Let’s take a look at four decentralized exchanges on the Internet Computer blockchain ecosystem.
Four DEXs in the ICP ecosystem
The internet computer is here to create its own revolution in the blockchain revolution. By using sophisticated chain storage technology and concepts such as Moon Math, the Internet computer can evolve the entire world from Web3 with faster and more efficient innovations.
The internet computer has slowly grown since its launch in 2016 to continue the research of the world computer organization. Supported by the DFINITY Foundation and the Internet Computer Association, the project is the blockchain industry’s largest research and development project. DFINITY alone is responsible for 1,564 publications, 86,347 academic citations and 191 patents.
With its major innovation Chain-key Transaction finally beginning its implementation, the Internet Computer can basically become a Layer 2 solution for native coins like Bitcoin and Ethereum. With live Bitcoin integration and coins like Ethereum and BNB possibly on the way, the Decentralized finance (DeFi) potential on the Internet computer is greater than that of Ethereum and Bitcoin due to its interoperability and scalability.
Here we will look at four Decentralized Exchanges (DEX) who have already launched on the internet computer.
ICPSwap is a DeFi platform that provides comprehensive financial, market and DAO services. Built using blockchain technology from DFINITY’s internet computer, ICPSwap establishes a truly decentralized funding ecosystem by refactoring the way users and developers build projects together.
Where to find ICPSwap:
The ICLighthouse team was founded in September 2020, with members from investment banks and developers from the Ether ecosystem. Core members have already developed protocols for trading derivatives on Ethereum. With ICLighthouse, the team has developed a suite of products on the internet computing system that includes a DEX, DeFi wallet, blockchain explorer, and more. The ICDex is a decentralized order book trading protocol of the IC network that supports DRC20, DIP20, ICRC1 and native ICP.
Where to find ICLighthouse:
InfinitySwap is an innovative creator of cross-chain DeFi infrastructure, connecting Bitcoin and EVM-based chains on the Internet Computer blockchain. InfinitySwap was created by Finity Technologies, one of the world leaders in blockchain infrastructure. The Finity team is working to develop new DeFi cross-chain primitives, undertake heavy research and development for cross-chain wallets, and support Bitcoin and EVM-based chains for automated exchanges and market makers. , built on the internet computer.
Where to find InfinitySwap:
Sonic is an open DeFi suite open internet service built on the Internet Computer blockchain that offers AMM with no gas fees due to the CI’s reverse gas model. Sonic is comprised of a set of DeFi protocols that allow users to issue their own tokens, trade their tokens, and earn rewards by providing liquidity. Sonic brings users permissionless swaps where they can deposit a token and automatically receive the token they want.