As Ethereum gas prices rise, the chain that inspired Web3 is becoming gentrified, with high transaction costs pushing less wealthy users onto competing blockchains or scaling solutions.
This means that many use cases are becoming unfeasible in the proverbial layer-one downtown, and suburban neighborhoods are being developed to allow for a cost-effective layer-two blockchain experience.
Since getting acquainted with Polygon around the time of its launch in late 2019, Sameep Singhania has been an avid supporter of projects built on the protocol. In 2021, he created QuickSwap, a decentralized exchange (DEX) serving the needs of the budding Polygon ecosystem.
Singhania left a promising career as a software developer in 2017 to work as a freelance developer, only to find himself writing code for an array of blockchain projects in the DeFi and layer-two sector. Among the many projects he worked on, he spent 18 months with blockchain e-commerce site OpenBazaar, and served as lead developer for DeFi exchange ParaSwap.
Polygon is one layer-two solution built on Ethereum, and it offers users lower fees when transacting on-chain. QuickSwap is Polygon’s primary DEX and functions as a heart of the network.
A DEX for Polygon
After working on perhaps dozens of projects on Polygon from 2019 onward, Singhania “realized that to grow the Polygon ecosystem, we need a DEX.”
This was because while “99% of blockchain projects have a token,” listings on popular exchanges are not easy to arrange, and many users are not willing to create an account at an obscure exchange just…