WazirX launched an automated market maker (AMM) protocol and partnering with Matic Network to launch the protocol. Automated market makers are algorithmic agents that make it easier to list and exchange cryptocurrencies without the help of an order book.
“High gas costs [transaction fees] and scalability on Ethereum are definitely concerns that made us choose Matic, which offers high speed,” Nischal Shetty, CEO of WazirX, mentioned over a Telegram chat.
https://finance.yahoo.com/news/binance-owned-wazirx-announces-defi-184807263.html
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