A project worth considering #QuickSwap built on the Polygon network. With Polygon's rapid expansion and its goal to improve Ethereum's scalability, QuickSwap has become a key player on Polygon Ecosystem. It is highly undervalued, especially when you consider the huge growth potential tied to Polygon's progress. With a low market cap, there's significant room for upward movement, offering a rare opportunity as QuickSwap is positioned to benefit. $QUICK #QUICK/USDT
QuickSwap persists as a beacon of innovation and reliability amid the collapse of Web3 projects globally.
As the cryptocurrency world weathers a storm of uncertainty, with web3 projects collapsing under market pressures and scams — QuickSwap, the leading DeFi suite on Polygon, remains resilient as a beacon of innovation. Widely recognized for its hit web3 podcast "The Aggregated" on X, the exchange is now setting its sights on expanding to the Ethereum mainnet, a move that has caught the attention of key opinion leaders (KOLs) across the global crypto community.
Last week, Tron founder Justin Sun praised QuickSwap’s innovative prowess with his tweet, "How Quick can you Swap?". His endorsement spotlighted the exchange’s influence within the community and triggered a surge of social media activity. Influencers and thought leaders quickly rallied around QuickSwap, buzzing about the potential listing of $TRX on the DEX and lauding the announcement of its new perpetual exchange, QuickPerps Falkor.
Falkor represents the latest evolution in QuickSwap’s offerings, designed to meet the growing demand for sophisticated on-chain margin trading. The new decentralized exchange (DEX) introduces zero gas fee trades and up to 50x leverage, tapping into deep liquidity pools through a strategic partnership with Orderly Network.
Why ‘Falkor’ is the Future of DeFi Innovation
QuickSwap asserts that its decision to expand to Ethereum isn’t just a tactical move—it’s rather a statement of intent. The project, recognized for its innovations within the DeFi ecosystem, has continually pushed the web3 envelope with its flagship product, QuickPerps. The latest iteration, Falkor, introduces a suite of advanced features designed for on-chain margin traders.
With its upcoming launch on Ethereum Layer 1, QuickSwap aims to attract a broader user base, offering a familiar orderbook interface powered by Orderly’s Central Limit Order Book (CLOB) infrastructure. This setup not only simplifies trading but also provides tools for effective risk management, including stop-loss, take-profit, and limit orders, all within a user-friendly interface.
By addressing the reorg issues that have plagued previous perpetual protocols, Falkor has the potential to significantly boost trading volume on the platform. The combination of Orderly's robust infrastructure, QuickSwap's extensive reach, and Polygon PoS's scalability marks a major advancement for omnichain trading and DeFi on Polygon.
Leading Crypto Voices Back QuickSwap’s Community-Focused Innovations
The crypto community has noticed QuickSwap’s latest moves, especially after Justin Sun gave it a big shout-out. When these key opinion leaders (KOLs) speak up, they make an impact—shaping how the market sees things and boosting user engagement. With more industry leaders backing QuickSwap, the project’s visibility and credibility are skyrocketing, cementing its role as a major player in the ever-changing DeFi scene.
https://x.com/megbzk/status/1831013585134461133
QuickSwap isn’t just pushing the envelope in tech; it’s also built a lively, engaged community. By embracing diverse voices and fostering collaboration across the Web3 space, QuickSwap has created a hub for shared learning and innovative thinking. Their podcast, "The Aggregated," is a perfect example of this ethos. It blends education with storytelling, showcasing the economic impact of Web3 and blockchain technology in a way that’s both informative and engaging.
In addition to rolling out cutting-edge technology, QuickSwap is also making moves to refine its tokenomics and better support its community. This week, the QuickSwap DAO proposed a significant token burn initiative. If it gets the green light, QuickSwap will burn all QUICK buybacks from protocol revenue over the next three months. This reduction in circulating supply could potentially boost the token’s value, highlighting QuickSwap’s commitment to building a sustainable ecosystem and rewarding its loyal users.
But that’s not all. QuickSwap is also focusing on fostering open dialogue and community engagement through governance votes. $QUICK holders will have a say in everything from podcast content to key project collaborations, making sure that the community’s voice is front and center in shaping the future of QuickSwap.
A Relentless Drive for Success
QuickSwap continues to shine as a standout example in the DeFi space, showing that thriving is possible even when market conditions are tough. Its unwavering focus on expansion and its solid reputation for reliability and progress make it a strong contender to dominate the DeFi landscape. Whether you’re cheering or watching from the sidelines, one thing is clear: QuickSwap’s fire-breathing dragons are charging ahead with no signs of slowing down.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
BTC dominance at 56.45% what about Altcoins??? Is it that Institutional Investors have only focus on Bitcoin then what Altcoins doing here???? Where other whales have disappeared??? Common Whales show your strength... and Help normal Investors, also get most of it???
IoTeX Unveils 2.0 Whitepaper and Strategic Upgrade
According to Foresight News, IoTeX has released its 2.0 whitepaper, marking a significant strategic upgrade from a Layer 1 public blockchain to a 'DePIN Modular Open Ecosystem.' This upgrade introduces off-chain computation and verification, hardware identity recognition, and other functionalities as flexible modules and public infrastructure. These enhancements aim to facilitate lightweight DePIN construction, cross-ecosystem collaboration, and DePIN Layer 2 architecture, thereby supporting large-scale DePIN adoption with necessary infrastructure.
In terms of the economic system, IoTeX 2.0 enhances the utility of its tokens and introduces a deflationary mechanism similar to EIP-1559. Additionally, it employs reasonable inflation to incentivize ecosystem growth and maintain network stability through node maintenance. IoTeX indicates that with the MSP re-staking mechanism, the base APR within the ecosystem could reach 20%. With the launch of the 2.0 strategy, IoTeX plans to initiate large-scale ecosystem incentives and accelerate the ecosystem to encourage the participation of DePIN projects and users.
$IOST I am seeking clarification on the ongoing developments and considerations that should be made prior to committing to the purchase of a significant quantity. @IOST_Official @IOST_CN Can u help?
Like @VitalikButerin says, DePIN isn't new – what's the big deal now?
Our short answer: Today, DePIN is built different.
Our long answer:
Decentralized storage, compute, & marketplace apps have been around for a decade, but early visionaries under-estimated build complexity.
Building a "deUber" meant wrestling with a full stack from hardware to connectivity to smart contracts to frontend and beyond.
DePIN verification alone is one of the biggest existential questions in all of crypto – according to @a16zcrypto.
A few ambitious teams tried/failed, resulting in the category not advancing.
Meanwhile, the majority of capital and attention in Web3 funneled into sexy DeFi, ICO, NFTs, and GameFi apps.
But behind the scenes, real world infrastructure projects built away...
IoTeX has been building DePIN since 2017.
And we believe DePIN is for every builder.
That's why we've meticulous crafted DePIN modules to make DePIN building easier and faster.
Real-world optimized IoTeX L1, verifiable off-chain compute @w3bstream_com, DePINscan, DePIN Liquidty Hub, DePIN AA crypto wallet, and the list goes on and on.
The hard work is finally paying off.
With the modules in place, we've seen a rapid increase in smaller teams start ambitious DePIN projects.
Covering areas like distributed telecom (@WayruNetwork), EV-charging (@PowerPod_People), compute (@InferixGPU), ESG, "DeFi for DePIN", and so many more.
The demand for AI data adds another layer.
IoTeX sees the data collection side as a killer use case of DePIN, crowdsourcing data in real time to feed data-ravenous AI models.
We are finally seeing DePIN dApps that can compete with and ultimately surpass the growth rates of software-centric dApps and rebuild society's base infrastructure in the image of decentralization and user-ownership.
So after a decade, why is DePIN actually about to get off the ground?
The demand is here, the capital is here, and the building blocks are here.
DePIN is built different – and it's built on IoTeX.
Agreed... #HBAR #VET $HBAR $VET will Outperform in Upcoming days
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🚀 VeChain (VET) & Hedera (HBAR) are making waves in the crypto world! 🌊 VET's innovative strategies led to a whopping 70% jump, while HBAR's tech advancements fueled a 47% rise. 📈
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Fantom Announces Development of Sonic Open Testnet on X Platform
According to Foresight News, Fantom is currently developing the Sonic Open testnet on the X platform. The team is enhancing the testnet with the necessary tools to enable developers to launch DApps on the network. The new developer testnet is expected to be up and running within 24 hours.
Nearing to Cross ATH #SHIB $SHIB Don't miss on #BONE
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Shiba Inu Price Could Surge with Potential Launch of Spot Bitcoin ETF in the USA
According to CryptoPotato, Shiba Inu (SHIB) has experienced a gradual price increase over the past two months, with some analysts predicting a potential rally for the memecoin in the future. There is speculation that the launch of a spot Bitcoin ETF in the USA could positively impact SHIB and other cryptocurrencies, as it might attract significant investment into the market.
Jalaleddin Hatefi, founder and CEO of the memecoin project PawZone, believes that SHIB and PAW could benefit from the potential launch of a spot Bitcoin ETF in the USA. He thinks the possible introduction of such a product would not lead to a 'buy the rumor, sell the news' scenario but allow a 'ton of big money' to flood the cryptocurrency market. Hatefi also predicted that American regulators would approve numerous BTC ETFs, which could pave the way for the launch of other exchange-traded funds with different cryptocurrencies as underlying tokens.
The potential approval of a spot Bitcoin ETF in the USA is highly anticipated by crypto participants and investors, as it could cause an uptrend for the entire sector. Increased accessibility and added legitimacy to the asset and the market as a whole could result from the existence of such a product in the world's largest economy. This would also show that regulators are not against digital currency, possibly triggering rising interest from institutional investors who would be able to enter the ecosystem without having to purchase amounts of the asset itself. Such factors could lead to a BTC rally, and historically, such increases have positively affected numerous alternative coins, meaning Shiba Inu (SHIB) could be among the winners in the future.
Other major elements that might result in a price rally for Shiba Inu are its burning mechanism and the further advancement of its layer-2 blockchain solution, Shibarium. According to Shibburn, the project witnessed a burn rate spike of almost 100% in the past week, resulting in over 17 billion tokens sent to an address that nobody could access. The program aims to reduce the tremendous circulating supply of Shiba Inu and possibly make the asset more scarce and valuable in time. Shibarium has reached numerous milestones lately, with daily transactions on the network in the millions since the beginning of December and total transactions standing just shy of the 200 million mark.
Astar Network Founder Announces zkEVM Mainnet Launch in Early 2024
According to Foresight News, Astar Network founder Sota Watanabe has announced on Twitter that the Astar zkEVM mainnet will be launched in early 2024. The Astar Network is a smart contract platform within the Polkadot ecosystem.