Liquidity providers deposit funds into QuickSwap and receive trading fees from traders (supply-side fees).

QuickSwap is a non-custodial exchange protocol built on Polygon. QuickSwap was founded by Nick Mudge & Sameep Singhania and launched in 2020.

QUICK tokenholders own and govern the protocol. They currently take a cut of the total trading fees paid by traders (revenue).

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QuickSwap

# QuickSwap Fees Methodology

## 1. Overview

Fees measures the total value paid by users to execute trades or perform flash loans on QuickSwap. This metric represents the gross economic value generated by the protocol's automated market maker (AMM) across its different iterations, including QuickSwap V2 and QuickSwap V3. Collected fees are typically distributed between liquidity providers and the protocol treasury.

## 2. Data sources

- **Blockchain events**: `Swap` events from `Pair` contracts, plus `Swap`, `Flash`, and `Fee` events from `Pool` contracts, covering Polygon, Base, and Manta
- **External data**: End-of-day price feeds for assets and asset metadata

## 3. Step-by-step calculation

### Component A: Trading pair and fee tier identification

- **Purpose**: To identify the universe of active liquidity pools and their associated fee parameters.
- **Logic**: Trading pairs are identified through factory contract events. For QuickSwap V2, a constant fee tier of 0.3% is applied to all activity. For QuickSwap V3, fee tiers are dynamically tracked via `Fee` events from `Pool` contracts. Specific trading pairs are excluded from calculation based on a denylist to account for limited price feed support or low liquidity.
- **Key fields**: `account_address` (pool identification), `fee_tier` (fee percentage), `token0_address`, `token1_address`

### Component B: Trading and flash loan volume calculation

- **Purpose**: To determine the gross value of asset activity subject to protocol fees.
- **Logic**: For trades, `Swap` events are parsed to extract the change in token balances. Trading volume is calculated by taking the lesser USD value of the two tokens involved in the swap to mitigate the impact of price manipulation. For flash loans, `Flash` events are parsed to capture the total amount of assets borrowed. All asset amounts are normalized by decimal precision.
- **Key fields**: `amount0`, `amount1`, `transaction_hash`

### Component C: Fee accrual and USD conversion

- **Purpose**: To calculate the final fee value in USD based on protocol activity and fee tiers.
- **Logic**: Fees are calculated by multiplying the daily volume by the applicable fee tier for each pool. For QuickSwap V2, the 0.3% rate is applied to all swap volume. For QuickSwap V3, the specific fee tier associated with the pool at the time of the transaction is applied to both swap and flash loan volumes. These values are then multiplied by end-of-day asset prices to arrive at a daily USD total.
- **Key fields**: `trading_volume`, `flash_loan_volume`, `fee_tier`, `price_usd`

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Total value users pay to use a protocol (gross fees, user-paid fees).

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Fees

Fees

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