ShapeShift: more privacy, speed, and self-custody at the heart of DeFi

ShapeShift, the longest-running crypto trading platform in the world and now organized as a DAO (decentralized autonomous organization), puts an end to rumors that it was “defunct” or “closed.” 

With a significant update to its application and landing page, ShapeShift reaffirms its presence in the decentralized finance landscape, focusing on speed, stability, and, above all, self-custody of digital assets.

ShapeShift: a next-generation technical infrastructure

The recent upgrade represents a crucial milestone in the evolution of ShapeShift, which after the transition to a DAO has strengthened its mission: to offer a private, non-custodial multichain platform where users retain full control of their assets. 

Thanks to the integration with the enterprise-grade node infrastructure of Liquify, ShapeShift now guarantees 99.999% availability and a significantly higher transaction speed compared to the past.

Each node of the platform operates with at least two dedicated backup systems, doubling the overall reliability of the app. This means that swaps are processed without interruptions, ensuring users a smooth and secure management of their funds. The result is a faster and more reliable trading experience, eliminating friction, delays, and instability often encountered in other DeFi solutions.

Rapid Expansion and Multichain Support

The new technical foundation allows ShapeShift to evaluate and integrate new blockchains with unprecedented speed. This results in a broader offering of swappers, trading pairs, and features that directly enhance performance and user experience.

The platform is now capable of supporting high-throughput chains like Hyperliquid, as well as privacy-focused networks like Zcash and Dash. A decisive step towards the goal of making open and interoperable finance accessible to everyone.

Integration with hardware wallet: security without compromise

ShapeShift expands its ecosystem by including support for GridPlus, a hardware wallet that allows users to connect directly to the platform’s trading interface. 

This integration allows trading, managing, and handling digital assets across multiple blockchains while maintaining full self-custody: no intermediaries, no centralized exchange, no compromise on security.

ShapeShift revamps the user interface for mass DeFi

On the user experience front, ShapeShift introduces a new simplified swap interface, removing the side navigation bar to prioritize speed, simplicity, and usability. The mobile and web experience is unified into a single high-performance ecosystem, ready to handle the traffic of a future mass adoption of DeFi.

Inspired by the early designs of Uniswap, the new platform offers a cleaner, faster, and more transparent experience, setting the standard for what self-custodial DeFi should be for the next generation of users.

The voice of the community: resilience and innovation

Houston Morgan, head of growth and community at ShapeShift, emphasizes how this revamped platform is proof that ShapeShift is “more alive than ever.” 

Morgan states: 

ShapeShift: a story of decentralization and privacy

Founded in 2014, ShapeShift has evolved into a decentralized, open-source platform governed by the community through the token FOX. Its offering allows for the exchange of assets on over 15 blockchains at the best available prices, without KYC, custody risks, or centralized control. 

The philosophy of ShapeShift is based on self-custody, privacy, and multichain aggregation, combining an intuitive and mobile-first design with cutting-edge liquidity routing, suitable for both everyday users and high-volume traders.

A platform ready for the future of DeFi

With this important update, ShapeShift positions itself as a benchmark for those seeking a non-custodial, fast, and reliable solution in the world of decentralized finance. The integration of new blockchains, support for hardware wallets, and a simplified user experience make the platform ready to welcome the next wave of users, in a context where individual sovereignty is increasingly threatened by traditional finance.

ShapeShift thus demonstrates that it is not only alive but also at the forefront, ready to lead the DeFi revolution towards a more open, interoperable, and secure future for everyone.