Saga, a Layer 1 blockchain protocol designed to launch other Layer 1s, has announced the release of its Mainnet 2.0, marking a significant advancement in blockchain economics and liquidity management.
This upgrade addresses the challenges posed by the increasing number of independent blockchains, particularly in liquidity management and cross-chain operations. Mainnet 2.0 sets the foundation for Saga's upcoming Liquidity Integration Layer (LiL), scheduled for launch in Q1 2025. LiL aims to create a unified liquidity environment across all blockchain ecosystems, automating bridge and routing transactions and eliminating gas fees for users interacting with decentralized finance (DeFi) products on Saga.
A notable development is the deployment of Uniswap v3, a leading decentralized exchange (DEX), on Saga's multichain protocol. This represents Uniswap's first app chain deployment, enabling a completely gasless trading experience and demonstrating Saga's new economic model to make DeFi accessible to everyone. Saga's LiL will facilitate easy and automated asset movement from any ecosystem to the Uniswap DEX.
Rebecca Liao, Co-Founder and CEO of Saga, stated, "Blockchain's promise of financial accessibility has been held back by fragmented liquidity and prohibitive gas fees." She emphasized that the current landscape forces users to navigate complex bridges, manage multiple tokens, and pay unpredictable fees for basic transactions. With Mainnet 2.0 and the forthcoming Liquidity Integration Layer, Saga aims to create a unified environment where liquidity flows freely between chains and applications, users are relieved from gas fees, and developers can build without constraints.
Joe Bjornsen, Head of Uniswap Growth Program, expressed support for this development, noting that many projects, especially in the Ethereum ecosystem, have attempted to solve liquidity fragmentation in multichain environments. He described gasless trading on Uniswap as a game-changer that everyone can now enjoy.
Saga's approach deviates from traditional blockchain economics by eliminating per-transaction gas fees, which often create barriers for users and developers. Instead, Saga's model generates revenue by capturing a percentage of the total value flowing through the network. This strategy enables gasless transactions for end users, eliminates complex bridge systems and token management, allows seamless movement of assets between different chains and applications, offers new revenue opportunities for developers without burdening users, and ensures true interoperability between blockchain ecosystems.
To support the Mainnet 2.0 upgrade, Saga is collaborating with infrastructure partners Evmos and Squid Router. Evmos provides the Ethereum Virtual Machine (EVM) runtime for Saga's chainlets, enabling native support for EVM tokens, while Squid Router extends its token swapping and routing services to Saga's EVM environment. These partnerships are instrumental in developing the Liquidity Integration Layer, designed to eliminate gas fees for users while creating new revenue opportunities for developers.
With Mainnet 2.0 now live and supporting the Uniswap deployment, Saga is on track to launch its Liquidity Integration Layer in Q1 2025. Developers interested in leveraging Saga's infrastructure can begin building on Mainnet 2.0 immediately, with seamless integration into the LiL environment upon its launch.
For more information about Saga and its upcoming Liquidity Integration Layer, visit www.saga.xyz.