In line with the multichain future vision, DODO is expanding the list of networks it is available on. DODO is officially launching on the NEAR Protocol, using Aurora as the Ethereum-compatible scaling solution! Not only that, but DODO have reached an agreement with the NEAR team to have DODO as the ‘blue chip’ decentralized exchange (DEX) on their platform. This unprecedented deal will ensure that DODO has ‘first mover’ advantage in this new and exciting space.
The NEAR Protocol is a Proof-of-Stake (PoS) blockchain that’s intended as a community-run platform to host decentralized applications (dApps), but with unique sharding technology designed to make it much cheaper and more scalable than some popular competitors like Ethereum. Does this mean the hardworking developer community has to reprogram the whole DEX from scratch? Not at all! Using Aurora as the Layer 2 go-between, DODO is able to seamlessly deploy onto the NEAR Protocol, despite having been developed to be compatible with the EVM.
“We’re excited to see big Ethereum players coming to Aurora to expand their businesses,” Alex Shevchenko, CEO of Aurora, said, “I’m glad that in such a short timeframe we were able to satisfy all the technical requirements of DODO: RPC methods, The Graph integration, and others. And now on Aurora we see one of the most influential decentralized trading protocols being fully operational.”
Why DODO On NEAR?
You might be wondering, “Ok, yet another chain DODO’s integrating with. Why should I care?” You might also be surprised to learn that Aurora currently has an average block time of one second and zero transaction costs (you read that right)! The NEAR Protocol and Aurora are fast, low-cost, easy to use, secure, and meet all of our technical requirements. The NEAR Protocol is also climate neutral, so you can save the environment and save money, too. Based on these and other considerations, the DODO Team has determined that NEAR/Aurora will likely be the “next big thing” in Layer 1 technology. Together, we foresee this deployment ensuring DODO’s continued growth and market success for years to come.
There has never been a better time to make a dApp on NEAR - and if that’s something you’re into, please don’t hesitate to contact DODO.
Looking Ahead
DODO expect to achieve the following over the next six months:
- Total Value Locked (TVL): $100M+
- Volume: $300M+
- Users: 100k+
- Transactions: 100k+
To achieve these, the DODO and Aurora/NEAR teams will collaborate in a marketing campaign to promote the deployment, and especially our generous user incentives, on all official channels.
“Our deployment on the NEAR Protocol is unlike our other recent multichain campaigns,” said Diane Dai, DODO’s CMO, “Since DODO has a unique ‘blue chip’ advantage on NEAR, we are more prepared than ever to bring market-leading liquidity to as many people as possible.”
Aurora believes that the launch of DODO is an important milestone in creating a healthy NEAR and Aurora ecosystem with strong partners and a great variety of products for the community.