SODAX is a cross-chain decentralized finance platform that unifies swaps, lending, and borrowing across more than twelve EVM and non-EVM blockchains through a single interface. The protocol is built on Sonic, a high-throughput, EVM-compatible Layer 1 network designed for DeFi applications, and abstracts away the technical complexity of moving between chains. Rather than requiring users to interact with external bridges, wrapped assets, or manual network switching, SODAX handles these processes on the backend, so that a user can access liquidity and financial primitives on multiple chains from one entry point. Functioning as a decentralized exchange and automated market maker, SODAX also supports lending and borrowing markets, giving participants a range of core DeFi activities within one application. The project is developing intent-based execution and software development kits for partners, with the goal of enabling capital-efficient transactions and further integrations. Its native token, SODA, serves as the ecosystem's exchange-based token within the broader Sonic network and the wider DeFi landscape.
The confirmed loss was about 150.2 ETH plus 31,204 USDC, while most ICX was traced or frozen; the incident exposed a precision bug and a 105-minute containment gap.
SODAX is a cross-chain DeFi platform enabling seamless swaps, lending, and borrowing across 12+ EVM and non-EVM blockchains.
SODAX (SODA) is categorised as: Decentralized Exchange (DEX), Exchange-based Tokens, Decentralized Finance (DeFi).
The official SODAX site is https://www.sodax.com/.
Most recent SODAX coverage: "ICON Replay Exploit Releases 119.9M ICX and 531,600 bnUSD" — read at /en-US/a/icon-replay-exploit-releases-1199m-icx-and-531600-bnusd.
CryptoSlate
