- In preparation for the Q1 2025 launch of the Saga Liquidity Integration Layer, Saga announces Mainnet 2.0 and collaborates with Uniswap, Evmos, and Squid Router.
Blockchain protocol at layer one Saga announced a new partnership with Uniswap, a significant decentralized exchange (DEX), and the launch of its Mainnet 2.0.
According to a press statement shared with Cryptonews, the team stated that Mainnet 2.0 intends to revolutionize blockchain economics and the way the blockchain industry handles liquidity.
By taking this action, the team gets one step closer to launching its Liquidity Integration Layer (LiL) in 2025’s first quarter.
The new layer will offer a solution for “unified liquidity across all blockchain ecosystems” by expanding on the fundamental framework of Mainnet 2.0.
Now that Mainnet 2.0 is available for development, developers can easily include it into the LiL environment after it launches.
Avoid paying gas fees
The Saga team contends that the increasing number of separate blockchains created “unprecedented challenges” in the industry. This has a special effect on cross-chain operations and liquidity management.
Exorbitant gas prices and fragmented liquidity have hampered blockchain’s potential to provide financial accessibility.
Users must handle several tokens, traverse intricate bridges, and pay erratic fees in order to perform simple transactions due to the fragmented nature of appchains and Layer-2s.
By establishing a single ecosystem that allows liquidity to move “freely” between chains and apps, Mainnet 2.0 and LiL seek to address this issue.
Gas taxes are never paid by users, and developers can now create without limitations.
Saga is “a radical departure” from conventional blockchain economics, according to the developers.
Saga will be able to automate bridge and routing transactions by combining LiL with a new token economic architecture. Gas surcharges for users engaging with DeFi gadgets on the chain will also be eliminated.
Because Saga doesn’t impose per-transaction gas taxes, consumers and developers may encounter obstacles. Rather, it makes money by keeping a portion of the overall value that passes through the network.
Thus, this paradigm allows for complete blockchain ecosystem interoperability, gasless end-user transactions, smooth asset transfers between chains and apps, and new revenue streams for developers without putting a strain on consumers.
It also gets rid of complicated token management and bridge systems.
Collaboration with Squid Router, Evmos, and Uniswap
The collaboration with Uniswap is another significant announcement made in conjunction with the launch of Mainnet 2.0.
The statement states that, “in a historic first,” Uniswap v3 is now implemented on Saga’s native multichain protocol. The first app chain is this one.
When Uniswap v3 is deployed on a Saga Chainlet, trade will be entirely gasless, and Saga’s LiL will allow assets to be moved automatically from any ecosystem to the Uniswap DEX.
The collaboration makes decentralized finance available to everyone and eliminates a significant obstacle to the widespread adoption of cryptocurrencies.
The first canonical appchain deployment has our full support.
Liquidity fragmentation in multichain contexts has been attempted to be resolved by numerous initiatives, particularly in the ETH community, but this is the first complete solution to hit the market. Fundamentally, gasless trading on Uniswap is revolutionary, and it is now accessible to anyone.
Additionally, Saga is collaborating with two infrastructure partners, Squid Router and Evmos, to assist the Mainnet 2.0 upgrade.
According to the developers, Evmos is supplying the Ethereum Virtual Machine (EVM) runtime for Saga’s chainlets. This makes native EVM token support possible.
Concurrently, Squid Router is expanding its routing and token swapping capabilities to Saga’s EVM environment.
By removing gas prices for users and opening up new money streams for developers, these collaborations aid in the LiL development.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
