QuickSwap has declared that their decentralized exchange is now on Polygon. They also announced their partnership with Crypto Algebra to create the most efficient V3 concentrated liquidity model to ever exist.
QuickSwap claims that this new DEX will have a significant positive impact on the entire DeFi ecosystem, especially the Polygon network.
Through their collaboration with Crypto Algebra, QuickSwap will have access to the concentrated liquidity technology they need to get ahead in the fast-moving DeFi space.
Since this is a long-term partnership, QuickSwap will also be granted an exclusive license to use Algebra’s V3 software on Polygon as well as all upcoming chains that will support Polygon. They will also be given the sole right to use any V4 software that may be developed by Algebra on Polygon and any upcoming chains that are Polygon-enabled.
This new development comes at a perfect time for QuickSwap. QuickSwap experienced a rumored hack recently. The rumor has been debunked as the domain was said to be hijacked, not hacked. Fortunately, the network was able to control the situation, and affected users were refunded.
Despite these challenges, QuickSwap continues to grow. Their recent development will certainly improve the network’s growth. Members of the QuickSwap community are bullish about the coin, especially now that there is a 20% increase. The coin has attracted many buyers as there seems to be a pump incoming.
The V3 testing will begin on devnet immediately after the integration is done. The testing will be conducted by users who wish to use this new model first.
As soon as the representatives of QuickSwap are content with the tests, the V3 DEX will be launched on QuickSwap’s main UI. It is expected that the integration will have been fully implemented by Q3 this year.