SilentSwap, a new decentralized exchange (DEX) aggregator, is set to make its entry into the crypto market, offering more efficient and cost-effective asset-swapping capabilities.
Self-sustaining Ecosystem
A product of SquidGrow, SilentSwap is privacy-focused and provides non-custodial, trustless, and decentralized solutions that safeguard user privacy and enhance security. Both SquidGrow and SilentSwap are the brainchild of Shibtoshi, a notable figure in the crypto world and one of the largest Shiba Inu whales. SquidGrow was launched on the BSC Chain in the summer of 2022 with a market cap of $25K and grew to $52 million within months. This multi-chain project features over 500K transactions and 23K holders. Throughout the bear market, the project kept building utilities and underwent numerous security audits.
Complete Privacy and Fund Ownership
SilentSwap places a special emphasis on privacy and safety, which are critical needs in today's world. According to Shibtoshi: “If there's a void in the space in a particular area, how do you fill that void? You build it that way.” SilentSwap is set to launch in partnership with Secret Network, the first protocol to offer private smart contracts on the mainnet. SilentSwap leverages Secret Network's technology to provide privacy when swapping assets cross-chain. As a non-custodial platform, SilentSwap never takes possession of user funds, ensuring that users retain full control over their assets.
Partnerships and Future Launches
Before its official launch, SilentSwap attracted over 18,000 submissions for early access, highlighting the strong demand for privacy-first solutions. SilentSwap also partnered with Web3 Neobank Zeebu to drive innovation. With the help of Secret Network, SilentSwap brings unparalleled privacy to the DeFi space, allowing users to execute cross-chain transactions while maintaining complete confidentiality.
SilentSwap offers non-custodial, trustless, and decentralized solutions that ensure user privacy and security in crypto exchanges. The partnership with Secret Network emphasizes their commitment to this vision, making SilentSwap a key step towards a more secure and private future in the DeFi world.
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