Quickswap – Ethereum Killer’s Killer?
Ethereum's inaccessibility for the average users has resulted in the Ethereum killer's gaining ground, but Quickswap is coming to rescue.
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Uniswap – the world’s favorite decentralized exchange has become unsuitable for the average user lately. This comes especially to those operating with relatively small capital. It is limited by high swap fees, long settlement times, and UX issues pertaining to failed attempts. That isn’t directly Uniswap’s doing, but rather caused by Ethereum’s network congestion. It has resulted in Ethereum killers gaining ground. Enter Quickswap.
Quickswap is a Uniswap clone on the Polygon Matic Ethereum L2 network. It has all the functionality of Uniswap, plus extremely attractive low fees and fast settlement times. This takes care of the two major problems faced by Uniswap. The best part is that there’s no learning needed for existing users. In fact, the interface and options are exactly the same.
One of the major selling points for EVM alternatives or the so-called Ethereum killers is that fees and settlement times on the Ethereum mainnet are too high. Quickswap is providing a powerful alternative, which integrates well within the existing ecosystem. Additionally, it only requires a few additional steps to onboard.
What about the investment opportunity though? Quickswap has a token called QUICK, which has a total supply of 1M, out of which only 159K are in circulation. The distribution of tokens takes place through liquidity mining, as a reward for adding liquidity for different pairs.
Now, the Quickswap token’s market cap is only 27M, which is very small given the potential market. Perhaps, it takes time to invest in this Ethereum killer’s killer, as it can capture the market cap of a lot of ghost chains in the near future. Hence, QUICK is our top low market cap coin pick of the week!
About Layer 2 Solutions
The Layer 2 scaling solutions are decentralized protocols, which additionally increase the processing capacity of a blockchain (hence scaling) and as a result relieve congestion on the network.
Furthermore, they work by delegating the network processing “off-chain” to their own chain, processing it there, before settling the final balances on the base layer mainnet, so you can escape Ethereum fees.
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