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21 June 2021

Polygon, 0x Spend $10.5 Million in Ethereum DeFi Developer Push - Decrypt

Polygon, 0x Spend $10.5 Million in Ethereum DeFi Developer Push - Decrypt


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Polygon, 0x Spend $10.5 Million in Ethereum DeFi Developer Push.

The teams behind decentralized exchange protocol 0x and Ethereum scalability platform Polygon today announced they are spending $10.5 million in a bid to get users to use the Polygon network. .

Its platform has become increasingly popular as DEX users and trading numbers have exploded within the past year, largely driven by the growth of DeFi.

Top DeFi projects such as SushiSwap, exchange liquidity pool CurveFinance, and the Quickswap DEX, are all using Polygon because it slashes gas fees—which traders typically pay when executing trades—in the hopes of attracting more would-be DeFi users.

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