Uniswap – the world’s favorite decentralized exchange has become unsuitable for the average user lately, especially 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 the 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, as the interface and options are exactly the same.
One of the major selling point for EVM alternatives or the so called Ethereum killers is that the fees and settlement times on the Ethereum mainnet are too high. Quickswap is providing a powerful alternative, which is integrated well within the existing ecosystem and only requires a few additional steps to on-board.
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 marketcap is only 27M, which given the potential market is tinny. Perhaps, it’s take time to invest in this Ethereum killer’s killer, as it can capture the marketcap of a lot of ghost chain in the near future. Hence, QUICK is our top low marketcap 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.