Velodrome enables native cross-chain swaps for its DEX ecosystem on Optimism Superchain

Velodrome, the leading decentralized exchange on Optimism, has unveiled SuperSwaps — an on-chain infrastructure that allows native token swaps across the Superchain ecosystem.

This tool aims to enable cross-chain swaps without the need for traditional bridging solutions, token wrappers, or external liquidity pools.

With this new rollout, users can swap tokens across Superchain networks directly within Velodrome’s interface, streamlining the process of cross-chain transactions.

Unlike traditional cross-chain solutions that often involve complex bridges and fragmented liquidity, SuperSwaps integrates its DEX versions on various Layer 2 chains powered by the interoperability protocol Hyperlane.

The Optimism Superchain — a network of interconnected Layer 2 blockchains built on the $OP Stack — includes prominent chains like $OP Mainnet, Soneium, Lisk, Swellchain, Ink, Celo, Unichain, Mode, and others.

Velodrome has its DEXs spread across these chains, and SuperSwaps enables native swaps among them.

With a total value locked of $92 million, the platform serves as a central liquidity hub in the Superchain, leveraging the ve(3,3) tokenomics model for incentives. Its sister project, Aerodrome (also its fork), is the largest DEX on Base by volume.

Velodrome focuses on Optimism, while Aerodrome serves Base.But their approach is similar, involving a set of decentralized finance incentives and vote-escrowed governance.

This system incentivizes users to stake $VELO or AERO tokens for veVELO or veAERO, which grants holders the right to receive a share of protocol fees proportional to their voting power.

Velodrome and Aerodrome are forks of Solidly, utilizing Andre Cronje’s ve(3,3) design.