Saber is a cross-chain AMM/DEX on Solana that is aiming to create a multi-chain ecosystem through being a key liquidity provider for stablecoins and other wrapped assets. Saber wants to leverage Solana's low-fees to accelerate Defi user experience and drive mainstream Defi adoption in the future. One of the advantages of Saber is its ability to offer services at low transaction fees and faster transaction speed. Saber is able to do this due to Solana’s faster throughput ability, which offers lower transaction costs as against the likes of Ethereum.

Users can deposit crypto into a Saber liquidity pool to earn passive yield from transaction fees, token-based incentives, and eventually automated DeFi strategies. As of Feb 2022, Saber currently has ~800m USD of TVL with ~54m USD of 24hr trading volume, with the 3 largest pools by TVL being USDT-USDC, UST-USDC, mSOL-SOL.

Saber launched in June 2021 and is currently the 5th largest project on Solana by TVL.