{"id":400467,"date":"2022-01-28T12:05:00","date_gmt":"2022-01-28T09:05:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/first-dex-on-internet-computer-launches-others-coming-soon\/"},"modified":"2022-01-28T12:05:00","modified_gmt":"2022-01-28T09:05:00","slug":"first-dex-on-internet-computer-launches-others-coming-soon","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/first-dex-on-internet-computer-launches-others-coming-soon\/","title":{"rendered":"# First DEX on Internet Computer launches, others coming soon"},"content":{"rendered":"<p>&#8220;<strong># First DEX on Internet Computer launches, others coming soon <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDEvZThhYjA5OTItMDNjMy00NmEyLWJiZmEtYjg4OGY0MmMxMDJjLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>The first decentralized exchange on the Dfinity Foundation\u2019s Internet Computer blockchain went live this week, following up on the recent release of a new whitepaper. And according to information shared with Cointelegraph, there are already two other exchanges in the works. <\/p>\n<p>The first version of the new DEX called Sonic launched to mainnet on Sunday. There are initially only three pools for token swaps using its native token Internet Computer Protocol (ICP): InterICP\/WICP (wr<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ed ICP), ICP\/XTC (Cycles Token), and WICP\/XTC. Users can also earn rewards for providing liquidity. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Sonic, the first DEX to launch on the Internet Computer, is now live.<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/sonic_ooo?ref_src=twsrc%5Etfw\">@sonic_ooo<\/a> offers a suite of DeFi products for the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/InternetComputer?src=hash&amp;ref_src=twsrc%5Etfw\">#InternetComputer<\/a> blockchain, operating on a gasless AMM. \u26fd\ufe0f<\/p>\n<p>DeFi on the IC has arrived.  <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/IjClg4LRxo\">https:\/\/t.co\/IjClg4LRxo<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/CH3f3qgIVM\">pic.twitter.com\/CH3f3qgIVM<\/a><\/p>\n<p>\u2014 DFINITY Foundation (@dfinity) <a rel=\"nofollow noopener\" target=\"_blank\" 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><br \/>\nDfinity Head of Comms Michael Less told Cointelegraph that Sonic plans to redefine what it truly means to be an example of decentralized finance (DeFi). Sonic has sub-one second transaction finality and is entirely run on the IC\u2019s public blockchain network without any gas fees. <\/p>\n<p>\u201cIt is completely running on a public blockchain, where it cannot be shut down \u2014 you can\u2019t shut it down, it runs perpetually,\u201d he said, explaining that its current primary focus is an upcoming integration with Ethereum, which is slated for Q3 this year. <\/p>\n<blockquote><p>\u201cYou\u2019re going to be able to bring your Ethereum assets into Sonic, and it will be like Uniswap but with no gas fees and lightning fast.\u201d <\/p><\/blockquote>\n<p>There are already plans for a Sonic V2, which will add a token Launchpad, DAO (decentralized autonomous organization) tools, and its own native SONIC governance token. The launch date for Sonic V2 is yet to be confirmed. <\/p>\n<p>According to information shared with Cointelegraph, there are at least two other DEXs that will be joining Sonic on the IC \u201cin the next few weeks\u201d, including InfinitySwap and ICP Swap. <\/p>\n<p>Internet Computer is a public blockchain and protocol aimed at running a truly decentralized internet by allowing developers to install smart contracts and decentralized applications (DApps) directly on the blockchain. <\/p>\n<p>It was incubated and launched after years in development by Dfinity in May 2021 \u2013 a nonprofit based in Zurich.<\/p>\n<p>The new white<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dfinity.org\/whitepaper.pdf\"> paper<\/a> \u201cThe Internet Computer for Geeks\u201d released on Jan 21 goes back to basics, explaining the fundamentals of how the IC uses smart contracts to power the emerging Web 3.0 decentralized ecosystem.<\/p>\n<p><strong><em>Related: Internet Computer: Correction risk rises after ICP price gains nearly 60% in 5 days<\/em><\/strong><\/p>\n<p>According to Dfinity, there are over a thousand developers building on the IC blockchain. Projects include <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a> DApps such as <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dwqte-viaaa-aaaai-qaufq-cai.ic0.app\/\">Desocial<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/h5aet-waaaa-aaaab-qaamq-cai.raw.ic0.app\/\">DSCVR<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/az5sd-cqaaa-aaaae-aaarq-cai.ic0.app\/\">Distrikt<\/a>; Metavserse projects such as <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/dfinity\/status\/1457392573199175685?s=20\">PokedStudios<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/ic.gallery\">IC Gallery<\/a>, and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a>fi projects such as <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/7qx3n-ziaaa-aaaad-qaqca-cai.raw.ic0.app\/\">Cube Run<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/metasportsbball.xyz\">MetaSports Basketball<\/a>.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/first-dex-on-internet-computer-launches-others-coming-soon\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# First DEX on Internet Computer launches, others coming soon &#8221; The first decentralized exchange on the Dfinity Foundation\u2019s Internet Computer blockchain went live this week, following up on the recent release of a new whitepaper. And according to information shared with Cointelegraph, there are already two other exchanges in the works. The first version&#8230;<\/p>\n","protected":false},"author":1,"featured_media":400468,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDEvZThhYjA5OTItMDNjMy00NmEyLWJiZmEtYjg4OGY0MmMxMDJjLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,74877,74868,75916,48],"class_list":["post-400467","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-decentralized-exchange","tag-defi","tag-dex","tag-internet"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/400467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=400467"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/400467\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/400468"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=400467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=400467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=400467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}