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First DEX on Internet Computer launches, others coming soon -Breaking

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© Reuters.

The first decentralized exchange on the Dfinity Foundation’s Internet Computer blockchain went live this week, following up on the recent release of a new whitepaper. Cointelegraph has learned that there are two additional exchanges currently in work.

Sonic was the initial version of the DEX that launched on Sunday. Token swaps with the ICP native token Internet Computer Protocol are possible in three pools at first: InterICP/WICP(wrapped ICP), ICP/XTC [Cycles Token], and WICP/XTC. In exchange for liquidity, users can earn rewards.