Intermediate

PublishedJan 18, 2023Updated on Feb 10, 20234m

Summary

Trading cryptocurrencies on a decentralized exchange (DEX) can sometimes be complex, expensive and inefficient. There are so many chains and tokens that people feel overwhelmed. What's more, most decentralized trading platforms cannot guarantee the price, because the price often changes before the transaction is executed.

However, on the decentralized trading platform Hashflow, you can trade any asset on any chain within seconds just by connecting your wallet. All quotes are executed at their displayed price and commission-free. What you see is what you get.

The same goes for cross-chain transactions — one-off cross-chain transactions at guaranteed prices. Just choose assets and chains to trade without any bridging risk.

Since its launch in August 2021, Hashflow's total transaction volume has exceeded $11 billion, with more than 170,000 unique users.

Most decentralized trading platforms rely on automated market makers (AMMs) to enable buying and selling assets, and while these platforms are important, they also have their drawbacks. Automated market makers are capital inefficient, often suffer from similar risks such as sandwich attacks and impermanent losses, and cannot efficiently price non-spot assets.

Hashflow uses the Get Quote (RFQ) model, and users can get quotes directly from market makers, and trade with zero-slip spreads and maximum extractable value (MEV) protection. Hashflow's quotation acquisition model is not to quote assets on the chain, but to process the settlement and exchange of assets on the chain, so that market makers can realize asset quotations off the chain.

Hashflow is a multi-chain decentralized exchange platform designed for interoperability, zero-slip spreads and maximum extractable value (MEV) protected transactions. All trades are commission-free and all quotes are executed at their displayed prices. Hashflow also has a fully native cross-chain exchange function without bridging or synthetic assets, enabling smooth transactions across one or more chains at guaranteed prices.

Since its inception in August 2021, Hashflow has achieved:

• Total trading volume exceeds $11 billion

• More than 170,000 independent users trade on the platform

• Average daily trading volume of 25-30 million USD

• The average number of daily active users (DAU) is as high as 1800

• Polygon and Avalanche's combined transaction volume exceeds $1 billion in six months

Hashflow has also raised $28.2 million over three funding rounds, with backers including Dragonfly Capital, Electric Capital, Galaxy Digital, Jump Crypto, Wintermute, and GSR.

Users can conduct smooth cross-chain asset transactions through Hashflow in seconds without external token bridges:

• All transactions on Hashflow, whether on one chain or across multiple chains, are guaranteed to have no slippage or MEV loopholes.

• Hashflow uses a hybrid engine for obtaining quotes on-chain/off-chain to obtain off-chain quotes from market makers who manage the liquidity of pools on the chain. Smart contracts require market makers to cryptographically sign a guarantee that quotes remain unchanged during any trade. This move ensures that the quotes provided by the platform are guaranteed and will not be front-runned or arbitraged by MEV robots.

• On Hashflow, traders do not need to worry about the slippage caused by cross-chain MEV. This can happen if the price action fluctuates widely between the time the transaction is verified on the source chain and the time it takes to relay the payload to the target chain.

HFT is the native token of the Hashflow protocol and the Hashflow gamification governance platform Hashverse. Users can pledge HFT to unlock the functions of the Hashflow ecosystem, such as:

• Governance: Hashflow follows the Voting Governance (VE) token model, where voting rights are determined based on the amount of HFT pledged and the HFT's lock-up time. Users pledge tokens to have the right to vote and manage the future development of the agreement.

• Rewards & DAO Internal Health: Hashverse is the first interactive story-driven, gamified decentralized autonomous organization (DAO) and governance platform. Staked tokens are used to determine the health metrics of users in the Hashverse. To maintain health in the Hashverse, users can adjust the amount and time of their pledged tokens at any time. The protocol rewards the most active members of the community, whose presence plays an important role in redeeming rewards.

Users can conduct smooth cross-chain asset transactions through Hashflow within seconds without external bridges. All transactions on Hashflow, whether they are traded on one chain or across chains, are guaranteed to have no slippage or MEV loopholes.

All offers from Hashflow are executed at their displayed prices.

Encrypted signatures eliminate front-running. Traders get what they earn.

Hashverse is the first interactive story-driven, gamified decentralized autonomous organization (DAO) and governance platform. Hashverse is an immersive story world developed by Superconductor, a leading Hollywood creative agency, and the token holders represented by the platform will determine the future development of the Hashflow protocol.

Hashflow will launch Hashverse DAO, non-EVM chain deployment (Solana, Aptos, Sui), smart order routing function, limit order, etc.

The price discovery function of the Hashflow acquisition model and the bridgeless cross-chain technology make it stand out among the decentralized trading platforms and provide users with a process trading experience. With a growing offering, growing ecosystem, and strong support, Hashflow is well-positioned in decentralized finance to strive to continue providing the best trading experience.