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 Active users (daily) Methodology

## 1. Overview

Active users (daily) measures the number of unique addresses that perform revenue-generating transactions on QuickSwap within a 24-hour window. This metric includes users interacting with QuickSwap V2 and QuickSwap V3 across multiple decentralized exchange products, specifically focusing on trading and flash loan activities. Active users (daily) serves as a key indicator of protocol adoption, user engagement, and the overall health of the liquidity ecosystem.

## 2. Data sources

- **Blockchain events**: `Swap` and `Flash` events from `Pool` contracts, and `Swap` events from `Pair` contracts, covering Polygon, Manta, and Base
- **External data**: Asset metadata for identifying denylisted trading pairs

## 3. Step-by-step calculation

### Component A: QuickSwap V2 and QuickSwap V3 trade activity

- **Purpose**: Identify unique users performing asset swaps on the exchange.
- **Logic**: `Swap` events are extracted from `Pair` contracts for QuickSwap V2 and `Pool` contracts for QuickSwap V3. These events are joined with transaction data to identify the transaction signer as the active user. Transactions involving denylisted trading pairs are excluded to ensure data quality and focus on supported liquidity pools.
- **Key fields**: `transaction_hash` (transaction identification), `from_address` (user identification), `account_address` (contract identification)

### Component B: QuickSwap V3 flash loan activity

- **Purpose**: Identify unique users utilizing flash loan infrastructure.
- **Logic**: `Flash` events are extracted from `Pool` contracts for QuickSwap V3. Similar to trade activity, these events are joined with transaction data to extract the transaction signer. Transactions associated with denylisted trading pairs are filtered out of the dataset.
- **Key fields**: `transaction_hash` (transaction identification), `from_address` (user identification), `account_address` (contract identification)

### Component C: Daily unique aggregation

- **Purpose**: Consolidate user activity into a single daily metric.
- **Logic**: A union is performed across all identified user addresses from trade and flash loan activities. The resulting dataset is truncated to daily granularity based on UTC timestamps. Unique addresses are counted once per day, per chain, and per product to arrive at the final active users (daily) value.
- **Key fields**: `block_timestamp` (timing), `user_address` (unique identifier), `chain` (network identification)

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

Unique revenue-generating users over a fixed 24-hour window.

QuickSwapQUICK

Active users (daily)

Active users (daily)

Competitive landscape

Chain breakdown