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10 May 2021

QuickSwap (QUICK) gains 420% as Polygon’s (MATIC) L2 network attracts new liquidity

QuickSwap (QUICK) gains 420% as Polygon’s (MATIC) L2 network attracts new liquidity


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One L2 solution that has emerged as a top choice for DeFi projects and traders is Polygon (MATIC), which over the past week, has seen its price climb toward new highs due to a surge in activity at its QuickSwap decentralized exchange.

As DeFi activity begins to rise again and a growing number of analysts begin to predict that a new altcoin season is in the works, the Polygon ecosystem and its QuickSwap DEX could pull in more liquidity, especially if Ethereum users choose to use the MATIC bridge to shift into a layer-2-based, low fee environment

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cointelegraph.com
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