About QuickSwap (QUICK)
QuickSwap is a decentralized cryptocurrency exchange protocol built atop the Polygon blockchain network. The QuickSwap DEX was developed as a fork of the UniSwap decentralized exchange, which exists on the Ethereum blockchain network.
QuickSwap supposedly promotes lower fees and faster transaction speeds than UniSwap and many other decentralized exchanges, largely due to being on Polygon. Since it exists on Polygon, platform users are required to hold MATIC in their decentralized wallets in order to pay for transaction fees whenever trading or engaging in DeFi strategies on QuickSwap.
QuickSwap enhances liquidity through a crypto bridge to Ethereum, enabling the trading of ERC-20 tokens and native Polygon tokens.
The decentralized exchange was launched in 2020 and features swapping, staking, farming and liquidity provision mechanisms which can be leveraged by QuickSwap users. Liquidity is made available for trades from users on the AMM-style platform, by way of liquidity pairs which are created by staking tokens. Users earn .25% of the fees produced from trades, equally proportionate to their stake in the pool.
The network cryptocurrency for QuickSwap - QUICK - is able to be staked as a single token in the Dragon’s Lair, a staking platform on the network. When users stake the network token in the Dragon’s Lair, they reciprocally earn a documented .04% of all trading fees on the QuickSwap platform for doing so. Rewards are also distributed in another network token - dQUICK.
In 2024, QuickSwap partnered with TradingView to enhance decentralized finance (DeFi) tools on Polygon. This collaboration integrated TradingView's advanced charting features with QuickSwap's QuickPerps platform, enabling users to trade perpetual swap contracts with up to 50x leverage, combining efficient trading with high-performance real-time data and analytics tools.
The fundamental QuickSwap digital asset is known by its token ticker $QUICK. QuickSwap price is updated and available in real-time on Binance.