Share this article
DeversiFi Launches Cross-Chain Swaps for Bridgeless DeFi Transactions
The DEX aims to eliminate the gas fees and extra steps associated with multi-chain ecosystems, even if it sacrifices network security.
By Cam Thompson
Updated May 11, 2023, 4:57 p.m. Published Jun 8, 2022, 4:54 a.m.
Decentralized exchange DeversiFi is launching a new feature for decentralized finance (DeFi) traders: cross-chain swaps, allowing users to transact across multiple chains.
In current multi-chain ecosystems, users have to set up multiple wallets or bridges, paying gas fees on transactions between tokens. DeversiFi founder Will Harborne said he aims to solve this by integrating multiple chains to facilitate more efficient transactions.
STORY CONTINUES BELOW
“We remove the cognitive load and complexity – they can just buy tokens on other chains without ever needing to consider the bridges,” said Harborne.
According to Harborne, DeversiFi currently has 63,000 users. It will build out its cross-chain feature by first integrating Polygon and, in the coming months, incorporate Avalanche, BNB Chain, Optimism and Arbitrum.
In order to facilitate this upgrade, DeversiFi is partnering with decentralized exchange (DEX) aggregator ParaSwap to aid users in converting their USDT or USDC tokens into Polygon tokens to keep transactions within DeversiFi.
DeversiFi’s cross-chain upgrade follows a trend of protocols looking to multichain. In March, DeFi protocol Aave launched its version 3 upgrade to prioritize cross-chain swaps, and in April, DeFi platform Hashflow introduced bridgeless, cross-chain swaps.
However, cross-chain capabilities don’t come without risk.
The $625 million Ronin Hack (the blockchain behind Axie Infinity) exposed the safety risks associated with sacrificing decentralization in cross-chain transactions. Similarly, the Poly Network hack in August may have been triggered by signing a cross-chain message, accidentally leaking a private key.
“We don’t reduce the risk,” said Harborne on DeversiFi’s launch. “We simply make it far easier for users to access other chains.”
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Solana’s Drift Launches v3, With 10x Faster Trades
With v3, the team says that about 85% of market orders will fill in under half a second, and liquidity will deepen enough to bring slippage on larger trades down to around 0.02%.
What to know:
- Drift, one of the largest perpetuals trading platforms on Solana, has launched Drift v3, a major upgrade meant to make on-chain trading feel as fast and smooth as using a centralized exchange.
- The new version will deliver 10-times faster trade execution thanks to a rebuilt backend, marking the largest performance jump the project has made so far.
Top Stories
