Leading Polygon DeFi suite QuickSwap is concluding the 2024 summer shining like a light of hope with a series of aggressive launches and deployments focused on dominating the EVM perpetuals sector. QuickSwap is proving itself to be a beacon of the Web3 industry as it is relatively unaffected by continued challenging market conditions which have been causing setbacks for many others After capturing a significant share of the Polygon-based perpetuals scene over the last two years with its ever-popular decentralised Perpetual Exchange QuickPerps, as well as launching its massive hit podcast “The Aggregated”, QuickSwap has also recently launched an entirely new version on Polygon PoS. Garnering overwhelming community support and attention from several very influential and informed industry leaders, QuickPerps’ newest launch has the entire Web3 space and X buzzing.

Called QuickPerps Falkor, QuickSwap’s newest and most innovative perpetuals DEX brings the best and most in-demand features to a growing user base of sophisticated on-chain margin traders. More importantly, this new perpetual exchange involved QuickSwap partnering with Orderly Network to enable zero gas trades, support up to 50x leverage, and tap into their deep liquidity.

With major developments and expansion plans driving growth for QuickSwap, it comes as no surprise that Tron founder and industry leader Justin Sun published a not-so-cryptic X post very recently, drawing attention to the project and sparking a firestorm of positive comments from leaders around the Web3 industry leaders. One thing is for sure: the relentless, unbound, innovative, and adventurous fire-breathing dragons that are the QuickSwap community WILL stop at nothing to become leaders in all things DeFi. They are certainly living up to their frequently quoted catchphrase: “Can’t Stop, Won’t Stop, QuickSwap!”

QuickPerps Falkor: Planning to Conquer on Ethereum Mainnet

By both innovating its perpetuals offering to augment cutting-edge features and expanding to Polygon’s most popular PoS chain, QuickSwap is following through on its December 2023 battleplan to take over the Polygon 2.0’s thriving Defi scene – and continue its crusade onwards into new territories.

However, QuickSwap is not just focused on building the best Perpetuals Exchange – it’s also committed to expanding its presence aggressively. With Falkor officially lined up to launch on Ethereum Layer 1, users will be able to deposit USDC directly from Ethereum onto Orderly Network to trade perpetuals with zero gas fees and up to 50x leverage.

Whether users arrive from Ethereum or Polygon PoS, the plan is to have its users enjoying all the best of perpetuals trading on QuickPerps Falkor.

Burning QUICK Buybacks

Refusing to limit its strategic expansion to technical advancements and business development initiatives, QuickSwap is now also on the verge of revamping QUICK’s tokenomics with a hefty burn proposal. Proposed through the QuickSwap DAO and put to vote this week by QUICK token holders, the proposal sets forth a three-month initiative where all QUICK buybacks from protocol revenue will be burned – that is, removed from the QUICK circulating supply via a send transaction to burn address. Previously issued to stakers via the Dragon’s Lair, QuickSwap’s new token burn initiative is designed to recalibrate its tokenomics, thereby giving back to its raging community of dragons.

With QuickSwap planning expansion to Ethereum Layer 1 on two massive fronts with its Perpetuals DEX and swap aggregator, while also preparing to significantly reduce its token supply via a massive burn initiative, the most influential voices in the EVM DeFi scene whose consistency and tenacity many are noticing and clearly showing respect for.

At this rate, it is only a matter of time before Web3’s largest user migration takes off. QuickSwap is waiting with open arms, a whole lot of leverage, and clear lungs filled with fire to conquer and unite as much of Web3 as possible…Friend or Foe, you can’t help but absolutely respect what the dragon ecosystem is up to and accomplishing at large.