{"id":56440,"date":"2022-01-24T12:00:55","date_gmt":"2022-01-24T10:00:55","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=56440"},"modified":"2025-09-04T06:26:14","modified_gmt":"2025-09-04T03:26:14","slug":"dfinity-foundation-launches-the-internet-computers-first-dex","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/dfinity-foundation-launches-the-internet-computers-first-dex\/","title":{"rendered":"DFINITY Foundation launches the Internet Computer\u2019s first DEX"},"content":{"rendered":"<p>Sonic has become the Internet Computer\u2019s first decentralised exchange (DEX). The news was announced by the non-profit organisation behind the project, the DFINITY Foundation.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Sonic, the first DEX to launch on the Internet Computer, is now live.<a href=\"https:\/\/twitter.com\/sonic_ooo?ref_src=twsrc%5Etfw\">@sonic_ooo<\/a> offers a suite of DeFi products for the <a href=\"https:\/\/twitter.com\/hashtag\/InternetComputer?src=hash&#038;ref_src=twsrc%5Etfw\">#InternetComputer<\/a> blockchain, operating on a gasless AMM. \ud83d\udeab\u26fd\ufe0f<\/p>\n<p>DeFi on the IC has arrived. \ud83d\ude80 <a href=\"https:\/\/t.co\/IjClg4LRxo\">https:\/\/t.co\/IjClg4LRxo<\/a> <a href=\"https:\/\/t.co\/CH3f3qgIVM\">pic.twitter.com\/CH3f3qgIVM<\/a><\/p>\n<p>\u2014 DFINITY Foundation (@dfinity) <a href=\"https:\/\/twitter.com\/dfinity\/status\/1484956306318319618?ref_src=twsrc%5Etfw\">January 22, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Initially, the DEX supported tokens ICP, Wrapped ICP (WICP) and Cycles Token (XTC) of the Internet Computer ecosystem, and a liquidity pool for the WICP\/XTC pair.<\/p>\n<p>The platform uses an automated market maker (AMM). On the Internet Computer technology, it does not require gas for swaps. Users pay only a 0.3% swap fee to liquidity providers.<\/p>\n<p>The exchange team said that the limited token set is temporary. Users will be able to import into the network any asset that conforms to the DIP20 standard.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;From the outset, the Sonic team will handle token additions. This is not an attempt at intermediation, but rather a check for malicious assets, until we have an automated system for this,&#8221; the statement said.<\/p>\n<\/blockquote>\n<p>In January 2021, the DFINITY Foundation <a href=\"https:\/\/forklog.com\/en\/news\/developers-of-the-internet-computer-complete-the-first-phase-of-integration-with-the-bitcoin-blockchain\">completed<\/a> the first phase of integrating the Internet Computer with the Bitcoin blockchain.<\/p>\n<p>The project developers also <a href=\"https:\/\/forklog.com\/en\/news\/developers-of-the-internet-computer-complete-the-first-phase-of-integration-with-the-bitcoin-blockchain\">announced<\/a> the launch of a cross-chain bridge with the Ethereum network.<\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Facebook<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sonic has become the Internet Computer\u2019s first decentralised exchange (DEX), according to the DFINITY Foundation.<\/p>\n","protected":false},"author":1,"featured_media":56441,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[787,847],"class_list":["post-56440","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-dex","tag-dfinity"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/56440","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=56440"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/56440\/revisions"}],"predecessor-version":[{"id":56442,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/56440\/revisions\/56442"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/56441"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=56440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=56440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=56440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}