Bitoro to launch Perpetual Futures ‘ZK Chain’ to Enhance Liquidity

Road Town, BVI, September 4th, 2024, Chainwire

Bitoro is thrilled to announce the upcoming launch of BitoroCore, a groundbreaking on-chain perpetual futures infrastructure, on the Elastic (NYSE:ESTC ) Chain, powered by ZKsync

Bitoro, a decentralized perpetual futures trading platform, today announced that they will be launching BitoroCore, a ZK Chain built on the Elastic Chain ecosystem. BitoroCore is designed specifically for perpetuals, options, and prediction markets, to enhance the liquidity hub within the Bitoro Network and work seamlessly with existing integrations, such as Orderly Network and Injective.

The unified platform is designed to offer a premier on-chain derivatives experience, with markets, liquidity, fees, and features that rival any DEX or CEX. With BitoroCore, users can tap into a cohesive ecosystem of liquidity sources across the widest selection of crypto assets and RWAs, in addition to prediction markets – all accessible via a single, intuitive interface, powered by our community and native token, $BTORO.

Moreover, BitoroCore will feature plug-and-play integrations for builders and dApps, enabling them to easily access our native liquidity. As such, it is set to significantly enrich the Bitoro ecosystem, expanding our user base and increasing our footprint within the DeFi landscape.

The Elastic Chain ecosystem is a network of fully interoperable ZK Chains all built on ZKsync technology. As a ZK Chain, users of BitoroCore will gain access to all other networks on the Elastic Chain and their respective user base. Furthermore, every application building on the Era Mainnet, the first ZK Chain, and all other ZK Chains will be able to easily integrate and leverage Bitoro’s advanced perpetual futures trading infrastructure and liquidity.

Commenting on BitoroCore, Bitoro Founder & CEO Brian Purcell says: “We’re excited to launch BitoroCore on the Elastic Chain to create what we believe will be a groundbreaking development in the on-chain derivatives space. By tapping into ZKsync’s technology, we aim to deliver a truly unique offering and further extend our presence within the DeFi ecosystem.”“It is always exciting to see projects taking the ZK Stack technology and expanding the Elastic Chain ecosystem, and Bitoro is doing just that with the upcoming launch of BitoroCore,” said Marco Cora, Director of ZKsync Foundation. “ZKsync’s scalable and secure infrastructure provides a strong foundation for BitoroCore to offer a superior trading experience for users and developers.”The next chapterAs part of this evolution, Bitoro will undergo a rebranding. Its decentralized trading platforms will now operate collectively as Bitoro Network. The previous distinctions – X, Pro, and Prime – will be consolidated, bringing you a seamless experience across Orderly, Injective, and BitoroCore. Through the platform’s unified interface, users will be able to switch effortlessly between these integrated ecosystems.

Bitoro is incredibly excited about these new developments and are confident they will redefine the DeFi landscape. Users can stay tuned for more updates, detailed timelines, and insights from Bitoro as the company continues to bring BitoroCore to life in the coming weeks and months.

About Bitoro

Bitoro is the world’s first leveraged trading protocol and ecosystem aggregator for the on-chain perpetual futures market. With its platform supporting Ethereum , Arbitrum, Optimism, Mantle, Base, Injective, and soon Elastic Chain by ZKsync, Bitoro unifies the fragmented market under one platform, providing optimal speed, fees, liquidity, incentives, and unparalleled ease of use for traders.

About ZKsync

ZKsync leverages cutting-edge zero-knowledge (ZK) technology to create secure, scalable, and interoperable blockchain solutions. Through its ZK Stack framework, ZKsync enables developers, enterprises, and financial institutions to deploy customizable ZK Chains, forming the Elastic Chain ecosystem. This innovative network offers native, trustless interoperability, enhanced privacy, and unparalleled scalability while maintaining Ethereum's security. ZKsync's mission is to bring crypto to the mainstream, empowering millions of developers and billions of users with digital self-ownership and personal freedom. To learn more, users can visit zksync.io.

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This article was originally published on Chainwire

Source: Investing.com