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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Exchanges (DEX)

QuickSwap

# QuickSwap Trading volume Methodology

## 1. Overview

Trading volume measures the total value of trades executed on a decentralized spot exchange. Activity is captured across the protocol's decentralized exchange versions, including QuickSwap V2 and QuickSwap V3. This metric is utilized to assess the protocol's market share and its ability to generate revenue through trading fees.

## 2. Data sources

- **Blockchain events**: `Swap` events from `Pair` and `Pool` contracts, covering Polygon, Base, and Manta.
- **External data**: End-of-day price feeds for traded assets and asset metadata including symbols and decimal precision.

## 3. Step-by-step calculation

### Component A: Trade event extraction

- **Purpose**: Capture raw swap activity from QuickSwap liquidity pools.
- **Logic**: `Swap` events are parsed from `Pair` contracts for QuickSwap V2 and from `Pool` contracts for QuickSwap V3. For QuickSwap V2, the net change for each asset in the pair is determined by calculating the difference between the incoming and outgoing amounts. For QuickSwap V3, the asset amounts are extracted directly from the event parameters.
- **Key fields**: `amount0In`, `amount0Out`, `amount1In`, `amount1Out` (V2), and `amount0`, `amount1` (V3).

### Component B: Normalization and filtering

- **Purpose**: Ensure data quality and consistency across different assets and chains.
- **Logic**: Asset amounts are normalized by their respective decimal precision using asset metadata. Trading pairs are validated against factory contract records to ensure only authorized pools are included. Specific trading pairs are excluded based on a denylist to prevent the inclusion of assets with unreliable price data or limited liquidity.
- **Key fields**: `token0_address`, `token1_address`, `token0_decimals`, `token1_decimals`.

### Component C: USD conversion and manipulation mitigation

- **Purpose**: Normalize values to USD and filter for potential price manipulation.
- **Logic**: Normalized amounts are converted to USD using end-of-day price feeds. To mitigate the impact of price manipulation or extreme volatility, the trading volume for each transaction is calculated as the lesser USD value of the two assets involved in the swap. Daily totals are aggregated by summing these values across all transactions within a UTC day.
- **Key fields**: `price_usd`, `trading_volume`.

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

Total value of spot trades executed on the exchange.

QuickSwapQUICK

Trading volume

Trading volume

Competitive landscape

Chain breakdown