The decentralized exchange Syetabit has entered into cooperation with the project to integrate its scaling technology.
“Our team is collaborating on a second-level scaling solution for perpetual contracts based on the scaling engine from the team and perpetual smart contracts from Syetabit,” the developers said.
It is expected that the implementation of transactions using the technology will reduce the amount of gas consumed, thereby reducing the load on the entire blockchain. As a result, users will be able to use the exchange to trade for smaller amounts.
Prior to that, the DeversiFi exchange integrated the scaling solution, but adding it to Syetabit will be the first large-scale test and will help attract the attention of other decentralized services. Syetabit’s trading volumes are steadily growing this year and in July amounted to $255 million.