Press Release
Press Release Arbswap, the Arbitrum-native automated market maker decentralized exchange, has made significant progress over the past few months Following the migration of its contracts to the Arbitrum Nova network, Arbswap recently launched the Nova Accelerator with the backing of Old Fashion Research, a multi-strategy blockchain investment fund. With the creation of the accelerator, Arbswap aims to support the growth of the Arbitrum Nova ecosystem through investments and advisory services for projects built on the platform.According to Arbswap, the Nova Accelerator will be a “one-stop-shop for the growth of the Arbitrum Nova ecosystem.aims to invest in. $10 million (approximately $1.2 billion) to investin the Arbitrum Nova ecosystem.
About Arbswap and Arbitrum Nova
Arbitrum Nova is an Arbitrum Layer 2 scaling solution that optimizes ultra-low-cost transactions while providing strong security guarantees The first arbitrum chain built on AnyTrust technology Arbitrum Nova is intended for applications that process large volumes of price-sensitive transactions, such as gaming, social, and distributed exchanges.
As a decentralized exchange, Arbswap aims to provide maximum security and affordability to users who swap tokens on its DEX; Arbitrum Nova boasts high security and low transaction costs even at high volumes, and Arbswap’s decision to quickly migrate to Nova will undoubtedly be a significant first-mover advantage over other exchanges with “high” transaction costs for the Arbitrum One chain. In addition, the various DeFi tools that Arbswap offers, such as liquidity mining, staking pools, and Dasher, a launchpad product that launches new Arbitrum Nova projects through vested token sales, make Arbswap for various market participants a very attractive DEX to various market participants.
Combined with Dasher, Nova Accelerator can establish itself as a powerful force in the Arbitrum universe, providing a way for projects building Arbitrum Nova to raise funds and launch their products through the Arbswap ecosystem.
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