Meshwap, decentralized exchange (DEX), has launched on Polygon reporting one million-plus users accessing its DeFi ecosystem.
Polygon is a platform for Ethereum scaling and infrastructure development claiming 7000+ applications hosted, over 3.4 billion total transactions processed, and about 135M+ unique user addresses.
Meshswap is an open-source automated market maker (AMM) and DEX that is a “revitalized version of KLAYswap ” the first AMM on the Klaytn network, created by South Korean blockchain technology development company Ozys. The company plans to open the source code for Meshswap to the public.
By building on Polygon, Meshswap says it will take advantage of Polygon’s product suite to form part of the liquidity hub of the DeFi space.
Jinhan Choi, CEO at Ozys described the successful launch of Meshswap on Polygon as more than an entry into a global chain:
“Meshswap’s potential goes above and beyond, enabling the integration of diverse platforms, advanced decentralized governance, and growth of the token economy.”
Hamzah Khan, Head of DeFi and Labs at Polygon added:
“Meshswap will bring increased liquidity options, as well as an already booming user base from KLAYswap and Klaytn to the Polygon network, expanding Polygon’s own DeFi services while giving existing MATIC holders more opportunities for liquidity, trading, and yield-farming. We’re confident this marks the beginning of a fruitful relationship between Polygon, Ozys, and all of our network’s users.”