BitKeep Swap: DeFi King of April 2022

04/04/2023 11:42 • Metaverse Matters • 72 views

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

The last month has brought about a new DeFi king- BitKeep Swap, which gained an impressive 436% growth rate. The latest data from DappRadar’s DeFi ranking denotes BitKeep Swap as the top-ranked DeFi platform with roughly 330,540 active wallets in the past 30 days.

The foundation of BitKeep Swap

BitKeep Swap is a DeFi platform that works on the principle of liquidity aggregation. This management protocol combines different liquidity pools that are present on various DeFi platforms. Users can trade their cryptocurrency with BitKeep Swap, which in turn offers these trades across different platforms.
BitKeep Swap focuses on providing users with the best possible outcomes by preventing dilution and offering a high return rate. The BitKeep Swap protocol enables token swaps between different platforms, making it a more decentralized and financially secure platform. The platform’s developers ensured that BitKeep Swap operates on various blockchains for optimal user experience.

BitKeep Swap’s contribution from Arbitrum and Polygon chains

BitKeep Swap has experienced a huge upsurge in popularity for the past month, primarily due to its utilization on the Arbitrum and Polygon chains. Users have increased by an impressive 5659.3% on the Arbitrum chain and 47.23% on the Polygon chain, with 3 times more active wallets than the other DeFi players.
Arbitrum provides a fantastic platform for the performance of BitKeep Swap due to its off-chain calculations and compatible seamless compatibility with Ethereum. BitKeep Swap users can conduct transactions with lower gas prices, faster speeds and more enhanced security.
Polygon, on the other hand, offers users lower transaction fees and quick transaction speeds, and has an advantage of the most in-demand and top-tier DeFi protocols compared to other chains, further boosting BitKeep Swap’s popularity on Polygon chains.

Conclusion

The rise of BitKeep Swap from a relatively unknown player in the DeFi arena to the leader of DeFi has been impressive. Its success can be attributed to its ability to provide a more seamless, high yield platform for users and its focus on merging liquidity pools across different platforms.
Moreover, The platform has claimed its rightful throne as the DeFi king with the most active wallets, a tangible representation of the people’s preference and trust in the platform’s security and reliability.

FAQs:

1. How does BitKeep Swap offer high return rates to its users?
– BitKeep Swap uses a liquidity aggregator protocol, which combines different liquidity pools to provide the best possible outcomes to users. Its focus on merging different liquidity pools prevents dilution and offers high return rates.
2. Why has BitKeep Swap become more popular on Polygon chains?
– BitKeep Swap is more popular on Polygon chains because it offers lower transaction fees, quick transaction speeds, and has the most in-demand DeFi protocols compared to other chains.
3. How does BitKeep Swap offer enhanced security to its users?
– BitKeep Swap is developed on various blockchains which provides users with the best possible security and a decentralized platform for trading with multiple types of digital assets.
**Keywords:** BitKeep Swap; DeFi; Arbitrum; Polygon; liquidity; cryptocurrencies; wallets; decentralized.

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