As a seasoned crypto investor with a knack for navigating the complexities of the blockchain universe, I find the recent partnership between Ledger Live and THORChain a game-changer. Having weathered numerous market cycles and witnessing firsthand the evolution of this industry, I can confidently say that this integration is a significant step towards mainstream adoption.
Through a new partnership, Ledger Live now offers users the ability to perform cross-chain asset swaps using the decentralized finance platform THORChain. This means that you can easily switch assets between different blockchains directly from the Ledger Live application.
In my latest update on October 22nd, I’m thrilled to share some exciting news: Our hardware wallet brand has formed a strategic partnership that enables smoother asset swapping between various blockchains! This means you can now effortlessly swap assets like Bitcoin (BTC) for Ether (ETH), and more, right from your wallet.
For the first time, Ledger has connected a decentralized finance procedure within its Ledger Live app, enabling direct exchanges between different blockchains.
THORChain operates as a decentralized exchange platform, enabling users to trade assets between various blockchain networks, all without the need for wrapped tokens.
In a subsequent article, Ledger clarified that users of the Ledger Live application, which enables trading, exchanging, and staking of cryptocurrencies through a cold storage device, can now exchange assets by navigating to the “discover” section and activating the latest function.
On October 18th, an anonymous crypto expert hinted at the possibility of THORChain linking up with Binance‘s Web3 wallet in the near future. This is a digital wallet service for cryptocurrencies that users can manage directly through the Binance platform.
In a manner that doesn’t explicitly validate the conjecture, THORChain founder John-Paul Thorbjornsen (known as “JP THOR” on X) replied with, “And that’s just the beginning.
The partnership with Ledger comes one month after THORChaion announced a major integration with the decentralized finance network “Rujira Alliance” — a new ecosystem formed when Kujira merged with several of its major ecosystem projects.
On September 10th, Kujira combined forces with three collaborators – Fusion, Unstake, and Wink – to establish the Rujira Union, aiming to develop a fresh application layer for THORChain.
In that moment, Thorbjornsen informed CryptoMoon that the upcoming application level wasn’t just another small endeavor, but a potential giant in the DeFi landscape, capable of competing with Solana in terms of functionality and transaction volume at some point.
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2024-10-22 04:02