QuickSwap Achieves Record Token Burns, Becomes Most Deflationary DEX
QuickSwap Achieves Record Token Burns, Becomes Most Deflationary DEX
🔥 DEX Burns More Than Mint
QuickSwap's native token $QUICK has reached a significant milestone in its tokenomics:
- Total burned to date: 26,736,715 QUICK
- Current daily burn rate: 208,129 QUICK
- Daily emission rate: 195,650 QUICK
The protocol is now consistently burning more tokens than it emits, making it officially deflationary. This burn rate has been steadily increasing since early April, when it first crossed the deflationary threshold at 199,429 QUICK burned per day.
These metrics establish QuickSwap as the most deflationary decentralized exchange globally.
$QUICK is officially deflationary 🔥 Over the past week: • 199,429 QUICK burned per day • 195,650 QUICK emitted per day More going out than coming in — and that’s just the beginning.
26,736,715 $QUICK have been bought back and burned to date 🔥 • 208,129 QUICK/day burned in the last month • 195,650 QUICK/day emitted in the last month QuickSwap is the most deflationary DEX in the world. Let that sink in.
QuickSwap Hits $1.5B Monthly Volume on Polygon PoS
QuickSwap has achieved a significant milestone on Polygon PoS, recording **$1.5 billion** in trading volume over the past 30 days. This represents a substantial increase from October 2024's volume of $961 million. Key points: - 56% growth in trading volume over 9 months - Demonstrates growing adoption of layer-2 solutions - Highlights Polygon PoS's scaling capabilities This volume increase suggests continued momentum in decentralized trading on Polygon's ecosystem.
QuickSwap Enhances User Experience with Reown AppKit Integration
QuickSwap has implemented Reown AppKit to streamline DEX access through WalletConnect. The integration enables: - **Instant wallet authentication** without passwords - **No redirect** requirements - **Seamless login** experience This follows Rootstock's successful implementation of Reown AppKit SDK earlier this year, which brought frictionless wallet connections to their platform. The update represents a significant step toward simplifying DeFi accessibility while maintaining security standards.
QuickSwap Considers AI Integration Through SphereOne Partnership
QuickSwap has opened discussions for a new governance proposal to integrate AI agents through SphereOne technology. This marks the DEX's second major AI-related governance proposal, following their earlier Community Currency Bot initiative. Key points: - Proposal aims to enhance DEX functionality with AI capabilities - Integration would be implemented through SphereOne's technology - Community voting and discussion phase now active The proposal is currently in its discussion phase, with community members invited to share their perspectives on the potential integration. This follows QuickSwap's pattern of community-driven decision making for major platform updates.
QuickSwap Token Burn Update - November 2024
QuickSwap's ongoing Trial of Fire initiative has reached a significant milestone in its token burning program: - Total of **5,310,829 QUICK tokens** burned since October 1, 2024 - Tokens were bought back using protocol revenue - Represents continued execution of deflationary tokenomics This follows the October update which reported 1.5M tokens burned, showing accelerated burning activity through November.
QuickSwap Community Approves BitTorrent Chain Deployment
QuickSwap's community has voted in favor of deploying on the BitTorrent Chain (BTTC). This decision marks the beginning of an official collaboration between QuickSwap and BitTorrent. Key points: - Voting concluded on October 10, 2024, at 8:30 AM UTC - Chain deployment is expected to commence soon - This move is part of QuickSwap's expansion strategy The integration with BitTorrent Chain represents Phase 1 of the partnership. QuickSwap is encouraging community speculation on what Phase 2 might entail. For those interested in tracking $QUICK token burns, a link to the Polygonscan contract is available.