A new DEX has entered the chat. sonic_ooo, the first decentralized exchange on dfinity’s Internet Computer blockchain, went live this week, following up on the release of a new whitepaper.
Dfinity head of communications Michael Less told Cointelegraph that Sonic plans to redefine what it means to be an example of decentralized finance . Sonic has sub-one second transaction finality and is run entirely on the IC’s public blockchain network without any gas fees.
“You’re going to be able to bring your Ethereum assets into Sonic, and it will be like Uniswap but with no gas fees and lightning fast.” According to information shared with Cointelegraph, there are at least two other DEXs that will be joining Sonic on the IC “in the next few weeks,” including InfinitySwap and ICP Swap.
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