Gasp Launches the Alpha Phase of Its Cross-Chain DEX, the First in the EigenLayer Ecosystem

By Chainwire

New York, United States, December 18th, 2024, Chainwire

The protocol aims to unify fragmented digital asset markets by enabling secure, gasless, and native cross-chain transactions

Gasp has unveiled the Alpha Launch of its cross-chain DEX, an innovative step toward consolidating the fragmented digital asset markets into one seamless platform. This Alpha Phase introduces Gasp’s first live product – a gasless and secure cross-chain DEX – allowing users to perform native cross-chain transactions across the Ethereum, Arbitrum, and Base blockchains. As the first retail DEX and decentralized application (DApp) in the EigenLayer ecosystem, Gasp enables users to interact directly with EigenLayer, showcasing its potential as a transformative blockchain infrastructure.

The Alpha Phase offers early adopters opportunities to explore and test core features, including cross-chain swaps, liquidity pools, and reward mechanisms ahead of Gasp’s 2025 mainnet launch. As the protocol further broadens its ecosystem, Gasp plans to integrate additional EVM-compatible chains, including Optimism, Scroll, Blast, and others. 

“The launch of the Gasp Alpha Phase is the realization of a vision to bring simplicity, security, and scalability to the fragmented world of digital assets,” said Peter Kris, co-founder and CEO at Gasp. “This marks an important step in providing our community with the tools to trade seamlessly across chains and build liquidity in innovative ways.” 

As part of this launch, Gasp introduces its GASP token via a dedicated community pool. Innovating away from original TGE methods, Gasp’s community-first approach enables users to acquire GASP tokens early, at the same stage as smart capital. During the Alpha Phase, the GASP token will remain non-transferable and can only be obtained directly from the DEX, offering users the opportunity to explore the token’s core functionalities.

Unlike traditional bridges that sacrifice security for convenience, Gasp delivers both by leveraging Ethereum-native protections through EigenLayer, providing native cross-chain security. During the Alpha Phase, Gasp’s focus is on bringing liquidity to the most in-demand pools, showcasing its ability to securely and efficiently connect diverse blockchain networks.

“This Alpha Phase is just the beginning,” Kris continued. “Our vision extends far beyond digital assets. By connecting blockchains with traditional financial markets, we’re laying the groundwork for a revolutionary cross-market settlement layer that will redefine global finance.”

For more information about the launch, users can visit app.gasp.xyz.

About Gasp

Gasp.xyz is building the first consolidated asset network, securing cross-domain liquidity for all assets, making it easy to trade assets in a gasless and MEV-protected environment. At its core is the $GASP token, which powers the network’s modular framework and enables users to make swaps. Gasp is integrated with Ethereum, Arbitrum, and Base, and will soon integrate other EVM ecosystems and eventually non-EVM chains, enabling seamless movement of value for any asset. Users can learn more at: www.gasp.xyz.

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