Leading Polygon DeFi suite QuickSwap has been firing on all cylinders to execute on its latest strategic objective: uniting the thriving DeFi scene on Ethereum Layer 1. The growth-focused DeFi project has now deployed a pair of cutting-edge platforms directly on the Ethereum mainnet, targeting security-focused users and OGs that prefer the main chain for all their DeFi needs. A significant portion of the Ethereum community still remains firmly rooted in the base layer. QuickSwap realized that in order to continue expansion, uniting directly with this substantial market segment of Ethereum purists would not only be inevitable but essential. QuickSwap’s deployments eliminate the tradeoffs often associated with Layer 1 DeFi. By providing a seamless and optimized trading experience on Ethereum’s base layer without compromising the security and decentralized execution environment that Ethereum has becomerenowned for, QuickSwap is offering a new flame for Web3 enthusiasts to gather and unite around.
The Opening Act: Onboarding Next-Gen Perps
One of the key facets of QuickSwap’s Ethereum expansion is the launch of its advanced perpetual exchange, QuickPerps Falkor. Designed to deliver a superior trading experience, Falkor offers a number of mouth-watering features to users that leave most perpetuals offerings in the dust. Supporting near-instant transactions, automated trading features such as trailing stops and take profits, as well as up to 50x leverage on a diverse range of crypto assets, QuickPerps Falkor represents a major step up in the perpetuals game. Most importantly, the perpetual exchange offers gasless trades – a major benefit to Ethereum Layer 1 users who have become accustomed to higher transaction fees associated with a less scalable environment. By reducing costs for leverage traders and improving their bottom lines, QuickPerps Falkor could actually change the landscape of the entire perpetuals scene on the Ethereum mainnet.
Feature Presentation: Launching the QuickSwap Liquidity Hub
In addition to its next-gen perpetual exchange, QuickSwap is also deploying its cutting-edge Liquidity Hub on Ethereum Layer 1. Powered by Orbs Network’s decentralized infrastructure, the Liquidity Hub serves as a swap aggregator, tapping into multiple liquidity sources to provide Ethereum users with optimized prices, reduced slippage, and minimized transaction fees on all their swaps. The QuickSwap Liquidity Hub also eliminates the barriers to entry that have historically plagued DeFi users. Just like QuickPerps Falkor, the QuickSwap Liquidity Hub facilitates gasless trades and drastically drives down transaction fees, allowing for a more accessible and inclusive user experience for Layer 1 DeFi users.
Staying One Step Ahead: Tackling Fragmentation
One of the persistent challenges that has kept other DeFi platforms from deploying across multiple chains has been the issue of liquidity fragmentation, which hampers traders and eats into their profits via slippage. With the support of Orbs Network’s permissionless liquidity layer, QuickSwap’s Liquidity Hub addresses liquidity fragmentation outright by aggregating liquidity from an array of sources, enhancing depth, reducing slippage, stomping out MEV, and optimizing price points during trade execution.
By launching top-notch DeFi platforms directly on Ethereum Layer 1 with established liquidity at the get-go, QuickSwap is addressing a longstanding pain point for many Ethereum DeFi users. Historically, the trade-off between the security of the Ethereum mainnet and user experience has been a significant hurdle for DeFi platforms. Simply put, QuickSwap’s deployments offer Ethereum users the best of both worlds: the robust security of the base layer coupled with a seamless and optimized trading experience.
The Next Stage in QuickSwap’s Growth Trajectory
QuickSwap’s strategic deployment on the Ethereum mainnet appears to only be the beginning of its ambitious growth plans. The platform’s relentless pursuit of DeFi dominance suggests that its future plans may hold even more exciting developments in store. While QuickSwap’s recent
focus has been primarily on its Polygon and Ethereum expansion, the platform’s multi-chain capabilities as well as continued public support of other ecosystems point to further expansions being on the horizon. Announcements regarding the collaboration with the Tron ecosystem, led by industry veteran Justin Sun, have already been confirmed by the QuickSwap team after a cryptic September X post that hinted at the possibility of more groundbreaking developments between the two industry powerhouses.
