Everything you need to know about the Polygon-based DEX
QuickSwap is the most popular and widely used decentralized exchange on Polygon. The platform’s native token QUICK is an integral part of the functionality and earning opportunities QuickSwap offers. Read on to find out everything you need to know about the Polygon-based top-performing exchange.
Launched in 2020, QuickSwap was one of the first DEXs to incorporate the fast-throughput and low-fee Layer-2 solution blockchain Polygon. Designed after Ethereum counterpart Uniswap, QuickSwap quickly became the go-to exchange service on Polygon.
Aside from the obvious token swap functionality, the platform offers a wide variety of crypto investment tools. Traders can set up limit orders, or provide liquidity in farming pools to reap rewards. Rewards are distributed whenever a transaction fee is sent towards the pool.
According to DappRadar data, in the past thirty days, QuickSwap has attracted over 200,000 unique active wallets. The platform also generated upwards of $2.4 billion in transaction volume. This goes to show the popularity of QuickSwap’s services on Polygon.
More on QuickSwap and its native token QUICK
QuickSwap has managed to successfully draw the attention of traders on Polygon. However, this would not have been possible without the platform’s native token QUICK. QUICK serves as the foundation for all trading, swapping, and farming functionalities on the platform. It is also the easiest way to take advantage of all investment tools on QuickSwap.
QUICK has a total supply of 1 million tokens. What is more, 96.75% of this supply goes towards liquidity mining pools on QuickSwap. Currently, one QUICK token is priced at $207.28. You can easily track price shifts for QUICK through its DappRadar single token page.
At the time of writing, QUICK is among the top ten most traded DeFi tokens on Polygon, according to the DappRadar Token Explorer. This goes to show that aside from the popularity of QuickSwap as an exchange, QUICK has managed to attract the attention of traders as a standalone asset as well.
If you want to start trading and swapping, you can easily get your hands on some QUICK tokens with the DappRadar Token Swap service. Additionally, you can check out QuickSwap here. Follow DappRadar on Twitter and join DappRadar PRO for more educational content, and get familiar with the rich ecosystem of dapps and protocols in the blockchain space.