THORChain

THORChain is an independent, cross-chain liquidity protocol that operates as a Layer 1 decentralised exchange (DEX). Built on the Cosmos SDK, it utilises the CometBFT consensus engine, the Cosmos-SDK state machine, and the GG20 Threshold Signature Scheme (TSS) to execute its purpose, which is to allow users to swap native assets across multiple chains with zero reliance on centralised third parties.
In doing so, it stands as one of the few exchanges that verifiably ensures transparent and fair prices for cross-chain swaps of native assets.