Let’s take a look at four decentralized exchanges in the Internet of Things blockchain ecosystem.
Four DEXEs in the ICP Ecosystem
The internet computer is here to create its own revolution within the blockchain revolution. With advanced on-chain storage technology and Moon Math concepts, the Internet computer can scale the entire Web3 world with faster and more efficient innovations.
Internet Computer has grown slowly since its launch in 2016 to continue the World Computer organization’s research. Supported by the DFINITY Foundation and the Internet Computer Association, the project is the largest research and development project in the blockchain industry. DFINITY alone is responsible for 1,564 publications, 86,347 academic citations and 191 patents.
The Internet computer can basically become a Layer-2 solution for native coins like Bitcoin and Ethereum, once its important Chain-key Transaction innovation has finally started to materialize. With Bitcoin integration live and coins like Ethereum and BNB finally coming, the potential for Decentralized Finance (DeFi) on the Internet is greater than Ethereum and Bitcoin due to its interoperability and scalability.
Here we take a look at four decentralized exchanges (DEX) that are already launched on the Internet.
ICPSwap is a DeFi platform that offers a full stack of financial, market and DAO services. Built on DFINITY’s internet computer blockchain technology, ICPSwap creates a truly decentralized finance ecosystem by mirroring the way users and developers build projects together.
Where to find ICPSwap:
Website | Twitter | Medium size | Telegram | LinkTree |
The ICLighthouse team was founded in September 2020 and has members from investment banks and Ether ecosystem developers. Core members have previously developed derivatives trading protocols on Ethereum. With the help of ICLighthouse, the team has developed products for the Internet computing system that include DEX, DeFi wallet, blockchain browser and more. ICDex is IC network decentralized order book trading protocol that supports DRC20, DIP20, ICRC1 and native ICP.
Where to find ICLighthouse:
Website | Twitter | Medium size | Disagreement |
InfinitySwap is an innovative cross-chain DeFi infrastructure creator that connects Bitcoin and EVM-based chains on the internet computer blockchain. InfinitySwap was created by Finity Technologies, the world’s leading blockchain infrastructure company. Finity’s team is working to develop new DeFi cross-chain primitives, perform heavy research and development on cross-chain wallets, and support both Bitcoin and EVM-based chains for exchanges and automated market makers built on the internet computer.
Where to find InfinitySwap:
Website | Twitter | Blog | Disagreement | Medium size |
Sonic is an open DeFi package open internet service built on the Internet Computer blockchain that offers AMM without gas fees due to IC’s reverse gas model. Sonic consists of a collection of DeFi protocols that allow users to issue their own tokens, trade their tokens, and earn rewards by providing liquidity. Sonic brings unauthorized exchanges to users where they can deposit a token and automatically receive the token they want.
Where to find Sonic OOO:
Website | Twitter | Disagreement | Medium size |