• Polygon (MATIC) has reclaimed the $1.0 level, up 8.93% in 24 hours.
• The Gains Network DEX has contributed to the increasing transactional activity on Polygon.
• The Gains Network DEX allows traders to trade various financial derivatives of various assets including crypto, US stocks, and indices.

At press time, Polygon (MATIC) was trading at $1.09, up 8.93% in 24 hours. This rise in the price of Polygon can be attributed to the increasing activity on the network due to the decentralized exchange (DEX) Gains Network. The Gains Network was initially released on the Polygon blockchain before being deployed on Arbitrum. The daily trading volume of this DEX on Arbitrum has now crossed $230 million.

The Gains Network DEX provides crypto traders with the opportunity to trade various financial derivatives of various assets including crypto, US stocks, and indices. It also allows stakers to earn as much as 10% interest on their GNS tokens. This DEX enables global traders who would otherwise not be able to trade US-listed instruments without depending on banks. So far, the Gains Network DEX has processed over $25 million in total volume.

In addition to the Gains Network DEX, Polygon is also seeing increased activity due to the growing popularity of its other DeFi protocols. Polygon is currently home to a number of popular DeFi projects such as Aave, Curve Finance, and Uniswap. These protocols have seen a huge growth in user activity and transaction volume in recent weeks.

The Polygon network is also gaining traction due to its low transaction costs and fast transaction times. The network utilizes a Layer 2 scaling solution, allowing it to process transactions much faster than Ethereum. This has made it an attractive platform for developers looking to build DeFi applications.

It is clear that the Gains Network DEX has been a major factor in the recent surge in Polygon’s price and activity. The DEX provides traders with access to a wide range of financial instruments, enabling them to take advantage of the current bullish market. In addition, Polygon’s low transaction costs and fast transaction times are making it an attractive platform for developers looking to build DeFi applications. With all these factors in play, it is likely that the price of Polygon will continue to rise in the near future.