Matcha has Gone Live on Polygon (MATIC), Enabling Trading of 1000+ Tokens

The Matcha exchange has partnered with Polygon (MATIC). The partnership will allow users to trade over 1000 tokens on the Polygon network.

1000+ Tokens

On June 9th, Matcha, a trading platform that allows users to trade on all DEXs at once, announced they have joined forces with the Polygon Network. Investors and users can now take advantage of Polygon’s incredibly low network fees and fast transaction speeds. Matcha is an Ethereum– based DEX that allows investors to swap tokens at the best prices from exchange networks Ethereum, Binance, and now the Polygon network. Matcha has also announced that because of their recent partnership, investors can now trade over 1000+ unique tokens via the Polygon network. 

How Matcha works is that the protocol will search all major DEXs on Polygon including QuickSwap, Dfyn, SushiSwap, and many others, to find investors the best prices for their crypto. Matcha can even split trades across multiple liquidity sources to find you the best price the market is offering, which helps reduce time and effort users would have to spend price hunting. On Matcha, these features are available without nominal trading fees.

Acquiring Tokens on the Polygon Network 

For those who may not know, Ethereum, Binance and Polygon all operate on different blockchain networks. This may be a bit confusing, but perhaps a good way to think of it is to imagine each network is a restaurant located on a block full of popular restaurants. If you go to one restaurant and transact, you can’t order items off the menu from the other two restaurants down the block, because they are different restaurants then the one you are in. If you enter a restaurant, you must order what is on that menu. 

Networks like Ethereum and Binance function similarly when exchanging. You can’t go on the Ethereum network and try to trade tokens from the Binance network. The same follows for the Polygon. To acquire the Polygon version of tokens, you must switch to the Polygon network. Luckily, Matcha now makes this easy. 

How to trade on the Polygon network with Matcha:

Go to matcha.xyz/

The user should first connect their wallet 

Then search for the token the user would like to trade, but make sure it is the Polygon version of the token

The wallet will then ask to approve a network switch, which the user should do if they are looking to transact the Polygon version of the token 

The user can now trade on the Polygon network and acquire or sell the Polygon standard of tokens 

Significance

The significance of the recent partnership between Polygon and Matcha is tremendous. Both platforms secure a huge win with the joining of forces. Acquiring Polygon version tokens has not been the most accessible for investors, especially investors new to the space. Matcha aims to bring a much more refined and simplistic means of acquiring Polygon version tokens. The use case behind the Polygon network is tremendous and has huge backing from some of the largest investors in the crypto space. It should be very interesting to see how Polygon on Matcha helps bolster adoption and use of the Polygon network. 

Matcha‍

Matcha is designed to offer the most user-friendly experience when discovering and accessing tokens in the crypto world. Matcha allows investors to trade without a middleman, and finds them some of the best prices across all the major exchanges including Uniswap (V2 and V3), SushiSwap, Kyber, Curve, and more.

Matcha likes to ask, “Why trade on one exchange when you can trade on them all?” 

The Polygon Network

The Polygon network aims to provide a cheaper, more secure and streamlined solution for transactions conducted on Ethereum blockchains. The network provides a side chain to the main Ethereum blockchain. Polygon looks poised to be an incredibly powerful network in the crypto world.

Source ; bsc.news