QuickSwap is migrating its perpetuals trading platform from Orderly Network’s Falkor to Orbs Network’s Perpetual Hub Ultra 2.0, making the current V1 Perps obsolete by July 14, 2026. After this date, users cannot open new trades or deposit funds on the old platform but can close positions or add collateral. This upgrade unifies QuickSwap’s infrastructure across supported chains, reducing reliance on third-party backends and giving QuickSwap more control. The change reflects a governance-backed decision and is seen as an internal upgrade with no major market impact expected.
QuickSwap has burned 20 million QUICK tokens, about 2% of its total supply, following a community governance vote with overwhelming support. This burn is part of the protocol's ongoing 'Trial of Fire' program, which uses all revenue for token buyback...
Orbs has introduced Perpetual Hub Ultra 2.0, a unified protocol enabling trading venues to quickly launch fully branded perpetual futures exchanges without building backend infrastructure from scratch. The protocol integrates all necessary components...
