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First Decentralized Exchange Launches on Polkadot and Kusama Ecosystem

Karura Swap opened for trading with $3.4 million in total value locked.

By Jamie Crawley
Updated Sep 14, 2021, 1:30 p.m. Published Jul 23, 2021, 2:10 p.m.
polkadot-kusama

The first decentralized exchange on the Polkadot and Kusama ecosystem has been launched by Karura, the decentralized finance (DeFi) network of the Acala Foundation.

STORY CONTINUES BELOW
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  • Karura Swap opened for trading with $3.4 million in total value locked, according to an announcement Friday.
  • The exchange's first trading pair is KSM/KAR, formed of the native tokens of Kusama and Karura.
  • Karura Swap will harness a "bootstrap" mechanism as a means of launching a new trading pair in a warm-up mode as a means of achieving liquidity without some of the risks of market manipulation.
  • Trading is temporarily disabled in bootstrap mode until the predetermined liquidity requirements are reached, the announcement said.
  • Karura was announced in June as the first winner of a 48-week lease to build on Kusama, Polkadot's pre-production environment, also known as its "canary" network.
  • Polkadot and other networks like Cosmos and Solana are offering developers a way to avoid the higher costs and increased congestion on Ethereum that have come with the explosion in the DeFi market.

Read more: Blockchain Privacy Firm Integritee Raises $2M Ahead of Kusama Parachain Auction

decentralized exchangesPolkadotDeFikusamaKarura

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Sizin için daha fazlası

Bitcoin Jumps to $99K as Spiking Coinbase Premium Points to Strong U.S. Buying

Yazan Andrés Engler
11 Kas 2025
alt

Spot BTC prices were at times $300 pricier on Coinbase relative to Binance, suggesting the rally may be driven by heavy demand from American investors.

Bilinmesi gerekenler:

  • Bitcoin surged towards $100,000 on Wednesday's U.S. trading session, gaining 3.2% in the past 24 hours.
  • The rally coincided with significant spot BTC price premium on Coinbase.
  • Fed Chair Jerome Powell called bitcoin a competitor to gold during a panel discussion.
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