atomic.blue currently supports the Ethereum blockchain and the Binance smart chain. Features include the positive slippage to the user, and the ability to bypass the atomic.blue contract and directly call other transaction protocols to help users save Gas fees.
Written by: Karen
The popularity of 1inch and other DEX aggregators, which are dedicated to optimizing the DEX trading experience, continues to rise, but pain points such as high-frequency gas costs and high transaction costs still limit the development of aggregators.
The renamed atomic.blue has been re-released and targeted optimizations have been made. According to the official statement, the beta version is currently only open to qualified DeFi senior users. This mechanism, which was limited to the participation of experienced users in the initial stage, and the recommendation of yearn.finance (YFI) founder Andre Cronje has aroused great attention in the DeFi market.
So, what kind of project is atomic.blue? What are the characteristics? Will tokens be released? The chain smell will take you to find out.
What is atomic.blue?
atomic.blue focuses on developing DEX aggregators to provide the best exchange rate for all on-chain liquidity. Currently, the supported networks are the Ethereum blockchain and the Binance Smart Chain (BSC), and the supported wallets include MetaMask, WalletConnect, and TrustWallet.
Its predecessor, dex.blue, established in 2018, is a decentralized exchange based on an order book, using off-chain matching and on-chain settlement, and aggregates from Kyber and Oasis in addition to the platform’s own order book. And Uniswap’s liquidity. According to the official dex.blue page, dex.blue has been deprecated at the end of February 2021, and currently only provides cash withdrawal services.
The two co-founders of atomic.blue are Magnus Hinkel and Angelo Min. Magnus Hinkel also serves as the head of operations. He was previously responsible for business development at the software company Freachly, and Angelo Min previously worked at Google.
Users can connect to the wallet address on the atomic.blue “Degen Score” page for qualification verification. However, the author found that there is no threshold for the current beta version of the product, and wallet addresses that have not previously conducted any transactions can also access the beta version.
Degen is used to describe investors who frequently exchange DeFi tokens.
In addition, the “Degen Score” page also constructed a ranking of the top 1,000 DeFi users based on the certification scores, and most users hide their addresses. It is worth mentioning that the public address information of the top Degen is also organized on Etherscan .
What are the characteristics of atomic.blue?
atomic.blue aggregates multiple decentralized trading protocols such as Uniswap, Balancer, SushiSwap and Moonswap, and finally provides users with the best price by splitting transactions directly on a single exchange or on multiple exchanges, and is committed to solving the frequency of transaction failures High, expensive gas, and low transaction efficiency.
Most importantly, if the settlement price is higher than the price when the transaction is submitted, the ” positive slippage ” generated will belong to the user.
Another highlight of atomic.blue is that other trading protocols such as Uniswap, Balancer and Curve can be directly invoked without the atomic.blue contract. For example, if atomic.blue compares the prices of multiple exchanges and finds that direct trading at SushiSwap is more favorable, the transaction will bypass the atomic.blue contract and use the SushiSwap routing directly to save Gas fees.
In addition, atomic.blue will also use Mempool data to estimate the best gas price that can ensure transaction settlement on the transaction page. In addition, in the settings, users can choose to use CHI Gastoken or GST2 Gastoken. Among them, CHI Gastoken is developed by 1inch, which can optimize the transaction cost on the Ethereum chain.
summary
The popularity of the DEX aggregator track is not diminished. The atomic.blue type of aggregator that was initially targeted at DeFi veterans and considered from the user’s point of view in terms of slippage and gas cost may become a leading aggregator such as 1inch in the near future. A strong competitor of the device.
It is worth mentioning that atomic.blue has not issued any coins yet. Angelo Min, co-founder of atomic.blue, previously stated in Discord that there is currently no plan to issue coins. In addition, atomic.blue is constantly optimizing trading paths and market charts.
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