Polygon DeFi suite QuickSwap has launched its first products on Ethereum mainet, including perpetual trading through QuickPerps Falkor. The development team has the ambition to unify the thriving DeFi scene by bringing their cutting-edge platforms directly to the Ethereum community.
QuickSwap started its evolution as a decentralized exchange on Polygon, but has grown over the years as a multichain DeFi suite with a wide variety of services. QuickPerps Falkor is one of their latest additions, allowing users to engage in perpetual trading. In addition, they are bringing the QuickSwap Liquidity Hub to Ethereum.
On Polygon, the QuickSwap ecosystem already enjoys a TVL of more than $56 million. Now they are looking to increase their reach in the DeFi ecosystem with a powerful expansion to Ethereum.
Perpetual trading without gas fees
To grow their reach even further, QuickSwap wants to tap into the Ethereum community. Where traditional platforms on Ethereum often have to deal with various tradeoffs associated with the mainnet, QuickSwap provides a seamless and optimized trading experience.
One of the key facets of QuickSwap’s expansion onto Ethereum is the launch of QuickPerps Falkor, an advanced perpetual exchange. Near-instant transactions, automated trading features, and trading up to 50x leverage put this exchange on par with some of the industry-leading centralized exchanges. QuickPerps Falkor is a major step in the perpetuals game. Moreover, all trades on the platform happen without gas fees. This is a major benefit for Ethereum mainnet users, who are accustomed to paying relatively high fees for making swaps.
Combining liquidity sources
QuickSwap will also deploy its cutting-edge Liquidity Hub on the Ethereum mainnet. Powered by Orbs Network’s decentralized infrastructure, the Liquidity Hub serves as a swap aggregator that taps into multiple liquidity sources. Therefore swaps can happen with optimized prizes, reduced slippage, and minimized transaction fees. Thanks to the liquidity layer by Orbs Network, liquidity fragmentation is a thing of the past.
Similar to QuickPerps Falkor, the Liquidity Hub allows for gasless trades and drastically reduces transaction fees. This makes DeFi on the Ethereum mainnet a much more inclusive user experience.
Closing words
With the rise of multichain and omnichain environments, we can expect QuickSwap to expand its reach to other ecosystems. QuickPerps Falkor is already active on Polygon and Ethereum, while an expansion to Tron is on the horizon.
