In a move that’s set to reshape the very foundation of the DeFi landscape, leading Polygon DeFi suite QuickSwap unleashed its latest, high-performance DeFi platform on Ethereum mainnet – and it’s already picked up major traction. Going by the name QuickPerps Falkor, the second rendition of QuickSwap’s perpetuals offering goes far above and beyond what is currently on tap is Web3’s rapidly growing perpetuals sector. Now like never before, the vast community of crypto OGs trading on Ethereum’s base layer will have access to high-performance perps that drive down costs, specialize in efficient trade execution, and offer advanced trading features.
For both QuickSwap and Ethereum DeFi, the strategic expansion to Ethereum Layer 1 marks a significant milestone, bringing together best-in-class security, accessibility, and cutting-edge perpetual contracts in a single package.
A New Era of Perpetuals Trading
Well ahead of the game, QuickPerps Falkor had already amassed a significant user base on Polygon PoS, Polygon’s original Layer 2 chain, following its inaugural launch this past summer. In the Polygon ecosystem, QuickSwap has had no problem winning over the hearts and minds of DeFi traders with an unrivaled offering that brings a host of impressive benefits to the table.
- Gasless Trades: Users can execute trade after trade without worrying about mounting gas costs, thanks to a key integration with Orderly Network’s permissionless liquidity layer.
- Blue-Chip Assets and High Leverage: For traders looking to maximize their trading potential, QuickPerps Falkor does not sell traders short, supporting up to 50x leverage on a wide array of blue-chip crypto assets.
- Advanced Trading Features: From stop losses to trailing stops and take-profit orders, QuickPerps Falkor gives traders the high-quality, finely tuned tools they need to execute sophisticated trading strategies in volatile, around-the-clock markets.
The Next Level: Bridging the Gap Between Security and User Experience
Historically, users on Ethereum Layer 1 have had to choose between robust security and a smooth user experience. Simply put, QuickSwap’s integration with Orderly Network leaves this tradeoff in the dust. Orderly Network’s permissionless backend ensures a decentralized and trustless trading environment, while supporting aggregated, multi-chain liquidity and near-instant transactions. Meanwhile, QuickSwap is also supporting Ethereum mainnet deposits, whereby users can fund their accounts directly from other chains, eliminating the need for complex, high-latency bridging processes.
With deep liquidity already available and direct deposits open, QuickPerps Falkor has had no problem picking up traction on Ethereum Layer 1 because all the right nuts and bolts were in place from the get-go. The bottom line: Ethereum Layer 1 DeFi just got a major upgrade, and DeFi users across the base layer are finally enjoying the benefits of Layer 2 performance without being forced to part ways with the robust security they hold dearly on Layer 1.
Implications for the Wild World of QuickSwap DeFi
QuickSwap’s expansion to Ethereum Layer 1 is more than just a new product push; it’s a paradigm shift. QuickSwap has demonstrated how DeFi platforms can build robust communities and connect with users. By tapping into the Ethereum mainnet’s DeFi user base, QuickSwap has opened its doors to a vast community of long-time traders and Web3 enthusiasts. Now with markets on the verge of a major upswing as ETF inflows continue to grow, perpetuals contracts are the perfect assets to support traders focused on capitalizing on market volatility. QuickSwap has demonstrated well that the key to growth is deploying platforms in existing communities and offering features that address real market demand and resolve pain points for users.
QuickSwap’s launch on QuickPerps Falkor on Ethereum L1 is a true, holistic win for Web3 because it supports all involved parties. The Ethereum Layer 1 DeFi ecosystem has benefited from improved performance, DeFi suite QuickSwap has successfully expanded its user base, and Layer 1 DeFi users have finally gotten their hands on the DeFi experience they have been looking for on Layer 1.