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Cryptocurrency News Articles

Gasp Unveils Alpha Launch of Its Cross-Chain DEX, a Pioneering Step Toward Unifying the Fragmented Digital Asset Markets

Dec 20, 2024 at 11:56 pm

This Alpha Phase introduces Gasp's first live product – a gasless and secure cross-chain DEX – allowing users to perform native cross-chain transactions across the Ethereum, Arbitrum, and Base blockchains.

Gasp Unveils Alpha Launch of Its Cross-Chain DEX, a Pioneering Step Toward Unifying the Fragmented Digital Asset Markets

Decentralized exchange (DEX) Gasp has announced the Alpha Launch of its cross-chain DEX, a key step in its mission to consolidate the fragmented digital asset markets into a single, unified platform.

This Alpha Phase marks the launch of Gasp's first live product - a gasless and secure cross-chain DEX - enabling users to perform native cross-chain transactions across the Ethereum, Arbitrum, and Base blockchains. As the first retail DEX and decentralized application (DApp) in the EigenLayer ecosystem, Gasp allows users to interact directly with EigenLayer, demonstrating its potential as a transformative blockchain infrastructure.

The Alpha Phase provides early adopters with the opportunity to explore and test core features, such as cross-chain swaps, liquidity pools, and reward mechanisms, ahead of Gasp's 2025 mainnet launch. As the protocol further expands its ecosystem, Gasp plans to integrate additional EVM-compatible chains, including Optimism, Scroll, Blast, and others.

"The launch of the Gasp Alpha Phase is the realization of a vision to bring simplicity, security, and scalability to the fragmented world of digital assets," said Peter Kris, co-founder and CEO at Gasp. "This marks an important step in providing our community with the tools to trade seamlessly across chains and build liquidity in innovative ways."

As part of this launch, Gasp is introducing its GASP token through a dedicated community pool. Departing from traditional TGE methods, Gasp's community-first approach allows users to acquire GASP tokens early, at the same stage as smart capital. During the Alpha Phase, the GASP token will be non-transferable and can only be obtained directly from the DEX, offering users the opportunity to explore the token's core functionalities firsthand.

Unlike traditional bridges that sacrifice security for convenience, Gasp achieves both by utilizing Ethereum-native protections through EigenLayer, providing native cross-chain security. During the Alpha Phase, Gasp's focus is on bringing liquidity to the most in-demand pools, showcasing its ability to connect diverse blockchain networks securely and efficiently.

"This Alpha Phase is just the beginning," Kris continued. "Our vision extends far beyond digital assets. By connecting blockchains with traditional financial markets, we're laying the groundwork for a revolutionary cross-market settlement layer that will redefine global finance."

For more information about the launch, visit app.gasp.xyz.

About Gasp Gasp.xyz is building the first consolidated asset network, securing cross-domain liquidity for all assets, making it easy to trade assets in a gasless and MEV-protected environment. At its core is the $GASP token, which powers the network's modular framework and enables users to make swaps. Gasp is integrated with Ethereum, Arbitrum, and Base, and will soon integrate other EVM ecosystems and eventually non-EVM chains, enabling seamless movement of value for any asset. Learn more at www.gasp.xyz.

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Other articles published on Dec 21, 2024