What is KongSwap?

KongSwap is a decentralized exchange launched in October 2024 on the Internet Computer Protocol (ICP). It enables users to swap various tokens directly from their wallets without intermediaries, offering features like fast transaction speeds, low fees, and enhanced security through ICP's infrastructure. The platform supports bridgeless trading of native tokens from major blockchains such as Bitcoin, Ethereum, and Solana, utilizing ICP's Chain Fusion technology.

The infrastructure includes smart contracts capable of managing up to 400GB of stable memory, which facilitates advanced on-chain trading algorithms and real-time data processing. This design aims to enhance trading efficiency and reduce costs and risks associated with third-party bridges. The governance model and supply cap have not been specified in the available information.