According to Foresight News, several core developers of Polygon-based decentralized exchange (DEX) Quickswap have launched a perpetual contract trading platform called Kinetix Finance on the Kava Chain. The platform offers users leveraged exposure to cryptocurrencies such as KAVA, axlETH, axlWBTC, ATOM, and USDT, with a maximum leverage of 50 times. Following the news, the price of Quickswap's QUICK token briefly surpassed $0.05, and is currently trading at $0.049, representing a 24-hour increase of 25.2%.