JasmyChain Got Its First Independent DEX and Nobody Saw This Coming

Jasmy Swap, a third-party decentralized exchange protocol, has officially begun operations on JasmyChain, marking the first major independent application built on the Ethereum-compatible Layer 2 network. 

JasmyLab Inc., the company behind JasmyChain, announced the launch as a ‘development example’ showing how external developers can leverage the blockchain's open infrastructure to deploy services without centralized control.

What Is Jasmy Swap?

Jasmy Swap operates as a decentralized exchange protocol on JasmyChain, using smart contracts to automatically execute digital asset swaps according to programmed logic. The platform functions independently from JasmyLab Inc., representing the type of autonomous project development that blockchain networks aim to foster.

The exchange implements several technical characteristics common to decentralized trading platforms:

• On-chain transaction execution for transparency
• Non-custodial wallet design allowing users to maintain asset control
• Expanded token utility across the JasmyChain network

A decentralized exchange (DEX) differs from centralized platforms like Coinbase or Binance by eliminating intermediary control over user funds. Instead, smart contracts handle trade execution directly between users' wallets. This architecture aligns with Web3 principles that prioritize user sovereignty over assets.

How Does JasmyChain Support Third-Party Development?

JasmyChain establishes itself as public infrastructure rather than a closed corporate network. The blockchain operates on the Arbitrum Orbit framework and Arbitrum Nitro stack, providing developers with an EVM-compatible environment for building applications.

This compatibility means developers familiar with Ethereum tooling can deploy smart contracts on JasmyChain without learning new programming languages or frameworks. The network uses JASMY as a custom gas token, replacing ETH for transaction fees, which creates native utility for the token within the ecosystem.

JasmyLab Inc. states it will continue delivering base-layer infrastructure and technical support for developers while remaining separate from individual project operations. This separation reflects standard blockchain governance where network providers maintain infrastructure without controlling applications built on top.

What Are The Risks of Using Third-Party Protocols?

JasmyLab Inc. included extensive disclaimers in its announcement, emphasizing that Jasmy Swap operates independently from the company. The organization does not participate in the platform's operation, management, or decision-making processes.

Users face categories of risk when interacting with decentralized finance protocols:

• Price volatility affecting the value of swapped assets
• Smart contract vulnerabilities that could result in fund loss
• User error risks including incorrect wallet addresses or transaction parameters
• Lack of recourse if technical failures occur

JasmyLab explicitly states the announcement does not constitute investment advice or service recommendations. The company directs users to conduct their own research (DYOR) and only engage with services at risk levels they can tolerate. 

How Does This Fit Into JasmyChain's Recent Development?

The Jasmy Swap launch follows JasmyChain's recent mainnet migration from testnet to production operations. The network completed verification testing in August 2025, including high transaction volume scenarios and network congestion conditions to validate performance under real economic activity.

Days before the Jasmy Swap announcement, JasmyChain launched Jasmy MemePad, a platform allowing users to create memecoins without programming knowledge. The platform requires a crypto wallet, a meme image, and 10 JASMY tokens to issue a new token, demonstrating JasmyChain's focus on reducing technical barriers to blockchain participation.

These developments indicate JasmyChain is building both the infrastructure layer and user-facing tools to attract developers and token creators. The emergence of independently developed protocols like Jasmy Swap suggests the network is achieving its stated goal of supporting diverse applications beyond those built by the core team.

Conclusion

Jasmy Swap's launch demonstrates JasmyChain's capacity to support third-party application development on its Layer 2 infrastructure. The decentralized exchange provides on-chain token swapping capabilities with non-custodial wallet integration, allowing users to maintain control over their assets during transactions. JasmyLab Inc. maintains its role as infrastructure provider while independent developers build applications that expand network utility, establishing the foundation for a multi-participant ecosystem on the recently migrated mainnet.

Resources

1. Jasmy on X: Posts on (January, 2026 - February, 2026) 

2. Jasmy memepad website: General info

3. Blog article by Jasmy 1: Announcement: Ecosystem Expansion on JasmyChain — Third-Party Project “Jasmy Swap” Now Live

4. Blog article by Jasmy 2: Your meme token is born with 10 JASMY! “Jasmy MemePad” is now live.

5. Blog article by Jasmy 3: Japan-Origin Blockchain “JasmyChain” Completes Mainnet Migration