A group of core developers from Quickswap, a decentralized #exchange (DEX) built on the Polygon network, has introduced a new #perpetual contract #trading platform called Kinetix Finance on the #Kava Chain. This platform allows users to engage in leveraged trading of various cryptocurrencies, including KAVA, axlETH, axlWBTC, ATOM, and USDT, with leverage of up to 50 times.
The launch of Kinetix #Finance has had an impact on Quickswap's native token, QUICK. Following the announcement, the price of QUICK briefly surged to over $0.05, and it is currently trading at $0.049, reflecting a 24-hour increase of 25.2%. This development signals continued innovation and expansion within the decentralized finance (DeFi) space, as well as the interconnected nature of different platforms and projects within the broader crypto ecosystem.
