Sauce is a decentralized trading app designed to highlight memecoins on Solana, Ethereum and Base. By offering a user-friendly interface, zero trading fees and robust security features, Sauce makes it easy for both newcomers and crypto veterans to trade tokens.

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What is Sauce?

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Sauce is a trading app designed to view, track and buy memecoins on Solana, Ethereum and Base (with Monad support coming soon). Their brand is decidedly degen and unashamedly aligned with memecoin culture.

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In their own words, "Sauce is like the stock market but for memes".

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• Real time, high quality data on all memecoins

• Pro trading features like MEV protection and holder analysis

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Sauce recently won 2nd place (and a $150,000 prize) in the Monad Madness pitch competition at the end of October, 2024.

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The memes make Sauce the best place to onboard normies and the pro trading options make it one of the best trading apps period.

Sauce

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Trade tokens on Solana, Ethereum and Base

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Traders can buy memecoins using SOL, ETH and USDC. Sauce makes it easy to bridge tokens across networks because they support tokens on Solana, Ethereum and Base. Sauce has it's eyeballs on the Monad mainnet launch and will support their tokens as well.

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Sauce prides itself on zero trading fees for users and routinely pokes fun at competitors through memes and pithy posts. Their casual face on social platforms is in sharp contrast to their no frills, data first, trading interface.

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Sauce is building a trading app that offers both convenience and security - like Banana Gun meets TEEs.

The app features a super simple trading interface, social login, and auto-yield, while protecting the user by keeping all trading logic inside a TEE.

Keone Hon, Monad founder

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Sauce has billed themselves as the first all-in-one memecoin trading platform and are appealing to project operators as a new distribution method. They have also aligned themselves as new method for onboarding normies with memecoins while also providing advanced trading tools for veterans.

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Focus on user safety and experience

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Sauce has placed a special focus on user safety and ensuring a seamless trading experience.

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• Custom Slippage: Set preferred slippage tolerance for trades

• MEV Protection: Protection against front-running and other maximal extractable value manipulations

• Turbo Mode: Increased network fee and other optimizations for trades to land quickly
• Transaction Routing: All trades are routed through decentralized exchanges (DEXs) like Uniswap and Raydium

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MEV is an acronym that stands for 'Miner Extractable Value', a mechanism in which users can mistakenly end up paying more for a transaction than they intended. MEV Protection describes methodologies of protecting blockchain users from price exploitation during Ethereum transactions.

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This is most commonly seen in the form of low slippage tolerances. Slippage is a term that describes the maximum price difference a user is willing to accept for their trade.

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• e.g. if a token is trading at $2 and slippage is set to 5%, the most you're willing to buy the token at is $2.10

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User account security

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User accounts are completely non-custodial and Sauce manages private keys using secure enclaves by industry leader Turnkey.

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Secure enclaves are trusted environments for private key management. They are a private, confidential storage which neither Sauce or Turnkey can see. All transaction signing occurs within the secure enclave and is authenticated by the users passkey.

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On the web, users use their passkey to authenticate a request for a time bound API key (15 minute expiry) so that subsequent trades in the same session are seamless.

Private Key Management, Sauce Docs

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Mobile users automatically store their API key in the their device. This is a similar approach that Backpack Wallet uses.

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Conclusion

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Sauce is defining a new niche in the crypto world by blending memecoin culture with professional grade trading features. They offer a zero-fee trading experience with support for leading blockchains Solana, Ethereum and Base (with Monad coming soon).

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By combining an approachable, meme-driven brand with advanced trading tools, Sauce is set to appeal to both crypto newcomers and seasoned traders alike, making it a standout platform for discovering and trading memecoins.

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Learn more about Backpack

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