The RISE token has now been made available on five blockchains. The RISE token is the native token of EverRise. EverRise, as a firm, aims to expand the DeFi space. EverRise provides solutions for blockchain bridging and security. Recently, EverRise expanded its services to Fantom and Avalanche blockchains.
This development enables EverRise to ensure greater availability of dApps from Fantom and Avalanche.
Mainnet, the blockchain of Fantom, has a TVL bigger than that of BSC. September 2021 saw the launch of the Avalanche mainnet. This has grown to now already support more than 400 projects and has 1.3 million users.
The CEO and Founder of EverRise believe that Fantom and Avalanche chains are poised for enormous growth. Their addition to the EverRise ecosystem will enable the provision of enhanced security to a greater portion of DeFi.
This development now makes it possible for FTM and AVAX to be swapped across the ETH, BSC, and Polygon chains. This will be made possible via the NCS feature of EverRise. Also, using EverSwap, EverRise’s dApp, it will now be possible for users to initiate swaps between ETH, BNB, MATIC, FTM, and AVAX.
EverRise also hosts several dApps such as EverOwn, EverSwap, EverStake, etc. Now developers on Fantom and Avalanche will also be able to access these dApps.
For example, through the dApp EverSwap, the RISE token can now be accessed on any of the other blockchains in the ecosystem. The EverSwap dApp also enables using native coins to collect transaction tax.