[PRESS RELEASE – USA, USA, December 17th, 2024]

Saga, the Layer 1 blockchain protocol to launch Layer 1s, today announced its Mainnet 2.0, setting the stage for a fundamental transformation in how the blockchain industry approaches liquidity. The growing number of independent blockchains has created unprecedented challenges for liquidity management and cross-chain operations. This major upgrade lays the foundation for the Q1 2025 launch of Saga’s Liquidity Integration Layer (LiL), which will create a unified liquidity environment across all blockchain ecosystems. Combining LiL with a novel token economic design, Saga will be able to automate bridge and routing transactions and eliminate gas fees for users interacting with DeFi products on Saga.

Uniswap v3, the world’s leading decentralized exchange (DEX), is deployed on Saga’s natively multichain protocol in a historic first – marking their inaugural app chain. Uniswap v3 is deployed on a Saga Chainlet and will enable a completely gasless trading experience, removing one of the primary barriers to mainstream crypto adoption and demonstrating Saga’s new economic model to make decentralized finance accessible to everyone. Saga’s LiL will enable easy and automated asset movement from any ecosystem to the Uniswap

“Blockchain’s promise of financial accessibility has been held back by fragmented liquidity and prohibitive gas fees,” said Rebecca Liao, Co-Founder and CEO at Saga. “Today’s fractured landscape of appchains and L2s forces users to navigate complex bridges, manage multiple tokens, and pay unpredictable fees just to complete basic transactions. 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.”

“Deploying on Saga represents a strategic evolution for Uniswap, allowing us to explore new possibilities in multichain environments historically plagued by liquidity fragmentation,” said Joe Bjornsen, Head of Uniswap Growth Program. “This integration advances our miss