Top DEX's on Polygon (Matic)
As the Polygon network grows and continues to attract new users and projects, we also get more choices when it comes to services & dapps that can be used on the network. Here is a list of some of the most promising DEX’s on Polygon so far.
QuickSwap launched on the Matic network on 8th October 2020. This was way before Matic eventually rebranded to the Polygon network earlier this spring (2021). QuickSwap is a fork of the very popular AMM Uniswap that really kickstarted this new DEFI craze on Ethereum.
After launch, QuickSwap rapidly gained momentum as the leading DEX on the Polygon network. At publish, QuickSwap is hovering around $118,000,000 in total liquidity.
You can get started trading on QuickSwap at quickswap.exchange
ComethSwap is a newly launched DEX on Polygon. It opened up its doors to the public on 11th March 2021. Just like QuickSwap, this DEX is also a fork of UniSwap. Comparing it to QuickSwap it is rather similar but so far has much less activity and not as many trading pairs. The total liquidity is hovering around $18,000,000 with a total 24 hour trading volume of roughly $1,500,000. It seems to be growing very quick, compared to yesterday the trading volume is up 27%.
You can get started trading on ComethSwap at swap.cometh.io
SmartDex is a new DEX that launched on Polygon on 31st March 2021. Besides from having a simple swap interface like the ones we’ve grown used to — SmartDex also offers a more traditional way of trading. In their dapp you can choose to trade in a traditional way by placing market and limit orders for several trading pairs. Compared to the other DEX’s in this post, SmartDex has very low liquidity but it seems to be growing really quickly.
You can get started trading on SmartDex at smartdex.app
ParaSwap is a middleware that aggregates multiple DEX’s and other services into one extensive user interface. For each and every trade that is done, ParaSwap will check and analyze the rates on all the supported DEX’s and will automatically give you the best rate when you perform a trade. Right now ParaSwap supports 4 DEX’s and I think we can expect more to come as ParaSwap just launched a couple prior to the first publication of this post.
If you want to get started trading with ParaSwap make sure to check it out at paraswap.io