Onomy’s Hybrid DEX & Forex Marketplace Are Coming to Polygon
Onomy Protocol will be expanding its multi-chain initiatives by deploying its hybrid DEX, stablecoins, and a bi-directional bridge with Polygon.
Onomy is creating the market’s first decentralized exchange (DEX) that combines AMM liquidity pools with an order book UI, bringing cross-chain market, limit, stop, and conditional orders to DeFi. Through this integration, additional avenues of liquidity can access Polygon and users may seamlessly trade between multiple asset ecosystems, store their assets on a single non-custodial wallet, and engage in Forex trading, payments, settlement, lending, and yield opportunities using Onomy’s stablecoins.
Polygon’s full-stack Ethereum scaling solution will empower more efficient trading of crypto pairs and FX stablecoin markets, creating utility within its emerging dApp ecosystem. Onomy’s hybrid DEX, on the other hand, will power advanced trading for Polygon users by facilitating a traditional exchange experience whilst retaining decentralization & on-chain processes at its core.
This endeavor further links the world’s blockchains and provides simpler access to DeFi for institutions and retail users. We’re very excited to expand our list of cross-chain deployments with Polygon as we look to reshape the decentralized trading experience and onboard the Forex market.
About Onomy Protocol
Onomy Protocol is a layer-1 Cosmos chain powering a multi-chain & intuitive DEX that combines AMM liquidity pools with an order book UI facilitating market, limit, stop, and conditional orders, alongside FX markets via its stablecoin minting system, and cross-chain asset management through Onomy’s non-custodial DeFi access wallet.
About Polygon
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 3000+ applications hosted, 1B+ total transactions processed, ~100M+ unique user addresses, and $5B+ in assets secured.
