The Launch of Scroll Testing Network: What You Need to Know about Zada Finance

On April 4th, according to official Twitter, Zada Finance announced the launch of the Scroll testing network. ZadaFinance is a cross Rollup order book DEX built on Scroll, supporting account abstract wallets. And it is the first native open source cross RollupDEX on Scroll. At present, Zada Finance is still in the alpha phase and will launch a dashboard in the future to integrate with Orbiter’s SDK and achieve cross Rollup aggregation transactions.

Cross Rollup Order Book DEX Zada Finance Announces Launch of Scroll Test Network

Introduction

On April 4th, 2021, Zada Finance announced the launch of the Scroll testing network, causing a stir in the cryptocurrency community. Zada Finance is a cross Rollup order book DEX built on Scroll, the first native open-source cross Rollup DEX on Scroll. While still in its alpha phase, it promises to integrate with Orbiter’s SDK and aggregate cross Rollup transactions, offering users great liquidity and efficiency. In this article, we’ll explore Scroll, Zada Finance, and its potential impact on the cryptocurrency space.

What is Scroll?

Scroll describes itself as a “fast and secure Layer 2 scaling solution for Ethereum.” It solves Ethereum’s scaling problems by combining the scalability benefits of Layer 2 solutions with Ethereum’s security guarantees. Scroll is built on top of the Ethereum network, where users can transact seamlessly without interference with the main network.
Scroll aims to provide high throughput and low transaction fees by allowing users to bundle multiple transactions into a single one, thereby reducing gas costs. With its cross Rollup design, Scroll enables users to connect seamlessly across different Layer 2 solutions, regardless of where their assets are located. This interoperability allows for greater liquidity, opening up opportunities for more projects across multiple platforms.

Zada Finance: The Cross Rollup Order Book DEX

Zada Finance is a cross Rollup order book DEX built on Scroll, the first native open-source cross Rollup DEX on Scroll. It supports account abstract wallets, allowing users to transact without the need for addressing specific layers.
Zada Finance’s order book DEX design provides users with a high-level of security with its trustless environment. User funds are stored on Layer 2, which acts as a second line of defense against security breaches.
Zada Finance promises to solve the liquidity problem that plagues many decentralized exchanges. Through its cross Rollup design and integration with Orbiter’s SDK, Zada Finance will offer users great liquidity, thereby reducing the slippage experienced on other DEXs.

The Future of Zada Finance

While Zada Finance is still in its alpha phase, it promises to be a game-changer in the cryptocurrency space. The team is working hard to launch a dashboard that will integrate with Orbiter’s SDK, which will allow cross Rollup aggregation transactions across different Layer 2 solutions. With Scroll’s scalability and Zada Finance’s trustless environment, investors and traders will flock to this innovative project.

Conclusion

The launch of Scroll testing network and Zada Finance’s announcement of its cross Rollup order book DEX have created a buzz in the cryptocurrency space. With Scroll’s scalability and Zada Finance’s trustless environment, we can expect great liquidity and security. The exciting thing about Zada Finance is that it will integrate seamlessly with other Layer 2 solutions, creating a more interconnected and efficient cryptocurrency ecosystem.

FAQs

#1. What is Scroll?

Scroll is a Layer 2 scaling solution for Ethereum that allows users to transact seamlessly without interference with the main Ethereum network. It enables users to bundle multiple transactions into a single one, reducing gas costs.

#2. What is Zada Finance?

Zada Finance is a cross Rollup order book DEX built on Scroll, the first native open-source cross Rollup DEX on Scroll. It supports account abstract wallets, allowing users to transact without the need for addressing specific layers.

#3. How will Zada Finance solve the liquidity problem?

Through its cross Rollup design and integration with Orbiter’s SDK, Zada Finance will offer users great liquidity, reducing the slippage experienced on other DEXs.