RocketX Launches Beta of Its API To Power dApp Multi-Chain Crypto Asset Swapping

Key Points:

  • RocketX’s API unites CEX and DEX platforms for enhanced crypto trading.
  • Advanced routing algorithm in RocketX API optimizes fees and speeds up transactions.
  • RocketX focuses on compliance, incorporating AML protocols and identity verifications.

RocketX, a trailblazer combining centralized and decentralized exchange platforms, recently made headlines by launching a beta version of its developer application programming interface (API). The move is set to revolutionize how digital assets are swapped across various blockchains, catering to a wide range of decentralized applications (dApps).

Seamless Integration for Diverse dApps

The main function of RocketX API is to facilitate the seamless transfer of crypto tokens among different dApps. This benefits various sectors, such as decentralized finance (DeFi), non-fungible token (NFT) marketplaces, and blockchain-based gaming platforms.

With RocketX’s hybrid aggregator, developers can easily integrate the functionality of crypto swaps into any dApp. This integration process is designed to be straightforward, requiring only a few lines of code. The API’s extensive capabilities range from providing access to over $100 billion in liquidity from more than 450 exchanges to offering competitive rates from over 200 DeFi ecosystems. Supported blockchains include prominent names like Bitcoin, Ethereum, BNB Chain, Cosmos, Polygon, and Solana.

Another notable feature of the RocketX API is its sophisticated discovery and routing algorithm. This tool not only facilitates on-chain asset swaps but also manages cross-chain transactions. It prioritizes the users’ financial interests by ensuring the lowest possible fees, including considering gas fees across all exchanges and bridges. The system is remarkably efficient, boasting less than 1 millisecond response time.

Enhancing User Experience and Security with RocketX’s Advanced API Features

For dApp developers, integrating the RocketX API is an opportunity to enhance user experience significantly. It enables the execution of self-custodial orders and the exchange of over 20,000 tokens without compromising the control over users’ wallets. Moreover, developers stand to gain financially, earning a share of the platform fee for each transaction through their dApp.

RocketX emphasizes heavily on compliance and security within its API framework. It incorporates strong Anti-Money Laundering (AML) protocols and a risk management system leveraging on-chain analysis. This approach guarantees that all transactions adhere to regulatory standards. The system is designed to identify and flag any suspicious transactions, and in such cases, users might be required to confirm their identities. This process is crucial in preserving the security and integrity of decentralized applications (dApps) using the RocketX platform.

Conclusion

RocketX’s beta API release is a major stride towards a multi-chain future. It underscores the company’s dedication to simplifying the complexities of blockchain interoperability, thus accelerating the adoption of DeFi and Web3 technologies and propelling the crypto industry forward.

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Raymond Munene

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Raymond Munene