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The Hottest Projects to Watch when Polygon's zkEVM Launch

March 09, 2023
Project Spotlights, Polygon

Explore the most exciting projects leveraging Polygon's zkEVM, from Aavegotchi to QuickSwap, and how they're revolutionizing the blockchain industry.

Polygon's upcoming zkEVM promises to bring the power of zero-knowledge proofs to Ethereum-compatible smart contracts, offering a major boost to the network's scalability and privacy features. 

As excitement builds ahead of its launch, it's worth taking a closer look at some of the most interesting projects that are already in the works for this groundbreaking technology. From high-speed decentralized exchanges to secure payment channels and more, the potential applications of Polygon's zkEVM are truly groundbreaking, and could pave the way for a new era of blockchain innovation. 

In this article, we'll explore some of the most exciting projects that are leveraging this powerful technology, and take a closer look at what makes them so innovative and promising.

Aavegotchi 

Aavegotchi (GHST) is a crypto collectible game that allows players to purchase and grow Non-Fungible tokens (NFT) avatars called Aavegotchis

Each Aavegotchi is a digital collectible with unique attributes that are defined by a rarity score calculated by specific character traits, wearables, kinship score, and the amount of Aave-powered aTokens staked to the avatar. Aavegotchi draws inspiration from the popular Tamagotchi game, enriching its classic gameplay with blockchain-enabled functionality.

The platform combines various aspects of crypto, such as decentralized finance (DeFi), blockchain gaming, staking, and digital land ownership, to offer players a unique and engaging gaming experience. 

The primary utility token of the Aavegotchi ecosystem is GHST, which is used to buy and sell goods within the game world, including Aavegotchis. With its nostalgic appeal and innovative features, Aavegotchi is quickly gaining popularity among crypto enthusiasts and gamers alike.

QuickSwap

QuickSwap (QUICK) is a decentralized exchange (DEX) that operates on the Ethereum blockchain using the layer 2 infrastructure provided by the Polygon Network. It is a fork of Uniswap and employs an automated market maker (AMM) model for token trading. 

QuickSwap aims to solve the issues that arise from high gas fees and slow transaction confirmations on the Ethereum mainchain, which have been a significant obstacle to DeFi's growth. QuickSwap provides a solution to the congestion and scalability issues of DEXs by utilizing layer 2 technology, which removes the costly barriers to entry and usage for the general user.

QuickSwap's permissionless listing allows any user to list any ERC20 token on its platform by providing liquidity for the trading pair, without the need to obtain authorization from another person or entity.

IDEX

IDEX (IDEX) is a cryptocurrency exchange that is designed to be both user-friendly and secure. As the market of cryptocurrencies has grown more diverse and decentralized finance (DeFi) has become more prevalent, projects like IDEX have gained in popularity as users seek out exchanges that are more flexible, transparent, and responsive to their needs. 

With IDEX, users can trade cryptocurrencies on a self-custody exchange that combines elements of centralized and decentralized exchanges to create a fast and optimized trading experience.

As DeFi continues to gain momentum, IDEX is poised to be a key player in the cryptocurrency market, offering users a fast, secure, and flexible trading experience that is tailored to their specific needs and preferences.

Gains Network

Gains Network (GNS) is a company that operates gTrade, a leveraged trading platform that is built on Polygon and on Arbitrum. The platform offers a wide variety of tradable assets, including major cryptocurrencies, U.S. stocks, and major currency pairs.

One of the unique features of gTrade is that it offers up to 150x leverage on Crypto and Stocks and up to 1000x leverage for Forex trading.

Gains Network uses a synthetic asset system that allows users to trade any asset that is compatible with gTrade oracles without the need for loan fees. The entire trading platform operates on DAI and Gains Network’s native token, GNS, which makes it possible for gTrade to offer high leverage on a wide range of assets.

DFyn Network

Dfyn Network (DFYN) is a decentralized exchange that solves the liquidity fragmentation issue in DeFi through its multi-chain AMM DEX and cross-chain infrastructure. Its infrastructure allows seamless flow of assets across chains, enabling users to trade their assets seamlessly on several blockchains from a single interface. 

Dfyn Network is the platform's native token used for governance, staking, and liquidity provision on the platform. The token holders can participate in decision-making processes related to the network's development and management while earning rewards by staking their tokens or providing liquidity to the platform's liquidity pools.

Final Words

The launch of Polygon's zkEVM is a highly anticipated event in the blockchain space, offering a major boost to Ethereum's scalability and privacy features. This technology has the potential to revolutionize the way blockchain operates, making it more accessible, efficient, and secure. 

Today we went through the most exciting projects that could profit from the launch of Polygon’s zkEVM, including Aavegotchi, QuickSwap, IDEX, Gains Network, and DFyn Network.

As the blockchain industry continues to evolve, it will be exciting to see how these projects and others will utilize this powerful technology to drive innovation and growth.

Disclaimer: The content of this piece reflects the writer's opinion. This article is not intended to provide financial advice and is meant solely for entertainment and educational purposes. Investing in cryptocurrency involves significant risk. Capital is at risk, and returns are not guaranteed. Always conduct your own research.

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