The QuickSwap Liquidity Hub supercharges DeFi thanks to Orbs Network
Quickswap, the leading decentralized exchange on the Polygon blockchain, has launched the QuickSwap Liquidity Hub in order to improve prices and provide zero-gas swaps to traders. This innovation improves the user experience, and moreover helps smart Web3 investors save some money.
The newly introduced QuickSwap Liquidity Hub is an infrastructure powered by Orbs Network. The platform automatically aggregates liquidity by leveraging the Layer-3 infrastructure by Orbs to source liquidity from external protocols. This then minimizes the price impact of your token swap, while traders get more tokens thanks to the efficient trades. Moreover, the Liquidity Hub provides MEV protection. This ensures that bots can’t front run your trades.
The end of liquidity fragmentation
Thanks to the infrastructure by Orbs Network, leading decentralized exchanges (DEXs) such as QuickSwap can now end liquidity fragmentation. Through the QuickSwap Liquidity Hub, traders get access to all liquidity across a network, while the extremely low trading fees put traditional aggregators on the sidelines.
QuickSwap Liquidity Hub innovates by sourcing liquidity from its own automated market maker (AMM), other DEXs, and even centralized market makers and exchanges. All this happens while the platform itself remains fully decentralized. It’s now possible that a token swap sources liquidity from both a centralized exchange and decentralized platforms through the same transaction.
On the Polygon blockchain alone, there are 1,811 different dapps and a total value locked in DeFi of more than $612 million. With $100 million in TVL, QuickSwap carries lots of weight. But at the same time Aave V3 ($142 million), Aave V2 ($96 million) and Uniswap V3 ($93 million) also play a big role.
What changes for the end user?
There’s only one big change, and that’s that users save on each swap they make. To highlight this, a pop-up will appear to tell traders how much they’ve saved.
The updated version of the QuickSwap Liquidity Hub may have many new features, but all infrastructure operates in the background. The end user simply benefits from all features with the exact same interface they were already used to.
However, it’s important to note that the new service by QuickSwap is slightly different from those done by aggregators. Aggregators aim to perform the best token swap available with the lowest slippage. That’s where for example 1inch Network finds its success.
At the same time QuickSwap Liquidity Hub expands on those offerings by sourcing centralized exchanges as well, and utilizing all these different liquidity sources into potentially one swap.
What is QuickSwap?
QuickSwap has become the premier destination for DeFi users on the Polygon blockchain. In addition the platform supports swaps on Dogechain and Polygon zkEVM. It’s a decentralized exchange, or simply DEX. Here users can provide liquidity and earn from transaction fees from other users, or they can simply swap one cryptocurrency for another.
Furthermore, QuickSwap offers bridging services, allowing users to move a select number of cryptocurrencies from one blockchain to another. Polygon Bridge supports Ethereum, Polygon, Avalanche, Base, Stargaze, Arbitrum, Optimism, Linea, and dozens of other ecosystems.
In September 2023, QuickSwap has more than $100 million TVL, which is the total value locked in its smart contracts. Tens of thousands of users tap into the services by QuickSwap every month, performing half a million transactions. These users push nearly $600 million into the platform’s smart contracts, emphasizing the need for improved liquidity management and a better user experience.