SINGAPORE, June 7, 2022 /PRNewswire/ — Althena announced the launch of its proprietary decentralized aggregator with smart order routing which will enhance the liquidity in decentralized finance in the Algorand network.
Althena is the first to market with a platform conceived to provide market with unparallel cost savings by aggregating multiple decentralized exchanges, market markets and lending protocols.
The protocol will allow users to leverage optimal prices to swap from one token to another, building transaction data that can be used to execute on-chain transactions. Users will also benefit from the heightened assurance of authenticity and validity of these undertakings.
A senior representative of Althena’s tech team, Ms Joy Cham, had this to say when asked about the platform, "Our model was founded on the knowledge that the cryptocurrency sphere is still comparatively small in relation to other global markets. This comes with its own host of issues such as fragmented liquidity across its indexes as well as lack of dominant value amongst the host of new projects emerging".
Ms Cham continued, "We are determined to provide a revolutionary solution that will provide for price optimisation, save time for our users, create better pricing strategies as well as leverage a product that has been proven to be efficient within the EVM world".
The platform also lends credibility as a grant recipient from the Algorand Foundation, said to provide the world’s most decentralized, scalable, and secure blockchain infrastructure solutions.
Althena’s rapid development will culminate in the provision of larger indexes of dexes as well as multi-chain integration by early 2023.
You can find out more about the company here. You can also keep abreast of their developments on GitHub and Twitter via @Althenalabs.
Kindly direct all media enquiries to talk2superjoy@gmail.com.
About Althena
The goal of Althena is to deliver the best market prices for traders and developers by aggregating over multiple decentralized exchanges, market makers, and lending protocols.
The overarching mission of the aggregator is to allow users to fetch optimal prices to swap from one token to another and then build transaction data that can be used to execute transactions on-chain.