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The top 5 DEXs on Polygon Matic

 


The Polygon ecosystem has seen rapid development, with at least one DeFi/NFT project being added every day. That is why the Matic Coin has been able to multiply its course in recent months. However, the increasing fees on Ethereum and the high demand for asset swaps on Uniswap have caused another development – ​​the decentralized exchanges (DEX) on Polygon MATIC L2 are also becoming increasingly popular. Therefore, in this article, we pick up the top 5 decentralized exchanges on Polygon MATIC .


What is a Decentralized Exchange DEX?

Decentralized exchanges, also known as DEXs, are peer-to-peer marketplaces that allow crypto traders to trade with each other without intermediaries. Like almost all ideas behind the blockchain, DEXs are decentralized and encourage financial transactions that do not have to be handled by banks, middlemen or other third parties. One of the fundamental differences between centralized exchanges like Binance , Coinbase or Bitfinex and DEXs like SushiSwap, Uniswap or Polycat is that centralized exchanges allow users to trade between cryptocurrencies and fiat money, while DEXs only allow trading between two different cryptocurrencies.


Another key difference between these two major blockchain service providers is that CEXs transaction records are stored in their internal database while DEXs transaction records are visible and recorded on the blockchain. Examples of DEXs are Swapzone, PancakeSwap, dYdX and Raydium, with a majority of them being hosted on the Ethereum blockchain. As with core exchanges, the growth of DEXs has been astronomical over the past year as defi applications continue to play a large role in the growth of the crypto industry.


Anyswap (ANY) auf Polygon Matic

Anyswap was launched in July 2020. It is a DEX that allows users to exchange tokens from diverse platforms across different mainnets. It is one of the few DeFi projects that enables cross-network token exchange and trading and is available on Polygon Matic. Many big names have already implemented Anyswap into their internal protocols, such as XRP, Litecoin, and Tether. The platform's code is completely open-source, which makes it truly decentralized.


Fusion Network powers Anyswap and helps with private key sharding to ensure the security of cryptocurrencies on the platform. ANY is the platform's native token. This is a governance token that allows holders to determine which tokens should be listed on the Anyswap DEX.


Firebird Finance (HOPE)

Firebird Finance is a 3-in-1 Defi platform currently thriving on Polygon, offering a variety of custom services to numerous users. On the one hand, Firebird Finance acts as a yield aggregator and vault, but on the other hand also as a decentralized exchange. The DeFi platform not only guarantees rewards for its users, but also optimizes their use at the same time. The exchange with yield farming features also ensures that traders and yield farmers consistently receive their rewards.


The native token of the platform is HOPE, as the owner of this token you also get a reward for using the token. Firebird Finance is also known for incorporating novel technologies into its protocol, a unique feature of AMM. At the time of writing, the TVL volume as a multi-chain DEX is $6.3 billion.


Polygon Matic

Polycat is basically a yield farming project where users can generate yield by making their coins/tokens available for lending purposes. The project is currently known for its easy-to-use token swapping platform and yield farming protocol. It's a top contender for dapps using the Polygon Matic network, with a current TVL of $12.6 million.


Polygon Matic

SushiSwap

SushiSwap is a fork of the popular DEX Uniswap and offers advanced AMM services. For this, no-order order book swaps are used between different assets that leverage liquidity pools and have no direct sellers. Users earn Liquidity Rewards by making their assets available to the pools. SushiSwap has an automatic price determination mechanism controlled by smart contracts. This eliminates the risk of custody and insolvency. SushiSwap available on Polygon Matic to take advantage of low fees and fast execution.


As previously mentioned, Uniswap is a decentralized cryptocurrency exchange. Originally launched on the Ethereum blockchain, Uniswap is now also available on Polygon L2 Like most decentralized crypto exchanges, Uniswap has its own native governance token that gives users co-determination rights over the project, it goes by the name UNI.


The features available on the platform range from classic decentralized P2P trading in cryptocurrencies to liquidity providing, where users can support the platform by providing liquidity and earning rewards at the same time.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BNB, ZEC, USDT, FEY, 25 Claims Daily

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