Polkaswap 2024 Year in Review
The on-chain order book, ALT integration, HASHI bridge expansion, Telegram Mini App, and more stylish DeFi experiences made 2025 a year to remember.
As we wrap up 2024, it’s time to reflect on Polkaswap's advancements this year. From significant updates to new platform features and incredible integrations, Polkaswap has strengthened its position as the most stylish DEX in the Web3 space. Let’s dive into this year’s key highlights.
Elevating the Trading Experience
On-Chain Order Book
One of 2024's standout developments was the launch of Polkaswap’s fully decentralized on-chain order book. By integrating this advanced feature alongside its Automated Market Maker (AMM), Polkaswap now offers traders the best of both worlds: real-time liquidity data and precise trading strategies. This enhancement elevates the decentralized trading experience to match and even surpass traditional centralized exchanges.
Aggregate Liquidity Technology (ALT)
Polkaswap implemented Aggregate Liquidity Technology to optimise trading efficiency. ALT is live for swaps and market orders on the trade page and now sources liquidity from multiple sources, including order books, which ensures users receive the best possible prices on their trades. Moving forward, more sources will be added.
Improved User Experience
Customizable Swap Pages
Polkaswap introduced customizable Swap Pages, allowing users to tailor their interface with widgets for real-time transaction updates, volume tracking, and swap route visualization. New features like Picture-in-Picture mode allow widgets to remain accessible even when minimizing the browser, enhancing multitasking capabilities.
Better Asset Management
The platform improved asset management with features like adding multiple assets, setting favourites, and applying new filters. These updates simplify organization and make managing assets more intuitive across devices.
Picture-in-Picture Mode
This innovative feature allows widgets to break free from the browser and remain visible even when you minimize it. Floating widgets provide unmatched accessibility, ensuring critical tools are always at your fingertips for a seamless trading experience.
Auto-Hide Balances
Polkaswap added an auto-hide balances feature, providing users with enhanced privacy. Users can rotate their screen on the SORA and Fearless Wallet to hide balances quickly and effortlessly to avoid prying eyes.
Accessibility and Interoperability
HASHI Bridge Expansion
This year saw significant progress in expanding Polkaswap’s cross-chain capabilities. The HASHI Substrate Bridge was successfully integrated with networks like Polkadot, Astar, Liberland, and Curio, allowing seamless transfers and liquidity sharing. Development for bridges with Asset Hub and TON networks is underway, promising even broader connectivity in 2025.
Polkaswap Telegram Mini App
In an exciting move, Polkaswap launched as a Telegram Mini App, enabling users to trade cryptocurrencies directly within the Telegram platform. This integration brings unmatched convenience and accessibility, engaging interaction with Polkaswap from the convenience of the messaging app.
Polkaswap Liquidity Pools on SORA and Fearless Wallet
Polkaswap expanded its DeFi capabilities by directly integrating liquidity pools into the SORA and Fearless Wallet. This feature allows users to provide and manage liquidity. The integration simplifies liquidity management, making it more accessible for users to earn rewards and participate in DeFi across platforms.
DeFi
Kensetsu Platform
Kensetsu platform was introduced, an over-collateralized stable asset lending platform, SORA’s equivalent to MakerDAO, that allows users to borrow stablecoins pegged to several fiat currencies, as well as gold and silver. Unlike MakerDAO, Kensetsu offers two types of vaults for users to lock up collateral in exchange for stablecoins, with options for collateral retrieval varying by vault type.
WalletConnect Support
WalletConnect integration introduced a seamless SORA account connection, offering more flexibility and options for accessing Polkaswap.
Community-Building
Point System
The point system accumulates your on-chain activities on the SORA network. SORATOPIA points will also be accumulated for off-chain tasks. Just a point system. Probably nothing. Stay tuned for 2025!
Hey, 2025
Polkaswap’s achievements in 2024 set a strong foundation for the future. Some of the things to look ahead to in 2025:
Asset Owner Page
This page will streamline the token issuance process, enabling users to issue tokens with just a few clicks. Future updates will allow the creation of Soulbound Tokens (SBTs), representing digital identities and unique traits.
Point System Improvements
Enhancements to the Point System are underway, incorporating more on-chain data. New criteria for tasks, achievements, and point rewards will increase the system’s overall impact.
Multi-Signature Transaction Support
Multi-signature transactions add an extra layer of security by requiring multiple authorized parties to sign off on a transaction before it can be executed. This feature is essential for collaborative environments like DAOs, businesses, or organisations managing shared funds. Multi-Signature support on Polkaswap enables safer management of assets by reducing the risk of a single point of failure or unauthorized access.
HASHI Bridge with TON
Following Polkaswap’s Telegram Mini App listing on ton.app, development has begun on the HASHI Bridge with the TON network. This will enable native TON tokens to be used on Polkaswap, enhancing cross-chain interoperability.
Pool Page Redesign
Work has started redesigning the Pool Page to improve statistics visibility and simplify liquidity management. More features will follow in upcoming updates.
Thank you for being part of the Polkaswap journey. Together, we are shaping the future of decentralized finance. Stay tuned for more updates, and let’s continue building a vibrant and inclusive DeFi ecosystem.
And, as always, Trade with Style and Freedom!
About Polkaswap
Polkaswap is a next-generation, cross-chain liquidity aggregator and hybrid AMM and order book DEX on the SORA network. Through the development of bridge technologies, Polkaswap enables Ethereum-based tokens to be traded. Polkaswap offers cross-chain asset exchange with major Polkadot and EVM chains with TON coming soon.
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