Crypto enthusiasts have fun as DEX expands to Polygon

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A booming decentralized exchange has crossed the chain planting new seeds to grow the jungle.

ApeSwaps plans to expand into Polygon have been driven by an awareness of the multi-chain trend that has emerged in the blockchain industry and a desire to stay on the cutting edge when it comes to DeFi.

The projects team also recruited 10 of their close partners on Binance Smart Chain to join them, helping to create a complete DeFi ecosystem on Polygon overnight.

The launch was carried out with the full support of the Polygon team via co-marketing and MATIC liquidity incentives. In addition to the MATIC incentives, ApeSwap DEX kicked off by linking one banana per block for agriculture.

The raison d’être of the $ BANANA bridge is simple: sustaining an inflationary token is hard enough. To ensure that the long-term growth prospects of cryptocurrencies and tokenomics are not compromised, the ApeSwap team decided to build a bridge to ensure that their tokenomics remain consistent across chains.

A line-up of stars

Some of the projects that have joined Polygon with ApeSwap include the agricultural production platforms PolyCrystal Finance, Barbershop Finance and TakoDeFi, not to mention the ApeRocket vault service and the IDO Astronaut and ApeTools launch pads. Leverage trading is supported through the presence of Unimex, while NFTKEY and Neural Pepe are available to deliver non-fungible projects.

The Anyswap Bridge bringing BEP-20 BANANA to Polygon officially opened on June 19, paving the way for the launch of ApeSwaps DEX on this blockchain two days later. Going forward, ApeSwap says partner projects are going to be rolled out continuously, which means project supporters have no shortage of things to look forward to.

ApeSwaps Co-Founder Obie Dobo said: We couldn’t be more excited to officially be a decentralized exchange and cross-chain cryptocurrency. ApeSwap is focused on providing a top notch trading experience for all DeFi Apes, and it is an ongoing step on this path to be at the forefront of innovation.

More information on ApeSwaphere

Great achievements

ApeSwap says it has already taken Binance Smart Chain by storm, amassing 425,000 monthly active users in less than four months. The project strongly hopes to replicate this strong performance on Polygon as well.

Overall, he has partnered with over 80 projects, grown his community to over 150,000, and also developed a top 10 NFT projects which has certainly caused a stir. Importantly, ApeSwap is also using its platform to foster the next generation of big crypto ideas by establishing a BUIDL program to help new projects grow and an IDO launch pad, dubbed Initial Ape Offerings (IAO), to launch projects. promising innovators.

As 2021 progresses, ApeSwap says it has a laser-like lens to deliver the best retail experience in DeFi. The extension to Polygon has helped establish the framework as the project competes to become a leading multi-chain DEX.

A number of features are also in the works. Charting has just been launched through its decentralized exchange, and limit orders and leveraged trading will follow soon. Since ApeSwaps users are at the heart of the project, the establishment of governance is also on the roadmap for the month of July.

ApeSwap recently launched a campaign called #HotDeFiSummer, with a monthly roundup of pledges that sums up what the team is working on. In addition to governance, July’s promises include 25 new trading pairs, Reddit AMAs, volume mining, more episodes from their podcast, and an auction for the remaining NFTs from their limited collection.

Learn more about ApeSwap

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