Matrixswap Receives Grant To Build DEX Aggregator On Polygon ($MATIC)
MatrixSwap has recently received a grant from the Polygon team to build its DEX aggregator on top of the leading Ethereum “commit-chain”, Polygon (formerly known as Matic).
MatrixSwap’s DEX aggregator, The Nebuchadnezzar, will be connected to high-volume AMMs on Polygon such as SushiSwap, QuickSwap, and DFYN. Users now have even more liquidity when swapping multiple tokens into one single asset in one quick transaction.
With scalability and infrastructure development as the main concern for Ethereum, Polygon is a layer 2 scaling solution that seeks to stimulate adoption in the space by delivering on low fees and fast transactions. Polygon has been regarded as transforming Ethereum into a multi-chain system while Ehtereum continues to figure out its rollout of ETH 2.0.
About Polygon ($MATIC)
Polygon, previously known as Matic, is a framework that seeks to address the limitations of Ethereum by providing high throughput, low latency transactions, and community governance. Polygon’s novel sidechain solution offers an unparalleled user experience with high speed, instant settlement times, and the promise of building interconnected blockchain networks.
About Matrixswap
Matrixswap is a fully decentralized virtual-AMM-based perpetual swaps trading protocol deployed on the Polkadot and the Cardano blockchains. Unlike traditional AMMs, users can long or short any assets’ perpetual contracts with up to 25x leverage. Matrixswap aims to be a fully community-owned and governed Defi protocol.
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