Gasp

The vision behind Gasp is to redefine cross-chain asset transfers by addressing the existing limitations of centralized bridging solutions. Many current bridges rely on intermediaries and wrapped tokens, introducing additional risks, costs, and delays. By contrast, Gasp's design focuses on providing trustless, direct asset swaps, which allows users to retain full control over their assets and supports broader blockchain interoperability.

A core element of Gasp's approach is its dedication to gas-free transactions, creating a cost-effective alternative for both high-frequency traders and casual users. By eliminating gas fees, Gasp ensures a simpler and more transparent experience, with costs limited to a standard 0.3% commission. The platform’s unique fee model leverages an automated market maker (AMM) framework, enhancing affordability and transaction efficiency.

At a technological level, Gasp innovates through its omnichain zero-knowledge (ZK) rollup architecture and MEV (Maximum Extractable Value) protection. This setup improves transaction speeds while safeguarding users from front-running and sandwich attacks. Ultimately, Gasp aims to provide a highly secure, transparent, and equitable cross-chain trading environment optimized for the future of blockchain interoperability.

While specific roadmap dates are not disclosed, Gasp’s development plan focuses on building a robust cross-chain DEX framework. Core milestones include refining EigenLayer integration, expanding supported blockchains, and optimizing the gas-free, MEV-protected transaction system. As Gasp’s network grows, further advancements in liquidity provision, staking rewards, and decentralization metrics will be prioritized.

Gasp was founded by Peter Kris in 2020. In its Series A funding round on April 3, 2024, Gasp raised $5 million from investors including Polychain Capital, CMS Holdings, Master Ventures, Token Metrics, and Cluster Capital. For more information, please refer to the Tracxn company profile.

Gasp offers a testnet program for early users interested in exploring its cross-chain swapping capabilities. The testnet provides a unique environment where users can experience gas-free swaps and liquidity provision without using real assets. Early participants can also engage in liquidity mining and staking activities to understand how these incentives function within the Gasp ecosystem.

To join the testnet, users can visit the Gasp documentation and follow instructions on setting up deposits and liquidity. Through this open-access program, Gasp gathers user feedback, which is essential for enhancing functionality and addressing user needs before full deployment.