Domination Finance, a non-custodial, decentralized exchange for dominance pairs, announced a new integration with full-stack Ethereum scaling solution Polygon. The integration lowers costs and increases speeds for Domination Finance traders and liquidity providers.
Polygon allows transactions to occur without needing to touch the Ethereum base layer. Utilizing Polygon’s QuickSwap automated market maker, transactions executed on Domination Finance will be faster, more cost effective, improving the user experience, especially for retail traders.
“Ethereum is the top L1 and can’t be ignored, but Polygon is the gold standard for lower transaction fees as a layer 2 protocol” said Adrian Kolody, Co-Founder of Domination Finance. “Our integration with Polygon is going to drastically increase the cross-chain functionality of our platform with greater speed and less expensive transactions.”
The announcement comes just a week after Domination Finance raised a $3.2 seed round, led by ParaFi. The funding is being utilized to scale Domination Finance’s cross-chain capabilities and dominance pair offerings. Currently, the platform allows retail traders to not only analyze shifts in relative coin prices but also trade on the overall market dominance of Bitcoin, Ethereum, and Tether.
“This was a natural next step for expanding upon the Domination Finance product,” said Co-Founder Michal Cymbalisty. “This integration builds on the positive growth we have seen since our initial launch, and we are excited to scale across both L1s and L2s”
About Domination Finance
Domination Finance is the premier decentralized exchange for trading dominance pairs. Built on the Universal Market Access (UMA) protocol, Domination Finance’s user-friendly desktop and mobile interfaces allow users to trade on the overall market dominance of Bitcoin, Ethereum, and Tether. To learn more, visit info.domination.finance
About Polygon
Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 500+ applications hosted, ~600M total transactions processed, ~60M unique user addresses, and $5B+ in assets secured.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.
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