How can mass adoption be supported through networks with high gas fees? sameepsi, creator of the Polygon decentralized exchange QuickswapDEX, might have the answer: L2s. (via CointelegraphZN)
After working on perhaps dozens of projects on Polygon from 2019 onward, Singhania “realized that to grow the Polygon ecosystem, we need a DEX.”
Singhania recalls being encouraged to create a DEX by Polygon’s co-founder, Sandeep Nailwal, who put him in touch with Roc Zacharias, a marketer with Lunar Digital Assets. “That’s how we set up a team — we had developers, we had a marketing team, a perfect mix, and we launched the app,” he explains.Polygon — previously called Matic Network, with MATIC remaining its ticker — is a layer-two blockchain. That means it’s a blockchain built on top of an existing chain.
“If I’m a normal user and I want to do a small trade, I cannot do it on Ethereum — the average transaction size on Uniswap is somewhere around $50,000.”
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