🚀 Stride launches Stride Swap – the first DEX running directly on Cosmos Hub

📌 Stride – the leading liquid staking platform in the Cosmos ecosystem – has just announced the development of Stride Swap, the first IBC-compatible decentralized exchange (DEX) operating directly on Cosmos Hub.

📌 The project is backed by the organization managing the Cosmos ecosystem, aiming to realize the ambition of turning Cosmos into a multi-chain liquidity hub.

🔗 IBC Eureka integration – a lever to expand into Ethereum

📌 Stride Swap will leverage the IBC Eureka upgrade to enable seamless connectivity between Cosmos and EVM chains like Ethereum.

📌 Users can swap assets cross-chain, participate in custom vaults, and provide liquidity on a permissionless platform.

📈 STRD token reacts positively

📌 Following the news, the STRD token increased by over 8% in 24 hours, reaching a price of around 0.2 USD.

📌 The current TVL on Stride exceeds 32 million USD – indicating high expectations from the community.

🌐 Long-term vision

📌 Stride Swap is the first step for Cosmos to become the #DeFi hub of the multi-chain world.

📌 A representative from #Stride stated: “IBC Eureka is the rail, and Stride will bring liquidity operating on it.”