Last month in Hangzhou, I met with the project team of PicWeGlobal, who mentioned that they would soon open up move-to-evm cross-chain trading. I found that what they are doing is quite interesting.
PicWe is a full-chain DeFi 2.0 infrastructure, currently serving as the core DEX of the Movement ecosystem, dedicated to creating a transparent and fair value exchange system, aiming to unify the liquidity of all chains and achieve a truly seamless cross-chain trading experience.
The test network has 838,000 wallet addresses, 112,000 interactions, and a total trading volume of 14.6 million USD. The mainnet has just launched for two weeks, and the trading volume of the WEUSD stablecoin on the Movement chain has exceeded 2.5 million USD, with a participation of 4,225 independent users!
#PicWe , through its innovative technology, has solved several major pain points currently faced by on-chain users:
1⃣️ Liquidity fragmentation: Assets across chains cannot interoperate, leading to low capital efficiency. Using bridge-less cross-chain trading (CATM), it completely abandons the traditional cross-chain bridge model, achieving direct trading between chains, reducing intermediaries, and enhancing security and trading efficiency.
2⃣️ Low cross-chain efficiency: Traditional cross-chain bridges are slow and costly. By adopting innovative mechanisms such as Dutch auctions to dynamically adjust liquidity, it ensures balanced liquidity across chains and avoids trading slippage.
Interestingly, #PicWe 's full-chain settlement layer stablecoin WEUSD can serve as an entry point for RWA full-chain investments, allowing holders to invest in various real-world assets with one click. As RWA becomes the main narrative track for the next bull market, WEUSD will undoubtedly become a hot topic!
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