Taiko unveils decentralized exchange 'TaikoSwap'
Summary
- Taiko (TAIKO) announced it launched its own TaikoSwap decentralized exchange.
- TaikoSwap is characterized by initial liquidity provision, a fast and low-cost trading environment, and Ethereum-level security.
- The company emphasized that this launch is an important step toward implementing an on-chain economy equivalent to Ethereum.
Taiko (TAIKO), an Ethereum (ETH) rollup project, announced on the 21st that it has launched its own decentralized exchange 'TaikoSwap (TaikoSwap).'
The exchange was launched as a core infrastructure of Taiko's decentralized finance (DeFi) ecosystem to provide an initial liquidity base within the network. TaikoSwap's features are a fast and low-cost trading environment based on an Ethereum type-1 rollup and Ethereum-level security.
In particular, TaikoSwap used the architecture of Uniswap (UNI), one of the world's largest decentralized exchanges, to provide users with familiar DEX usability.
The initially supported trading pairs are ETH/USDC, TAIKO/USDC, and TAIKO/ETH, which will form the network's basic liquidity layer.
Taiko emphasized that this launch is an important step in realizing an on-chain economy equivalent to Ethereum.
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