By Kenny S - Bitcoin Investor - 28-12-2021
Altcoin QuickSwap (QUICK) has witnessed an impressive price increase today as it gets crowned as the largest gainer on a popular cryptocurrency exchange platform. According to CoinMarketCap, the recent 56% increase has boosted QuickSwap's market cap to $132 million with a 24-hour trading volume of $329 million. The latest data and statistics have shown that Crypto.com has pushed QuickSwap to the top of its gainers' league board.
QuickSwap is a crypto market investment developed for the Ethereum (ETH) network. QuickSwap launched in October 2020 to be used as a fork for Uniswap, an Ether-based exchange. The token QUICK powers the decentralised exchange, QuickSwap, to help provide faster and more affordable transactions within Ethereum. Users can buy QUICK crypto tokens for governance on the platform and be used for staking. QuickSwap is also the most significant exchange that was actually built on the Polygon (MATIC) network. The decentralised exchange, QuickSwap, was built using Polygon's layer-2 scaling solution to help further cut down the high fees.
So why is QuickSwap's price currently on the rise? The value boost comes shortly after StrongNode announces that their Syrup Farm will soon be live on the QuickSwap platform. The Syrup Farm will allow users to stake dQUICK tokens using the Dragon's Syrup pool. When users of the platform stake their token in the pool, they will earn and receive SNE tokens. Reportedly, the APR for the syrup pool is currently sitting at around 20-30%. Other tokens that can be staked include MATIC, GAMEE, Telcoin TEL, and more.