Swing Launches on Polygon Network to Deepen Cross-Chain Liquidity
It gives us great pleasure to announce that our decentralized, cross-chain liquidity protocol will be launching on Polygon (formerly Matic), the ‘Internet of blockchains.’
Though Swing (formerly Polkaswitch) was built on Polkadot’s interoperable blockchain, we have long intended to bring our aggregator to a wider user base. Polygon’s scaling solution is the perfect fit, particularly given how many traders have this year fled Ethereum and started using the network to trade and farm in a user-friendly, low-fee environment.
By expanding to the leading scaling and infrastructure platform, Swing will be able to aggregate liquidity from the various decentralized exchanges (DEXs) that are based on its network including QuickSwap, SushiSwap, Dfyn, ApeSwap, DinoSwap, Comethswap, and more.
Integrating with Polygon will ensure users can benefit from reduced gas fees, quicker transactions, and a seamless experience. By building one of the first cross-chain solutions between Polygon and Polkadot, we are confident of measurably enhancing the defi space for all.
The end result is that traders and investors can easily access the best deals across the DEX landscape via one simplified, intuitive platform. No wonder billionaire investor Mark Cuban has just made an investment in the platform, which he says he finds himself using more and more.
Polygon co-founder Sandeep Nailwal, meanwhile, described his discussions with Cuban as “truly mind-blowing.”
Polygon is currently capable of processing around 7,000 transactions per second (tps), and several hundred projects now call it home while over $6.5 billion worth of Ethereum and ETH-based tokens are currently locked within its smart contracts.
Polygon’s native token MATIC has also been one of the year’s best performers and hit a record high of $2.70 last week, up over 9,500% since the turn of the year. Polygon’s latest software development kit (SDK) enables developers to speedily deploy customizable blockchains that are compatible with Ethereum, in essence making the network multi-chain.
Swing, meanwhile, enables MetaMask users to exchange Polygon, Avalanche, BSC, xDai, Fantom, Ethereum, and ERC20 assets at their leisure. In facilitating seamless cross-chain liquidity for multiple assets without custodying user funds, we are confident of greatly enhancing the fast-growing DeFi industry for the benefit of all participants.
Start Trading on Polygon using Swing Today!
Head over to www.swing.xyz, try out our product and connect your MetaMask wallet to start trading today! We have aggregated liquidity across top DEXes on Polygon like QuickSwap, SushiSwap, Dfyn, ApeSwap, DinoSwap, Comethswap, Happy Trading!
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium etc and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 400+ Dapps, ~350M txns and ~1.5M+ unique users.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.
Swing is cross-chain liquidity protocol on major EVM networks such as Ethereum, Polygon, BSC, Avalanche, xDai, Fantom and more. It aggregates major liquidity sources and bridges to execute the best price and lowest slippage on trades and liquidity transfers. The project helps crypto traders, investors and yield farmers move crypto capital efficiently across blockchains via a web application and upcoming API product.
The Future is DeFi with Swing
We’re just getting started, and if you would like to join us as we build the future of global finance and crypto asset exchange, please visit our website and follow us on Telegram and Twitter. Over the coming year we will be building, launching and growing a community of believers in the decentralized finance world!
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