The Saga Project (Currency Code: SAGA) is a Layer 1 blockchain protocol aimed at enabling developers to launch custom blockchain chains known as Chainlets, providing an environment for unlimited horizontal scalability for Web 3 applications, especially in the fields of gaming and decentralized finance (DeFi).
⚙️ What is the Saga Project?
Saga is built using Cosmos SDK and relies on a Delegated Proof of Stake (DPoS) mechanism. It allows developers to create custom chains (Chainlets) that operate independently but benefit from the main network's security of Saga. Each Chainlet can be compatible with different virtual machines (VM), providing great flexibility in application development.
🪙 Uses of the SAGA currency
The SAGA currency is the native currency of the Saga Network and is used for:
Payment for creating and operating Chainlets: Developers pay SAGA coins to network validators for running their custom chains.
Staking: Currency holders can stake it to contribute to network security and earn rewards.
Governance: SAGA holders participate in decision-making regarding network development and future updates.
📈 Market performance of the currency
As of May 2025, the SAGA currency is trading at $0.415, with a daily trading volume exceeding $152 million and a market cap of approximately $102 million.
🤝 Partnerships and expansion
Saga has partnered with prominent protocols such as Polygon, Avalanche, and Celestia, enhancing its integration within the blockchain ecosystem. It also recently launched Mainnet 2.0, which supports gasless transactions and provides a Liquidity Integration Layer to facilitate asset transfer between different chains.
🕹️ Focus on gaming
The gaming sector is one of the main areas targeted by Saga, with about 80% of the projects using its protocol focusing on developing Web3 games, highlighting its interest in providing a strong infrastructure for this sector.
✅ Is it worth investing?
If you are interested in blockchain projects that offer scalable solutions and focus on custom applications, particularly in the gaming sector, then Saga represents a promising option. However, it is always advisable to conduct thorough research and understand the risks associated with investing in cryptocurrencies.