🚀 Saga (SAGA) – Launch L1 Chainlets as Easy as Deploying a Smart Contract: Comprehensive Analysis
(Data updated until 07/2025 and is just basic general information about the project to facilitate basic evaluation – Not investment advice)
🧭 Project Overview
- @Sagaxyz__ is a modular Layer-1 built on Cosmos-SDK, allowing developers to permissionlessly initialize Chainlets – specialized L1s for each application, capable of flexible horizontal scaling.
- EVM compatible, supports gasless, decentralization with independent validators, aiming for a 'Web3 cloud service' model for blockchain.
- Pegasus Mainnet launches in 2024, after exiting the Ignite incubator – receiving a seed of ~6.5 million USD from Maven 11, Polygon Studios, Samsung NEXT, Strangelove… .
📅 Important timeline (2024 – 07/2025)
- Mar 2022: Saga opens beta, seed round $6.5M.
- 2024: Pegasus Mainnet launches, activating shared-security & SAGA token staking.
- Aug 2024: LIL (Liquidity Integration Layer) launches – solving fragmentation, supporting DEX, basic cross-chain.
- Q1/2025: Gate & Medium update on inflation mechanism and incentive programs for devs & validators.
- Q2/2025: New Chainlets like AI Agents, gaming, DeFi, social to be beta on Pegasus Mainnet.
- Expected Q3/2025: 'Beyond' upgrade – reducing block time, permissionless RollApp, expanding IBC connectivity.
🤝 Partnerships & strategic partners
- Supported by Strangelove Labs – professional validators for shared security.
- Cross-chain interoperability via IBC with Cosmos ecosystems, EVM toolchain compatibility.
- LIL collaborates with Squid, Axelar, Evmos to optimize internal liquidity.
- Collaborating with games like Chrono Games (KEX launchpad), Mew, GOARadio, attracting creators and social apps.
💰 Revenue & network fees
According to DeFiLlama, Saga generates $327K/quarter from total network and application fees ($192/day chain fees + ~$1,092/day from apps).
Token economics based on SAGA staking, validator rewards, and fee-sharing from LIL & RollApp.
📊 Tokenomics & SAGA price
- Current price: $0.22; Market cap ~$59M (circulating ~270M/1.07B total) ().
- ATH: $7.82 (Apr 2024); ATL: $0.1839 (Apr 2025).
- Current price down ~97% from ATH, slightly recovering from ATL (+20%).
- Additionally, 07/2025 Launch Proposal for a maximum inflation reduction of 3%. (details on X of Saga to be seen)
⚙️ Technology & dev
- Chainlet powered by Cosmos-SDK + EVM, supporting multiple VMs within the same system.
- Pegasus upgrade activates shared security facing validator decentralization.
- Liquidity Integration Layer (LIL) allows for automatic cross-chain swaps/liquidity between chainlets.
- GitHub system ssc, sdk, explorer is still very active with updates Q2/Q3 2025.
🛣️ Roadmap 2025
- Beyond Upgrade (Q3): Permissionless RollApp, reducing block time, increasing speed.
Expand LIL – launch perpetual, lending, yield optimizer.
- Launch more Chainlets: AI, gaming, social, infrastructure services.
- Developing dev tools, grants, onboarding for the developer community.
⚠️ Strengths & challenges
✅ Standard Modular Chainlet – fast deployment, gasless, high performance.
✅ Shared-security with validators – optimizing security and costs.
✅ LIL & cross-chain liquidity solve the fragmentation issue.
⚠️ Market cap is still low; significant price decline creates a cautious mentality.
⚠️ Fierce competition from Arbitrum, Optimism, zkSync, Polygon.
⚠️ The economic model ahead needs liftoff through real Chainlet adoption.
🧾 Conclusion
Saga is currently the first 'Web3 cloud' solution for appchains, enabling easy and efficient deployment of separate L1s. With Pegasus, LIL, and a growing developer community, Saga holds a prominent position in the modular blockchain infrastructure. However, the key point lies in the speed of application deployment and actual adoption – Beyond upgrade Q3/2025 will be a crucial turning point.
Source: Messari, Binance Research, CoinMarketCap, DefiLlama, Blogtienao,… Please bookmark, save, like, and share if you find the article useful, thank you.
🎯 Hashtags:
#Saga #SAGA #Chainlets #ModularBlockchain #Pegasus #LIL #Web3Cloud #Layer1 #Tokenomics #Messari #BinanceResearch
