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As the web3 realm continues to expand at an alarming rate, existing projects are finding themselves with a need to evolve to keep up with the demands of the crypto market. One such project is Saros, which started as an app offering decentralized finance (DeFi) services through the Solana ecosystem.
Upon launch in Q3, 2021, Saros version 1 was launched as a decentralized exchange (DEX). However, in 2024, the project updated its road map to V2 to incorporate a suite of web3 features, such as a noncustodial wallet with a Solana-powered payment system and an NFT hub.
Let’s look at how Saros has evolved to make a mark in the fast-paced web3 space.
Key Takeaways:
Saros V1 was launched as a DeFi DApp, but the project is now upgrading to Saros V2 as an all-encompassing web3 DApp that will include Super App, a noncustodial wallet; SarosID, a digital identification system; an NFT hub; and a DEX aggregator.
Together with the launch of the Super App, the project has released SAROS, the native token of the Saros ecosystem, to incentivize participation in the Saros ecosystem.
SAROS can be bought on Bybit as a Spot pair.