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Algorithm Analysis: OneSwap
OneSwap demonstrates a solid foundation as a featured app on the Canton Network with a functional product and backing from reputable VCs. While the project is still building, its innovative features and commitment to user incentives suggest strong potential for real-world adoption and growth.
Last analyzed: Apr 17, 2026
OneSwap on Canton
Native Canton DEX with AMM and permissionless listing, operated by Sats Terminal. Featured App. Supports CC, USDCx, and other Canton-native tokens via intent-based deposit flow.
About OneSwap
OneSwap is a permissionless automated market maker (AMM) DEX built natively on the Canton Network by Sats Terminal. Enables seamless, non-custodial swaps of Canton-native assets including CC/USDCx, CC/cBTC, and other CIP56-standard pools with transparent on-chain pricing. Liquidity providers earn fees from every swap. Users earn 1 diamond per $1 swapped. Powered by Daml smart contracts.
Features
What the product does
Intent-Based Swaps
Send tokens directly to a pool address and the protocol executes the swap automatically in seconds, with real-time pricing and slippage protection. No manual confirmations required.
CIP56-Standard Pools
Supports CC/USDCx, CC/cBTC, and other CIP56-standard token pairs natively on Canton Network.
Liquidity Provision
Deposit assets into pools and earn fees proportional to your pool share, with live APR tracking.
Diamonds Rewards
Users earn 1 diamond per $1 swapped — an on-chain incentive layer built into the protocol.
SDK & REST API
Embed OneSwap into any app: create custodial wallets, fetch swap quotes programmatically, and execute swaps inside your own product flows.
Daml Smart Contracts
Built on Canton's enterprise-grade, privacy-focused infrastructure using Daml smart contracts for institutional-grade execution.
OneSwap FAQ
Connected Projects
OneSwap is a decentralized token swap and liquidity protocol built natively on the Canton Network. It uses an automated market maker (AMM) model with constant-product liquidity pools, where LPs earn a share of swap fees. The platform operates through an intent-based deposit flow: users specify a desired swap or liquidity action, receive a pool party address, send tokens directly from their wallet, and OneSwap detects the deposit and executes the transaction automatically. Settlement happens via direct-party transfers (non-custodial at execution), with LP balances tracked off-ledger and unlocked via settlement withdrawal flows. Supported assets include CC (Amulet), USDCx, and other Canton-native tokens. Operator: Sats Terminal.
Latest on OneSwap
Recent Canton Network coverage mentioning this project
- Canton roundup: Ekiden’s upgrade deadline, wallet checks and HackCanton’s finalists20 Oct 2026 · cantonnews.org
- Canton today: Universal Burn sponsorship, cETH on Pinnaccle and builder proposals20 Oct 2026 · cantonnews.org
- OnePump’s Citizen Cards: what collectible communities could bring to Canton18 Oct 2026 · cantonnews.org
- Canton today: Canborsa’s AI update, a governance vote and a November watchlist17 Oct 2026 · cantonnews.org
- USDXLR expands stablecoin lending and trading on Canton16 Oct 2026 · cantonnews.org






