap is set to launch the first fully-fledged swap platform on Huobi Eco Chain.
- The platform is designed with advanced traders in mind, offering limit orders, advanced charting tools, analytics, and more.
Unilayer, a cross-chain DEX aggregator and DeFi ecosystem is launching MakiSwap. This will be the first AMM and Yield Farming Platform on Huobi Eco Chain. According to a document shared with Crypto News Flash, the platform will offer users comprehensive decentralized exchange and yield farming options integrated into some CEX features. MakiSwap will launch on Huobi Eco Chain on May 20th to become a pillar of the DeFi ecosystem.
Already, the Huobi-backed blockchain has attracted considerable interest in Asia-China and the Asia-Pacific region, offering some of the highest yields and attractive DeFi offerings. The platform now seeks to take advantage of the high demand for DeFi in the rest of the world at a time when top platforms are struggling. Most notable is Ethereum for its very high transaction fees.
Geo, founder of Unilayer and MakiSwap stated that the platform has been a hidden gem focused on the Asian community. He further added that it was fit to compete with top-performing platforms like Ethereum and PancakeSwap on Binance Smart Chain (BSC).
As BSC starts falling out of favour due to its performance issues, we are confident that MakiSwap and Heco will become the new household names of DeFi elsewhere in the world.
One of the key features that sets MakiSwap aside from its competitors is its integration of CEX features. This will ensure the platform offers better liquidity and functionalities such as limit order or stop-loss order. Additionally, the platform will also enable cross-chain functionality.
MakiSwap comparison to PancakeSwap
DAO Maker has recently taken a look at how MakiSwap fairs against PancakeSwap. Although in terms of valuations PancakeSwap comes far ahead after seeing billions invested in the last couple of months, the new platform is quickly building itself up. MakiSwap market cap stands at $316K while PancakeSwap is roughly $5 billion.
In other measurements, the two are toe to toe. The daily emission rate stands at 480,000 on MakiSwap while on PancakeSwap this is 660,000. In emission burn, MakiSwap is at 9.38 percent compared to 0 percent on PancakeSwap. Farming emissions stand at 81 percent on the new platform, with PancakeSwap at 54.54 percent. On treasury reward, MakiSwap comes ahead with 9.38 percent while PancakeSwap is 0 percent. This data supports the argument that the platform could end up being bigger than PancakeSwap.
MakiSwap recently raised $1.4 million in funding from both institutional and retail investors. It is now backed by some of the most prominent platforms such as Kenetic Capital, LD Capital, NGC Ventures, Polygon Network, DAO Maker, Momentum 6, and AU21 Capital.