Polygon’s Gains Network DEX volume crosses $1.5B as Polygon price reclaims $1

2023-1-27 15:50

At press time, Polygon (MATIC) was trading at $1.09, up 8.93% in 24 hours. Gains Network DEX was initially released on Polygon before being deployed on Arbitrum. The Gains Network DEX has greatly contributed to the recent rising transactional activity on Polygon.

The price of Polygon (MATIC) has been steadily rising in recent weeks and it has regained the $1.0 level as the broader crypto market continues to recover.

In addition to Polygon just following the broader crypto market in the current bullish trend, there is an increased transaction activity on the network mainly because of the Decentralized exchange (DEX) Gains Network which was released on the network. The Gains Network DEX was later deployed on Arbitrum and its daily trading volume on Arbitrum has now crossed $230 million.

The Gains Network decentralized exchange

It is now barely a month since the Gains Network was deployed on the Arbitrum blockchain. The DEX allows crypto traders to trade various financial derivatives of various assets including crypto, US stocks, and indices using smart contracts. It also allows stakers to earn as much as 10% interest on their GNS tokens.

The DEX provides an opportunity for global traders who would otherwise not be able to trade US-listed instruments without relying on banks. The DEX has so far processed over $25 million in trading volume.

Earlier this week, the DEX started a trading contest with rewards totalling $100,000, which is likely the reason for the recent spike in trading volume.

Besides having a direct impact on the Polygon (MATIC) price, the increased activity on the Gains Network has also resulted in the GNS token price rising by more than 40% over the past week.

The post Polygon’s Gains Network DEX volume crosses $1.5B as Polygon price reclaims $1 appeared first on CoinJournal.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Santiment Network Token (SAN) на Currencies.ru

$ 0.0865709 (-0.22%)
Объем 24H $210
Изменеия 24h: 9.95 %, 7d: 19.49 %
Cегодня L: $0.0865709 - H: $0.0865709
Капитализация $0 Rank 5672
Цена в час новости $ 0.1272 (-31.94%)

polygon dex gains network being deployed transactional

Источник: coinjournal.net

polygon dex → Результатов: 46


Umbria launches tool enabling automatic MetaMask configuration to EVM compatible chains

Umbria Network, a cross-chain protocol with staking pool and decentralized exchange (DEX) has announced the launch of a new tool called ‘Connect Portal. ’ The tool enables anyone to automatically connect a MetaMask wallet to any Ethereum-style/EVM compatible chain – including Polygon, Binance Smart Chain, Ethereum, Avalanche, etc.

2021-12-8 20:18


Фото:

Разработчики IDEX запустили гибридную децентрализованную биржу на Polygon

Проект IDEX запустил гибридную децентрализованную биржу на базе Polygon. Платформа использует «биржевой стакан» вкупе с механизмом автоматического маркетмейкера (AMM). IDEX v3, the world's first Hybrid Liquidity DEX is now LIVE! 👾✅ Combined AMM + Order Book Liquidity✅ Trading Rewards + Liquidity Mining✅ No failed transactions✅ Real limit & stop-loss orders✅ Cheap transaction feesLaunch IDEX v3: https://t.

2021-12-3 19:34


Фото:

IDEX запустила гибридную децентрализованную биржу на Polygon

Некастодиальная торговая площадка IDEX сообщила о запуске новой версии v3 Hybrid Liquidity DEX на Polygon. Это поможет устранить основные недостатки DeFi: фронтраннинг и «проскальзывание» цены.

2021-12-3 15:12


WOO Network using Chainlink for customized market data on new DEX

WOO Network, a cryptocurrency trading platform, today announced WOOFi, a new capital-efficient DEX powered by institutional hedging and market-making techniques. Since Spring of 2021, the WOOFi Swap proof of concept on BSC and Polygon has traded nearly $4 billion in volume, demonstrating the effectiveness of the market-making algorithm known as Synthetic Proactive Market Making (sPMM).

2021-10-30 19:18


Users of QuickSwap DEX can now execute limit orders natively thanks to Gelato

Starting today, users of Polygon’s original AMM and most popular decentralized exchange, QuickSwap, can now execute limit orders natively. Thanks to Quickswap’s native frontend integration of the Gelato automation network – all Quickswap users can perform automated trading at their specified price points in the market; without having to be online just at the right […] The post Users of QuickSwap DEX can now execute limit orders natively thanks to Gelato appeared first on CryptoNinjas.

2021-8-10 19:18


QuickSwap DEX to support native execution of limit orders thanks to Gelato

Soon, users of Polygon’s original AMM and most popular decentralized exchange, QuickSwap, will be able to execute limit orders natively. Thanks to Quickswap’s native frontend integration of the Gelato automation network – Quickswap users can perform automated trading at their specified price points in the market without having to be online just at the right […] The post QuickSwap DEX to support native execution of limit orders thanks to Gelato appeared first on CryptoNinjas.

2021-8-16 19:18


Polygon And 0x Team Up to Devote $10.5 Million Into Attracting New Users & Developers

Polygon, formerly known as Matic Network, has announced that it will be partnering with decentralized exchange (DEX) protocol 0x to raise a total of $10. 5 million. The network aims to attract at least one million users into choosing its platform and the Ethereum blockchain through 0x's decentralized exchange liquidity aggregator API.

2021-6-12 17:47


Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

MATIC price's breakout odds depend on THESE key metrics

Historical data using the MVRV ratio indicated a possible 31% hike for MATIC in the mid-term Old tokens have refrained from moving - A sign that another correction might be unlikely A cruciaThe post MATIC price's breakout odds depend on THESE key metrics appeared first on AMBCrypto.

Why Polygon and MATIC's loss is LINK's gain after it surges 10%

Chainlink and MATIC on-chain metrics were compared, and investors have a clear favorite. This could be an early sign of a better price performance in the coming months for one of them. ChainThe post Why Polygon and MATIC's loss is LINK's gain after it surges 10% appeared first on AMBCrypto.

MATIC down 21% in April: Can 115K Polygon whales turn the tide in May?

MATIC whales have accumulated more tokens in the last month. However, the token’s price has continued to fall. The count of Polygon [MATIC] whales has rallied in the last month despite theThe post MATIC down 21% in April: Can 115K Polygon whales turn the tide in May? appeared first on AMBCrypto.

Solana NFTs revive, beat Polygon: What about Ethereum NFTs?

In the last 24 hours, SOL’s NFT sales exceeded $3 million  Ethereum continued to dominate Solana and Polygon in the NFT ecosystem Solana [SOL] witnessed some traction in its NFT ecosystemThe post Solana NFTs revive, beat Polygon: What about Ethereum NFTs? appeared first on AMBCrypto.

Polygon zkEVM logs 11 million transactions, but there is a problem

Polygon zkEVM’s average gas price dropped sharply last month  Both zkEVM’s active addresses and transactions were significantly lower than zkSync Era's Polygon zkEVM is in the news agaiThe post Polygon zkEVM logs 11 million transactions, but there is a problem appeared first on AMBCrypto.

Examining MATIC's future as Polygon records new ATH in key area

Polygon’s daily active addresses exceeded 1.4 million.  MATIC’s price surged by more than 9% in the last 24 hours. Polygon [MATIC] has been in the new for several weeks because of its hThe post Examining MATIC's future as Polygon records new ATH in key area appeared first on AMBCrypto.