Polygon’s 10 Best Cryptocurrency Trading Tools

The Polygon blockchain and its native token, MATIC, have garnered attention in the cryptocurrency industry for a variety of reasons. It is a reliable solution to the scalability problems of other blockchain networks and is called “the Internet of Blockchains on Ethereum.” Polygon launched in 2017 and has become one of Ethereum’s main competitors in just six years.

When you search for the best cryptocurrency trading tools on Polygon, you may come across a variety of alternatives. The Polygon network has thousands of dApps with top brands working on web3 projects on Polygon. Additionally, the Polygon network is home to an average of over 3 million transactions per day. Polygon also has approximately $5 billion in the form of security assets on its network.

Polygon’s interesting features enabled promising performance improvements. You can enjoy many other benefits by using Polygon cryptocurrency trading tools. For example, low-cost trading, community support, and EVM compatibility are the top reasons to engage in cryptocurrency trading at Polygon. Most importantly, cryptocurrency trading on Polygon is a seamless process as it does not cause network congestion. Learn more about the best cryptocurrency trading tools available on the Polygon blockchain.

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Why should I use a cryptocurrency trading tool from Polygon?

Polygon’s search for cryptocurrency trading tools piques your interest as to why you should learn about them. You need to learn about the best cryptocurrency trading tools for Polygon that lower transaction costs and provide freedom from network congestion. Polygon can manage approximately 65,000 transactions per second compared to Ethereum’s throughput of 17 transactions per second.

Another interesting reason to choose cryptocurrency trading at Polygon is its collection of different protocols. For example, the ZK Proof protocol helps protect sensitive information. Other protocols include Plasma Sidechain, Optimistic Rollup, Proof-of-Stake Blockchain Bridge, and ZK Rollup.

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What is Polygon’s best cryptocurrency trading tool?

Polygon has emerged as a popular name in the cryptocurrency industry due to its unique advantages. One of the best points in the answer to “How do I trade Polygon cryptocurrency?” Innovative tools are guaranteed in the ever-expanding Polygon ecosystem. The following list of cryptocurrency trading tools from Polygon can help you understand their potential and promising benefits.

1. 1 inch

The first version of Polygon’s cryptocurrency trading tool is 1inch, a popular DEX aggregator. This will help you access Polygon’s top cryptocurrency exchanges and take advantage of flexible trading and swaps. The underlying protocol of the 1inch network supports Polygon along with other blockchains such as Ethereum, Optimism, Fantom, and Avalanche. DEX aggregators operate by receiving liquidity from various exchanges. Additionally, DEX aggregators also have the ability to split a single transaction across multiple decentralized exchanges.

Aggregators leverage smart contracts to provide flexibility when customizing and optimizing cryptocurrency transactions. The 1inch network debuted at the ETHGlobal New York hackathon in May 2019 by launching Aggregation Protocol v1. After that, 1inch Network came up with additional DeFi tools such as Limit Order Protocol, Liquidity Protocol, 1inch Wallet, etc.

2. Matcha

The next important item among cryptocurrency trading tools for Matcha’s Polygon blockchain points. This is a DEX aggregator that can offer swaps and limit orders for over 4 million tokens across 9 different networks, making it one of Polygon’s best cryptocurrency trading tools. Matcha can also act as a decentralized exchange with unique features. The DEX offers Matcha Auto functionality with MEV protection along with gasless swaps.

Matcha is connected to over 100 liquidity sources and is trusted by institutions and individuals to execute trades with Polygon. It utilizes smart order routing to execute cryptocurrency trades at the best value for your money. It also guarantees the lowest transaction return rate of any DEX.

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3. Trading View

Polygon also has a suite of cryptocurrency trading tools, including TradingView. This is a useful tool for Polygon traders and investors to access data and charts for comprehensive technical analysis. TradingView is one of Polygon’s feature-rich cryptocurrency trading tools. It was launched in 2011 and has served as a valuable charting and social media platform for investors and traders.

TradingView’s most promising highlight is its support for major financial markets, including cryptocurrency assets across various blockchain networks. It also provides access to different types of charts and allows users to implement their own formulas. Traders can utilize the platform to access extensive data sets and test different trading strategies. The platform also offers sophisticated analytical tools to simplify investment decisions.

4. Network benefits

Gains Network has launched gTrade, a decentralized leveraged trading platform. It is one of the best cryptocurrency trading tools for Polygon and guarantees low trading fees. Gains Network is also the best tool for cryptocurrency trading, with a wide range of leverage and pairs that ensure better capital efficiency. The platform runs on an ERC721 utility token tailored to provide protocol ownership in the form of governance and revenue sharing.

The network aims to transform into a DAO in the long term and serve as a foundation for creating innovative DeFi solutions. Additionally, the platform leverages a custom real-time decentralized oracle network to provide a fair and transparent trading process.

5. Yuhodler

YouHodler is one of the innovative solutions among Polygon’s cryptocurrency trading tools. It can help you buy, sell or exchange cryptocurrencies and borrow crypto loans while earning interest. YouHodler is one of the reliable choices for cryptocurrency trading with Polygon as it ensures better profitability through investment diversification.

You will find the answer to “How do I trade Polygon crypto?” We have the flexibility to adapt to changing market conditions. With YouHodler, you also have the privilege of seamlessly exchanging fiat currencies, cryptocurrencies, and stablecoins.

6. Quick Swap

Some cryptocurrency trading tools don’t need introductions or special promotions to become popular. QuickSwap is one of Polygon’s best cryptocurrency exchanges and is packed with features. It is a next-generation layer 2 decentralized exchange that offers promising advantages to cryptocurrency traders. The best thing about QuickSwap is that it is based on the Polygon blockchain network itself.

With the help of QuickSwap, you can trade Polygon at nearly zero trading fees and very impressive speeds. It helps you trade Polygon-based tokens while leveraging Polygon Bridge to support converting ERC-20 tokens to Polygon.

7. Escrow Dapp

EscrowDapp is one of the emerging web3 tools in the cryptocurrency trading environment. This is one of the best cryptocurrency trading tools from Polygon that acts as a neutral third party between buyers and sellers. As a result, smart contracts on the blockchain can be leveraged to protect both parties from fraudulent activities.

The buyer’s crypto assets are locked in a smart contract when the escrow transaction is initiated. After confirming the seller’s fulfillment of his obligations, the buyer can release the funds. As a result, EscrowDapp can effectively solve payment priority issues.

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8. I fell

Caddi is a reliable solution for cryptocurrency traders looking for an effective way to save money. By ensuring simple access to value in DeFi, it can help solve the problems caused by inefficient and fragmented on-chain transactions. Caddi also protects your cryptocurrency transactions from fraud.

Caddi works as a browser extension that starts working automatically after installing the tool. You can also automatically block swaps on DEXs or aggregators and block malicious transactions before transactions reach your wallet.

9. Conveyor Lab

Another significant addition to Polygon’s cryptocurrency trading tools is Conveyor Labs. A DEX integration service that can provide almost 50% lower gas fees for cryptocurrency trading. Conveyor Labs has created a DEX aggregator that offers the most advantageous swaps while cutting gas costs in half.

The most exciting thing about Conveyor Labs is the fact that it is a Polygon ecosystem partner. We utilize swap algorithms by collaborating with renowned companies such as 1inch, OpenOcean, 0x, and Paraswap.

10. Nesting

The final entry in Polygon’s most popular cryptocurrency trading tools is Nested, a platform that combines the best of NFTs and DeFi. This can help investors create, modify, and replicate portfolios without complex technical requirements.

Investors can get nested NFTs as an important part of their portfolio. The Nested Finance application helps traders modify and monitor their portfolio using Nested NFTs. Traders can also earn royalties by giving their Nested NFTs to others to replicate their investment strategies.

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final words

Our review of the best cryptocurrency trading tools for Polygon reveals some unique players in the market. Each trading tool has some unique features. Some may offer DEX aggregator functionality to take full advantage of multiple cryptocurrency exchanges. On the other hand, some trading tools guarantee 50% cheaper gas fees. As Polygon grows in popularity, it is important to find the right cryptocurrency trading tool that meets your needs. Learn more about the basics of Polygon blockchain today.

*Disclaimer: This article should not be considered, and is not intended to provide, investment advice. The statements made in this article are not investment advice and should not be taken as such. 101 Blockchain is not responsible for any loss suffered by anyone relying on this document. Do your own research!