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 Total value locked Methodology

## 1. Overview

Total value locked (TVL) measures the total value of assets deposited in QuickSwap V2 and QuickSwap V3 liquidity pools. It represents the aggregate liquidity available for decentralized trading across the protocol's automated market maker (AMM) models. TVL is used as a primary indicator of the protocol's capacity to facilitate swaps and its ability to generate trading fees for liquidity providers.

## 2. Data sources

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

## 3. Step-by-step calculation

### Component A: QuickSwap V2 reserve tracking

- **Purpose**: Capture the balance of assets held within QuickSwap V2 liquidity pools
- **Logic**: `Sync` events are parsed from `Pair` contracts to identify the latest reserve balances for each asset in a trading pair. Trading pairs identified in the denylist are excluded to maintain data integrity. The final reserve values recorded for each day are used to establish the daily state of liquidity for V2 pools.
- **Key fields**: `reserve0_amount`, `reserve1_amount`, `account_address`

### Component B: QuickSwap V3 asset flow tracking

- **Purpose**: Calculate the net change in asset balances for QuickSwap V3 liquidity pools
- **Logic**: `Mint` and `Collect` events are parsed from `Pool` contracts to track liquidity deposits and withdrawals. `Swap` events are analyzed to account for the shifting balances of assets resulting from trading activity. `Flash` events are combined with `Fee` events to capture the additional asset amounts paid into the pools as flash loan fees, which are calculated by multiplying the loan amount by the pool's active fee tier. All events associated with denylisted trading pairs are filtered out.
- **Key fields**: `token0_amount`, `token1_amount`, `fee_tier`, `account_address`

### Component C: USD conversion and cumulative aggregation

- **Purpose**: Normalize asset balances to USD and calculate the total protocol TVL
- **Logic**: Asset amounts from both QuickSwap V2 and QuickSwap V3 are normalized by decimal precision. These amounts are multiplied by end-of-day price feeds to determine the USD value of daily net deposits. A cumulative sum of these daily net deposits is calculated to determine the total value locked. The metric is aggregated by day using UTC boundaries, with missing data points filled with the previous day's value to ensure a continuous time series.
- **Key fields**: `timestamp`, `price_usd`, `net_deposits`, `tvl`

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

Total value locked (TVL)

Total value locked (TVL) — value deposited into the project's applications.

QuickSwapQUICK

Total value locked

Total value locked

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