DODO will be joining the Solana Ecosystem

Dodo are incredibly proud to announce that DODO is joining the Solana ecosystem.

This deployment is an essential next step on DODO’s path of multi-chain development and interoperability. It will also create new channels for DODO to build relationships with institutional market makers, and will multiply the growth potential of DODO NFT, our price discovery and liquidity protocol for non-fungible tokens (NFTs).

The DODO team ultimately plans to deploy a full suite of products on Solana, including spot trading, SmartTrade, Crowdpooling, NFT issuance, and NFT fractionalization. Integration of additional features will be developed and announced in the coming months.

Solana is a Layer-1, smart contract-enabled blockchain that is built for scalability and speed: using a combination proof-of-stake and proof-of-history consensus mechanisms, Solana’s decentralized network is capable of supporting 50,000 transactions per second (TPS).

“We’re extremely excited to have DODO on board,” said Dominic Tsang, Head of Business Development at Solana. “They’ve really pushed the boundaries and innovated on the traditional AMM model using their Proactive Market Maker (PMM) algorithm, which sustainably improves capital efficiency for big and small players alike. Combined with Solana’s performance, we think this will unlock even more improvements and use-cases for DODO.”

About DODO

DODO is a Decentralized Exchange (DEX) running on Ethereum and Binance Smart Chain.

About Solana

Solana is a smart contract platform that aims to natively solve many of the scaling and throughput issues faced by other layer-1 blockchain solutions. Its primary focus is on scalability and the ability to support high-usage dApps without any performance bottlenecks. The network uses a combination of proof-of-history and proof-of-stake systems that allow validators to independently trust the time and order of transactions.

📰 INFO

https://medium.com/dodoex/dodo-is-coming-to-solana-5c6e61550b09