WheelX, an AI-powered bridge and swap aggregator that allows people to trade assets across cross-chain blockchain networks, today announced a strategic partnership with PROBABLE, a decentralized prediction market that allows users to speculate on global events, including crypto, economics, sports, and several others. The collaboration facilitated WheelX and PROBABLE to combine their respective DeFi aggregator network and prediction platform to introduce a new, more efficient Web3 experience for users, particularly in the decentralized betting market sector. PROBABLE believes that WheelX can truly help it to expand the efficiency of its prediction marketplace.
PROBABLE is a decentralized prediction marketplace built on the BNBChain, which allows users to trade outcomes on specific events in finance, business, politics, crypto, elections, and several others. It is the third-largest prediction platform in the Web3 betting sector, while Polymarket and Kalshi hold the second and first positions, respectively, according to data from DeFiLlama.
The partnership allows PROBABLE to leverage WheelX’s DEX aggregator infrastructure to widen the effectiveness of its prediction platform by enabling users to engage with high-quality blockchain networks with more benefits, connected to WheelX’s DeFi ecosystem.
WheelX is a DeFi protocol that collects liquidity from various decentralized protocols to provide users with the best possible trade execution. Its AI-driven swap aggregator supports more than 60 blockchain networks, and as a result, connects various routes across major bridges and DEXs. By algorithmically finding the most efficient trading routes, WheelX minimizes slippage and enhances gas fees for crypto investors, traders, and users.
The partnership above means that apart from users engaging in various betting activities on PROBABLE’s prediction platform, the same customers now use WheelX’s DEX infrastructure to efficiently transfer crypto assets across different public chains and even utilize the aggregator to participate in a wide range of DeFi trading activities without leaving their betting prediction wallets.
The collaboration makes PROBABLE a major router for DeFi, positioning its platform as a network for multi-chain interactions and cross-chain interoperability of assets and data between multiple chains.
PROBABLE’s integration with WheelX’s DEX aggregator will help unlock liquidity on its prediction network by providing more on-chain utilities for users to engage with DeFi and earn greater rewards.
The partnership showcases PROBABLE’s belief in WheelX’s capabilities in allowing its customers to more effectively invest their capital on-chain. It also reflects the platform’s continued efforts to blend DeFi and Web3 applications on its prediction marketplace.
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Author: NixCoin
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