Saga, a pioneering Layer 1 blockchain protocol, has unveiled its Mainnet 2.0, an innovation poised to drastically alter the blockchain landscape by simplifying liquidity and transaction processes across its network.
This development is instrumental in setting up the much-anticipated Q1 2025 rollout of the Liquidity Integration Layer (LiL), designed to consolidate liquidity across various blockchain ecosystems seamlessly.
Additionally, Uniswap v3, the leading decentralized exchange, has been integrated into Saga’s platform. This marks the first application of Uniswap on a multichain protocol, facilitating completely gas-free transactions.
This collaboration enhances user experience by removing gas fees and showcases Saga’s innovative economic model that could redefine decentralized finance accessibility.
Eliminating Traditional Barriers
Saga’s Mainnet 2.0, with its revolutionary economic model, eliminates traditional per-transaction gas fees, thus removing significant barriers for users and developers alike. This model allows Saga to derive revenue from a small percentage of the total value transacted across the network rather than charging fees per transaction. Key benefits of this new model include:
- Zero transaction fees for end users.
- Simplified asset transfers across different chains and applications without the need for complex bridge systems.
- Enhanced interoperability among various blockchain ecosystems, fostering a more integrated environment.
To ensure robust support for the Mainnet 2.0 and upcoming LiL, Saga has partnered with Evmos and Squid Router. Evmos will provide the Ethereum Virtual Machine (EVM) runtime, facilitating native support for EVM-compatible tokens within Saga’s environment. Meanwhile, Squid Router will extend its token swapping and routing services to the Saga network, enhancing the fluidity and functionality of asset transfers.
What’s Next for Saga?
With Mainnet 2.0 now operational and the successful deployment of Uniswap, Saga is well-positioned for the next phase… launching the Liquidity Integration Layer in early 2025. This layer is expected to unify liquidity across blockchains further, allowing for more seamless asset movements and interoperability. Developers are encouraged to start building on Mainnet 2.0 today, with the promise of smooth integration into the LiL environment upon its release.