Multichain exchange aggregator RocketX has launched the beta version of its API, allowing developers to enable token swaps across over 100 blockchains in their decentralized apps. The beta API can be used to integrate self-custodial swap functionality into any type of dApp, including DeFi, GameFi, NFT marketplaces, and more.
RocketX is the first protocol to aggregate liquidity from the entire CEX and DEX landscape with the aim of allowing token swaps across any chain. Now, with the launch of the API, interoperability extends to dApps across all 100+ blockchains supported by RocketX, including Bitcoin, Ethereum, Polygon, Solana, Cosmos, BNB Chain, and more.
The API sources more than $100 billion in liquidity from over 450 centralized and decentralized exchanges using an advanced discovery and routing algorithm to enable swaps between over 20,000 tokens. The algorithm seeks the most competitive rates from every supported DeFi ecosystem, offering the lowest fees and a rapid response time of under one millisecond. RocketX supports all major self-custodial wallet types, including MetaMask, Coinbase, TrustWallet, and Phantom, among others.
RocketX also offers incentives for developers to use the API in their dApps. Each time a user swaps tokens via the API, the dApp operator receives a share of the platform fees for the transaction, creating an additional stream of revenue for the dApp.
As a security measure, the platform operates anti-money laundering (AML) protocols, offering an assurance of compliance for dApp operators. On-chain analytics scan for suspicious activity and will halt any transactions that may be deemed risky until the user undergoes an identity verification check.
All the API features can be put into production with a few straightforward lines of code, giving access to all supported wallets, assets, blockchains, and exchanges.
A timely move amid a liquidity surge?
The beta API launch is a significant milestone on the RocketX 2023 roadmap, a year in which the project has enabled interoperability between over 200 blockchains and integrated liquidity from leading CEXs, including Bybit, OKX, and MexC. In November, MicroVision Chain ($SPACE) became the latest integration to the RocketX platform.
RocketX’s move to allow API access to the liquidity on its platform could be timely, given the recent surge of bullish activity in the cryptocurrency markets. In mid-November, BTC rose to levels not previously seen since April 2022 on anticipation that US regulators are set to approve a spot Bitcoin ETF. Analysts have noted that the boost in liquidity could be a signal for further bullish activity ahead and suggested that Binance’s recent settlement with the US government removes a major barrier to a spot ETF approval.
