- Saber is a decentralized exchange (DeX) that is primarily built on the Solana blockchain network.
- It aims to be one of the critical liquidity foundations for stablecoins.
- At the time of drafting, SBR token was trading at US$0.063434 with a trading volume of US$1,034,923 over the day.
Saber is a decentralized exchange (DeX), which is primarily built on the Solana blockchain network, and aims to be one of the critical liquidity foundations for stablecoins. It claims to provide swapping opportunities for more than 30 cryptos with a swap pair of USDT-USDC etc.
One of the advantages of Saber is its ability to offer services at low transaction fees and faster transaction speed. Saber is able to do it due to Solana’s faster throughput ability, which offers lower transaction costs as against the likes of Ethereum.
Recently, Saber completed the integration with Clover Finance wallet to expand its vision to create a multi-chain ecosystem, which aims to accelerate and improve the DeFi experience.
How does Saber work?
One of the key components of Saber’s functioning is its ability to work as an Automated Market Maker (AMM). Traditionally, all AMM-based exchanges are not trader dependent to complete a particular transaction. In fact, it’s the liquidity pool providers who manage the flow of funds and they are in turn given a portion of the transaction fees.
So, one can simply execute their respective transactions without having to wait for trader availability. One can complete the transaction against the pool as they are not dependent on the coin’s availability.
Saber crypto’s performance
Saber crypto is governed by its native token SBR and is ranked 3191 on CoinMarketCap. At the time of drafting, SBR token was trading at US$0.063434 with a trading volume of US$1,034,923 over the day. SBR token on 28 January was down by 4.40%, with a fully diluted live market cap of US$634,327,143 and a maximum supply of 10,000,000,000 SBR coins.
Saber crypto has been on a bearish trend of late and hasn’t seen much of a positive run. The overall crypto market is seeing significant lows, where SBR token was down by 41% over the past week. Investors believe that once the market revives, they would see a positive rally in Solana’s price. Only time would tell whether Saber token would see good days ahead and surge in the market.