According to Foresight News, several core developers of Polygon ecosystem DEX Quickswap launched the perpetual contract trading platform Kinetix Finance on Kava Chain, providing users with leveraged exposure to crypto assets such as KAVA, axlETH, axlWBTC, ATOM and USDT, with a maximum leverage of 50 times.

Perhaps affected by the news, the Quickswap token QUICK once broke through $0.05 and is now trading at $0.049, with a 24-hour increase of 25.2%.