QuickSwap has launched its V3 decentralized exchange (DEX) on the Soneium mainnet, an Ethereum Layer 2 blockchain. The deployment aims to deliver faster, more cost-effective transactions, marking a key milestone for both platforms.
The expansion is expected to accelerate DeFi growth on Soneium, broadening QuickSwapโs reach within the Layer 2 ecosystem.
QuickSwap Deploys to Soneium
QuickSwapโs integration into Soneium marks a significant step in developing the DeFi ecosystem on the Layer 2 network.
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A Uniswap fork, QuickSwap operates as a decentralized exchange (DEX) using an automated market maker (AMM) model, enabling users to trade against liquidity pools rather than a traditional order book. Known for its fast and low-cost token swaps, the platform continues to expand beyond its previous deployment on the Astar Network.
With the successful launch, QuickSwap and Soneium are exploring new opportunities in gaming and Web3 entertainment.
Soneium users can now execute low-cost swaps and provide liquidity on QuickSwapโs V3 DEX. The exchange also plans to introduce rewards for DeFi participants, offering yield farming incentives on select coin pairs within the Soneium mainnet.
Soneium Expands Ethereum Layer 2 Capabilities
Soneium has emerged as a prominent Ethereum Layer 2 network, aiming to connect Web3 communities and creators.
Built on the OP Stack and Superchain framework from the Optimism Foundation, the platform offers high scalability and EVM compatibility, supporting a broad range of decentralized applications. Its next focus is to expand further into the decentralized finance space.
By leveraging Optimistic Rollups and Plasma chains, Soneium prioritizes speed, functionality, and cost efficiency for both users and developers.
The network has also introduced โblobsโ for data storage, a move designed to significantly reduce costs while enhancing scalability.
Why This Matters
As EVM-based DeFi continues to evolve heading into 2025, the QuickSwap-Soneium partnership could play a key role in shaping the next phase of Layer 2 innovation. With further developments and feature rollouts expected, the collaboration underscores a broader push to advance Web3โs financial infrastructure.
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