QuickSwap, a decentralized exchange (DEX), has announced that it is now live on Polygon’s ZK-EVM. This is a significant move for QuickSwap, as it will allow the DEX to offer faster and cheaper transactions to its users.
Polygon is a popular Ethereum scaling solution that uses a variety of scaling techniques to make transactions faster and cheaper. The ZK-EVM is a new version of the Ethereum Virtual Machine (EVM) that uses zero-knowledge proofs to improve scalability and security.
By integrating with ZK-EVM, QuickSwap will be able to offer faster transaction speeds and lower gas fees to its users. It also allows for batched transactions, making it more efficient to scale on Ethereum. This will make the DEX more accessible to a broader range of users, particularly those who have been put off by high gas fees on other platforms.
In a statement, QuickSwap said that the move to ZK-EVM was a significant milestone in its mission to provide a fast, cheap, and user-friendly DEX. The company added that it was excited to be working with Polygon and to be part of the growing ecosystem of decentralized applications (dApps) on the platform.
This move touts a number of heightened benefits for QuickSwap, including higher security, more transparency and privacy with zkrollup transactions, and EVM compatibility for devs (making it easy to use). QuickSwap launching on zkEVM lets their users reap all these benefits and become a part of zkDeFi efforts across the Polygon ecosystem.
QuickSwap has been making a name for itself in the world of decentralized finance (DeFi) in recent months. The DEX offers a range of trading pairs and has gained a reputation for its fast transaction speeds and low fees. The move to ZK-EVM is likely to attract even more users to the platform and cement its position as a leading player in the DeFi space.
The integration of QuickSwap with ZK-EVM is just the latest example of how Polygon is helping to drive innovation in the world of DeFi. The platform has become a popular choice for developers and users alike, thanks to its fast transaction speeds and low fees. As the DeFi space continues to evolve, it is likely that we will see more partnerships and collaborations aimed at improving the user experience and making DeFi more accessible to a wider range of users.