SparkDEX, a friendly fork of the QuickSwap decentralized exchange, will deploy its DeFi Hub featuring an automated market maker (AMM) and perps protocol on Flare.

In an announcement on Monday, Flare announced that SparkDEX has decided to launch its DeFi hub on the data-focused layer 1 blockchain, leveraging its data protocols to offer decentralized data access.

SparkDEX is a platform that integrates a DEX protocol and on-chain perpetuals to allow for trades of up to 100x leverage. The project plans to add an artificial intelligence (AI) component and other DeFi strategies as it gains traction in the market.

Meanwhile, the deployment will also benefit the Flare DeFi ecosystem. The integration of SparkDEX comes in the wake of Flare’s integration of LayerZero V2.  

“After the …