A Journey of Milestones and Achievements: XY Finance 2024 Recap

  • 5 minute read
  • 2025-01-07

Through the ups and downs of the crypto market, XY Finance has remained dedicated to delivering seamless and secure cross-chain service. In this XY Finance 2024 Recap, we highlight the milestones and achievements that defined a remarkable year for our journey in the DeFi space!

Integrated 24 Blockchains, Total Volume Reach 2.5 Billion

2024 marked a pivotal year for XY Finance. From integrating 24 blockchains to achieving extraordinary growth in transaction volume, we’ve solidified our leadership in the DeFi space.

Key Highlights:

  • Expanding Blockchain Ecosystem: Supporting 20+ chains, including Ethereum, BNB, Arbitrum, Optimism, Base, Taiko and more with Solana soon to join.
  • Seamless Interoperability: Support 9+ bridges including yBridge, Across, Synapse, Celer cBridge, Circle CCTP and more.
  • DEX Aggregation at Scale: 4+ DEX aggregators, supporting 300+ decentralized exchanges.

Major Milestones:

  • Total Volume: From $0.75B to $2.5B in 1 year – 233% growth.
  • Transaction Milestone: With over 2.7M transactions processed.
  • User Growth: 860,000+ unique users served globally.
  • Partnerships: Trusted by 100+ leading partners and counting.
  • Top Bridge on Taiko, Mantle, Cronos, X Layer according to Defillama 

This year also saw significant strides in Layer 2 ecosystems, paving the way for even greater scalability and efficiency. As we continue to innovate and collaborate, 2024 is just the beginning of a more interconnected and dynamic DeFi future with XY Finance at its core.

XY Finance x GRVT: Driving DeFi Mass Adoption

Bridging the gap between CEXs and DeFi has been a long-standing challenge in the crypto space. Through a groundbreaking collaboration, XY Finance and GRVT are combining their expertise to create a seamless transition for users, unlocking a new era of DeFi adoption.

At the heart of this collaboration is our Proxy Bridge technology, which transforms the user experience on GRVT by eliminating the complexities of cross-chain transactions. Moving assets across blockchains is now as easy as one click, empowering users to explore DeFi without the usual hurdles.

This seamless integration ensures that users transitioning from CEXs to DeFi can do so with minimal effort and maximum convenience. Together, GRVT and XY Finance are making decentralized finance accessible to everyone, paving the way for millions of users to embrace the future of decentralized finance.

Related: How GRVT and XY Finance are Unlocking DeFi for the Next Million Users

Meet Our New Game-Changers: Refuel and Proxy Bridge

In addition to achieving impressive milestones, we introduced two groundbreaking products: Refuel and Proxy Bridge. These innovative tools are designed to simplify decentralized finance, making it more intuitive and accessible than ever before, empowering users to embrace the future of DeFi effortlessly.

Refuel: Your Gas Management Solution

Managing gas tokens across multiple blockchains can be a headache, especially when a lack of gas stops you in your tracks. That’s why we created Refuel – a revolutionary tool that lets you instantly top up  gas tokens across chains. With Refuel, you have the freedom to explore the crypto world without limits.

Refuel doesn’t just stop at blockchains using ETH as gas. It currently supports 15 blockchains, including BNB, Polygon and Avalanche, with plans to expand to even more. And with our Refuel Fee-Free Campaign, you can enjoy 100% off refuel fees on all supported chains. 

Related: Top-Up Gas For Free with XY Finance’s Refuel Fee-Free Campaign

Proxy Bridge: Simplified Cross-Chain Transfers

Imagine a world where moving assets across blockchains and exchanges is as easy as sending an email. That’s the vision behind Proxy Bridge, a solution designed to eliminate complexity and bring speed, security, and ease to cross-chain transactions.

No more juggling wallets or navigating technical steps—Proxy Bridge enables you to transfer assets effortlessly between blockchains and exchanges, all while ensuring security and efficiency. With Proxy Bridge, the boundaries between blockchains disappear, paving the way for a truly connected DeFi ecosystem.

Related: One-Step Cross-Chain Transfers: XY Finance Proxy Bridge is Now Live on GRVT

Building Trust: Two Security Audits in One Year

At XY Finance, providing seamless and efficient DeFi services goes hand-in-hand with prioritizing security. In the high-risk world of blockchain, safeguarding user assets is crucial for building trust and achieving sustainable growth.

In 2024, we successfully completed two significant security audits. In March, XY Finance underwent a comprehensive review by Quantstamp, and in December, we passed a professional security audit by BlockSec. These rigorous evaluations underscore our unwavering commitment to creating a secure and reliable platform where users can confidently connect assets across multiple blockchains.

You can check out detailed audit reports here: https://docs.xy.finance/smart-contract/security 

Uniting the DeFi World: Exciting Campaigns with XY Finance

Beyond launching comprehensive services tailored to our users’ needs, XY Finance has been collaborating with diverse partners to host 14+ vibrant campaigns across multiple chains. These initiatives aim to bring more users into the DeFi ecosystem and make decentralized finance more accessible to everyone.

Over the past year, XY Finance has hosted numerous standout events, connecting users and partners across the blockchain world. The excitement doesn’t end here—many more thrilling campaigns are on the way. Stay tuned for updates and explore all the details on our Events Page!

Global Journey: Advancing with the Blockchain Community

Over the past year, XY Finance actively participated in over 10 global blockchain events, forging deeper connections with the community and industry leaders. These events include:

We were also proud to sponsor ETH Taipei and Token2049 Singapore, supporting the innovation and growth of blockchain technologies. Additionally, we hosted remarkable events that brought further impact to the ecosystem:

  • Collaborated with Monad and Dyson Finance to host a side event during ABS
  • Co-hosted two networking events with X Layer and Intract at Token2049 Singapore

These achievements have strengthened ecosystem partnerships and paved the way for a more interconnected and vibrant decentralized finance future. Looking ahead, we will continue to expand our network and influence, delivering more exciting updates and breakthroughs to our community. Stay tuned!

Prospects & Objectives : What’s Next?

As 2025 approaches, XY Finance remains committed to optimizing existing features while expanding support for more non-EVM blockchains and bridges based on market demand:

  • Solana here we come 😉
  • Abstract, Berachain, Sui & more. What should we integrate? Let us know on Discord.
  • More bridges & DEX support to ensure the best routes for users.
  • Improvement Routing Algorithm.

We are also actively exploring the potential of intent-based systems, aiming to introduce simplified and innovative cross-chain solutions that enhance user experience and drive mass adoption of DeFi.

Furthermore, we will participate in and host more campaigns to attract new users and strengthen XY Finance’s presence in the DeFi space. By promoting our high-quality cross-chain features through APIs and widgets to industry partners, we aim to make navigating decentralized platforms seamless. If you’re planning to expand your projects across chains, feel free to reach out by filling out the form here. We look forward to collaborating with pioneers to advance crypto innovation together.

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