Over the last few years, new Layer 2s have been emerging with solid fundamentals, use cases, and hype. As part of its strategy, QuickSwap has positioned itself to capitalise on building across and establishing itself as a leader on many of these hot new chains, recently including Soneium, Somnia, Immutable zkEVM, and others.
Base, Coinbase’s flagship EVM Layer 2, went on an absolute tear only a few months after its launch in August 2023 and has been continuing to astronomically grow ever since in TVL, volume, users, and builders.
QuickSwap sees an opportunity to expand into the Base ecosystem and establish itself as a powerful force on the chain, continuing to push itself as the most community-friendly DEX and replicate its competitive advantage and strategy that helped build the Polygon community.
This governance proposal has been presented for the dragon community to decide if QuickSwap should expand to Base. Polygon will continue to be a focus for QuickSwap - this proposed launch on Base is for the DEX to deploy and establish itself as a leader on another thriving ecosystem.
Next Steps:
- To begin, the governance discussion on the official QuickSwap Reddit will run until Monday, May 19 at 4:00 PM UTC
- Once the Reddit discussions finish, a formal Snapshot vote will begin and run until Friday, May 23 at 4:00 PM UTC
- Once you’ve read this entire blog post, make sure to visit the official QuickSwap Reddit discussion forum to share your perspective with your fellow community members
Why Base?
Overall usage for Base has been on an upward trajectory since its initial launch less than 2 years ago. Despite a challenging and turbulent market for many Layer 2s and altcoins, Base’s TVL, volume, and user base have continued to grow and capture significant mindshare from a social and on-chain perspective.
The chain also has over 430 million unique addresses, which is growing at an even faster pace recently (almost doubling in only 5 months since December 2024).
Daily transactions on Base are also high, recently averaging between 7 to 11 million over the last month or so (recent spike in the last few days). This demonstrates that there’s high interest and demand for Base from traders, despite poor market conditions in 2025.
QuickSwap’s Opportunity
The Base ecosystem’s performance has been nothing short of impressive. If QuickSwap were to expand to this network, it has the potential to capture a large portion of its user base and volume/TVL, especially with an all inclusive community focus by supporting not only the large, established blue chip projects but also a big focus on community projects.
Couple that with strong incentives, a powerful UI/UX, endless partnerships, and other advanced DeFi features in its suite, and QuickSwap has a huge opportunity to make a massive impact in the Base ecosystem.
It’s also important to recognise that Base is attracting many large, promising projects and builders on its chains. It’s become a hub for AI Agents, RWA infrastructure, games, stablecoins, and more - meaning QuickSwap could become a home for these projects and support them along the way.
As the market is showing some signs of a potential recovery and enthusiasm picks up, QuickSwap would look to launch on Base as soon as possible.
What would be available for QuickSwap users on Base at launch? To start, the classic swaps, LP, and farming - plus decentralised perpetuals trading in the future.
Plus many more opportunities to come as QuickSwap collaborates with the teams and buildooors in the Base ecosystem.
They say Base is for everyone. Time to bring the dragons in?
QUICK Token on Base
As part of this new launch/expansion, the QUICK token will also be deployed on the Base chain.
This means QUICK would be available for trading on Base, Polygon PoS, and Ethereum. Part of QuickSwap’s goal will be to build up trading volume and liquidity for the token on Base, in addition to exploring other avenues of incentives for holders, such as syrup pools.
An expansion would also mean a potential stronger shift in focus to the Dragon’s Lair on Base.
Large Incentives For Early Users
If QuickSwap were to deploy on Base, early liquidity providers (LPs) would receive LP mining rewards in addition to swap fees. These incentives/emissions will be deployed in an effort to help attract early users on the chain and build liquidity/volume.
Select pairs that will receive these emissions are TBD but will mostly be focused on blue-chip assets and other popular tokens within the Base ecosystem.
As QuickSwap continues to grow its presence on Base, and particularly if the DEX performs well on the chain, there is potential for large amounts of rewards to come for LP pairs.
Join the Discussion
As always, QuickSwap community members are encouraged to participate in and contribute to QuickSwap governance discussions and proposals across all of QuickSwap’s online forums, especially on Reddit. As a Dragon, you are a valued community member and your opinion matters – but you have to participate in community voting procedures to make it count.
Critical decisions guiding QuickSwap’s strategic development will always be determined by way of decentralised governance. QuickSwap’s future is in your hands, so make your voice heard!