Pendulum parachain is now live on Polkadot mainnet

abdelaziz Fathi

Pendulum, a public blockchain connecting FX market with decentralized finance, marks a significant milestone for both the project and its community with the successful mainnet launch of its Polkadot parachain.

This marks the completion of phase 1 of Pendulum’s journey towards being a leading platform that establishes the missing link between the fiat and the DeFi ecosystems through a fiat-optimized smart contract blockchain.

Within its 3-phase launch roadmap, subsequent phases will comprise the Token Transferability Event, the Spacewalk Stellar-Polkadot Bridge launch, as well as the launch of forex-AMM 0xAmber. The goal is to complete the entire launch process by March.

The Pendulum network has already initiated block production and the first transaction was successfully executed on Pendulum’s chain. Upon completion, the native token of Pendulum, PEN, will power the fiat hub on Polkadot, transactions on Pendulum, as well as governance and staking.

Under the hood, Pendulum is built with Substrate to allow connecting DeFi applications to the $6-trillion FX market. Next up is building automated market makers to introduce scalable liquidity pools for fiat currencies and create yield earning opportunities for fiat token holders.

Alex Wilke, Co-Founder of Pendulum, said: “The launch of Pendulum’s mainnet represents a significant step towards our goal of revolutionizing the financial industry. By bridging the gap between traditional finance and DeFi, we are providing a platform that fosters financial inclusion and equality. We are excited to see how Pendulum will empower businesses and individuals to take control of their finances and achieve greater financial freedom.”

The attention from the Polkadot community would power the anticipated launch of Pendulum Portal, which will grant users access to a range of features and services, including staking opportunities and reward claiming for both AMPE and PEN token holders. In addition, the tokens will be transferable freely, enabling seamless transactions.

Following the mainnet launch and introduction of the PEN token, Pendulum will roll out several novel solutions, including the 0xAmber Forex-optimized AMM and the Spacewalk bridge linking Stellar and Polkadot will become active. With the support for a broader range of fiat-pegged stablecoins, smart contracts, banking channels integration, the project offers lucrative returns to those who get in early.

Read this next


BlockDAG’s Impressive 30,000x ROI Potential and Moon-Based Keynote Captivate Solana And Bitcoin Cash Crypto Investors

Discover BlockDAG’s impressive moon keynote launch and its promise of a 30,000x ROI that is drawing investors from Solana and Bitcoin Cash.

Market News

This is it, the USD Strength has Come to an End

In the aftermath of Israel’s retaliatory strikes in Iran, the currency markets have entered a phase of heightened volatility, reflecting the intricate interplay between geopolitical tensions and economic fundamentals.


BlockDAG Leads DeFi Innovation with $19M Presale, Overshadowing Cardano and Binance Coin With 30,000x ROI and DAG Structure

Learn about BlockDAG’s growth in its presale, surpassing $19M, and its impact on the DeFi landscape, overshadowing movements in Cardano and Binance Coin (BNB).


BlockDAG Offering a Fresh Take on Meme Coin Development Amid Solana’s Challenges and Floki Inu’s Price Fluctuations With 30,000x ROI

Dive into how BlockDAG’s innovative presale, low-code platforms, and potential 30,000x ROI, outperform Solana’s technical hurdles and Floki Inu’s market predictions.


BlockDAG Excels With $2.2M In Miner Sales And Moonshot Teaser, Overshadowing Litecoin’s Rally And Dogwifhat’s Market Highs

Explore how BlockDAG’s $2 million Miner Sales & Moonshot Teaser eclipse the Litecoin price recovery and the Dogwifhat all-time high.


BlockDAG Leads Top 6 Cryptocurrencies to Buy in 2024 with a Potential Price Surge to $10 Leaving Cosmos, BNB, and Ethereum Behind

Discover the top six cryptocurrencies in 2024, including BDAG’s remarkable growth potential, BNB’s durability, Cosmos’ connectivity, and ETH’s eco-friendly advances.

Retail FX

Weekly Roundup: Prop firm arbitrarily accounts, Interactive Brokers’ CFDs in Japan

FX, Fintech and cryptocurrency markets have been bustling with activity over the past week, as is often the case. Keep yourself informed and ahead of the curve with a curated selection of crucial stories and developments that are most relevant to those engaged in the markets.


BlockDAG Redefines Crypto Mining as Presale Tops $18.5M, Outshining Ethereum ETF & Dogecoin Dynamics

The recent approval of the first Ethereum ETF in Hong Kong underscores a significant advancement in the cryptocurrency’s mainstream acceptance. While Ethereum continues to attract institutional attention, the Dogecoin price prediction suggests a possible resurgence, despite its current undervaluation from past highs.

Digital Assets

Bitcoin halving is done: ViaBTC mines historic block 840K

The Bitcoin network has confirmed its fourth-ever halving block, mined by the cryptocurrency pool ViaBTC, according to data from This significant event in the Bitcoin ecosystem reduced the mining reward by half, a deflationary measure occurring approximately every four years to control the issuance of new bitcoins and curb inflation.