Saga has launched Mainnet 2.0, an upgrade to tackle liquidity fragmentation in blockchain ecosystems.
This sets the groundwork for the upcoming Liquidity Integration Layer (LiL) in Q1 2025, facilitating a unified liquidity environment for seamless cross-chain operations and eliminating gas fees for DeFi users. The overall goal is to enhance liquidity movement and improve blockchain interoperability.
A key feature of Mainnet 2.0 is the integration of Uniswap v3 on Saga’s multichain protocol, marking the first deployment of the decentralized exchange (DEX) on a Saga Chainlet. The integration allows for a gasless trading experience, which removes a significant barrier to crypto adoption and provides users with a smoother decentralized finance experience.
Saga’s new economic model differs from traditional blockchain economics because it eliminates gas transaction fees. Instead of charging per-transaction fees, Saga generates revenue by capturing a percentage of the total value flowing through the network. This model promotes more straightforward and more cost-effective transactions for users and developers.
Saga has partnered with Evmos to support the Mainnet 2.0 upgrade, providing EVM runtime for its chainlets and enabling native EVM token support. Squid Router will enhance token swapping and routing services for Saga’s EVM environment. With Mainnet 2.0 life and Uniswap deployed, Saga plans to launch its Liquidity Integration Layer (LiL) in Q1 2025 to address liquidity fragmentation and offer new developer opportunities. Developers can start building on Mainnet 2.0 and integrate their projects into the LiL when it launches next year.
Similarly, Avail recently launched its data availability mainnet and native AVAIL token, introducing a modular blockchain solution called Avail DA. This solution enhances data availability, scalability, and cost-efficiency for blockchain development. AVAIL tokens are essential for covering data availability fees and can be staked from July 23, 2024, to enhance network security. They also play a crucial role in governance, facilitating a phased community decision-making process.
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