Introducing SwapKit and the future of Cross-Chain Finance⚡

Onboarding the next wave of cross-chain integrations for Web3 and beyond.

6 min readMay 30, 2024

Welcome THORChads, the wait is finally over.

You may have seen the rumors, noticed the new branding or simply heard the name mentioned in recent integration announcements…but today THORSwap is proud to officially unveil SwapKit to the world: as the next chapter of our protocol and the premiere solution for all to access the multi-chain future:

SwapKit = unified enterprise solution for all cross-chain needs

Visit SwapKit.dev to learn more.

The TL;DR version:

The THORSwap interface now runs fully on SwapKit SDK. It is the halo product showcase of all that SwapKit is capable of.
Wallets, exchanges, dApps, and platforms of all sizes can integrate SwapKit to provide non-custodial cross-chain swap, yield and lending for their users and earn fees for their protocol.

What is SwapKit?

SwapKit SDK is a powerful suite of open-source cross-chain tools that makes integrating everything across the THORSwap tech-stack a breeze — empowering any dApp to go multi-chain in less than 100 lines of code. SwapKit APIs include support for THORChain, Chainflip, Maya Protocol as well as 11+ DEX/Aggregated liquidity sources.

SwapKit also comes with the benefits of streamlined affiliate fees, improved quotes & gas pricing, robust modules for wallet connectivity, powerful custom widget, dashboard and of course, smart routing via DEX aggregation to enable swaps between 5,500+ crypto assets across 14 blockchains in a single transaction.

SwapKit integrators benefit from rigorous battle-testing on THORSwap, to abstract the complexity and optimize their cross-chain integration with SwapKit’s battle-tested infrastructure for cost-effective, enterprise-level performance.

All this evolved from years of developing and maintaining THORSwap’s custom infrastructure, as well as open-sourcing SwapKit SDK for other partners (such as KeepKey) to contribute.

Today SwapKit powers protocols such as THORSwap, OneKey, XDEFI, Edge Wallet, KeepKey and more!

History of SwapKit

*SwapKit SDK has been successfully powering the* *thorswap.finance* *interface in live production.*

As we reflect upon 3 years of THORSwap protocol maturity, a key lesson learnt along the way has been the challenges and complexity involved with building and maintaining cross-chain infrastructure. Connecting the best cross-chain protocols, DEXs, Aggregators, Wallets and Chains in the space and making sure things work seamlessly as possible is no simple feat.

Throughout the years, we have frequently encountered feedback from potential partners expressing concerns about the complexity, time, and resource requirements associated with integrating native cross-chain swaps. This feedback served as a catalyst for the vision of THORSwap’s next chapter, to onboard the next generation of crypto users and promote wider DeFi adoption. To achieve this meant not only connecting fragmented liquidity but also enabling anyone to access our technology. Thus, the concept of a comprehensive SDK solution was born, offering a one-stop, robust enterprise solution.

After a year adopting SwapKit across all aspects of THORSwap in live production and working with early integrators in stealth testing, SwapKit is now fully production ready for all projects to integrate.

Why SwapKit?

SwapKit was built to be simple yet powerful, key features include:

Monetization
Customizable fees automatically collected in your preferred asset via transparent on-chain router.
No upfront costs
Start building for free. Once live, SwapKit charges 20bps (.2%) only swaps between gas assets (BTC, ETH, AVAX, etc) and stablecoins. See Pricing for more information.
Easy to integrate
Abstract the complexity of cross-chain DeFi and save hundreds of developer hours. Accessible through an integrated API or a drop-in widget.
Single Transaction UX
SwapKit’s automated routing and DEX aggregation enables complex transactions between multiple assets and blockchains in a single transaction. No more planning out separate transactions or tracking down the required gas for fees.
Battle-tested infrastructure
Enterprise level tooling, low maintenance overhead, and a robust management dashboard.
Decentralized and Non-custodial
Connect to leading decentralized cross-chain liquidity and services without exposing your users to the risks of third-party custodians.

Key cross-chain services includes everything from trading to analytics, designed to cater to both developers and end-users. SwapKit represents a significant leap towards simplifying cross-chain finance, allowing THORSwap to serve as a foundational platform for the next generation of DeFi applications.

Integrate SwapKit today

Ready to get started? Integrating SwapKit is easy as 1,2,3:

Visit Swapkit.dev for key information, including supported chains, case studies and pricing.
Dive into the Developer Documentation for all the technical details.
(or start here) chat with us directly via discord or book a call.

Once you’re all set to go, you will be issued an API key to proceed with SwapKit integration.

Taking SwapKit to the World

After building in stealth, it’s now time to showcase SwapKit in the open.

We’re kicking off a global tour to spread the word about what SwapKit is capable of. Contributors would love to hear from you and discuss how we can help your product become truly Multi-chain. Book at a meeting with us at events around the globe: https://swapkit.dev/events

Our first stop was Bitcoin Asia in Hong Kong — the first event held outside of US by the team behind @TheBitcoinConf and @BitcoinMagazine.

As a key partner of the event, SwapKit took over the event as well as the streets of Hong Kong, with custom made bags for all conference attendees.

Upcoming in May/June:

[MAY 29–31] Consensus 2024 (Austin, US) Click here to Book Meeting
[JUNE 7–8] GM Vietnam (Ho chi minh) Click here to Book Meeting

And we’re just getting started. SwapKit looks forward to helping any team to become multi-chain in a permissionless manner. Want native swaps in your favorite wallet? Native Bitcoin support on your preferred DEX? Tag them and let them know about Swapkit!

Be sure to also follow SwapKit on Twitter(X), Telegram and the SwapKit blog for updates.

Oh yeah, we’re also hiring! 🎉 If you have the right skill sets and believe in the vision of SwapKit, get in touch at apply@swapkit.dev.

Looking Forward: The Path Ahead

As THORSwap celebrates three years of relentless building, we look forward to spreading our innovations to all via SwapKit. With many exciting integrators and collaborators on the way, we aim to establish SwapKit as a core piece of DeFi infrastructure for the future.

A heartfelt thank you to everyone who has been part of our journey so far. Here’s to continuing our mission to make cross-chain finance easy, secure, and accessible to all. Together, we are not just participants but pioneers in the evolving landscape of decentralized finance.

Onwards, THORChads — into the future and beyond! 🌍⚡ We leave you with a sneak peek from SwapKit Lead Contributor @Mogarchy at the Bitcoin Asia conference:

About THORSwap

THORSwap is the leading multi-chain decentralized exchange (DEX) aggregator powered by SwapKit. Perform cross-chain swaps in a permissionless, trustless, and non-custodial manner.