what's saga?
Saga is a Layer 1 blockchain protocol designed to enable the effortless deployment of application-specific chains called Chainlets, facilitating infinite horizontal scaling for blockchain applications. It provides developers with tools to build sovereign, interoperable chains for sectors like DeFi, gaming, and AI agents, powered by features such as automated rollup deployment, shared sequencers, and the Liquidity Integration Layer for seamless cross-chain liquidity. Saga emphasizes decentralization through its Security Chain and partnerships, including with Celestia for data availability and Uniswap for DeFi integrations. The platform's Mainnet 2.0 introduces transformed blockchain economics with transparent, subsidy-powered stablecoins and yield-generating mechanisms. Its native token, SAGA, supports staking, governance, and network operations while maintaining low implied inflation through a Community Pool rewards system.
Saga achieved $2B in trading volume and $30M in TVL.
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x.com/sagaxyz__Achieved $2 billion in cumulative trading volume across Saga.
Reached $30M in total value locked (TVL).
Generated over $800M in DEX volume in 2025.
Proposal 23 for platform migration awaits approval and would enable permissionless chainlet deployment, introduce new validator revenue streams, and create a unified Saga Security Chain as the largest mainnet upgrade to date.
Saga and Seeker owners invited to join cfldotfun community testbed with prize incentives for participation and feedback.
Saga Dollar stablecoin launches on the network with $2M current supply.
Saga Yield Hub offers a SAGA/WETH pool with 140.7% fee APR and $13,269 TVL, using Liquid Arc Strategy for automated price-based positioning.
Mustang Finance's MUST stablecoin (overcollateralized CDP backed by tBTC, WETH, SAGA, or stATOM) launches on SagaEVM with stablecoin LP pools offering 123%-236% APR across MUST-D, MUST-USDC, and D-USDC pairs. New protocol integrations include Oku Trade (tokenless with points system), Colt Protocol for $D stablecoin minting with USDC, sagayield.com dashboard for Steer Protocol incentives, and Merkl for LP reward claiming.
SagaDAO launches NFT verification tool on Discord that allows Saga and Seeker Genesis NFT holders to verify ownership via SagaBot Dashboard and access DAO perks, roles, and activities.
SagaEVM ecosystem offers yield farming opportunities with APRs between 200-1600% for $D stablecoin pools, including a D/stATOM pool at 427% APR. Squid Router integration enables bridging of USDC, tBTC, WETH, SAGA, and stATOM to the network.
Palomino protocol serves as the credit layer providing deep liquidity for stablecoins and collateral within the ecosystem. Steer and Beefy are integrated as automated yield strategy platforms for deploying minted stablecoins.
Dune dashboard for SagaEVM launches, providing centralized analytics and metrics tracking.
Threshold Labs integrates tBTC into the Saga Ecosystem.
Velocity DeFi ecosystem includes four core stablecoins: $D (ColtProtocol), $MUST (Mustang Finance), $USDC (Circle), and $YUSD (GetYieldFi).
Scheduled discussion tomorrow with TheTNetwork to cover native BTC integration for Velocity DeFi.
Platform features institutional FX mechanics natively on L1 and offers onchain carry trades as a DeFi primitive.
Live session scheduled tomorrow with Liquity Protocol to break down Mustang Finance, revealing that Mustang adapts Liquity V2 for SagaEVM.
Uniswap liquidity pools report APYs of 145% for MUST-USDC, 216% for D-WETH, and 99% for MUST-D, with PalominoFi and Steer Protocol integrated into the ecosystem.
Velocity DeFi system launches as the branded framework encompassing Mustang Finance and Colt Protocol, with OkuTrade integration enabling liquidity pool opportunities for $D token (Saga Dollar pools) and stATOM added as a collateral option for minting $MUST.
dndNGMI becomes central to the agentic vision.
SagaEVM goes live with Liquidity Integration Layer for auto-bridging and Uniswap V3 on dedicated chainlet with gasless trading. Colt Protocol launches $D stablecoin mintable 1:1 with USDC/USDT/USDN/sfrxUSD, Mustang Finance stability pools distribute 75%+ of borrower fees to depositors, and strategic integrations with Axelar, Squid, YieldFi, and Evmos become operational.
Mustang Finance enables borrowing $MUST against multiple collateral types including $SAGA, $TBTC, $yETH, $yUSD, and $WETH.
Colt Protocol and Mustang Finance go live on Saga with a Liquity fork deployment that reaches nearly $1M MUST minted.
Saga hosts a dedicated Dao house at an Abu Dhabi event scheduled for mid-December (approximately 15 days from the tweet date).
Saga holders receive exclusive early access to limited merchandise (plush and pins) with 800 discounted bundles available from 1,000 total supply, ahead of public sale on November 28.
ETHGlobal Buenos Aires wraps up with 24 projects built on Saga and 27 new chains deployed.
Saga announces $10K in hackathon prizes and holds a workshop at ETHGlobal Buenos Aires on launching gasless EVM chains.
Saga participates in EFDevcon with a workshop on November 21 demonstrating how to launch gasless EVM blockchains in minutes.
The Saga NFT collection migrates off-chain data (images and metadata) to Walrus Protocol, a decentralized storage solution built on Sui Network, to address previous availability issues and improve long-term reliability.
vyUSD goes live on Saga with ~10% APY yield on stables and points rewards for minting.
King Protocol integrates natively into the ecosystem, with $KING token set to power Mustang collateral and liquidity across Velocity DeFi.
The DAO governance vote passes the "1 Device = 1 Vote" proposal, establishing device-based voting for on-chain mobile governance.
Three assets—$KING, $STATOM, and $SAGA—expand the ecosystem.
Velocity DeFi operates on Saga, generating yield from system activity rather than token emissions.
20k Saga phones and 150k+ Seeker phones have been distributed.
SAGA tokens function as collateral for credit on MustangFi platform.
GetYieldFi integrates into the Saga stack, expanding the Liquidity Integration Layer with yield-bearing assets offering up to 10% APY for MustangFi and ColtProtocol.
Head of Gaming BD Fernando Vasconez speaks at Games Forum San Francisco to discuss web3 games and player-owned economies.
Solana Mobile discontinues software updates and security patches for the first-generation Saga phone.
Saga reaches 10 million transactions milestone across its Chainlet ecosystem.
Governance structure development underway with Genesis holders set to receive active roles in the upcoming governance system.
Saga offers $10,000 in prizes for builders at ETHGlobal Buenos Aires and confirms attendance at EFDevcon.
A testing phase begins for blockstranding with Solana Mobile Saga and Seeker owners invited to participate via Discord polls.
Kyiv joins the builder network map with a community-led Ukraine meetup.
stATOM goes live as day-one collateral on Mustang Finance stablecoin protocol, connecting Cosmos Interchain to Saga's Velocity DeFi system via Stride Zone.
Xero Frens NFT by codexero_xyz goes live on MagicEden as a free mint for SAGA and Seiyan holders.
tBTC collateral from TheTNetwork goes live on Mustang Finance at launch, bridging BTC collateral into the Velocity DeFi network.
Velocity DeFi enters a multichain phase with a Liquidity Integration Layer that connects collateral and yield across different ecosystems.
A Saga dollar product is coming soon.
Velocity DeFi rollout scheduled for October 13, 2025.
The team announces their first Twitter live stream scheduled for tomorrow, featuring updates on primitives and stables infrastructure, with team members and a special guest participating.
Results from Proposal 22's major economic restructuring are now available, which ended chain-level emissions two months ago and replaced them with a Community Pool-powered, data-driven rewards system.
The Pegasus infra stack was rebuilt from the ground up and released as open source, offering simpler, faster, and fully cloud-agnostic architecture.
A community stream is scheduled for Friday at 1pm EST featuring discussions on liquidity providing, yield farming, and Saga alpha with a Q&A segment.
The Lean Validator Stack is being unveiled tomorrow, promising lower costs for Chainlets, increased decentralization, and stronger security.
September staking rewards are now claimable but require users to link their Saga address to an 0x wallet on the SagaEVM Chainlet.
Increased developer interest and app building activity is occurring around mobile and SEEKER development, with momentum reportedly shifting in favor of these areas compared to the main project.
AMA scheduled for September 20 with @Crypto1Marine.
BitMEX announces delisting of SAGAUSDT perpetual contract on September 11 at 12:00 UTC due to insufficient trading interest, with all trading ceasing and open orders being canceled.
Native stablecoin launch announced, aimed at preventing value leakage from DeFi ecosystem.
Sales reach 20,000 units for saga and 150,000 units for seeker products.
Steer Protocol vaults launch enables automated LP management and new yield opportunities.
Full launch scheduled for August 31.
Nominated for Best Use of Blockchain at PocketGamer Mobile Games Awards.
Engineering team deploys bridge observability, IBC hooks, and gasless chainlet expansion in August update.
Major IP reveals and AI character demonstrations scheduled for August 20 at Gamescom in Cologne, featuring pop-up experience outside Koelnmesse.
New Tellor oracle integration enables off-chain data access for DeFi and prediction markets.
New partnership with ETHGlobal New York includes sponsorship, prize pools, and first-ever side event.
New stablecoin engine Mustang launches exclusively on platform, leveraging Liquity Protocol V2 for decentralized lending.
Active technical team expansion with two senior engineering positions open for frontend and protocol development.
New governance proposal migrates staking rewards to application layer, enabling chainlet-based DeFi incentives and modified validator rewards.
New tokenomics proposal introduces 3% fixed inflation model with community pool allocation and programmable incentives, replacing previous zero-inflation plan.
Platform achieves significant traction with 17 active projects and 21 deployed chains post-ETHGlobal Cannes.
Implementing zero-inflation tokenomics model to enhance long-term sustainability.
New yield-generating stablecoin launching Summer 2025 through partnership with dTRINITY_DeFi as first franchise fork.
Licensed Liquity V2 protocol integration launches in Q3, enabling multi-collateral stablecoin lending with BTC, ETH, and SAGA as collateral assets and customizable interest rates.
Expanding Ethereum ecosystem presence through EthCC mainstage speaking engagement and ETHGlobal Cannes Hackathon participation July 4-6.
New North America growth lead appointed with track record of early investments in successful crypto projects.
Steer Protocol integration enables full DeFi backend automation for LP strategies and stablecoin reserves.
Two new yield farming pools live with 175% APY for USDC pair and 247% APY for WETH pair; TVL under $500K.
Protocol shifts inflation mechanism from base chain to DeFi layer, enabling targeted economic controls.
Music streaming platform GORA Radio launches dedicated chainlet with artist and fan reward system by month end.
Vault Eleven loyalty tier achieves 85% claim rate, marking one of the highest participation rates ever.
Major yield optimizer Beefy Finance launches on chain with auto-compounding vaults and modular DeFi infrastructure.
Platform launches with staking rewards distribution and exclusive Innovator token airdrop for top 20,000 stakers.
Indexing capabilities now live through Goldsky integration, enabling GraphQL sequencing for onchain data.
Token price shows 96% decline from cycle top, ranking as worst performer among major L1 chains.
Merkl liquidity mining program backed by a16z now offers gas-free reward claims.
Updated liquidity mining program now offering 30%+ APY on stable pairs and reduced APR of up to 540% through Merkl rewards, down from previous 862% APR.
New yield farming opportunity on Merkl offers 35%+ APY specifically for USDC/USDT pools
New liquidity mining program launches on Merkl with APRs ranging from 400-870%, offering SAGA tokens and trading fees as rewards for early liquidity providers.
High-yield liquidity pools now live on Merkl offering up to 862% APR, running through May 31.
Currently among top gainers in Cosmos ecosystem amid broader altcoin recovery.
SDAC presale launches with 10% discount for existing token holders; features 100% community allocation with no team tokens.
New MMORPG 'Empire of Sight' launches using chainlet infrastructure, while Vault 10 distribution completes.
Vault 10 rewards distributed and new MMORPG Empire of Sight launches on network.
DeFi infrastructure upgrade implements Merkl for LP reward distribution, enabling instant rewards for new primitives.
Hackathon produces three new AI-focused projects built on chainlets, with MCP Agent Hub securing first place in the bounty program.
$30M token unlock event is occurring today.
New staking vault opens access to liquidity providers for the first time.