NETT Netswap Rank #5855

Netswap (NETT) is a decentralized exchange (DEX) built natively on the Metis Andromeda Layer 2 network, an Ethereum scaling solution. It functions as an automated market maker (AMM), enabling users to swap tokens, provide liquidity, and earn yields directly on the Metis Layer 2 environment without relying on a centralized intermediary. As the first native DEX on Metis, Netswap is designed to take advantage of the underlying network's faster transaction speeds and significantly lower fees compared to transacting on Ethereum's base layer. It also benefits from the security and decentralization properties of the broader Metis ecosystem, which is part of the wider Decentralized Finance (DeFi) landscape. Within the Metis ecosystem, Netswap plays a foundational role by serving as a core venue for on-chain trading and liquidity provision. It represents the growing category of Layer 2-native DeFi applications, bringing exchange and financial primitives to a network focused on scalability and reduced transaction costs for users.