February 7, 2023 – Los Angeles, California
DeSo is excited to announce the launch of MegaSwap a revolutionary cross-chain smart service that enables users to securely and easily swap coins between different blockchains with a frictionless zero-login.
MegaSwap solves various critical pain points, including onboarding new users and liquidity to any Web 3.0 application across any blockchain ecosystem.
In its limited release, the platform has already seen more than $5 million in volume, demonstrating its potential to revolutionize the crypto market with cross-chain swaps.
MegaSwap offers an alternative and safer solution to the traditional centralized exchange model where users don’t ever have to log in or provide sensitive personal information.
Instead of storing their coins on a centralized exchange, users can store them in their own self-custody wallets to mitigate the risk of unforeseen meltdowns, such as those seen with FTX, BlockFi, Celsius or Voyager.
MegaSwap is a simple, innovative solution for developers seeking to build Web 3.0 applications on different blockchains. Developers can install its frictionless zero-login API with a single line of code, making their apps chain-agnostic and accessible from any blockchain.
For the first time, apps on Ethereum can easily compose with apps on Solana or DeSo. MegaSwap thus makes it easier for liquidity and new users to be onboarded into any blockchain ecosystem.
Nader Al-Naji, founder of DeSo, said,
“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.”
The blockchain ecosystem is currently fragmented, making it hard for users who want to try out different Web 3.0 apps.
With MegaSwap, users can easily and securely swap between Ethereum, Solana, Bitcoin, DeSo and USDC, with support coming soon for other blockchains like NEAR, ADA, Doge and more. This makes it easier than ever to move funds between blockchains, allowing communities to seamlessly navigate from app to app.
DeSo is committed to creating a social layer for Web 3.0 that allows communities to seamlessly transition between…
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