Saga Launches Mainnet 2.0 to Revolutionize Blockchain Economics, Partners with Uniswap

Saga, the Layer 1 blockchain protocol designed to launch Layer 1s, has unveiled its Mainnet 2.0, marking a significant shift in blockchain liquidity. The upgrade promises to streamline liquidity management across multiple blockchains and lay the groundwork for the anticipated 2025 launch of the Liquidity Integration Layer (LiL), which will facilitate a unified liquidity ecosystem.

Transforming Blockchain Liquidity: A Unified Approach

In the world of decentralized finance (DeFi), liquidity fragmentation has long been a pressing issue. As blockchain ecosystems become more diverse, so too do the challenges of managing liquidity across them. Saga’s Mainnet 2.0 upgrade tackles this by enabling seamless cross-chain transactions, eliminating the need for complicated bridge systems. The protocol also introduces a novel economic model that removes gas fees entirely for users interacting with DeFi products.

One of the most notable features of Mainnet 2.0 is its collaboration with Uniswap, the world’s leading decentralized exchange (DEX). This marks Uniswap’s first-ever app chain deployment on Saga’s multichain protocol, deployed on a Saga Chainlet. With this integration, users can experience a completely gasless trading experience on Uniswap, a significant step towards reducing the barriers to entry for mainstream crypto adoption.

Rebecca Liao, CEO and Co-Founder of Saga, explained, “Blockchain’s promise of financial accessibility has been held back by fragmented liquidity and prohibitive gas fees.” She continued, “With Mainnet 2.0 and our Liquidity Integration Layer, we’re creating a unified environment where liquidity flows freely between chains and applications, users never pay gas fees, and developers can finally build without constraints.”

Eliminating Gas Fees and Complexity

At the heart of Saga’s new economic model is the idea of eliminating gas fees for users. Traditional blockchain protocols charge per-transaction fees that often deter users from fully participating in DeFi. Saga has flipped this model, capturing revenue by taking a small percentage of the total value flowing through the network, rather than charging users directly for each transaction. This not only simplifies the process for users but also encourages greater adoption of blockchain technology.

This model enables the following:

• Gasless transactions: Users never pay transaction fees, regardless of the type or volume of transactions they make.
• Seamless asset movement: Assets can move freely between different blockchain ecosystems without the need for complex bridges or token management.
• True interoperability: Saga’s protocol supports true interoperability between disparate blockchain ecosystems, making it easier for developers and users alike.

In addition to these user-friendly features, Saga’s design allows developers to build without worrying about high gas costs or complex infrastructure. With this new architecture, Saga aims to support the rapid growth of decentralized applications (dApps) and other DeFi products, particularly those reliant on cross-chain functionality.

Strategic Partnerships and Key Infrastructure Support

To support the Mainnet 2.0 upgrade, Saga has partnered with key players in the blockchain space. Evmos, a prominent Ethereum Virtual Machine (EVM) provider, has been instrumental in enabling native EVM token support on Saga’s Chainlets. This integration allows Saga to tap into the vast Ethereum ecosystem while maintaining compatibility with other blockchain networks.

Squid Router, a leading token swapping and routing service, also joins the partnership to extend its services to Saga’s EVM environment. This collaboration ensures that token swapping between chains becomes a seamless process, complementing the larger vision of cross-chain liquidity integration.

These infrastructure partners are crucial to the realization of Saga’s Liquidity Integration Layer (LiL), which will officially launch in Q1 2025. The LiL will build on the groundwork laid by Mainnet 2.0, offering a unified liquidity pool across multiple blockchain networks and applications.

A Step Towards the Future of DeFi

With Mainnet 2.0 now live, Saga is on track to redefine how liquidity operates in decentralized ecosystems. This upgrade brings developers one step closer to the broader vision of creating a true multichain, gasless environment, where liquidity flows smoothly between all applications, platforms, and blockchains.

“Deploying on Saga represents a strategic evolution for Uniswap, allowing us to explore new possibilities in multichain environments,” said Joe Bjornsen, Head of Uniswap Growth Program. “This integration advances our mission to make decentralized trading accessible to everyone while opening up unprecedented opportunities for the future of DeFi.”

Saga’s vision is already starting to take shape, and the integration of Uniswap on its platform is just the beginning. The upcoming Liquidity Integration Layer will further cement Saga’s position as a leading innovator in the blockchain space.

Saga’s unique combination of interoperability, gasless transactions, and ease of use makes it an exciting prospect for developers and users alike. It’s clear that Saga is laying the foundation for a new era in DeFi and blockchain technology.