WOOFi, a global top 10 cross-chain DEX, announces its official launch on Mantle Network, the fast-growing Layer 2 scaling solution for Ethereum. This strategic move positions WOOFi as one of the very first protocols to support LayerZero-powered cross-chain swaps into Mantle Network from 8 popular chains, including Arbitrum, Optimism, and Avalanche.
The decision to launch on Mantle Network is rooted in its impressive growth, with over $2.6 billion across its ecosystem DEXs in trading volume since its mainnet release in July last year. Mantle’s substantial treasury, supported by contributions from Bybit, and the rising adoption of mETH, further solidifies its position as a key player in the DeFi space.
“Mantle’s MAU surged from 14,000 in November 2023 to 370,000 in January 2024 following the launch of their LSP, and we expect the number to keep ballooning. Easier access to mETH will spur a new wave of addicts, and WOOFi will play a key role with hyper-efficient cross-chain swaps th
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