An Introduction to CycloSwap

Published on: 01.10.2021

The Cyclos team proudly introduces CycloSwap – the most advanced swap interface on Solana.

The importance of the swap mechanism to DeFi is often taken for granted, despite the fundamental role it plays as a basic DeFi infrastructure component.  Through a combination of experimentation and user-generated feedback, the Cyclos team is continually optimizing CycloSwap.

Let us take a look at several advantages of CycloSwap offered to DeFi users on Solana.

What makes CycloSwap different?

💥 CYS token holders swap with 0 platform fees

Are you holding CYS in your wallet? If so, you have access to the lowest swap fee tier available on Solana. Not holding CYS but want access to super low fees? There’s no minimum CYS holding requirement 🙂 Low fee figures are thrown around a lot in the space, but no fee is hard to beat.

💥 Multi-market enabled swaps

On Solana, not every swap is built the same. While swapping between any pair of tokens is a simple procedure that users have grown to expect on other chains, this function remains absent from some of the major Solana-based swap platforms. Keeping in line with DeFi user expectations, Cyclos has enabled multi-market token swaps, so users can seamlessly move between any token pairing of their choice, without limitation.

💥 Token-based Price Chart Denomination

Other swaps only display USD denominated prices. With CycloSwap, flexible price charts allow users to view price history denominated in major tokens like SOL, BTC, ETH, etc. Evaluating the price performance of your desired tokens as never been easier.

What is Cyclos?

Cyclos is a concentrated liquidity market maker protocol that aims to be the go-to liquidity solution for digital asset trades on Solana. Cyclos leverages innovations around greater capital efficiency and combines them with a simple, intuitive UI, allowing liquidity providers of all sizes to participate in the market.

Website TwitterMediumDiscordTelegram

 ⏩ SOURCE

Market Stats:
BTC Dominance: 53.44%(-0.01%/24h)
ETH Dominance: 15.72%(+0.01%/24h)
Defi Market Cap: $86.27B(+5.31%/24h)
Total Market Cap: $2302.8B(-2.53%/24h)
Total Trading Volume 24h: $64.1B(-3.04%/24h)
ETH Market Cap: $361.86B
Defi to ETH Ratio: 23.84%
Defi Dominance: 3.56%
Altcoin Market Cap: $1072.25B
Altcoin Volume 24h: $38.96B
Total Cryptocurrencies: 29608
Active Cryptocurrencies: 9924
Active Market Pairs: 82094
Active Exchanges: 763
Total Exchanges: 8477
BTC: 62380.7$(0.23%/1H)
ETH: 3013.35$(-0.09%/1H)
AVAX: 34.72$(0.16%/1H)
BNB: 584.86$(0.08%/1H)
MATIC: 0.69$(0.51%/1H)
FTM: 0.67$(0.53%/1H)
ADA: 0.46$(4.51%/1H)
DOT: 7.14$(0.86%/1H)
UNI: 7.47$(0.14%/1H)
CAKE: 2.63$(0.29%/1H)
SUSHI: 1.04$(0.22%/1H)
ONE: 0.02$(0.74%/1H)