Quickswap, a DEX built on Ethereum and supported by Polygon’s L2 network, today disclosed a strategic launch of Kyber Network on the Base Chain, establishing a new decentralized offering to millions of DeFi customers. Base Network, one of the rapidly advancing DeFi networks, hosts millions of proactive traders and a growing decentralized audience.
Based on this launch, Quickswap now enables seamless multi-chain swaps across DeFi networks, simplifying DeFi transaction experiences by eradicating the use of bridges and external utilities.
Why Quickswap Selected Kyber Network
Slippage, expensive transaction costs, and sophisticated conversion processes are major obstacles encountered by DeFi traders and even institutional investors. This partnership between Quickswap, Kyber Network, and the Base Chain helps to resolve these setbacks.
With this rollout, Quickswap utilizes KyberSwap’s tech infrastructure to enable DeFi investors to efficiently move assets across various chains with just one click. With KyberSwap’s advanced DMM (dynamic market maker), this integration implies Quickswap users can now swap assets with better rates and lower slippage across crypto networks.
KyberSwap was tapped due to its responsive Trading Routing feature that allows traders to access liquidity across various protocols to help accomplish better prices for any asset transfer on any supported chain.
Based on this launch, Quickswap seeks to improve customer convenience and effectiveness by eliminating sophistications traditionally linked with multi-chain transactions. By incorporating KyberSwap’s technology, Quickswap allows its customers to conduct trades across Ethereum, Polygon, Base, and other composable on-chain ecosystems seamlessly without the complexities of moving across numerous platforms or the utilization of external bridges.
Positioning Itself in DeFi
Another substantial development noticed in this alliance is Quickswap broadening its footprint beyond Ethereum and Polygon networks by extending into another high-performing blockchain network, the Base Chain, a protocol owned by Coinbase.
Base is rapidly rising as a prominent Layer-2 chain with a specialty in resolving scalability challenges encountered by Ethereum. It currently hosts over 100 million users, an indicator showing its surging influence and its scaling proficiency to support responsive and fast-processing decentralized applications.
Quickswap’s move into the Base network is a tactical approach to connect its active audience with the Base’s growing ecosystem. It is a deliberate action to respond to the rising demand for composability within the DeFi environment. As the decentralized world continues to expand, the capability of swapping assets across varied chains has become increasingly essential.
By enabling rapid, seamless, and affordable swaps powered by Kyber Network’s technology, Quickswap displays its commitment to evolving into a leading multi-chain DeFi trading avenue, providing people with an efficient and convenient experience.
