Everything That Happened at Symbiosis Ecosystem - Digest (13.05-26.05)

Another two weeks have passed at Symbiosis! As we continue to navigate through an ever-evolving market landscape, our team's commitment to keeping you informed remains steadfast. 

This time Symbiosis had exciting updates, key collaborations, and market insights that highlight the dynamic nature of our industry. 

Let’s delve into the digest and reflect on the new features and exclusive insights we published these two weeks to stay ahead and connected 🐙

Updates and New Features at Symbiosis

Enabling Back Swap to Bitcoin

Thanks to THORChain, we have fully brought back the swaps to BTC. From now on, users can exchange any supported assets from more than 25 blockchain networks to Bitcoin via one transaction. 

There is a great complete guide on how to swap your preferred tokens to BTC - learn more about seamless swaps to BTC here. 

New Look for Symbiosis WebApp

There’s always space for improvement - we rolled out the new hot features to our Exchange page at Symbiosis WebApp. The terms and overall process of your swap or bridge operation now looks more detailed and fresh:

• When you choose an asset to swap, you can now see the dollar value calculation;

  
  

• There’s no more need to predict the time of your exchange as the estimated time of the swap is now displayed in the Estimated Time field;

  
  

• Additionally, you can extract the contract address for the chosen token and even add the asset to your favorite ones. Let’s spend less time and perform manual actions!

  
  

Check our thread on Twitter/X telling more about each of these updates and where to find them!

TRON and Symbiosis - New Milestones for swaps on TRON

Recently, we shared some interesting statistics on the supported blockchain at Symbiosis WebApp - TRON. 

Since Q4 2023 the volume of exchanged funds via TRON at Symbiosis skyrocketed from the equivalent of $5.2 M to the breakthrough of $24.3 M in Q2 2024. It resulted in more than 467% growth! 

Check the stats in our Twitter/X post right here. 

Collabs and Campaigns

zkLink x Symbiosis

Since the Aggregation Parade campaign from zkLink Nova still goes on, there’s a great opportunity to earn additional Nova Points while swapping to zkLink Nova via Symbiosis. Learn more about the rules and read the full guide in our Blog Post dedicated to the campaign!

TON is Coming to Symbiosis

As TON grant recipient, Symbiosis was mentioned in the Blog Article with an explanation of the project that our team is working on. The launch of the cross-chain protocol on TON to activate seamless swap and bridge operation on the blockchain is inevitable and is coming soon!

Voting on the New Network - Sei v2 

Symbiosis launched the DAO voting on adding Sei v2 - a Layer 1 blockchain network with the support of Parallelized EVM. The community has spoken, check the results in the Symbiosis Snapshot page. 

Scroll Sessions x Symbiosis

Good news for Scroll community members! Every user that swaps and bridges to Scroll Mainnet can earn Scroll marks within the Session Zero period - one of the seasons in Scroll Sessions. It has been confirmed that Symbiosis bridges open access to receiving points.

AMA with StealthEX

StealthEX kindly provided us with a recap of an exclusive AMA session with Nick Avramov - the co-founder of Symbiosis. Go read it, because we talked not only about general stuff like liquidity capturing, challenges from CEXes and our ultimate goals as the cross-chain protocol. Check it out!

Stay Informed and Updated

Our team has prepared lots of new features and amazing collaborations for the upcoming summer. Don’t forget to check out our Socials and look closely at the announcements we publish in our channels!

Important links:

• Our X/Twitter

• Discord Community

• Telegram Chat

• Documentation