What is Saros (SAROS)?

We encounter more and more innovations in the cryptocurrency world every day. Especially in the field of decentralized finance (DeFi), exciting projects are rapidly increasing for both investors and developers. One of these projects is Saros. Built on the Solana blockchain, Saros aims to reshape the DeFi experience with its fast and low-cost transactions. Moreover, it goes beyond being just a decentralized exchange (DEX), and brings together many features such as launchpad, farming and staking under one roof. Let's take a look at what Saros offers, how it works and why the SAROS token is so talked about in this comprehensive guide.

Definition and Origin of Saros

Saros is a comprehensive decentralized finance (DeFi) platform built on the Solana blockchain. In other words, it can be simply defined as a Solana DeFi platform. Saros allows users to perform various financial transactions such as token trading, staking, liquidity provision and launchpad services under one roof with low transaction fees. The backbone of the platform consists of core components such as SarosSwap, SarosFarm, and SarosStake. Thanks to these components, Saros serves as an integrated DEX-farming platform on the Solana network. The Saros ecosystem also includes other innovative features such as Saros ID (personal identity solution) and SarosPad.

The Saros project emerged in 2021 as a DeFi initiative launched by Coin98 Labs (Ninety Eight Finance) under the name SarosSwap. Initially an AMM-based decentralized exchange (DEX) running on the Solana network, SarosSwap has evolved over time into an integrated DeFi ecosystem called Saros V2. This expanding ecosystem includes the SarosFarm yield farming platform, the SarosStake staking service, and the decentralized launchpad called SarosPad. SarosFarm offers passive income through “pools” that incentivize liquidity providers, while SarosStake allows direct token staking. SarosPad allows new projects to conduct token sales (IDO) securely and transparently.

The project is led by the Coin98 Labs team. Coin98 Labs (Ninety Eight Finance) is a blockchain technology company founded in 2017 by Lê Thanh. Coin98 Labs is managed by an experienced team that has previously developed different DeFi solutions. The first version of Saros was announced in 2021, and the team that forms the core of the project is within Coin98 Labs.

Saros History: Major Milestones

One of the best ways to understand the true potential of a project is to closely examine its development process and evolutions over time. In this sense, Saros is on a journey that draws attention with its strategic steps, as well as its technical infrastructure. The project, which initially emerged as just a Solana-based DEX, quickly evolved into much more and evolved into a fully integrated DeFi ecosystem. This development process, from SarosSwap to SarosPad, from investment rounds to the super application vision, is one of the strong indicators of the project's goal of gaining a permanent place in the Web3 world. Let's take a look at the critical milestones that stood out in this journey.

2021-2022: SarosSwap launch

The Saros project was launched as an automatic market maker (AMM) DEX called SarosSwap developed on the Solana network. During this period, while Solana's DeFi potential was just beginning to be discussed in the crypto world, SarosSwap was positioned as an attractive option for projects that wanted to create liquidity with its fast and low-cost transactions. Users who did not want to deal with traditional structures such as order books in particular began to perform direct token swaps thanks to the simplicity and efficiency of SarosSwap.

The Coin98 team presented a very ambitious vision when they announced Saros to the public. The project was described as Solana's "missing piece" in the DeFi space. According to this statement, Saros could fill a huge gap on its own, not only technically but also strategically. In the introductions made at that time, a strong message was given that Saros would be the fundamental DeFi building block of the Solana ecosystem.

End of 2023: Saros Super App and SarosID announcement

On December 26, 2023, it was announced that Saros was moving from being just a DEX or farming platform to something much more comprehensive. This new approach, called “Saros Super App”, was based on the idea of ​​​​combining DeFi services in a single mobile application. In addition, the announced SarosID system aimed to easily manage users' Web3 identities. In other words, Saros has put into action a plan to move the user experience to a social and identity-focused dimension, in addition to addressing the financial dimension.

According to the project's descriptions, Saros Super App is a comprehensive platform built on the Solana blockchain that allows users to access decentralized finance (DeFi) services, NFTs, payments, and digital identity management through a single mobile application. This application aims to facilitate users' daily financial transactions and ensure a smooth transition to the Web3 world. On the other hand, SarosID is a system that allows users to manage their digital identities securely and privately. This system is supported by dePIN (decentralized Physical Infrastructure Network) technology.

January 2024: Strategic financing round

At the beginning of 2024, Saros received serious support from important investors in the Web3 world. Investors including Solana Ventures, Spartan Group, Kyros Ventures, Hashed and Genblock Capital provided a total investment of $3.75 million for the development of Saros. Thanks to this fund, the focus was on both the development of the Saros Super App and the expansion of the ecosystem. In particular, the investments made in mobile application infrastructure, user interface development and security attracted attention.

Spring 2024: SAROS token launch

Coin98 Labs launched $SAROS, the native token of the Saros ecosystem, in Q1 2024. This token is designed not only as a store of value, but also as an incentive mechanism and governance tool. Users who own $SAROS can earn rewards by providing liquidity to the platform, participating in farming, or staking. They can also actively participate in future decision-making processes on the platform. This launch was an important step in strengthening the decentralized structure of Saros and increasing community engagement.

April 2025: DLMM v3 launch

Saros has continued its efforts to keep its technological infrastructure constantly up-to-date and in April, it launched the Dynamic Liquidity Market Maker (DLMM) v3 update. DLMM v3 is a model that allows users to create more flexible liquidity strategies without having to deal with order book or high slippage issues. With this version, transaction efficiency on SarosSwap has increased significantly, while more optimized return opportunities have been offered for liquidity providers.

May 2025: Current ecosystem

As of today, the Saros ecosystem has grown considerably. There is a total supply of approximately 2.6 billion SAROS tokens and the number of active users has exceeded 108,000. The daily transaction volume on the platform reaches tens of millions of dollars. The total volume of transactions carried out through SarosSwap and SarosFarm to date has exceeded $100 million. The $SAROS token price was around $0.15 in the first half of 2025 and was recorded at a record high of $0.17. It reached its record price level in early April 2025.

Why is Saros Valuable?

Saros offers an integrated DeFi infrastructure built on the Solana blockchain. This structure allows users to perform decentralized financial transactions quickly, securely, and at low cost. The user-friendly interface, fast transaction times, and a variety of financial instruments offered by Saros are the main elements that increase the value of the platform.

A fully integrated DeFi infrastructure on Solana

One of the most important factors that create the value of Saros is the technological advantage brought by the Solana blockchain. Solana's capacity to process tens of thousands of transactions per second and very low transaction fees allow applications like SarosSwap to offer fast and cheap transactions to their users. For example, while purchases and sales on the SarosSwap DEX are completed in minutes, users experience low slippage and low fees. In addition, Saros stands out with its concept of a “Web3 super application” that brings together multiple financial products on a single platform. Users can access many services from wallet management to buy-sell, from staking to IDO participation without leaving the Saros application.

Strong investment support and SAROS token

Another element that makes the project valuable is strong investor support and strategic partnerships. Important funds such as Solana Ventures and Kyros Ventures supported the project by investing in Saros. In addition, the performance of the $SAROS token is also remarkable. For example, while the price of the token was approximately $0.004 in 2024, it increased to approximately $0.15 at the beginning of 2025. In other words, the one-year return was around 3600%.

In addition, the SAROS token is at the center of the Saros ecosystem and has various areas of use. What does SAROS token do? Users can earn passive income by staking SAROS tokens, get early access to new projects by participating in IDOs held via SarosPad, and vote on decisions to be taken about the future of the platform.

The usage areas of the $SAROS token within the platform add value to Saros. $SAROS holders earn additional rewards by providing liquidity or participating in farming and receive a share of the transaction fees on the platform. On the other hand, governance rights are granted to token holders. In other words, $SAROS users can vote on future settings and updates of the protocol. In addition, users who stake $SAROS can access special features and airdrops that are not yet publicly available.

Early access to new projects with SarosPad

What is SarosPad? SarosPad is a launchpad platform that allows users to invest in new and potentially high-yield projects at an early stage. SAROS token holders can participate in IDOs held through this platform and get priority access to the token sales of the projects. This early access opportunity helps users diversify their investment portfolios and increase their potential earnings. As a result, the integrated DeFi infrastructure offered by Saros, the user-friendly interface, the wide use of the SAROS token and the opportunity to access new projects with SarosPad are the main factors that increase the value of the platform.

Who is the Founder of Saros?

Saros is a DeFi platform built on the Solana blockchain and developed by Coin98 Labs. Coin98 Labs is known as a developer team based in Southeast Asia and focused on Web3 solutions. Saros is a project launched by Coin98 Labs to contribute to the Solana ecosystem. The platform offers an integrated DeFi infrastructure consisting of core components such as SarosSwap (AMM), SarosFarm, and SarosStake.

Saros has received support from many important investors, including Kyros Ventures. In a private financing round held in January 2024, $3.75 million was raised with the participation of investors such as Solana Ventures, Hashed, Spartan Group, GBV Capital, Genblock Capital, K300 Ventures, Cryptomind, and Evernew. This fund is used to develop Saros's new products such as Super App and SarosID and to expand the ecosystem.

Saros follows a community-driven growth strategy. The platform plans to transition to a decentralized autonomous organization (DAO) model by encouraging user participation in governance processes. This approach aims to actively engage users in decision-making processes about the future of the platform.

Frequently Asked Questions (FAQ)

Below are some frequently asked questions and answers about Saros:

• What is Saros, how does it work?: Saros is a platform in the decentralized finance (DeFi) ecosystem. Users can perform various financial transactions and provide liquidity using the protocol. Saros allows users to interact with their assets on the blockchain.
• In what areas is the SAROS token used?: The SAROS token is used for a number of functions on the Saros platform, such as paying transaction fees, providing liquidity, staking, and voting in decision-making processes on the platform.
• What is SarosFarm and how is it staked?: SarosFarm is the staking (investing) section of the Saros platform. Here, users can earn rewards by depositing certain tokens into the Saros ecosystem. To stake, users deposit supported tokens into SarosFarm and then track their earnings.
• How do I participate in IDOs?: To participate in IDOs, you usually need to create an account on an exchange or platform, complete the account process, and earn the right to buy tokens in exchange for a specific token or asset. Participation is usually based on specific rules and ranking systems.
• How to connect to the Solana network?: To connect to the Solana network, you need to create a Solana wallet (e.g. Phantom or Sollet) and load SOL tokens into your wallet to be able to trade on the network. Once you have properly connected your wallet, you can interact with applications on Solana.

Continue following our JR Kripto Guide series to integrate into the Solana DeFi ecosystem and participate in early-stage projects with Saros!