What is QuickSwap
QuickSwap is the top decentralized exchange on Polygon, using AMM pools similar to Uniswap but optimized for fast, low-cost transactions on that layer-2 chain.
Liquidity and Usage
QuickSwap boasts strong liquidity: over $400 million TVL locked in Polygon pools. Recent data shows daily swap volume around $47 million and more than $377 million over a week. It's ranked among the top 10 DEXs by 24-hour volume, with roughly $30 million on Polygon. These numbers confirm that QuickSwap is a major Polygon DEX with real activity and liquidity.
Fee Model
Exchange charges 0.3 percent per swap. A portion goes to the protocol and community treasury. Over the past 24 hours, fees totaled around $98,500 and over $740,000 in the last week. That transparent fee structure incentivizes liquidity providers and ecosystem growth.
Governance Token - QUICK
The QUICK token is the governance and utility token. Around 754 million are circulating. Market cap sits around $19 million, with token volume roughly $6.5 million daily. QUICK stakes into liquidity mining and governance, and price stability over the past month signals growing maturity.
Security and Transparency
Contracts are audited and open-source. The protocol has been running for years with no major hacks. It offers robust financial visibility and a bug bounty program.
Pros and Cons
- Deep liquidity and daily volume in tens of millions
- High TVL (~$400 million) on Polygon
- Transparent 0.3 percent fee with revenue sharing
- Strong tokenomics and governance via QUICK
- Audited, open smart contracts with on-chain visibility
- AMM model means some slippage on large trades
- Polygon limitation restricts asset range
- No margin, lending or derivatives options
- Competes against multi-chain giants like Uniswap
Who it’s for
QuickSwap is ideal for users wanting low-fee, high-speed token swaps on Polygon, with enough liquidity for mid-size trades. It's not for margin traders or those seeking cross-chain complexity.
Final verdict
QuickSwap delivers a premium DEX experience on Polygon. With strong liquidity, transparent revenue, active governance, and reliable security, it’s a go-to for DeFi users in the Polygon ecosystem. While not perfect for advanced trading strategies or multi-chain access, it's a top-tier AMM pioneer worth serious consideration.