Quickswap
Current price
$0.00727
−6.07%24h
LiveUpdated 25s ago
TodayQuickswap drops 6.1%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour−5.58%
- 24 hours−6.07%
- 7 days−31.09%
- 30 days−19.87%
- 1 year−60.64%
Quickswap's move in context
Lagging the market today
−6.07% today against −3.26% for the market as a whole, a gap of 2.8 points. Small gaps like this are common, so they don't point to anything specific.
Part of a slide
−31.1% over 7 days and −19.9% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Quickswap
Overview
Quickswap is a decentralized exchange (DEX) built on the Polygon (formerly Matic Network) layer-2 solution, aimed at enabling instant and low-cost transactions. It operates in the rapidly growing decentralized finance (DeFi) space, facilitating seamless trading of digital assets without the need for a central authority. The core mission of Quickswap is to empower users by providing a highly efficient platform for token swaps that leverages the advantages of the Ethereum network while mitigating its high gas fees and network congestion. Its distinguishing features include a user-friendly interface, liquidity pools, and yield farming opportunities, allowing users to maximize their earnings through various DeFi strategies.
Technical Features
Quickswap utilizes an automatic market maker (AMM) model, where liquidity is pooled and managed by smart contracts. This algorithmic approach allows users to trade tokens directly against liquidity pools rather than through order books. Quickswap is built on the Polygon network, which employs a Proof of Stake (PoS) consensus mechanism, providing a high level of security and faster transaction speeds. The platform benefits from Polygon’s scalable architecture, enabling it to handle a high volume of transactions with minimal fees. Additionally, Quickswap incorporates advanced features such as price oracles, which ensure that users receive accurate pricing information for their trades.
Use Cases
Quickswap primarily serves as a platform for trading ERC-20 tokens in a decentralized manner. Users can swap tokens directly, add liquidity to pools, and participate in yield farming by staking their assets to earn rewards. Beyond token swaps, Quickswap plays a vital role in the DeFi ecosystem, offering governance tokens that enable holders to vote on important protocol decisions. It also supports various liquidity incentives to attract participants and enhance overall trading volume. Furthermore, Quickswap facilitates innovative use cases like cross-border payments, where users can transact globally without intermediaries, thus significantly reducing costs and enhancing transaction speed.
Development Background
Quickswap was launched in October 2020 by a team of developers and DeFi enthusiasts. The platform emerged in response to the growing demand for scalable solutions to Ethereum's limitations. With the backing of the Polygon network, Quickswap has gained traction as one of the most popular DEXs on this layer-2 solution. The project has seen continuous improvements and updates, including the introduction of new features and partnerships, bolstering its position in the fast-paced DeFi landscape. The Quickswap community plays a significant role in its evolution, contributing to discussions and development activities.
Community and Ecosystem
The Quickswap ecosystem is characterized by active community engagement and a variety of projects built around its infrastructure. The platform has established partnerships with various DeFi projects and protocols, expanding its functionality and use cases. The community actively participates through forums, social media, and other platforms, contributing feedback and suggesting improvements. Several liquidity providers and yield farmers have also joined the platform, enhancing its liquidity and stability. Additionally, Quickswap frequently hosts events and initiatives to foster growth and innovation within its ecosystem.
Future Potential
Quickswap's future potential is promising, with a strong foundation built on advanced technology and a vibrant community. As the DeFi landscape continues to evolve, Quickswap is well-positioned to capitalize on its user-friendly platform and low transaction costs. The team is exploring various future enhancements, including the integration of more tokens, liquidity mining programs, and cross-chain functionality, which could further increase its user base and market share. With the growing adoption of DeFi and the ongoing developments in the broader cryptocurrency market, Quickswap is set to play an integral role in shaping the future of decentralized trading.
Quickswap market
- Position by market cap among the coins we track.
- #377
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $6.37M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.00672High $0.0082
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $0.2298
- Now 3% of itReached 5 May 2022 · Needs +3,061% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 876.69M QUICK
- 88% of max
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 892.9M QUICK
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- 1B QUICK
- The most coins that can ever exist. Some coins have no limit.
Quickswap converter
1 Quickswap = $0.00727
