QuickSwap’s Quantum Leap: Expanding to Ethereum Layer 1
Less than one year after releasing its plans to conquer the Polygon 2.0 DeFi scene last December, QuickSwap has once again proven why its name has become synonymous with breakneck innovation in the crypto space. Now the premier Polygon DeFi suite has just made a move that’s sending ripples yet another order of magnitude further – into and across the Ethereum community.
QuickSwap has launched a pair of potent platforms on Ethereum Layer 1, delivering both the next-generation Perpetual Exchange QuickPerps Falkor and high-performance QuickSwap Liquidity Hub to the stellar, long-standing user base on the Ethereum mainnet.
QuickSwap’s Twin Initiatives: Innovation & Growth
QuickSwap has long been a daredevil of the DeFi world, known for its unrelenting commitment to push the boundaries of innovation. Like a restless explorer seeking new horizons, QuickSwap has found ways to continue driving innovation under the hood and behind the scenes, while executing an array of strategic growth initiatives to bring its cutting-edge DeFi suite to new EVM chains and communities across the ever-growing Web3 space. After completing its conquest of the Polygon ecosystem, QuickSwap has changed gears to target the very heart of EVM DeFi: Ethereum’s base layer.
First and Foremost, QuickPerps Falkor
To shake up the landscape of Ethereum Layer 1, QuickSwap deployed its latest perpetuals platform, QuickPerps Falkor. In addition to offering a wide array of crypto assets, Falkor supports up to 50x leverage and a number of advanced trading features, including stop losses, take-profits, and trailing stops, allowing leverage traders to manage Web3’s around-the-clock markets without losing sleep. Above all, Falkor’s slick UI and user experience make trading perpetual contracts a breeze.
The QuickSwap Liquidity Hub: A Level Up for Layer 1 Liquidity
But QuickSwap’s ambitions don’t stop at perpetuals trading. The recent deployment of the QuickSwap Liquidity Hub on the Ethereum mainnet brings a host of key features to level up user experience on Layer 1. Thanks to a key integration with Orderly Network’s permissionless liquidity layer, the QuickSwap Liquidity Hub arrived on the Ethereum mainnet with deep liquidity in place on launch day. The hub is already offering traders superior price points, ultra-low slippage, and even gasless trades.
QuickSwap on Layer 1: A Symphony of Speed and Security
One of the most groundbreaking aspects of QuickSwap’s expansion is how it addresses the age-old dilemma of speed versus security. Ethereum Layer 1, known for its superlative security at the helm of the EVM DeFi scene, has often been critiqued for low performance, high transaction costs, and general latency. With QuickSwap’s high-performance DeFi platforms now operating on Layer 1, long-time Ethereum users can finally get the best of both worlds: the robust security of Layer 1 and the advanced performance of Layer 2. Meanwhile, QuickSwap’s integration with Orderly Network has set gasless transactions in motion on the Ethereum mainnet, rendering sky-high fees a problem of the past.
Risks and Potential Setbacks
Of course, in Web3 absolutely nothing is a sure thing. Even the most promising deployments, development initiatives, and product launches carry an element of risk in nascent and highly uncertain markets. In the case of QuickPerps Falkor’s expansion to Ethereum Layer 1, the deployment has the potential to muddle the QuikSwap brand, which has become notorious for being a premier DeFi suite that leverages and operates exclusively on Polygon’s industry-leading Layer 2 scalability stack.
Having one foot in each bucket – Layer 1 and Layer 2 – may confuse prospective users attempting to figure out what QuickSwap is all about, and where its core mission really lies. Secondly, even the existing dragon community may grapple internally with QuickSwap’s evolving public image. Without a doubt, properly executing a deployment in a new Web3 ecosystem is always a nuanced operation.
Wider Horizons: Embracing a New Frontier
By expanding to Ethereum Layer 1, QuickSwap is not just changing its address – it’s opening doors to a whole new universe of possibilities for its burgeoning community of dragons. Ethereum Layer 1 is the beating heart of DeFi. By setting up shop here, QuickSwap is positioning itself at the crossroads of the crypto world, inviting a vast body of new users to come to check out its DeFi offering. Dedicated to letting users choose their cake and eat it, QuickSwap has resolved a long-standing issue for security-focused traders who have been grappling with bitter tradeoffs for years.
As is common knowledge in the Web3 space, innovation waits for no one. As QuickSwap and almost every project associated with Lunar Digital Assets continue to operate at the frontier of Web3 innovation, it’s safe to say this integration will work out to the benefit of the entire crypto space.
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