BitKeep Swap – The Rising Star of DeFi Trading

On April 4th, according to DappRadar DeFi ranking data, BitKeep Swap ranked first with 330540 active wallets (UAW) in the past 30 days, achieving a growth of 436%. The main contribution comes from the Arbitrum and Polygon chains. In the past 30 days, the number of BitKeep Swap trading users has increased by 5659.3% on the Arbitrum chain and 47.23% on Polygon.

Data: The number of active wallets on BitKeep Swap has increased by over four times in the past 30 days

As cryptocurrencies continue to gain popularity in the world of finance, the need for decentralized finance (DeFi) solutions has become increasingly evident. DeFi platforms provide users with the ability to trade cryptocurrencies, manage their digital assets and access a range of financial services without the need for intermediaries like banks.
On April 4th, BitKeep Swap took the DeFi world by storm when it ranked first in the DappRadar DeFi ranking. The platform recorded an impressive 330,540 active wallets (UAW) in the past 30 days, achieving a growth of 436%. BitKeep Swap’s impressive performance can be attributed to the increasing usage of the Arbitrum and Polygon chains.

What is BitKeep Swap?

BitKeep Swap is a DeFi platform that operates on the Ethereum blockchain. It serves as an automated liquidity protocol that allows users to trade various cryptocurrencies. The platform boasts of a user-friendly interface and low transaction fees. BitKeep Swap is a decentralized exchange (DEX), which means that transactions are made directly between users without intermediaries.

What Contributed to BitKeep Swap’s Massive Growth?

The impressive growth in BitKeep Swap’s user base can be traced to its recent incorporation of the Arbitrum and Polygon chains. The Arbitrum chain is an Ethereum-compatible Layer-2 rollup protocol that boasts of fast transaction speed, low fees, and high throughput rates. BitKeep Swap’s user base on the Arbitrum chain has increased by a remarkable 5659.3% in the past 30 days.
Polygon, on the other hand, is a Layer-2 scaling solution that leverages the Ethereum network’s security while providing faster and cheaper transactions. The steady increase in BitKeep Swap’s users on the Polygon chain indicates its growing popularity in the DeFi space.

The Benefits of BitKeep Swap

1. Low Transaction Fees: BitKeep Swap charges a low transaction fee, making it an attractive option for traders looking to save on costs.
2. User-Friendly Interface: The BitKeep Swap platform is easy to use, even for beginners in the world of DeFi.
3. Fast Transactions: With the integration of the Arbitrum and Polygon chains, users of BitKeep Swap can enjoy faster transaction processing and lower fees.
4. Decentralization: As a DEX, BitKeep Swap allows users to trade cryptocurrencies without intermediaries or central authorities.

Conclusion

BitKeep Swap has emerged as a leading player in the DeFi space, and its recent achievements attest to its growing popularity. The platform’s low transaction fees, user-friendly interface and integration with Ethereum-compatible Layer-2 protocols make it an attractive option for traders looking to engage in DeFi trading.

FAQs

Q1. What is DeFi?
DeFi (decentralized finance) refers to the use of blockchain technology to enable decentralized financial applications and services.
Q2. What is a DEX?
A decentralized exchange (DEX) is a type of cryptocurrency exchange that operates on a decentralized blockchain network.
Q3. How does BitKeep Swap compare to other DeFi platforms?
BitKeep Swap’s integration with Ethereum-compatible Layer-2 protocols like Arbitrum and Polygon gives it an edge over other DeFi platforms, providing faster transactions and lower fees.