MDEX to deploy on BTTC chain, joining hands with Huobi and TRON to build an L2 multi-chain ecosystem
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MDEX to deploy on BTTC chain, joining hands with Huobi and TRON to build an L2 multi-chain ecosystem
MDEX plans to focus on expanding into new public blockchains as a value growth driver in the first half of 2023, gradually supporting BTTC and other emerging Layer2 blockchains.
Navigating Web3 tides with focused insightsOn April 20, MDEX released an official announcement stating that in the first half of 2023, MDEX plans to focus on expanding into new public blockchains as a key value driver. It will gradually support additional Layer 2 chains such as BTTC to build a more diversified, open, and innovative ecosystem, providing users with more convenient and secure digital asset trading and liquidity management services, advancing its long-term vision of cross-chain asset interoperability.
As a leading DEX and liquidity infrastructure innovator in the decentralized finance sector, MDEX surpassed Uniswap in daily trading volume within less than two months of launch and has consistently ranked first in total value locked (TVL) on the HECO chain. However, reliance on a single chain has constrained the growth of MDEX's capital scale.
Therefore, actively developing a multi-chain ecosystem has always been part of MDEX’s strategic roadmap. As early as March 9 last year, MDEX announced its "Innovation Evolution" plan, aiming to achieve multi-chain deployment during that year’s second quarter across networks including Ethereum Layer 2, BSC, OKExChain, Polkadot, and Near. To date, MDEX has successfully deployed on HECO, BNB Chain, and Ethereum. The current integration with the BTTC blockchain aims to collaborate with ecosystem partners such as BTCC, Huobi, and TRON to further explore and build a robust L2 multi-chain ecosystem, expanding MDEX’s product boundaries once again.
A representative from MDEX stated: “By joining the BTTC ecosystem, MDEX will gain multidimensional value growth at the L2 level—spanning cross-chain ecosystems, multi-chain assets, expanded product scope, and ecosystem benefits. As a Layer 2 solution for Ethereum, TRON, and BNB Chain, BTTC enables seamless asset exchange and forms a super network linking all blockchain networks. This will help connect MDEX’s infrastructure across multiple heterogeneous blockchains, realizing our vision of enabling cross-chain asset swaps.”
Notably, BTTC is the industry's first heterogeneous cross-chain interoperability scaling protocol, jointly developed by the core team of TRON and BitTorrent, initially supporting TRON, Ethereum, and BSC. It adopts the Proof-of-Stake (PoS) consensus mechanism, deploys multi-node validation, performs off-chain matching via sidechains, is fully EVM-compatible, and supports smart contract expansion. This year, BTTC also plans to introduce ZK (zero-knowledge proof) technology, enabling users to build decentralized applications anywhere while offering DApps a secure, low-cost, and fast development environment—ultimately creating an open, inclusive on-chain ecosystem for everyone.
Huobi, a founding participant in both the BTTC and HECO ecosystems, commented: “MDEX’s deployment on the BTTC blockchain as a top-tier DEX within the HECO ecosystem represents another powerful collaboration in the L2 space. We hope to leverage the combined strengths of the HECO and BTTC ecosystems, forming diverse cross-chain partnerships with collaborators, exploring greater possibilities in the L2 sector, and delivering safer, more convenient, and lower-cost virtual asset trading services to users.”
Additionally, a Huobi representative revealed that in support of this collaboration, Huobi will provide platform resources, social media promotion, and community backing. Related token listings and reward campaigns will follow. Users on the Huobi platform can participate through designated entry points in activities such as “Cross-chain Transfers to Win Prizes” and “Add and Stake LP to Earn Liquidity Mining Rewards,” with total rewards reaching up to $180,000.
The Layer 2 cross-chain revolution continues. This joint effort among an L2 blockchain, a DEX, and a CEX to co-create a multi-chain L2 ecosystem will break through existing cross-chain limitations by enhancing cross-chain efficiency, technical scalability, product applications, and user experience—sparking new innovations and leading the next wave of Layer 2 cross-chain advancements.
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