Close Menu
AlexaBlockchain
  • News
  • Press Releases
    • Submit Press Release
  • Adoption
  • Funding
  • Interview
  • Policy
  • Explained
    • Bitcoin Halving 2024: Will it Trigger the Next Bull Run?
    • Everything You Wanted to Know About Bitcoin But Were Too Afraid To Ask
    • Cryptocurrency: what makes it so popular?
    • Top Five Crypto Scams And How To Avoid Them
    • Cloud Mining Explained
    • What are NFTs?
    • What is a Web3 Browser?
    • How To Build High Quality Crypto Backlinks
  • About
  • Advertise
  • Trending
    • #BitcoinHalving
    • #CloudMining
    • #Web3.0
    • #Metaverse
    • #NFTs
    • #PlayToEarn
    • #DeFi
    • #BlockchainTechnology
    • #Bitcoin
    • #Cryptocurrency
    • #DigitalAssets
Facebook X (Twitter) Instagram
Saturday, May 31
  • Advertise
  • Crypto PR
  • Partner
  • Submit Press Release
  • Contact Us
X (Twitter) Facebook LinkedIn Instagram
AlexaBlockchain
Banner
  • News
  • Press Releases
    • Submit Press Release
  • Adoption
  • Funding
  • Interview
  • Policy
  • Explained
    • Bitcoin Halving 2024: Will it Trigger the Next Bull Run?
    • Everything You Wanted to Know About Bitcoin But Were Too Afraid To Ask
    • Cryptocurrency: what makes it so popular?
    • Top Five Crypto Scams And How To Avoid Them
    • Cloud Mining Explained
    • What are NFTs?
    • What is a Web3 Browser?
    • How To Build High Quality Crypto Backlinks
  • About
  • Advertise
  • Trending
    • #BitcoinHalving
    • #CloudMining
    • #Web3.0
    • #Metaverse
    • #NFTs
    • #PlayToEarn
    • #DeFi
    • #BlockchainTechnology
    • #Bitcoin
    • #Cryptocurrency
    • #DigitalAssets
AlexaBlockchain
You are at:Home » Wombat Exchange Takes a Leap Forward with Multichain Expansion
Press Release

Wombat Exchange Takes a Leap Forward with Multichain Expansion

AB PR DeskBy AB PR DeskMarch 27, 2023Updated:March 27, 2023No Comments3 Mins Read
Twitter Facebook LinkedIn Reddit Email WhatsApp
Wombat Exchange Takes a Leap Forward with Multichain Expansion
Wombat Exchange Takes a Leap Forward with Multichain Expansion
Share
Twitter Facebook LinkedIn Pinterest Reddit Telegram Email WhatsApp

Hong Kong, March 27, 2023 / AlexaBlockchain/ – Wombat Exchange, which is currently the biggest stableswap on the BNB Chain, has announced its move towards expanding into the realm of multichain technology.

This venture will commence with its launch on Arbitrum One, the leading Ethereum layer-2 network, starting at 6 AM UTC on April 5th, 2023.

With this new expansion, Wombat Exchange aims to facilitate the growth of DeFi, while pushing boundaries with greater capital efficiency, increased accessibility, and scalability in a multichain environment, representing a significant milestone for the platform.

With the backing of top-notch investors such as Animoca Brands, Binance Labs, Shima Capital, Jump Crypto, and others, Wombat Exchange has become the foremost stableswap on the BNB Chain. Since its launch in September 2022, the platform has achieved a lifetime peak of $217M in total value locked (TVL) and is consistently drawing in high transactional volumes.

Although Wombat currently only holds a TVL of approximately $40M, the platform has surprisingly secured the 4th position in total trading volume across the entire cryptocurrency industry. Furthermore, it has now climbed the ranks to become the second-largest DEX by trading volume on the BNB Chain, serving as a testament to the efficacy and capital efficiency of its algorithm.

The visions of Wombat Exchange and the Arbitrum blockchain are aligned towards promoting DeFi innovation and community-building. Both teams share a pioneering spirit and a dedication to delivering exceptional stablecoin swapping experiences. With Wombat’s objective of minimizing slippage and enabling single-sided liquidity, and the Arbitrum team’s algorithm enhancements and coverage ratio concept, users on the platform will enjoy an efficient and seamless stablecoin swapping experience.

In a bid to expand its reach and offer token holders more yield opportunities and flexibility, Wombat Exchange is set to bring its entire ecosystem, which includes Convex forks such as Wombex, Magpie, and Quoll, to Arbitrum.

“The core and the most crucial goal of Wombat is being the best stableswap we can be. We believe that for any blockchain or DeFi to survive and thrive, a good stableswap is the key to serving as the foundation for the entire ecosystem. Our team is thrilled to extend our offerings to the Arbitrum network, and we are confident that we will build a strong and dynamic community,” Alex, Founder of Wombat Exchange, said.

Wombat Exchange is excited to commence its launch on Arbitrum on April 5, 2023, at 6 AM UTC with a liquidity mining rush program that provides users with the chance to earn a significant amount of WOM tokens by staking.

For more information on the Arbitrum launch, please visit: http://bit.ly/3LQarF3

About Wombat Exchange
Wombat Exchange is a stableswap that is native to the BNB Chain and is now expanding to other chains. The exchange’s algorithm design is aimed at re-engineering the stableswap experience to provide a stableswap 2.0 experience. Wombat Exchange is committed to advancing DeFi growth and pushing the limits of capital efficiency, accessibility, and scalability in a multichain environment.

For more information, visit:

Website | Telegram | Twitter | Discord

Wombat Exchange Contact
Cherie Man
cherie@wombat.exchange

Source: Wombat Exchange

Submit Your Blockchain and Crypto Press Release here.

Arbitrum One Crypto Press Release Web3 PR Wombat Exchange
Share. Twitter Facebook LinkedIn Reddit Pinterest Tumblr Telegram Email WhatsApp
AB PR Desk
  • Website

AlexaBlockchain.com is the leading source of breaking news on blockchain, cryptocurrency, DeFi, metaverse, NFTs, and Web 3.0. Contact info[AT]alexablockchain.com to talk about press releases, sponsored posts, advertisements and other options.

More AlexaBlockchain

QFSCOIN Launches Affordable Cloud Mining Contracts to Democratize Bitcoin Access

May 30, 2025

NFL Stars Anthony B. Smith, Julius Williams, and Jamie Winborn Join 2B3D Leadership as Team Managers in Astro Bowl

April 28, 2025

Kolwaii Joins Base and Virtuals to Lead the AI Agentic Era Solving the Developer Crisis

April 18, 2025

The 1st Annual African Blockchain Championship Launches April 12th

April 11, 2025

PHILADELPHIA 76ERS, CRYPTO.COM UNVEIL ‘SPECTRUM SHOWDOWN’ MINI-GAME, PART OF TEAM’S WEB3 MOBILE VIDEO GAME SERIES

March 28, 2025

Cryptex Finance Launches ARFI: The First Fully Onchain Index for Arbitrum DeFi

March 19, 2025
Add A Comment

Comments are closed.

Don't Miss

QFSCOIN Launches Affordable Cloud Mining Contracts to Democratize Bitcoin Access

Liquidium Launches Cross-Chain Bitcoin Lending Without Wrapped Tokens or Bridges

Katana Launches High-Yield DeFi Blockchain Backed by GSR and Polygon Labs

Sony’s Soneium Brings Viral Telegram Game Sleepagotchi to 200M Users via LINE

Trending Topics
  • Blockchain News
  • Blockchain Technology
  • Blockchain Platforms
  • Blockchain Regulation
  • Bitcoin News
  • Ethereum News
  • Ripple News
  • Tezos News
  • CBDC
  • NFTs
Featured Companies
  • Binance
  • Tech Mahindra
  • Huobi
  • Efforce
  • Future FinTech Group
  • SuburbanColors
  • Launchpool Labs
  • Lucky Crab Club
  • SIMBA Chain
  • Bulldog Law
Stay Updated
  • Events
  • Newsletters
  • Follow
  • Follow on Google News
  • Blockchain Directory
Get In Touch
  • Crypto PR
  • Advertise
  • Partner
  • About
  • Masthead
  • Careers
  • Write for Us
  • Submit Press Release
  • Submit Guest Post
  • Contact US
Copyright © 2025. AlexaBlockchain
  • About
  • Advertise
  • Crypto PR
  • Submit Press Release
  • Write for Us
  • Careers
  • Privacy Policy
  • Affiliate Disclosure
  • Disclaimer
  • Contact

Type above and press Enter to search. Press Esc to cancel.