QuickSwap DEXMicro-cap

QuickSwap DEX receives a B risk grade (26/100) from Hindenrank, where lower scores indicate lower risk. Moderate risk — proven AMM fork with 4+ year track record, now in architectural transition to V4 hooks without disclosed audit, balanced by multi-chain expansion and markedly improved token economics under DragonFi 2.0. QuickSwap is Polygon's flagship decentralized exchange with $455M in TVL, operating since 2020 across 10+ EVM chains. Its B grade reflects a major architectural upgrade to V4 (Algebra Integral) with hook-based fee customization, active Base deployment ($3.5M TVL, $346M+ cumulative volume), and a transformative tokenomics overhaul (DragonFi 2.0 stopped all QUICK emissions and redirected 40% of revenue to burns and 50% to staking rewards). No new security incidents in 2025-2026. The V4 upgrade was deployed without a publicly disclosed audit, which is the primary near-term risk.

The key risks identified for QuickSwap DEX are: (1) QuickSwap's V4 upgrade introduced a new hook-based smart contract system without a publicly disclosed security audit — users should be aware that novel, complex code typically carries higher exploit risk until independently reviewed. (2) The QUICK governance token has a very small market cap (~$9.8M) compared to the $455M TVL it governs, which makes governance control theoretically cheap relative to the assets secured. (3) QuickSwap operates across 10+ blockchains, which spreads liquidity and introduces dependency on each chain's bridge security — a bridge compromise on any supported chain could affect assets traded on QuickSwap.

QuickSwap DEX scores 26/100 across eight risk dimensions: Mechanism Novelty: 2/15, Interaction Severity: 5/20, Oracle Surface: 2/10, Documentation Gaps: 4/10, Track Record: 3/15, Scale Exposure: 5/10, Regulatory Risk: 2/10, Vitality Risk: 3/10. The highest risk area is Scale Exposure at 5/10.

Among 112 rated DEX protocols on Hindenrank, QuickSwap DEX ranks #25 by safety (lowest risk score = safest). Its 26/100 risk score and B grade place it among the safer DEX protocols.

QuickSwap DEX scores 3/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.