KwikSwap The First DEX To Go Live on Shiden Network

Published on: 25.09.2021

KwikSwap is a relatively new cross-chain automated protocol on Polkadot & Ethereum incorporating Astar, Shiden Network Parachains as well as Binance Smart Chain. The KwikSwap protocol provides developers, liquidity providers, and traders the opportunity to participate in a decentralized financial marketplace that is open and accessible to all.

Kwikswap (Shiden) DEX — https://shiden.kwikswap.org will add 5–10 pairs over the next 24 hours including KWIK Token, big thanks to Anyswap for their support in migrating / bridging KWIK. Analytics will also be integrated shortly.

What is Shiden Network?

Shiden Network is a parachain of the Kusama network and the canary network of Astar. It is a testing ground for experimentation, research and development. Shiden provides the same set of functions as Astar. Kusama Relaychain does not support smart contract functionality by design — Kusama Network needs a smart contract layer. This is where Shiden Network comes in. Shiden supports Ethereum Virtual Machine, WebAssembly, and Layer2 solutions from day one. The platform supports various applications like DeFi, NFTs and more. It is important to note the canary networks are not the same as test networks.

Kwikswap Protocol is a multi-chain DEX on Ethereum, Astar, Shiden, Binance Smart Chain, Polygon and soon to be Polkadot. Kwikswap aims to be the one-stop-shop for traders to swap, add liquidity and create markets. Kwikswap Protocol has also released the Kwikstarter IDO launchpad on Polygon that is a decentralized ecosystem where new start-ups and projects can be nurtured via Kwikswap DEX.

Astar Network (previously known as Plasm) is a dApp hub on Polkadot that supports Ethereum, WebAssembly, and layer 2 solutions like ZK Rollups. Astar aims to be a multi-chain smart contract platform that will support multiple blockchains and virtual machines. Shiden Network is a sister network of Astar Network and a dApp hub on Kusama.

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