Quickswap (QUICK) and RCO Finance (RCOF) Are Fixing to Displace Aave (AAVE) From Its Position in the Ethereum Decentralized Finance Sector

With recent partnerships and numerous ecosystem developments, Quickswap and RCO Finance continue evolving at the speed of the ever-changing crypto landscape.

Top decentralized exchanges (DEXs) on the Ethereum network, Quickswap (QUICK) and RCO Finance (RCOF), are setting their sights on dethroning Aave (AAVE) from its top spot in the decentralized finance (DeFi) sector.

With recent partnerships, ecosystem developments, and a presale that has attracted a large user inflow, here's how Quickswap and RCO Finance are aiming to displace Aave from its top position.

Quickswap Plans Migration To Ethereum Mainnet

Quickswap, a leading DeFi suite on Polygon, is wrapping up the Summer of 2024 with several launches and deployments in an attempt to dominate the Ethereum Virtual Machine (EVM) perpetual division.

It has demonstrated resilience against the downturn plaguing the crypto industry, instead capturing a substantial portion of the Polygon perpetual market in the last two years.

In addition, Quickswap launched a podcast that was a hit and rolled out another version of the Polygon Proof-of-Stake contract, QuickPerps.

QuickPerps’ launch was a major milestone for Quickswap, gaining the support and acknowledgment of the crypto community, including leading industry figures.

Justin Sun, the Founder of Tron (TRX), expressed his support for QuickPerps in a recent post on X. Orderly Network collaborated with Quickswap during QuickPerps’ development to provide liquidity, zero-fee trading, and up to 50X trading leverage.

With other Quickswap-inspired developments ongoing, the Polygon-based platform will soon rise to the top of the Ethereum DEXs roster.

Quickswap’s native token QUICK has displayed encouraging performance recently. QUICK rose 22.99% to $0.045 in the last 24 hours.

RCO Finance To Become Top Ethereum DEX

RCO Finance has garnered massive attention in the DeFi sector as a rapidly growing trading outlet, climbing up the ranks of top Ethereum DEXs.

Through its innovative approach, this project is gaining ground, drawing the interests of investors and traders alike. Its inclusion of AI-related components, such as a robo-advisor, makes it even more attractive to clients looking to maximize gains.

The robo-advisor is central to RCO Finance, offering investors an effective way to navigate the highly competitive and volatile financial market.

With it, investors need not worry about trades because the robo-advisor handles everything, from analyses to trading. It can customize its strategies according to the client’s financial goals, risk tolerance, and preferences.

As a decentralized exchange, RCO Finance grants users access to digital assets with absolute control over their holdings. Some assets tradable on RCO Finance include FX, derivatives, cryptocurrencies, exchange-traded funds, and real-world assets.

Clients may swap their cryptos for these other assets, promoting a transactional system that excludes involved fiats.

RCO Finance also offers the best DeFi services, including a high-staking APY, low-interest loans, up to 1000X trading leverage, and pre-derivative access, all accessible on its user-friendly interface.

With its no-KYC modus operandi, the platform demonstrates its ability to protect clients’ identities and privacy. Further, SolidProof has thoroughly examined its smart contract for latent and lurking vulnerabilities.

Aave’s Founder Sells $6.6 Million Tokens Amid Rally

Stani Kulechov, the founder of the Ethereum-based decentralized exchange Aave, has recently sold a substantial share of his AAVE tokens for unknown reasons.

On-chain activity tracker Lookonchain posted about this sale on September 5. Lookonchain noted that Stani has been selling AAVE since February 26, 2024, and has sold 55,596.

The tokens sold are worth $6.67 million at AAVE’s current price. Currently, he still holds 243,000 AAVE tokens valued at $32.7 million. Meanwhile, AAVE has risen 33% since February 26.

Based on recent market data, AAVE is down 4.09% to $123.8 in the last seven days. Its trade volume also fell 2.17% to $257 million. Likewise, AAVE’s market capitalization declined 4.87% to $1.837 billion.

RCOF’s Presale Attracts More User Inflow

Investors are flocking to acquire RCO Finance’s presale tokens, demonstrating their optimism in the token’s potential. These investors have collectively invested over $1.78 million in RCOF thus far.

RCOF is trading at $0.0343, representing a 50% discount from its listing price. The token is set to hit $0.6 by the end of its presale, offering