Movement Ecology Defi Leader PicWe: Next Generation Full-Chain Trading Infrastructure
PicWe's core initiator was once selected for Wanwu Island S2, with an outstanding understanding of DeFi and industry cycles.Author: Movement Labs
Compiled by: Beihai
As the next-generation full-chain liquidity infrastructure, PicWe has pioneered the first bridge-less, trustless trading model (CATM) in the blockchain space at Movement. It stood out among 2,100 projects at the "Battle of Olympus" hackathon hosted by Movement Labs, winning the DeFi first prize for its disruptive innovation.
Based on the Movement network, PicWe allows users to seamlessly trade assets on any blockchain without the need for traditional cross-chain bridges, adopting a fully decentralized model. For example, traders can use USDT on the Movement network to purchase any token on other chains, including BTC on the Bitcoin blockchain, with the entire process executed by smart contracts and completely decentralized.
On the business front, PicWe has demonstrated remarkable growth over the past three months, attracting 727,000 users and processing 221,000 interactions from 163,000 unique addresses. The platform has facilitated a trading volume of $326 million. These early data validate PicWe's innovative approach to full-chain liquidity, creating maximized on-chain yields for users and liquidity providers while establishing its leading position in the Movement ecosystem.
The three core advantages of PicWe as an infrastructure are:
1) Enhanced yield opportunities: Liquidity providers can earn yields across multiple chains simultaneously, breaking the limitations of single-chain liquidity pools.
2) Improved accessibility: The platform's B2B2C infrastructure and full-chain liquidity SDK enable any project to easily integrate cross-chain functionality.
3) Maximized returns: Through PicWe's Chain Abstract Trading Model (CATM), users can optimize returns by aggregating liquidity yields from all supported chains.
PicWe's rapid growth is not only attributed to the strong technical support from Movement Labs but also to the global founding team's continuous efforts in the industry over the years. The core initiators were selected for the Wanwu Island S2, demonstrating excellent insights into DeFi and industry cycles.
