Talisman Boosts Polkadot User Base with New Cross-Chain Swaps

George Town, Cayman Islands, October 18th, 2024, Chainwire

Talisman, the premier web3 wallet connecting the Polkadot and Ethereum networks, has introduced its latest cross-chain swaps feature, further establishing its position in attracting more users and liquidity to Polkadot. This new functionality streamlines the asset swapping process between prominent blockchain ecosystems, improving connectivity for users trading assets across Polkadot, Ethereum, and Substrate networks.

Streamlining Cross-Chain Asset Swaps

The process of exchanging assets across various blockchain ecosystems has traditionally been intricate, often necessitating multiple custom bridges and DApps. Talisman simplifies this by incorporating popular routes and assets directly into its Portal, allowing users to conduct swaps effortlessly between Polkadot, Ethereum, Arbitrum, Bittensor, Manta Network, and even Bitcoin. Whether users opt to swap ETH on Arbitrum for DOT or acquire tokens like TAO or MANTA for staking, Talisman provides easy access to sought-after swap pathways within its cross-chain swaps interface.

By enhancing the accessibility of cross-chain swaps, Talisman is not only improving the user experience but also injecting new liquidity into Polkadot’s expanding ecosystem.

To begin swapping, users can navigate to the Talisman Portal.

Available Routes and Assets

Talisman currently facilitates several cross-chain routes with essential assets, including stablecoins and native tokens across Polkadot, EVM, and Substrate projects, as well as Bitcoin. The available routes include:

Polkadot <> Ethereum/Arbitrum featuring: USDC, USDT, ETH, WBTC, and DOT
All <> Manta Pacific EVM featuring: MANTA and ETH
All <> Bittensor with native TAO
All > Bitcoin with native BTC

Collaborating with Leading Swap Providers

To guarantee a seamless experience and optimal liquidity for Polkadot and other networks, Talisman has allied with top-tier providers such as:

Chainflip: A decentralized exchange protocol that allows smooth cross-chain asset swaps with minimal slippage and rapid transaction speeds, supporting networks like Bitcoin, Ethereum, Solana, and Polkadot.
SimpleSwap: A non-custodial exchange service offering access to over 2,000 cryptocurrencies and 800,000 crypto pairs across more than 100 chains, complete with 24/7 support and no registration necessary.

User-Centric Features

Talisman’s cross-chain swaps feature aggregates various providers to help users compare options, costs, and estimated transaction durations. Users can manage accounts across multiple chains with ease, swapping between Substrate and EVM accounts directly within the Talisman Portal without the need for separate transactions.

Using Talisman Portal for Cross-Chain Swaps

Connect: Access the Talisman Portal using your Talisman Wallet (Ethereum or Polkadot accounts) at app.talisman.xyz.
Navigate: Go to the “Swap” section at app.talisman.xyz/transport/swap.
Select: Choose the assets you wish to exchange.
Pick Account: Select your destination account.
Complete: Choose from the available swap providers and finalize your transaction.

Looking Forward

Talisman is dedicated to expanding its cross-chain swap functionalities by incorporating more routes and assets. Additionally, the company is working to integrate swap capabilities directly into the wallet extension, enhancing user convenience for on-the-go swapping. By simplifying cross-chain swaps, Talisman is contributing significantly to the growth of the Polkadot ecosystem, bringing in more users and liquidity while elevating the user experience across various blockchains.

About Talisman

Talisman is a web3 wallet designed to allow users to explore applications throughout the Ethereum and Polkadot ecosystems. With Talisman, users can safely store, send, and receive assets while connecting to diverse applications.

For additional information, visit Talisman Website or follow us on Twitter and Discord.