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QuickSwap is a decentralised exchange (DEX) built within the decentralised finance (DeFi) ecosystem. Using an automated market maker (AMM), the exchange allows users to instantly swap ERC-20 tokens. According to the QuickSwap blog, the project promises lightning-fast transactions and negligible gas fees. The increase in DeFi functionality has unintentionally resulted in the crowding of Ethereum-based apps and, as such, gas costs can spike frequently. To account for this, QuickSwap was developed on the layer-2 Polygon network. The main goal of layer-2 protocols is to solve the scalability and speed issues that are inherent with existing layer-1 networks, like Ethereum. The Polygon network sends transactions off the main blockchain and into secure Proof-of-Stake ‘sidechains’. This layer-2 solution is known as ‘More Viable Plasma’ and helps the network verify transactions simultaneously. QUICK is an ERC-20 (Ethereum-based) token native to the QuickSwap network. The token is vital to the platform’s economic stability. As well as being used to vote on governance proposals, QUICK tokens are distributed to liquidity providers as an incentive to keep the AMM functional. They can also be staked on the QuickSwap DEX.
Quickswap (QUICK) is the 470th largest cryptocurrency in the world by market cap, valued at $84,037,301. The current price of Quickswap is $232.82, which is -8.943% lower than yesterday. Prices have ranged between $266.29 and $217.4 over the past 24 hours. All prices are listed in US dollars and accurate as of January 21, 2022 10:01 UTC.
| Coin symbol | QUICK |
|---|---|
| Coin Marketcap | US$84,037,301 |
| Total QUICK supply | 1,000,000 |
| Circulating QUICK | 361,000 |
| Current price | US$232.82 |
| All time high | US$1,590.57 |
| All time high date | April 30, 2021 |
Historical prices compared with the price of US$232.82.
| 1 hour | -0.86% |
|---|---|
| 24 hours | -8.94% |
| 7 days | -11.06% |
| 14 days | -27.28% |
| 30 days | -4.15% |
|---|---|
| 60 days | -34.21% |
| 200 days | -50.79% |
| 1 year | N/A |
Disclaimer: Cryptocurrencies, including Quickswap, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of QUICK is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Quickswap or any other cryptocurrency discussed.