Equity Overview
Price & Market Data
Price: $0.0265
Daily Change: +$0.0₃421 / 1.59%
Range: $0.026 - $0.0278
Market Cap: $23,123,265
Volume: 1,134,651
Details
QuickSwap, a prominent Automated Market Maker (AMM) on the Polygon Network, offers a cost-effective token swaps and liquidity provision platform, drawing from Uniswap's liquidity pool model. Created by Sameep Singhania to combat high gas fees on decentralized exchanges, it operates as open-source software under the GPL, inviting developer contributions. Its native token, $QUICK, launched in February 2021, is pivotal for incentivizing liquidity provision, with 90% of its total supply earmarked for liquidity providers. Moreover, $QUICK facilitates decentralized governance, allowing holders to steer platform development by proposing and voting on new features. Extending its utility across the Polygon ecosystem, $QUICK underpins various DeFi projects, wallet integrations, and DEX aggregators, while supporting the development and expansion of innovative DeFi tools and the QuickSwap ecosystem.