MegaSwap, a cutting-edge cross-chain smart service that enables users to securely and quickly switch money between different blockchains with a seamless zero-login, has just been launched, and DeSo is thrilled to introduce it.MegaSwap provides liquidity to any web3 application running on any blockchain ecosystem as well as addressing a number of other crucial pain points.The platform has already generated more than $5 million in volume during its limited launch, highlighting its potential to completely transform the cryptocurrency market through cross-chain swaps.Users never have to log in or give sensitive personal information thanks to MegaSwap’s safer alternative to the conventional centralised exchange paradigm.Users can reduce the danger of unanticipated meltdowns by keeping their currencies in their own self-custody wallets rather than on centralised exchanges, as was the case with FTX, BlockFi, Celsius, or Voyager.Developers wishing to create web3 applications on several blockchains will find MegaSwap to be an easy and creative solution.
With only one line of code, developers can install its frictionless, zero-login API, making their apps chain-agnostic and accessible from any blockchain.Apps on Ethereum can now easily compose with those on Solana or DeSo for the first time.
Thus, MegaSwap facilitates the onboarding of additional users and liquidity into any blockchain ecosystem.“We believe that onboarding new users who do not already own your coin will be one of the major use cases with the most impact.
With MegaSwap, developers may use crypto-to-crypto swaps between any two coins regardless of the blockchain ecosystem they are in, which completely transforms the situation.This final use case is a wonderful wedge because it addresses the main problem facing all blockchain developers right now: how to attract new users without requiring them to purchase your coin on an exchange.
Nader Al-Naji, the company’s founder, explains.The current state of the blockchain ecosystem makes it challenging for users to experiment with various web3 apps.Users can quickly and safely exchange between Ethereum, Solana, Bitcoin, DeSo, and USDC with the help of MegaSwap, and support for additional blockchains like NEAR, ADA, Doge, and more is on the way! Communities may now move money between blockchains more easily than ever before, enabling frictionless app switching.DeSo is dedicated to building a Social Layer for Web3 that enables communities to switch between several blockchains without any noticeable delay.
This dedication is demonstrated by the development of MegaSwap, which removes a significant barrier impeding the widespread adoption of cryptocurrencies.Another one of DeSo’s recent triumphs can be seen in this instance.They recently unveiled the ground-breaking fundraising platform Openfund, which enables business owners to start tradeable coin-backed fundraising campaigns using the world’s quickest order book exchange.Founders and builders may easily fund projects, get new customers, and increase their reach with a full array of potent tools in the DeSo ecosystem by combining Openfund with MegaSwap.
A number of planned releases will establish DeSo as the go-to layer-1 blockchain for developing decentralised social media applications.They have also just teamed with Princeton University to conduct the first-ever web3 startup challenge.Furthermore, the Social Network Hard Fork, which permits decentralised verifications, recently went online.Later this year, they intend to switch to a proof of stake, which will enhance performance and energy efficiency..
