Quickswap
QUICK
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
QuickSwap (QUICK) scores 4.55 overall based on weighted section evaluations. The protocol demonstrates ongoing active development with recent SDK releases in 2026 and structured DAO governance on Snapshot. However, it faces major headwinds across community, tokenomics, and market dynamics. Community engagement metrics remain low, and on-chain records show an Ethereum contract migration that left a fragmented, micro-scale holder base. Tokenomics are strained by continuous farming emissions without deflationary burn mechanisms, paired with a small market capitalization of ~$6M and thin liquidity. Security is marked by limited third-party audits and a historic, remediated flash loan exploit in October 2022 (~$220K loss). Because the token has undergone contract migration and redenomination, users should exercise extreme caution.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Quickswap (QUICK)
QuickSwap (QUICK) is a decentralized exchange (DEX) and automated market maker (AMM) whose token has undergone a contract migration and redenomination. Launched in 2021 as a Uniswap V2 fork primarily on Polygon PoS, QuickSwap has expanded its deployments to multiple networks, including Polygon zkEVM, Ethereum, Base, Dogechain, and Manta Pacific. The platform provides decentralized trading, liquidity pooling, and yield farming, governed by a decentralized autonomous organization (DAO) via Snapshot.
The QUICK token has a total supply of 1 billion tokens distributed under a fair-launch model with no seed rounds and a 4% insider allocation. The token's primary utilities are governance participation and staking in the Dragon's Lair pool. Its tokenomics face inflationary pressure from continuous farming emissions, which account for 90.9% of the supply, without offsetting burn or buyback mechanisms. Documentation and public analytics also reflect an unexplained supply discrepancy of approximately 45 million tokens between official records and DeFiLlama. Furthermore, the identities and credentials of the core development team are not publicly disclosed.
In October 2022, QuickSwap experienced a security incident where an attacker utilized a flash loan to manipulate pool prices on the integrated Market XYZ lending market, draining approximately $220,000. QuickSwap remediated the issue by permanently closing the lending function, though the funds were laundered through TornadoCash and never recovered. The project has also experienced a substantial unrecovered price drawdown from its historical all-time high, alongside low active community engagement following its Ethereum contract migration.