Rubic is a Cross-Chain Tech Aggregator designed to facilitate seamless token and NFT swaps across various blockchains. It aims to provide a one-stop platform for decentralized trading, making cross-chain transactions more accessible and efficient by integrating multiple blockchains, decentralised exchanges (DEXs), and bridges.
Rubic functions by aggregating over 90 blockchains and with integrations of more than 320 DEXs and bridges, enabling swaps of over 15,500 crypto assets. It does not rely on a specific consensus mechanism since it acts as an aggregator, utilising the infrastructures of the blockchains and DEXs it integrates with. Rubic uses smart routing technology for optimal trades and APIs to conduct transactions by interacting with various smart contracts on the connected networks.
Rubic supports numerous use cases across different sectors:
Rubic was founded in 2020 by an experienced team, launching its initial platform in the same year with a focus on cross-chain DEX support. Significant updates included expanded blockchain support, user interface improvements, and the introduction of cross-chain routing features in 2021. Despite a hacking incident in 2022 resulting in a substantial cryptocurrency loss, Rubic underwent security audits and continued to expand its platform, including partnerships and grant acquisitions to bolster its technology and market presence.