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

Published 04/28/2021, 03:35 PM
Updated 04/28/2021, 05:40 PM
QuickSwap (QUICK) gains 420% as Polygon’s (MATIC) L2 network attracts new liquidity
ETH/USD
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As the Ethereum network progresses along the slow, steady path toward Ethereum 2.0 and the full transition to proof-of-stake, layer-two solutions have arisen as the best solution to the current challenges associated with high gas fees and network congestion.

One layer-two solution that has emerged as a top choice for decentralied finance projects and traders is Polygon, which over the past week, has seen its price of its MATIC token climb toward new highs due to a surge in activity on its QuickSwap decentralized exchange (DEX).

MATIC/USDT 4-hour chart. Source: TradingView
QUICK/USD 1-hour chart. Source: CoinMarkeCap
QuickSwap liquidity and 24-hour volume. Source: QuickSwap

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