Four DEXs in the ICP ecosystem

Internet Computer is here to create its own revolution within the blockchain revolution. Using sophisticated chain storage technology and concepts like Moon Math, the Internet Computer can scale the entire world of Web3 with faster and more efficient innovations.

Internet Computer has slowly grown since its launch in 2016 to continue the research of the World Computer organization. Backed by the DFINITY Foundation and the Internet Computer Association, the project is the largest research and development project in the blockchain industry. DFINITY alone is responsible for 1,564 publications, 86,347 academic citations, and 191 patents.

With its flagship innovation Chain-key Transaction finally beginning implementation, Internet Computer can essentially become a Layer 2 solution for native currencies like Bitcoin and Ethereum. With live Bitcoin integration and currencies like Ethereum and BNB eventually on the way, the potential for Decentralized Finance (DeFi) on the internet computer is greater than that of Ethereum and Bitcoin due to its interoperability and scalability.

Here we will look at four decentralized exchanges (DEX) that have already launched on the internet computer.

ICPS exchange

ICPSwap is a DeFi platform that provides comprehensive financial, market, and DAO services. Built on DFINITY’s Internet Computer blockchain technology, ICPSwap establishes a genuinely decentralized finance ecosystem by refactoring the way users and developers build projects together.

Where to find ICPSwap:

Website | Twitter | Medium | Telegram | Link Tree |

IC Faro

The ICLighthouse team was founded in September 2020, with members from investment banks and developers from the Ether ecosystem. Core members have previously developed derivatives trading protocols on Ethereum. With ICLighthouse, the team has developed a suite of products on the internet computing system that includes DEX, DeFi wallet, blockchain explorer, and more. ICDex is an IC network decentralized order book trading protocol that supports DRC20, DIP20, ICRC1 and native ICP.

Where to find ICLighthouse:

Website | Twitter | Medium | Discord |

infinite exchange

InfinitySwap is an innovative cross-chain DeFi infrastructure builder, connecting Bitcoin and EVM-based chains on the Internet Computer blockchain. InfinitySwap was created by Finity Technologies, a world leading blockchain infrastructure company. The Finity team is working to develop new DeFi cross-chain primitives, conduct intensive research and development for cross-chain wallets, and support Bitcoin and EVM-based chains for exchanges and automated market makers, built on the Internet Computer.

Where to find InfinitySwap:

Website | Twitter | Blog | Discord | Medium |

sonic

Sonic is an open DeFi suite internet service built on the Internet Computer blockchain that offers AMM with no gas fees due to the IC’s reverse gas model. Sonic is made up of a collection of DeFi protocols that allow users to issue their own tokens, trade their tokens, and earn rewards by providing liquidity. Sonic offers users permissionless exchanges where they can deposit a token and automatically receive the token they want.

Where to find Sonic OOO:

Website | Twitter | Discord | Medium |