What is Quickswap [New] (QUICK)?

TLDR Quickswap [New] (QUICK) is a multi-chain decentralized exchange (DEX) focused on fast, low-cost trading and a broad DeFi ecosystem.

1. Core function: Enables token swaps, liquidity provision, and yield farming via automated market maker (AMM) technology.
2. Ecosystem expansion: Hosts a "DragonFi" suite including perpetual trading, gaming, and cross-chain services.
3. Governance: QUICK token holders vote on protocol upgrades and fee structures.

Deep Dive

1. Purpose & Value Proposition

Quickswap addresses high Ethereum fees by operating primarily on Polygon PoS and zkEVM chains, offering sub-second trades for fractions of a cent. It expanded to seven chains by August 2025 (Base, Manta Pacific, Immutable zkEVM), leveraging Polygon’s scaling tech. The platform aims to be a one-stop DeFi hub, integrating tools like QuickPerps (perpetual futures) and partnerships with projects like Gamma and Orbs for advanced liquidity management.

2. Technology & Ecosystem

Built as a Uniswap V2 fork, Quickswap added Layer 2 integrations and dynamic fee models via Algebra’s V3 contracts. Its "DragonFi" ecosystem includes:
- Liquidity Hub: Aggregates liquidity across chains using Orbs Network for gasless trades.
- Gaming Hub: Partners with Web3 games like VersaGames on Immutable zkEVM.
- Cross-chain swaps: Powered by Axelar/Squid for asset transfers across 60+ networks.

3. Tokenomics & Governance

QUICK’s utility includes:
- Governance: Voting on fee splits (e.g., 10% of swap fees burned via community-approved mechanisms).
- Staking: "Dragon’s Lair" offers passive income from protocol revenue.
- Deflationary mechanics: A 2024 governance trial burned 12.45M QUICK (~$758K) in 5 months.

Conclusion

Quickswap [New] is a multi-chain DeFi platform combining AMM trading, ecosystem partnerships, and community-driven governance. Its focus on Polygon-based scalability and diversified product suite positions it as a liquidity layer for emerging chains.

How will Quickswap balance its expansion across chains with maintaining deep liquidity in core markets?