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Notice. This is research and analysis, not investment advice. Pattern match scores are not investment ratings. Full disclaimer

QuickSwap

$QUICK
Tier 2DEXDigital Assets
Polygon's dominant DEX with $397M TVL and a $6.5M market cap, creating a 61x TVL/MCap ratio. QuickSwap V3 concentrated liquidity drives capital efficiency.
FDV$60M
Circulating14%
TVL$397M
Price
$0.007579
Market Cap
$5.1M
Volume 24h
$362.3K
Updated
Jul 14, 2026
62
Pattern match score
out of 100
Working Code (85)Dev Activity (55)Smart Money (45)Community (55)Catalyst (50)Narrative (40)Valuation Gap (80)Obscurity (70)
Working Code
85
Dev Activity
55
Smart Money
45
Community
55
Catalyst
50
Narrative
40
Valuation Gap
80
Obscurity
70

Value accrual

How much revenue reaches the token, and whether an equity class sits above it

Revenue to token
~40% (burn)
Revenue multiple
~5x
Structure
Single token

Under DragonFi 2.0, QuickSwap uses about 40% of protocol revenue to buy back and burn QUICK. The rest funds LP farming and treasury.

The old dQUICK fee share is largely deprecated. On the roughly 40% the token captures, the multiple is near 5x.

Compare QuickSwap on the revenue distribution trackerSource

Last updated Jul 14, 2026

Thesis

QuickSwap is the leading decentralized exchange on Polygon, processing the majority of DEX volume across the system. Built as a Uniswap V3 fork with concentrated liquidity, QuickSwap V3 (DragonFi) offers capital-efficient trading with near-zero gas fees on Polygon PoS. The protocol's $458M TVL at $8.3M market cap represents one of the most extreme TVL/MCap ratios in DeFi at 55x. This undervaluation stems from Polygon's broader system decline, but the chain still maintains $1.2B+ in total TVL and processes meaningful stablecoin volume. QuickSwap has expanded beyond simple token swaps into concentrated liquidity vaults (via Gamma Strategies integration), perpetual futures (QuickPerps), and yield farming aggregation. The QUICK token captures 0.04% of all trading fees through a buyback mechanism. The investment thesis depends heavily on Polygon's system recovery. If Polygon zkEVM gains traction, or if AggLayer drives cross-chain composability, QuickSwap benefits as the primary DEX. The risk is that Polygon continues losing TVL to Base, Arbitrum, and Solana, dragging QuickSwap down with it.

Catalysts

  • +Polygon AggLayer driving cross-chain DEX volume
  • +QuickPerps perpetual futures launch
  • +Polygon zkEVM system growth

Risks

  • -Polygon system TVL declining to Base and Arbitrum
  • -Competition from Uniswap V4 deployment on Polygon
  • -QUICK token has low trading liquidity

Common questions

What is QuickSwap's price and market cap?

QuickSwap (QUICK) trades near $0.007579 with a market cap around $5.1M. Daily volume runs near $362.3K. These figures refresh daily from live market data.

What could drive QUICK higher?

Polygon AggLayer driving cross-chain DEX volume QuickPerps perpetual futures launch Polygon zkEVM system growth

What are the main risks of holding QUICK?

Polygon system TVL declining to Base and Arbitrum Competition from Uniswap V4 deployment on Polygon QUICK token has low trading liquidity

Is QUICK undervalued?

Early Thunder's valuation gap signal puts QuickSwap at 80 out of 100, where a higher number means a wider gap between the current price and what the fundamentals suggest. The thesis and competitive sections above show the full read.

Does QuickSwap earn revenue for token holders?

About ~40% (burn) of protocol revenue reaches QUICK, at roughly a ~5x revenue multiple. Under DragonFi 2.0, QuickSwap uses about 40% of protocol revenue to buy back and burn QUICK. The rest funds LP farming and treasury.

Does QuickSwap have a dual token and equity structure?

QuickSwap is a single-token structure, with no private company holding equity above the token.

Risk Disclosure

QuickSwap ($QUICK). Digital assets are highly volatile and can lose 100% of their value. Past patterns do not predict future results. Always do your own research and consult a qualified advisor before investing.