• Polygon (MATIC) is currently trading at $1.09, up 8.93% in 24 hours.
• Gains Network DEX was initially released on Polygon before being deployed on Arbitrum, and its daily trading volume on Arbitrum has now crossed $230 million.
• The Gains Network DEX allows crypto traders to trade various financial derivatives of various assets including crypto, US stocks, and indices using smart contracts.
Polygon (MATIC) is currently trading at $1.09, up 8.93% in 24 hours, as the broader crypto market continues to recover. This recent surge in price is mainly attributed to the increased transactional activity on Polygon, which is mainly due to the Decentralized exchange (DEX) Gains Network, which was released on the network. The Gains Network was later deployed on Arbitrum and its daily trading volume on Arbitrum has now crossed $230 million.
The Gains Network decentralized exchange provides traders with the opportunity to trade various financial derivatives of various assets, including crypto, US stocks, and indices, all via the use of smart contracts. It also allows stakers to earn as much as 10% interest on their GNS tokens. This DEX provides a unique opportunity for global traders who would otherwise not be able to trade US-listed instruments without relying on banks.
The Gains Network DEX is quickly becoming a major player in the cryptocurrency space. It is estimated that the DEX has processed over $25 million in total transactions since it was launched. This is a testament to the fact that the DEX is gaining traction among traders.
The Gains Network DEX has played an important role in the recent surge in the price of Polygon (MATIC). It has provided traders with an easy and secure way to trade various financial instruments without the need for a bank or other third party. This has enabled traders to capitalize on the current bullish market, resulting in the recent surge in Polygon’s price.
With the Gains Network DEX continuing to grow in popularity, it is likely that the price of Polygon will continue to rise. This will be beneficial both to the Polygon network and its users, as it will lead to increased transaction activity and more opportunities for traders to capitalize on the current bullish market.