Flare, a Layer 1 blockchain focused on data, has announced that SparkDEX will deploy its DeFi hub on the Flare network. This deployment will feature an Automated Market Maker (AMM) and a perpetuals protocol.

The integration of SparkDEX into the Flare ecosystem aims to enhance the network's DeFi capabilities by providing users with advanced trading functionalities. The AMM will facilitate decentralized trading by automatically matching buy and sell orders, while the perpetuals protocol will enable users to engage in perpetual futures contracts.

This development underscores Flare's commitment to expanding its DeFi infrastructure and offering diverse financial instruments to its users.