QuickSwap Fires Up Polygon’s DeFi Ecosystem Offering High Yields and Low Fees

If 2020 was the year that DeFi found its feet, then 2021 is shaping up to be the year that DeFi is spreading its wings across the blockchain ecosystem and finding its place beyond the boundaries of Ethereum. It was somewhat inevitable, given that Ethereum’s eye-wateringly high gas fees continue to price many smaller investors out of the market. In recent months, Polygon (formerly known as Matic Network) has been gaining significant traction. A layer 2 scaling solution for Ethereum, Polygon is popular among Ethereum loyalists and dApp developers who seek higher throughput and lower fees without compromising ETH compatibility or threatening DeFi’s beloved reigning monarch. Polygon’s DEXes – with QuickSwap at the forefront – are also gaining powerful momentum with total value locked increasing rapidly. QuickSwap is a fork of the Uniswap exchange, and as such, it offers many of the same benefits and features as its Ethereum-based counterpart.…

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