This article was first published on Stories by Theta Labs on Medium
The decentralized exchange (DEX) space has seen incredible growth in the past 12 months, as DEXs evolved from slow, clunky interfaces to easy-to-use sites protocols like Uniswap and key enablers of the DeFi ecosystem. What used to be a insignificant percentage of crypto trade volume has given way to daily volumes of $2b per day or more, led by Uniswap and DeFi protocols like Compound and Aave, and rivaling all but the largest centralized exchanges. We’re excited for Theta blockchain to join this growing market with the release of ThetaSwap v1.
ThetaSwap is the first decentralized exchange built on Theta blockchain, using an open-source smart contract system built based on Automated Market Maker logic similar to that of UniSwap. It allows users to exchange their newly-created TNT20 tokens built on Theta blockchain in a trustless, non-custodial way. Already we are seeing Theta streamers and community leaders create their own TNT20 tokens, and expect many more to come as the ecosystem grows!
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Stories by Theta Labs on Medium