Cryptocurrency
Saga Launches Mainnet 2.0 to Transform Blockchain Economics, Partners with Uniswap

[PRESS RELEASE – USA, USA, December 17th, 2024]
Saga, the Layer 1 blockchain protocol to launch Layer 1s, today announced its Mainnet 2.0, setting the stage for a fundamental transformation in how the blockchain industry approaches liquidity. The growing number of independent blockchains has created unprecedented challenges for liquidity management and cross-chain operations. This major upgrade lays the foundation for the Q1 2025 launch of Saga’s Liquidity Integration Layer (LiL), which will create a unified liquidity environment across all blockchain ecosystems. Combining LiL with a novel token economic design, Saga will be able to automate bridge and routing transactions and eliminate gas fees for users interacting with DeFi products on Saga.
Uniswap v3, the world’s leading decentralized exchange (DEX), is deployed on Saga’s natively multichain protocol in a historic first – marking their inaugural app chain. Uniswap v3 is deployed on a Saga Chainlet and will enable a completely gasless trading experience, removing one of the primary barriers to mainstream crypto adoption and demonstrating Saga’s new economic model to make decentralized finance accessible to everyone. Saga’s LiL will enable easy and automated asset movement from any ecosystem to the Uniswap
“Blockchain’s promise of financial accessibility has been held back by fragmented liquidity and prohibitive gas fees,” said Rebecca Liao, Co-Founder and CEO at Saga. “Today’s fractured landscape of appchains and L2s forces users to navigate complex bridges, manage multiple tokens, and pay unpredictable fees just to complete basic transactions. With Mainnet 2.0 and our Liquidity Integration Layer, we’re creating a unified environment where liquidity flows freely between chains and applications, users never pay gas fees, and developers can finally build without constraints.”
“Deploying on Saga represents a strategic evolution for Uniswap, allowing us to explore new possibilities in multichain environments historically plagued by liquidity fragmentation,” said Joe Bjornsen, Head of Uniswap Growth Program. “This integration advances our mission to make decentralized trading accessible to everyone while opening up unprecedented opportunities for the future of DeFi.”
Saga represents a radical departure from traditional blockchain economics. Instead of charging per-transaction gas fees that create barriers for users and developers, Saga’s model generates potential revenue by capturing a percentage of the total value flowing through the network. This approach enables:
- Completely gasless transactions for end users
- Elimination of complex bridge systems and token management
- Seamless movement of assets between different chains and applications
- True interoperability between blockchain ecosystems
To support the Mainnet 2.0 upgrade, Saga is working with two infrastructure partners:
- Evmos is providing the Ethereum Virtual Machine (EVM) runtime for Saga’s chainlets, enabling native support for EVM tokens
- Squid Router is extending its token swapping and routing services to Saga’s EVM environment
These partnerships support Saga’s development of the Liquidity Integration Layer, designed to eliminate gas fees for users while creating new opportunities for developers.
With Mainnet 2.0 now live and supporting the Uniswap deployment, Saga is on track to launch its Liquidity Integration Layer in Q1 2025. The LiL will build upon Mainnet 2.0’s foundational infrastructure to deliver a comprehensive solution for unified liquidity across blockchain ecosystems. Developers interested in leveraging Saga’s infrastructure can begin building on Mainnet 2.0 immediately, with seamless integration into the LiL environment when it launches next year.
For more information about Saga and its upcoming Liquidity Integration Layer, users can visit www.saga.xyz.
About SAGA
Recognized as a leading developer ecosystem in crypto and web3 gaming, Saga is creating the developer environment of the future. Its mission is to help creators unblock themselves and build where blockspace is at its most plentiful and simple. Saga was founded in 2022. Early seed investors include Placeholder, Maven11, Longhash, Samsung, Com2uS, and Polygon. Originally built on Cosmos, Saga has furthered its presence by bringing typically disparate but the best ecosystems into its Saga Multiverse through ongoing strategic partnerships.
Saga Origins is the Saga game publishing arm. Launched in March 2024, it aims to build a portfolio of games that will make players think and feel in new ways. Creatively, Saga Origins projects are provocative, like web3, and the titles will push the envelope on what’s considered gaming on all fronts.
To learn more about the Saga protocol, users can check out the website, litepaper, and developer documentation. Joining Saga’s Discord and Telegram and follow Saga on Twitter for the latest news and updates.
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Cryptocurrency
BlackRock’s ETH ETF Could Soon Offer Staking—SEC Filing Moves Forward

The US Securities and Exchange Commission has acknowledged BlackRock’s filing about allowing investors in its flagship Ethereum ETF to stake their assets.
Although this development doesn’t guarantee an official approval of the filing, it’s still a big step in the right direction.
NEW: U.S. SEC ACKNOWLEDGES BLACKROCK’S FILING TO ALLOW STAKING IN ITS SPOT $ETH ETF
— The Wolf Of All Streets (@scottmelker) July 29, 2025
The “acknowledged” part means that the securities watchdog has confirmed that it has received certain amendments made by the ETF issuer. Typically, the SEC also opens a public comment period, allowing stakeholders to weigh in on the matter.
BlackRock and Nasdaq submitted a 19b-4 rule change proposal that aims to allow investors using the iShares Ethereum Trust (ETHA) to stake ETH with staking rewards treated as income to the fund.
ETHA is by far the largest Ethereum ETF, and it became the third-fastest to reach a $10 billion AUM milestone within less than a year after its launch.
It continues to attract substantial net inflows. The last day in the red was on July 2, with $46.9 million leaving the fund. Since then, it has been on a massive roll, attracting nearly $4 billion in net inflows in less than a month.
The underlying asset’s price has benefited substantially from these enormous inflows, having surged by over 50% in the past month alone. Moreover, ETH is up by more than 150% since its bottom in early April and is close to knocking on the $4,000 door now.
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Cryptocurrency
Ripple Price Reversal Incoming as Investors Pull XRP Off Exchanges?

TL;DR
- XRP whales move over 80M tokens off exchanges, signaling long-term holding behavior.
- $845M in single-day losses follows co-founder’s $140M sell-off amid price pressure.
- RSI cools from an overbought zone, indicating that XRP may be stabilizing after the recent price drop.
Exchange Supply Drops Sharply
Between July 23 and July 26, the amount of XRP held on centralized exchanges dropped from around 4.45 billion to just over 4.25 billion, based on Glassnode data. This change suggests large holders may be moving their funds into cold storage rather than keeping them liquid.
According to Captain Redbeard, the shift shows users are not preparing to sell. Instead, they appear to be withdrawing assets, possibly to hold through current market conditions.
Glassnode data showed a clear decline in $XRP held on exchanges, suggesting that holders are moving assets into private wallets rather than preparing to sell pic.twitter.com/9osNr7w1M7
— Captain Redbeard ♂️ (@Brett_Crypto_X) July 29, 2025
XRP was priced at $3.15 at press time, down 3% in the past 24 hours and nearly 9% over the last week. The asset has slipped steadily since reaching a new all-time high at $3.65 on July 18. Despite this, wallet outflows have continued. The behavior suggests many holders are not rushing to exit positions.
Analyst Ali Martinez said that losing the $3.15 level could open the door to a test of $3. He added that such a move “could present a solid buy-the-dip opportunity.” That level now acts as the nearest key support zone.
Selling Spikes After Insider Move
On-chain data shows roughly $845 million in realized losses over the past day, one of the most significant single-day sell-offs this month. This followed reports that a Ripple co-founder sold $140 million worth of XRP. The move added pressure to an already declining market.
While some investors are taking profits, trading volume remains strong at $6.2 billion. XRP continues to trade well below its all-time high, and recent activity shows a cautious mood.
Momentum Builds Underneath
The BBTrend value now sits at 27.66, pointing to a shift in short-term momentum. The recent expansion in green bars indicates renewed buying interest.
Meanwhile, the Relative Strength Index (RSI) has declined to 59 against the recent peak of 72. This shift indicates that the asset is no longer overbought, and it could now stabilize.
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Cryptocurrency
Dormant XRP Wallets Spring to Life – What Does This Mean for Ripple’s Price?

After hitting an all-time high of $3.65 in mid-July, XRP has entered a phase of consolidation. The token is gradually retracing to hover around the $3.15 mark. Despite multiple attempts to break higher, XRP has faced resistance near $3.3.
This price action reflects a cooling-off period following the sharp rally from early July, when it surged from around $2.2. Interestingly, older XRP wallets are on the move again, which could impact the asset’s future price trajectory.
Old Coins Return to Circulation
XRP is still up by almost 46% over the past month while holding slightly shaky at the $3.15 support level. According to Santiment’s latest data, one important on-chain signal is the reactivation of dormant coins, which suggests renewed investor interest and participation from long-term holders.
The average age of XRP investments has dropped by 91 days and is now standing at 593 days. This means that a wave of older wallets is moving assets back into circulation. Historically, such behavior has often preceded or accompanied bullish price action, lending further weight to the current market momentum.
However, crypto analyst Ali Martinez warned that if XRP fails to hold the crucial $3.15 support level, the crypto asset could retrace to the $3 mark. While this potential dip may concern short-term traders, Martinez said it could offer a compelling buy-the-dip opportunity for investors anticipating a rebound, especially given XRP’s strong performance and recent on-chain activity.
While traders eye short-term price action, major players are taking a longer-term view – especially through large-scale XRP allocations.
XRP Gains Institutional Traction
In what appears to be a growing corporate confidence in XRP as a strategic asset, Hyperscale Data has officially launched its $10 million XRP treasury program. The company plans to provide weekly updates starting August 12, in a bid to boost transparency and investor trust.
With a possible 36-month lockup under consideration, Hyperscale’s move indicates a long-term commitment rather than short-term speculation. The latest development comes on the heels of Nature’s Miracle’s $20 million XRP plan.
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