Quickswap β Statistical Analysis
With $507.3M TVL and ~$1.05B 30d volume (2.07x TVL/month), Quickswap shows mature liquidity depth but inconsistent short-term volume signals (reported -98.80% 1d).
Updated: Β· Data Window: 24h / 7d / 30d (varies by metric availability)
1. Market Overview
TVL stands at $507.3M (+0.87% 24h), placing the protocol in a large-liquidity regime; CoinGecko TVL ($533.7M) is +$26.4M (+5.2%) higher, while GT pool reserves ($500.8M) are -$6.5M (-1.3%) vs TVL. Trading activity is substantial on GT with $50.2M 24h volume, 810,447 24h tx, and 237,075 estimated active users.
2. Capital Efficiency
Turnover is strong on a 30d basis: $1.05B / $507.3M = 2.07x monthly, implying ~0.069x/day average (if evenly distributed). Weekly turnover is $232.6M / $507.3M = 0.46x. However, the reported 24h volume $650.0K implies only 0.13% daily turnover, conflicting with Market Activity ($56.3M) and GT ($50.2M) which imply ~9.9%β11.1% daily turnoverβsuggesting data-source or routing/aggregation coverage differences that materially affect real-time efficiency readings.
3. Liquidity & Pair Spread
The venue lists 200 coins across 292 pairs, or 1.46 pairs/coin, indicating a relatively broad listing set but not a dense cross-pair mesh. Average liquidity proxy is $507.3M / 292 β $1.74M TVL per pair, but GT top pairs (e.g., LGNS/DAI, AS/DAI, USDC/WETH) imply concentration in a subset. Microstructure is retail-sized: $50.2M / 810,447 β $61.9 per tx and $50.2M / 237,075 β $212 per active user (24h).
4. Chain Dominance
TVL is overwhelmingly on Polygon: $507.2M (β99.97%), with Base: $161.3K (β0.03%)βa near-single-chain deployment. This concentration reduces multi-chain diversification benefits (cross-chain flow capture) but supports deeper same-chain liquidity and typically tighter execution for Polygon-native flows.
5. Analyst Verdict
Fee generation is meaningful over longer windows: $3.4M fees (30d) and $877.7K (7d), implying an effective fee rate of ~0.324% (30d: 3.4M/1.05B) and ~0.377% (7d: 877.7K/232.6M). Revenue capture is lower: $574.7K revenue (30d) = ~16.9% of fees, annualizing to ~$7.0M or ~1.4% of TVL (vs gross fee run-rate ~8.1% of TVL). Token valuation is compressed with MCap/TVL 0.01 and FDV/TVL 0.02; price is ~95.6% below ATH ($0.0102 vs $0.2298). Risk controls are moderate with 3 audits but Trust Score N/A; combined with the reported -98.80% 1d volume change, near-term traction signals warrant monitoring despite strong liquidity scale.