QuickSwap, a decentralized exchange on the Polygon Network, has recently been attracting significant attention in the crypto market.
Justin Sun, a well-known cryptocurrency entrepreneur, openly endorsed the platform. Simultaneously, it achieved substantial growth, with the value of the associated token, QUICK, growing by 41% in just 24 hours and 30% more upon the launch of Binance's new contracts. The exchange also announced a partnership with TradingView, bringing new features to DeFi trading. Other critical platform developments include the launch of the Falkor Perpetual Exchange, which significantly improves trading practices.
However, QuickSwap hasn't been devoid of negative incidents. The platform experienced a flash loan exploit, leading to a loss of 220K, triggering a minor concern across the industry. Despite the incident, the platform thrives thanks to its community and novel integrations like the partnership with Manta Network for privacy enhancements.
Recently, the platform underwent major rebranding aimed at fostering Web3 community inclusivity. The platform's community-driven podcast
'The Aggregated' maintains its leading position, captivating the Web3 community. Other milestones include expanding to other chains, launching advanced DeFi features, and supporting Testnets.
Furthermore, in a strategic move to be more attractive to new users, QuickSwap decided to undergo a 1:1000 token split after a community vote. Another significant development is the Links Community (LKY) cryptocurrency based on the Polygon network, which saw astronomical growth soon after listing on QuickSwap.
Quickswap News Analytics from Tue, 20 Aug 2019 07:00:00 GMT to Mon, 09 Sep 2024 17:00:00 GMT -
Rating 7
- Innovation 9
- Information 8
- Rumor 6
