Celer Network and NevDEX have partnered to build a new cross-chain trading infrastructure

Celer Network recently partnered with a decentralized exchange platform based on the Nervos blockchain NevDEX. The partnership will see cBridge stablecoin USDC & USDT listed as a trading pair and build cross-chain trading infrastructure with Celer Network.

NevDEX noted that they are very excited to announce this partnership as Celer Network cBridge users will be able to bridge assets from a variety of different EVM compatible chains back to Nervos Godwoken and trade on NevDEX.

Benefits of the partnership

Celer Network is a major player in the field of interoperability and usability. Finally, it acts as a protocol that enables a one-click user experience to access NFTs, DeFi, GameFi, governance, tokens, and more – all on different blockchains. It essentially allows developers to build inter-chain native dApps using the Celer inter-chain messaging framework.

According to NevDEX, the partnership will provide much-needed and sophisticated cross-chain infrastructure developed by Celer Network. As a result, the project will be able to build a robust cross-chain trading experience and later use Celer’s IM SDK for cross-chain order book trading.

Users will also see many benefits, including the ability to trade assets between Godwoken and various EVM-compilable chains such as Ethereum, Avalanche, Binance Smart Chain, and others.

Of course, NevDEX will support the cross-chain order book matching feature, which will allow market and limit orders on Godwoken to be matched with orders from other EVM-compatible chains, and it will even enable the ability to execute trades, giving traders and investors a lot more options and more liquidity. Simply put, users can place cross-chain orders in the order book and trade assets directly between different chains without having to perform tedious cross-chain operations.

How does cBridge help?

NevDEX sees great potential in Celer Network’s cBridge and expects the bridge to help become the leading decentralized exchange in the DEX sector. Finally, cBridge is a decentralized and non-custodial asset bridge that supports over 130 different tokens. It combines over 35 blockchains and layer 2 rollups and was built using Celer’s Inter-Chain Message Framework.

To date, cBridge has processed over $10 billion worth of crypto between different chains and served over 100,000 unique users. Furthermore, since its initial release, it has continued to grow, both in terms of users and the blockchains it is connected to.

NevDEX intends to combine it with its own service – a DeFi exchange platform that already offers DEX, yield farming, non-fungible tokens and more. Not only that, NevDEX also aims to provide Nervos network users with a comprehensive infrastructure that will revolutionize trading. Indeed, it means making its service as good and reliable as any CEX while maintaining the spirit of decentralization, and Celer Network’s cBridge is the next big step in achieving this.

To learn more about Solana, visit our Investing in Celer Network guide.

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