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The DeFi space is abuzz with the launch of QuickPerps: Falkor, the latest cutting-edge perpetual exchange in the Polygon DeFi family. Almost immediately after launch on May 23, users from the Polygon ecosystem and beyond flocked to Falkor, bringing significant capital with them. Thanks to QuickSwap’s on-chain data analytics tool, we have numbers that prove that the hype around QuickPerps: Falkor is not just a social trend. Within the first week of launch, Falkor gained over 5,100 new users and generated nearly $14 million in transaction volume. Falkor’s remarkable performance not only represents the platform’s cutting-edge features and growing market demand for Polygon PoS’ sophisticated perpetual trading tools, but also represents a key market trend on the horizon.
Setting standards for open-ended contracts
Without a doubt, QuickPerps: Falkor sets a new standard in the ever-popular persistent assets segment of Web3 with its many impressive features. One particularly notable feature is the platform’s near-instant and gas-free transactions. Polygon’s unrivaled scalability stack support and integration of the Orderly Network’s permissionless liquidity layer allows QuickPerps users to execute trades at optimal price points without the burden of high gas fees or latency, which are common and particularly common problems in the DeFi space. It is one of the permanent sectors.
QuickPerps: Another key feature that Falkor offers comes from its commitment to security and user experience. The platform eliminates the need for bridging, allowing Polygon users to deposit funds directly into the platform’s vaults. This streamlined deposit mechanism not only enhances the overall security of the platform, but also simplifies the onboarding process for new users and traders.
QuickPerps: What makes Falkor’s release particularly noteworthy is its impressive array of supporting assets. The platform already offers perpetual contracts for 37 blue chip digital assets, including industry leading cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Polygon’s MATIC, as well as popular Dogecoin (DOGE), Avalanche (AVAX), and XRP. provide. Arbitrum (ARB), Near (NEAR) and Chainlink (LINK). For traders looking to make the most of their capital, Falkor supports leverage of up to 50x. This is an impressive number in itself.
Market Assessment: What Success Means for Falkor
QuickPerps: The rapid growth and trading volume recorded in Falkor’s first week of operation is not just a product of the platform’s cutting-edge features and high-performance engine. Traders tend to seek leverage when they believe a period of high volatility is approaching. The Web3 market is poised for major growth as the Ethereum ETF begins to promote decentralized technologies in both Web3 and traditional finance. Often, increased volume in the permanent jewelry sector is a strong indicator of upward momentum in the broader market. With impressive first week statistics and a rapidly growing user base, QuickPerps: Falkor is well on its way to becoming the go-to destination for traders looking to capitalize on the next big move in the ever-evolving Web3 market.
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