Waves (WAVES) Announces the Launch of Swap Routing

Cryptocurrency project Waves (WAVES) recently took to Twitter to announce the launch of Waves Keeper’s Swap Routing. The tweet, published on February 16th, explains that version 2.1 is ringing free exchange of any assets, during which Waves Keeper will find the best rates by using an instant crypto exchange based on the AMM model, Swop.fi, or alternatively, the swap aggregator based on mega pools called Puzzle Swap.

#Waves Keeper launches Swap Routing! In version 2.1, you can freely exchange any assets — Waves Keeper will find the best rates via @Swopfi or @puzzle_swap. Try it and get the most profitable swaps right inside your wallet! 🌊🙃 pic.twitter.com/5TmegHVUP1

— Waves 🌊 (1 ➝ 2) (@wavesprotocol) February 16, 2022

What is Waves Keeper?

Waves Keeper is the Waves project’s browser extension that allows users to securely interact with Waves-enabled web services. The software features encrypted seed phrases and private keys that are stored in the extension itself. They cannot be accessed by online dApps and third-party services, which ensures that users’ funds will always be protected from malicious websites, hackers, and similar threats.

Meanwhile, users can freely complete any transaction, as they do not require entering any sensitive information that can be harvested and used against them.

Waves designed Waves Keeper in order to bring as much convenience to its users as possible. Users can conduct transactions with ease, with only a few clicks required to complete them. They can also create multiple wallets and easily switch between them, going from one to the other as per need.

The company has also made it fairly simple for users to recover their accounts in case they ever forget their passwords. All that they need to do is use the seed phrase to regain access to it and take back all of their funds stored within.

Another big development for Waves came only a few days ago, on February 14th. On this day, the Waves Association welcomed a new member — Amalgama.digital, which is a crypto enthusiasts company that is constantly searching for ways to improve the blockchain space.

We start this new week with a new member! @AmalgamaDigital is based on modern blockchain technologies which includes Big Data, AI. Team projects cover Waves marketplace and own NFT collections such as @WavesPunks. Spreading Waves technology among crypto world! pic.twitter.com/UN56bem77X

— Waves Association (@Waves_Assn) February 14, 2022

According to Waves Association’s announcement, Analgama.digital is based on modern blockchain technologies which include Big Data, AI. The team projects cover the Waves marketplace and own NFT collections such as WavesPunks.

Waves’ price grows following the announcement

When it comes to Waves’ price, it had a fairly mild reaction to the new development, although it is fair to say that it did jump as the project revealed the launch of Swap Routing. Over the past 7 days alone, Waves went from the resistance at $12 on February 10th to the support at $9.5 on February 12th.

After spending two days at this level, the support was broken under the influence of the bearish market, causing WAVES to drop further to $9. This support, fortunately, managed to hold, and late on February 14th, WAVES actually started climbing.

The project recovered to $10.5 by early January 16th, and after a few failed attempts to breach this resistance, the price started to drop after being rejected. However, this was when the announcement was published, causing the price to take a strong, if brief surge from $10.18 to $11.14.

The sudden surge resulted in a quick correction that took the coin’s price back down to $10.66 for a brief moment, only for it to then recover once again to $10.82, which is where it sits at the time of writing.

To learn more about this token visit our Investing in Waves guide.