Quickswap Exchange Trade Data

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Quickswap API

Source type
Volume 24h
$ 547,438.275
Pairs available
Trades 24h
Exchange Information

What is Quickswap?

Quickswap is a decentralized exchange (DEX) built on the Polygon network. It allows users to trade Ethereum tokens with low fees and fast transaction times. Quickswap was founded in 2021 by a team of developers. The name "Quickswap" reflects its focus on providing quick and efficient token swaps. It has gained popularity due to its user-friendly interface and the benefits of operating on the scalable Polygon network.

What are the benefits of using Quickswap?

Quickswap is a decentralized exchange (DEX) built on the Polygon network, offering several benefits compared to its direct competitors. One key advantage of using Quickswap is its fast transaction processing times and low fees. The integration with Polygon allows for near-instantaneous transactions, enabling users to trade assets swiftly and efficiently.

Another benefit of Quickswap is its liquidity. Being a popular DEX on the Polygon network, Quickswap attracts a significant amount of liquidity, ensuring that users can easily trade their assets without experiencing slippage or liquidity constraints. This liquidity advantage sets Quickswap apart from its direct competitors, making it an attractive option for traders and liquidity providers alike.

Additionally, Quickswap supports a wide range of tokens, including both popular and emerging cryptocurrencies. This diverse token selection gives users the opportunity to access a variety of assets for trading, providing them with more options compared to other DEXs.

Furthermore, Quickswap offers yield farming opportunities through its farms and pools. By participating in these farming programs, users can earn attractive rewards in the form of additional tokens or fees generated by the platform. This additional earning potential makes Quickswap an appealing choice for users looking to maximize their returns.

Overall, Quickswap's benefits, such as fast transaction processing, low fees, robust liquidity, diverse token selection, and yield farming opportunities, position it as a competitive choice among DEXs on the Polygon network and beyond.

How does Quickswap work?

Quickswap is a decentralized exchange (DEX) built on the Polygon blockchain. As a DEX, Quickswap enables users to swap and trade cryptocurrencies directly from their wallets without the need for intermediaries.

Quickswap utilizes the Automated Market Maker (AMM) model, which relies on liquidity pools rather than traditional order books. Users can provide liquidity to these pools by depositing their tokens, and in return, they receive liquidity provider (LP) tokens. These LP tokens represent their share of the pool and can be used to claim a portion of the trading fees generated by the platform.

The underlying technology behind Quickswap is powered by smart contracts deployed on the Polygon blockchain. Smart contracts are self-executing agreements with the terms of the agreement directly written into lines of code. They automatically execute transactions once the predetermined conditions are met. In the case of Quickswap, the smart contracts facilitate the swapping of tokens, the calculation of exchange rates, and the distribution of trading fees to liquidity providers.

The Polygon blockchain, previously known as Matic Network, is a layer 2 scaling solution connected to the Ethereum network. It offers faster and cheaper transactions compared to the Ethereum mainnet. Quickswap leverages the benefits of the Polygon blockchain to provide users with a seamless and cost-effective trading experience.

In summary, Quickswap is a decentralized exchange built on the Polygon blockchain that utilizes smart contracts and liquidity pools to facilitate token swaps and trading. It offers users a convenient and efficient way to trade cryptocurrencies while benefiting from the advantages of the Polygon network.

How does DIA fetch Quickswap trade data?

DIA fetches trade data from Quickswap, a decentralized exchange (DEX) built on the Polygon network, by leveraging its comprehensive data management strategy. When it comes to scraping trade data from DeFi and NFT exchanges, DIA follows different processes depending on the type of exchange.

For centralized exchanges like Coinbase, Kraken, and Binance, DIA uses scrapers to directly collect trades from the exchange databases. This is accomplished by utilizing Rest APIs or WebSocket APIs, allowing for the frequent retrieval of data, with frequencies varying from 1 to 7 seconds, depending on the exchange.

In the case of decentralized exchanges, DIA collects data from various blockchains by subscribing to swap events in liquidity pools. This approach enables DIA to retrieve trading data directly from the blockchain, ensuring data accuracy. Examples of decentralized exchange sources include Uniswap, curve.finance, and PancakeSwap.

When it comes to NFT marketplaces, DIA captures live trading data by retrieving information from smart contracts integrated with the marketplaces. The retrieval period for NFT trades ranges from 20 seconds to 1 minute, covering real-time transactions on DIA's supported NFT marketplaces. By focusing on the actual transactions rather than unreliable bids and offers, DIA provides highly precise data. Notable NFT integrated exchange sources include Blur, X2Y2, OpenSea, and TofuNFT.

This comprehensive data management strategy employed by DIA ensures the accuracy and customizability of their price feeds, allowing users to access reliable trade data from exchanges like Quickswap.

How build oracles with Quickswap data?

When building price feed oracles with Quickswap trade data, DIA follows a specific process depending on the type of exchange we're referring to, whether it's DeFi or NFT.

For DeFi exchanges, the process starts with data cleaning and outlier detection to ensure that the price estimation is resilient against trades that divert from the current market price. This step involves removing outliers and trades outside of an acceptable range using an Interquartile Range (IR) filter. After the data is cleaned, DIA applies price determination methodologies such as Volume Weighted Average Price (VWAP) or Moving Average with Interquartile Range Filter (MAIR). These methodologies calculate a single USD price value based on the collection of trades in a block, either weighted by volume or averaged over a time range.

On the other hand, building price oracles for NFT collections involves a different process. The on-chain trade data is first processed through cleansing filters to exclude market outliers and manipulation techniques. Then, a pricing methodology is applied to determine the final price point. DIA offers methodologies such as Floor Price, which provides the lowest sale price of an NFT collection recorded on the blockchain, and Moving Average of Floor Price, which returns the moving average of a collection's floor price.

It's worth noting that market manipulations, such as wash trading and sweeping the floor, can impact the floor price of NFT collections. To address this, DIA applies an interquartile range outlier detection filter to filter out malicious behavior.

Overall, DIA employs a combination of data cleaning, outlier detection, and specific price determination methodologies to build price feed oracles using Quickswap trade data for both DeFi and NFT exchanges.

How does DIA source price oracle data?

Instead of distributing pre-calculated data feeds, DIA covers the whole data journey from individual trade collection, and computation to the last mile of the feed delivery.

Granular trade data collection
DIA retrieves token and NFT tradign data from 100+ exchanges. This enables DIA to build the most precise and customizable price feed oracles.
Instant, direct sourcing
DIA utilizes RPCs and WebSockets to subscribe to swap events and gather trading data from both DEX liquidity pools and CEX databases, allowing for real-time data collection.
Learn more about data sourcing