QuickSwap Sets Sight on Ethereum L1 Expansion to Revamp the Future of DeFi



  • QuickSwap launched two major platforms on Ethereum’s base layer to unite DeFi traders and improve the experience for security-focused users.

Leading decentralized finance (DeFi) platform on Polygon, QuickSwap announced a bold leap to Ethereum Layer 1 with a dual-platform deployment. Expanding directly onto Ethereum’s mainnet, QuickSwap aims at a core audience of DeFi users who value the base layer’s security and stability measures. This strategic move is designed to appeal to Ethereum “OGs,” positioning QuickSwap to gain a stronger foothold in the broader Ethereum ecosystem.

One of QuickSwap’s standout offerings on Ethereum Layer 1 is QuickPerps Falkor, a next-gen perpetual exchange designed for high-performance trading. With features like instant transactions, trailing stops, take-profit orders, and up to 50x leverage on a wide range of cryptocurrencies, QuickPerps Falkor addresses some of the key challenges DeFi traders have faced.

In a market where high gas fees have historically slowed down activity on Ethereum, QuickPerps Falkor is turning heads with its offer of gasless trades—an essential feature for Ethereum Layer 1 users. This innovation has the potential to reshape how leverage traders operate, enabling them to cut costs and boost their profitability.

QuickSwap’s Liquidity Hub: A Game-Changer for Swaps

In addition to its perpetual exchange, QuickSwap is also launching its Liquidity Hub, powered by Orbs Network, which further strengthens its presence in Ethereum DeFi. The Liquidity Hub aggregates liquidity from multiple sources, reducing slippage, lowering transaction fees, and offering users better pricing. This addresses one of DeFi’s toughest challenges: liquidity fragmentation, which often leads to inefficient trades.

QuickSwap’s Liquidity Hub directly tackles this problem by pooling liquidity from a wide range of sources and using Orbs Network’s decentralized infrastructure. This approach offers traders the best of both worlds—Ethereum Layer 1’s security and decentralization combined with a smoother trading experience that minimizes the pain points of fragmented liquidity.

Like QuickPerps Falkor, the Liquidity Hub enables gasless transactions, making it more accessible and affordable for Ethereum Layer 1 users to participate in DeFi. With access to deeper liquidity pools, users benefit from more accurate pricing and an enhanced overall experience.

What’s Next for QuickSwap? Ethereum Layer 1 and Future Growth

QuickSwap asserts that the move to Ethereum Layer 1 is just the start of its expansion plans. As the platform strengthens its presence on both Ethereum and Polygon, it’s clear that QuickSwap has set its sights on growing across multiple ecosystems. 

One of the platform’s biggest milestones recently was surpassing $1 billion in Total Value Locked (TVL) on its platform. This highlights the platform’s growing popularity, largely due to Polygon’s scalability, which offers low transaction fees and fast processing times—an attractive combination for traders looking to efficiently swap Ethereum-based tokens. On top of that, QuickSwap’s governance token, QUICK, has demonstrated remarkable resilience, with recent trading hovering around $0.04764. 

The team has already confirmed collaborations with the Justin Sun-led Tron ecosystem, signaling that even bigger developments are on the horizon. Now with this dual-platform deployment, QuickSwap is not only enhancing its offerings but also positioning itself as a strong horse to bet on in the rapidly evolving DeFi landscape. Whether through its innovative perpetual exchange or liquidity aggregation capabilities, QuickSwap seems to be laser-focused on raising the bar for what’s possible through decentralized finance on Ethereum.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

 



Source link

About The Author

Scroll to Top