QuickSwap Token Maintains Strong Deflationary Trend

QuickSwap has implemented Reown AppKit to streamline DEX access through WalletConnect. This integration enables: - **Instant wallet authentication** without passwords - **No redirect** requirements - **Seamless login** experience The update follows Rootstock's successful implementation of Reown AppKit SDK earlier this year, which brought frictionless wallet connections to their platform. This development represents a significant step in reducing friction in DeFi interactions while maintaining security standards.

QuickSwap continues its token burn initiative with significant progress. The protocol has now burned over 51 million $QUICK tokens, representing more than 5% of the total supply. This milestone follows the previous burn of 50 million tokens reported in June, demonstrating the protocol's ongoing commitment to reducing token supply. **Key Points**: - Over 51M $QUICK tokens burned - Represents >5% of total supply - Consistent burn progress since June

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'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'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.