Decentralised finance – global, peer-to-peer, and third-party free – is set to change the way the world banks, but the blockchain technology it depends on is, transactionally, relatively slow. BloXroute aims to combat this issue, opening DeFi up to the masses, with a blockchain distribution network to let users avoid network congestion and receive critical trade information faster.
The peer-to-peer nature of DeFi requires everyone to be connected to everyone else in order to access info on, for example, prices or arbitrage opportunities. BloXroute supplies this connection, by propagating DeFi information quickly, which allows its users to make better trades. The network is blockchain agnostic, supporting a number of networks including Ethereum and Polygon, giving it high utility in the space.
Funding raised by the company can be expected to grow teams and expand business reach, and with the popularity of DeFi ever increasing, BloXroute should have all the room in the market that it needs to grow.
Kirsty
Company Specialist at Welcome to the Jungle
