DeSo, a new layer one blockchain, is elated to announce the launch of its revolutionary cross-chain smart service MegaSwap, to enable users securely and easily swap coins between different blockchains.
Prema najavi, MegaSwap will allow users to swap coins between blockchains with a frictionless zero-login. This new service aims to solve critical pain points, including onboarding new users and providing liquidity to Web3 applications across any blockchain ecosystem.
Notably, in its limited release, the new platform has already seen more than $5 million in volume, demonstrating its potential to revolutionize the crypto market. MegaSwap will offer an alternative and safer solution to the traditional centralized exchange mode. Users no longer have to log in or provide sensitive personal information. Additionally, users will now be able to store their coins in their self-custody wallets instead of keeping them on a centralized exchange. This design will help mitigate the risk of unforeseen meltdowns, as in the case of BlockFi, FTX, Celsius, and Voyager.
With MegaSwap, users can easily and securely Swap between Solana, DeSo, Bitcoin, Ethereum, and USDC, allowing them to navigate seamlessly from one app to another. The DeSo team plans to add support for other blockchains like NEAR, Doge, ADA, and more in the coming days.
While commenting on the new platform, the Founder of DeSo, Nader Al-Naji, stated:
“Jedan od najvećih slučajeva upotrebe za koji mislimo da će imati najveći utjecaj je uključivanje novih korisnika koji ne posjeduju vaš novčić. Sve se to mijenja s MegaSwapom, gdje programeri mogu iskoristiti zamjene kripto-kripto između bilo koja dva novčića bez obzira u kojem se ekosistemu blockchaina nalaze. Ovaj posljednji slučaj upotrebe je odličan klin jer rješava najveću bolnu točku za svakog blockchain dev-a danas : pridobivanje novih korisnika bez da ih natjerate da kupe vaš novčić na burzi.”
In addition, MegaSwap will also serve as a simple and innovative solution for developers seeking to build Web3 applications on different blockchains. The new platform will enable developers to install its frictionless zero-login API with a single line of code, making their apps chain-agnostic and accessible from any blockchain. As a result, apps on Ethereum will easily compose with apps on DeSo or Solana. This will make it easier to onboard users and provide liquidity for any blockchain ecosystem.
In the recent past, DeSo has experienced a significant string of successes. DeSo raised $200 million from key investors, launched a fundraising platform called Openfund, and formed a strategic partnership with Princeton University to launch the first-of-its-kind Web3 startup competition. Also, DeSo’s Social Network Hard Fork just went live to enable decentralized verification.
Source: https://zycrypto.com/deso-launches-megaswap-a-revolutionary-cross-chain-smart-service-with-over-5-million-in-volume/