Home NEAR Intents Connects Robinhood Chain To More Than 30 Networks For Crypto Swaps

NEAR Intents Connects Robinhood Chain To More Than 30 Networks For Crypto Swaps

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NEAR Intents Connects Robinhood Chain To More Than 30 Networks For Crypto Swaps
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NEAR Intents has added Robinhood Chain to its 1Click Swap API, allowing users to swap supported crypto assets between Robinhood’s network and more than 30 other blockchain networks. The integration was announced on October 8 and is already available. Developers can also use the service in their own applications.

According to NEAR Intents, users can swap Ether (ETH) and the stablecoin USDG against more than 180 assets across these networks. However, not all of these assets are available directly on Robinhood Chain.

Robinhood Chain is built using Arbitrum technology and works as a layer-2 network for Ethereum. Layer-2 networks are designed to handle transactions more efficiently while remaining connected to the main blockchain.

The new integration allows applications to arrange swaps between supported assets on different networks through a single API. An API is a tool that allows different software systems to communicate with each other. Developers can use it to request prices, carry out cross-chain swaps and track transactions.

NEAR Intents has also enabled confidential swaps, deposits and withdrawals involving Robinhood Chain. Its documentation lists HOOD, USDG, WETH, USDe, PONS and CASHCAT among the initially supported assets. These assets can be accessed through both public and confidential transaction routes. The service also supports confidential execution and limit orders.

Developers can build these features into their own applications using the 1Click Swap API. NEAR provides software development tools for TypeScript, Go and Rust, making the integration useful for developers working with different programming languages.

The move follows other efforts to bring more assets to Robinhood Chain. In August, Coinbase’s Bitcoin-backed token, cbBTC, was reported to be expanding to the network through Chainlink’s Cross-Chain Interoperability Protocol (CCIP). While that integration uses different technology, both developments aim to make more assets available on Robinhood Chain.

The latest announcement comes shortly after a separate security incident involving NEAR Intents. On October 2, the project’s general manager, Alex Shevchenko, said that the full $3.8 million taken in an exploit had been returned before the October 4 deadline set for the alleged attacker. He also said the team had identified the person responsible and stopped its investigation after the funds were returned.

This incident is separate from the Robinhood Chain integration. NEAR Intents has not announced when more Robinhood Chain assets will be added. For now, the new service gives users and developers more options for moving supported assets between different blockchain networks.

Stay informed with the latest trends in Web3, blockchain innovation, and cybersecurity updates at 3verseTV

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Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

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