{"id":29653,"date":"2020-10-05T21:36:58","date_gmt":"2020-10-05T18:36:58","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=29653"},"modified":"2025-08-27T18:13:03","modified_gmt":"2025-08-27T15:13:03","slug":"switcheo-launches-decentralized-trading-platform-on-the-zilliqa-blockchain","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/switcheo-launches-decentralized-trading-platform-on-the-zilliqa-blockchain\/","title":{"rendered":"Switcheo launches decentralized trading platform on the Zilliqa blockchain"},"content":{"rendered":"<p>Switcheo developers have launched the first-of-its-kind decentralized exchange (DEX) Zilswap on the Zilliqa (ZIL) blockchain.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\ud83d\udde3 We have just launched \u2728 <a href=\"https:\/\/twitter.com\/hashtag\/Zilswap?src=hash&#038;ref_src=twsrc%5Etfw\">#Zilswap<\/a> \u2728 \u2014 <a href=\"https:\/\/twitter.com\/zilliqa?ref_src=twsrc%5Etfw\">@Zilliqa<\/a>\u2018s first <a href=\"https:\/\/twitter.com\/hashtag\/DEX?src=hash&#038;ref_src=twsrc%5Etfw\">#DEX<\/a> built by <a href=\"https:\/\/twitter.com\/hashtag\/Switcheo?src=hash&#038;ref_src=twsrc%5Etfw\">#Switcheo<\/a> \ud83d\ude0e\u200d and we couldn\u2019t be more excited!<\/p>\n<p>\ud83d\udc49\ud83c\udffd Head over to our blog to learn more about Zilswap, and how you can start trading on the platform today! \u2705 <a href=\"https:\/\/t.co\/3ZVeYxrbOa\">https:\/\/t.co\/3ZVeYxrbOa<\/a><\/p>\n<p>\u2014 Switcheo (@SwitcheoNetwork) <a href=\"https:\/\/twitter.com\/SwitcheoNetwork\/status\/1313011686450720768?ref_src=twsrc%5Etfw\">October 5, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Zilliqa \u2014 the first platform to implement sharding. On testnet, it managed to reach a throughput of 2,828 TPS. Zilliqa&#8217;s smart contracts are subject to formal verification and are equipped with a set of static analyzers designed to help identify potential errors and bugs.<\/p>\n<p>Zilswap, like Uniswap, uses automated market maker (AMM) technology.<\/p>\n<p>DEX users will be able to trade ZIL and ZrCoin (ZRC) directly from their wallets using this feature. They will also be able to add tokens to a liquidity pool to earn passive income.<\/p>\n<p>The first liquidity pool will be ZIL-XSGD. It will enable interaction with the ZIL ecosystem through the Singapore dollar in the form of <a href=\"https:\/\/forklog.com\/en\/news\/singapore-launches-stablecoin-backed-by-the-singapore-dollar\">launched<\/a> stablecoin XSGD.<\/p>\n<p>Switcheo plans to soon release on Zilswap the ZRC-2 governance token and distribute it among liquidity providers and Zilswap users. Going forward, control of Zilswap will move to a DAO model.<\/p>\n<p>According to CoinGecko, the ZIL token sits at 60th place with a market capitalization of $227.7 million. At the time of writing its price is up 1.8%, while the vast majority of altcoins are falling.<\/p>\n<p>Earlier in May last year, Switcheo developers launched a decentralized exchange on the EOS blockchain. Previously, in February 2019, they announced the start of public beta testing of their off-exchange platform built on Ethereum and NEO smart contracts.<\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Switcheo developers have launched the first-of-its-kind decentralized exchange (DEX) Zilswap on the Zilliqa blockchain (ZIL).<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[787,1550],"class_list":["post-29653","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-dex","tag-zilliqa"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/29653","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=29653"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/29653\/revisions"}],"predecessor-version":[{"id":29654,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/29653\/revisions\/29654"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=29653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=29653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=29653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}