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23 April 2021

Balancer Ventures Outside Ethereum, Aims to Be Algorand's Uniswap - Decrypt

Balancer Ventures Outside Ethereum, Aims to Be Algorand's Uniswap - Decrypt


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Balancer, one of the largest decentralized exchanges built on Ethereum, is coming to Algorand.

But, as long as it’s on the Ethereum blockchain, Balancer’s protocol can only perform swaps for ERC20 tokens, a specific type of asset built atop Ethereum.

Expanding to Algorand, then, lets it reach a whole new set of assets built atop that blockchain known as Algorand Standard Assets.

Circle's USDC stablecoin announced last year that it was expanding to Algorand, adding an easier way for crypto traders to get started on that blockchain.

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