QuickSwap expands DeFi services by building on Base

QuickSwap, the decentralized exchange that made its name on Polygon, has officially planted its flag on Base, Coinbase’s Layer 2 network. The move transforms what started as a single-chain swap platform into something considerably more ambitious: a multi-chain DeFi hub operating across more than eight EVM-compatible networks.

A governance proposal authorizing the Base deployment passed on May 13, 2025, with the mainnet launch following by mid-2025.

Why Base, and why now

The platform now offers its full suite of services on the network: token swaps, concentrated liquidity positions through its V3 implementation, yield farming, staking, and perpetual trading. That’s a complete deployment of the DragonFi ecosystem, which is the umbrella brand QuickSwap now operates under.

QuickSwap has also integrated Base Smart Wallet functionality, which lowers the barrier for Coinbase users who might be interacting with DeFi for the first time.

The bigger picture for QuickSwap

At its peak, the platform’s total value locked exceeded $1.5B, with lifetime trading volumes reaching into the hundreds of billions.

After a 1:1000 redenomination in 2022, the QUICK token trades at roughly $0.008, carrying a market cap of around $6.3M.

Revenue from the protocol feeds into QUICK token buybacks and burns, a mechanism designed to align the interests of token holders with the platform’s growth. DAO proposals extend to technical innovations like capturing miner extractable value, or MEV, the profits that can be extracted from reordering transactions within a block.

The expansion to Base also follows QuickSwap’s deployment on Immutable zkEVM, a blockchain focused on gaming.

What this means for investors

The DEX landscape in 2025 is brutally competitive. Uniswap dominates mindshare. Aerodrome has carved out a strong position natively on Base. PancakeSwap spans multiple chains.

The $6.3M market cap either represents a deeply undervalued protocol relative to its operational reach, or it reflects the market’s skepticism about whether multi-chain expansion translates into sustainable revenue.

The MEV capture initiatives currently moving through QuickSwap’s governance process could be a meaningful differentiator. A DEX that minimizes MEV extraction and channels recovered value back to token holders has a genuine competitive moat if it can deliver on the technical complexity involved.

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