The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

LFG Market Integrates Portal To Offer Trustless Cross-Chain Ordinals Trading

by ChainWire
July 17, 2023
in Industry Announcements

July 17, 2023 – San Francisco, United States


Portal, a self-hosted wallet and true cross-chain layer two DEX built on Bitcoin, is thrilled to announce that LFG Market, a marketplace for Ordinal NFTs and Bitcoin-based BRC-20 tokens, has chosen to integrate the Portal DEX protocol to offer users cross-chain trading of Ordinals and BRC-20 tokens.

The integration of Portal DEX will make cross-chain transactions between Bitcoin and other digital assets fast, secure and private.

With this, LFG users will be able to purchase the Ordinal NFTs and BRC-20 tokens using assets from other chains such as Ethereum without bridges or custodians.

Utilizing Portal’s ‘cross-chain Atomic Swaps’ technology for payments in any NFT marketplace is a monumental first in the NFT ecosystem.

Jason Rosenstein, co-founder of LFG Market, said,

“LFG is looking for solutions that allow ETH and other NFT collectors seamless access to Ordinal trading, and we found Portal to be the best solution available. So, it makes total sense to integrate Portal’s DEX protocol.”

The creation of Ordinal inscriptions on the Bitcoin blockchain has led to over $210 million in Ordinals trading volume, according to the latest quarterly report by DappRadar.

With DEXs gaining a stronger foothold in the crypto industry, the interest in NFTs on Bitcoin is only expected to shoot up in the future.

According to Nansen, four percent of the US population owns an NFT – but it was almost non-existent on Bitcoin until the Ordinals revolution in 2023.

For Ordinals to truly take off as the value layer for data and information, cross-chain solutions are needed to bring the much bigger non-Bitcoin NFT audiences from across the blockchain space to access Bitcoin Ordinals with security and trust-minimization.

Whether it’s ETH NFT fans or Solana NFT fans, there still is no ability to exchange their treasured NFTs in a trust-minimized way across chains.

Bridge solutions and wrappers are cumbersome, often custodial and highly vulnerable to security threats.

Portal’s cross-chain Atomic Swaps functionality being built into LFG Market and other DEXs allows for stablecoin payments – that today only exist on EVM-compatible chains – seamless access to Bitcoin BRC-20 and Ordinal purchases.

While the LFG Market currently accepts payments only in BTC, other tokens – such as ETH, USDC, USDT and even tokens on layer two EVMs like Arbitrum and more – will be accepted after integrating the Portal DEX protocol.

Since Portal’s Atomic Swaps operate at layer two without bridging, it is both the safest and least expensive way to trade cross-chain.

Portal is working on supporting as many compatible blockchains, wallets and DeFi apps as possible.

Chandra Duggirala, CEO of Portal, said,

“Based on our research, we know that marketplace and DEX operators value UX and liquidity. We’ve worked tirelessly to ensure that our infrastructure integrates smoothly with their existing setups, minimizing engineering overhead – while cross-chain liquidity aggregation helps them increase volumes and offer more assets and features to their users.”

Portal believes that blockchains are specialized and that each chain is optimized to do one thing – at the expense of other tradeoffs.

Bitcoin is purpose-designed to be sound peer-to-peer money with superior censorship resistance. Ethereum, on the other hand, was designed for composable utility.

By enabling seamless swapping of assets between incompatible chains, Portal helps aggregate liquidity across many chains, ending the fragmentation problem and helping marketplaces like LFG and others grow their user bases and value propositions.

About LFG Market

LFG’s mission is to create a platform that simplifies and enhances the trading process of Ordinals and BRC-20 tokens.

LFG is a seamless and efficient trading environment that enriches the digital asset ecosystem and facilitates novel financial interactions on top of Bitcoin.

For further information, visit the links below.

Website | Twitter | Discord

About Portal

Portal is building the cross-chain DEX protocol and ecosystem tools to help DEXs and users seamlessly own, exchange and contract across blockchains while minimizing custodial risk.

With Portal, DeFi becomes a service that anyone can provide, maintaining anonymity within open, transparent markets with a security model as robust as Bitcoin mining.

For further information, visit the links below.

Website | Twitter | Telegram

Contact

Chandra Duggirala, CEO of Portal

Press, Portal

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.


Follow Us on Twitter Facebook Telegram

Check out the Latest Industry Announcements
 

 
Submit a Press Release

Industry Announcements

  • Sui Joins DeFi Leaders, Topping $100 Million in Bridged USDC
    December 7, 2023
  • WOW EARN Unveils Layer One Blockchain, Redefining Efficiency and Global Accessibility
    December 5, 2023
  • LandX Closes Private Round Securing Over $5 Million in Private Funding
    December 4, 2023
  • Chromia Confirms Mainnet Release in 2024
    December 4, 2023
  • CAGA Crypto – Decentralized Financial Movement Unveiled on MEXC and Bitget
    December 4, 2023
  • TMNG Tokens Successfully Listed on MEXC Crypto Exchange
    December 1, 2023
  • Sui Surpasses $150 Million in TVL, Showcasing Blistering DeFi Momentum
    November 30, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$43,938.77
$43,938.77
0.44%
Ethereum
$2,350.85
$2,350.85
0.04%
Cardano
$0.577861
$0.577861
7.17%
XRP
$0.667865
$0.667865
0.26%
Dogecoin
$0.099533
$0.099533
1.3%

Spotlight

  • Here’s a Possible Bitcoin Price Path to $200,000, According to Analyst Who Called 2021 Crypto Market Collapse
    December 2, 2023
  • Whale Accumulates About $187,000,000 Worth of Bitcoin and Altcoins From Binance in Just Three Days: Lookonchain
    December 2, 2023
  • Top Ethereum (ETH) Wallets Forming an ‘Encouraging Pattern,’ According to Crypto Analytics Firm Santiment
    December 2, 2023
  • Bitcoin’s 2022 Bear Market Differed in One Critical Way Compared to Its 2018 Slump: Crypto Analyst Jamie Coutts
    December 2, 2023
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2023 The Daily Hodl