DeSo is happy to announce the launch of MegaSwap – a revolutionary, cross-chain good service that permits customers to securely and simply swap cash between completely different blockchains with a frictionless zero-login. MegaSwap solves numerous vital ache factors, together with onboarding new customers and liquidity to any web3 utility throughout any blockchain ecosystem.
In its restricted launch, the platform has already seen greater than $5 million in quantity, demonstrating its potential to revolutionize the crypto market with cross-chain swaps.
MegaSwap presents an alternate and safer resolution to the normal centralized alternate mannequin the place customers don’t ever need to log in or present delicate private data. Instead of storing their cash on a centralized alternate, customers can retailer them in their very own self-custody wallets to mitigate the danger of unexpected meltdowns, resembling these seen with FTX, BlockFi, Celsius, or Voyager.
MegaSwap is a straightforward, revolutionary resolution for builders searching for to construct web3 purposes on completely different blockchains. Developers can set up its frictionless zero-login API with a single line of code, making their apps chain-agnostic and accessible from any blockchain. For the primary time, apps on Ethereum can simply compose with apps on Solana or DeSo. MegaSwap thus makes it simpler for liquidity and new customers to be onboarded into any blockchain ecosystem.
“One of the biggest use cases we think will have the greatest impact is onboarding new users that don’t own your coin. That all changes with MegaSwap, where devs can leverage crypto-to-crypto swaps between any two coins no matter what blockchain ecosystem they’re in. This last use case is a great wedge because it solves the biggest pain point for every blockchain dev today: getting new users without making them buy your coin on an exchange.” – Founder of DeSo, Nader Al-Naji, explains.
The blockchain ecosystem is presently fragmented, making it onerous for customers who need to check out completely different web3 apps. With MegaSwap, customers can simply and securely swap between Ethereum, Solana, Bitcoin, DeSo, and USDC, with assist coming quickly for different blockchains like NEAR, ADA, Doge, and extra! This makes it simpler than ever to maneuver funds between blockchains permitting communities to seamlessly navigate from app to app.
DeSo is dedicated to making a Social Layer for Web3 that permits communities to seamlessly transition between completely different blockchains. The launch of MegaSwap is a testomony to this dedication and eliminates a serious hurdle stopping the mass adoption of cryptocurrencies.
This is one more instance in a latest string of successes for DeSo. Recently, they launched a breakthrough fundraising platform referred to as Openfund that permits entrepreneurs to launch tradeable coin-backed fundraising rounds through the world’s quickest order guide alternate.
With the mixture of Openfund and MegaSwap, founders and builders can simply fund initiatives, purchase new customers, and develop their attain with a complete suite of highly effective instruments within the DeSo ecosystem.
They additionally not too long ago partnered with Princeton University to launch the first-of-its-kind web3 startup competitors and have a slew of upcoming releases that can place DeSo because the go-to layer-1 blockchain to construct decentralized social media purposes.
Additionally, the Social Network Hard Fork simply went dwell, enabling decentralized verifications. They plan to maneuver to a proof of stake later this yr, bettering efficiency and power effectivity.
DeSo is a brand new layer-1 blockchain constructed from the bottom as much as decentralize social media and scale storage-heavy purposes to billions of customers. It raised $200 million and is backed by Sequoia, Andreessen Horowitz, Coinbase Ventures, Social Capital, Polychain Capital, Winklevoss Capital, Pantera, and different blue chip funds.
Check out the complete roadmap and declare your username on deso.com.
