Ethereum L2 Taiko launches native DEX Taikoswap

Ethereum Layer 2 network Taiko has announced the launch of its native decentralized exchange (DEX), Taikoswap. The company stated that the move expands its DeFi infrastructure, which is built on a based rollup, and is intended to improve liquidity and the trading environment within its ecosystem. Taikoswap maintains an Ethereum-aligned architecture for compatibility, which it says provides advantages in stability and decentralization. At launch, the DEX will support three trading pairs: ETH/USDC, TAIKO/USDC, and TAIKO/ETH.