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QuickSwap V3 (Manta) Crypto Exchange Review: Zero Fees, Low Liquidity, and What You Need to Know

QuickSwap V3 (Manta) Crypto Exchange Review: Zero Fees, Low Liquidity, and What You Need to Know Feb, 21 2026

QuickSwap V3 on Manta Network isn't just another crypto exchange. It’s a quiet experiment in radical simplicity: zero trading fees. That’s right - no taker fees, no maker fees, nothing. If you’ve ever paid 0.3% to swap tokens on Uniswap or even on QuickSwap’s own Polygon version, this feels like a glitch in the matrix. But here’s the catch: no one’s using it. At least, not yet.

QuickSwap V3 (Manta) is a fork of Uniswap V3’s concentrated liquidity model, but instead of running on Polygon like its popular sibling, it’s built on Manta Network - a blockchain focused on privacy and scalability using zero-knowledge proofs. This isn’t a marketing gimmick. It’s a real, live DEX. You can connect your wallet, swap tokens, and add liquidity. But if you search for reviews, you’ll find zero user ratings. No forums buzzing about it. No YouTube tutorials. Just a website with a green button that says "Connect Wallet" and a lot of empty space.

How QuickSwap V3 (Manta) Works

At its core, QuickSwap V3 (Manta) uses the same mechanics as Uniswap V3: liquidity providers don’t just deposit tokens across a wide price range. They pick a specific price band - say, between $0.18 and $0.22 for MANTA/ETH - and concentrate their capital there. This makes capital efficiency way higher. If the price stays inside your range, you earn more fees. If it moves outside? Your liquidity stops earning until it comes back.

On Polygon, this system works well because there’s tons of liquidity. On Manta? Not so much. The total value locked (TVL) on QuickSwap V3 (Manta) is under $2 million as of early 2026. Compare that to QuickSwap on Polygon, which holds over $1.2 billion. That’s a 600x difference. Most of the trading volume you see on the Manta version comes from bots or short-term arbitrage, not real users.

Why does this matter? Because concentrated liquidity only shines when there’s enough movement in the price range you’ve chosen. If nobody’s trading MANTA against USDC, your liquidity sits idle. And if you’re trying to swap a rare token? Good luck finding a pool. Out of the 300+ tokens listed on QuickSwap’s main site, fewer than 15 have active pools on Manta.

The Zero-Fee Advantage

Let’s talk about the big draw: zero fees. Most DEXs charge 0.3% per trade. Even Layer 2 chains like Arbitrum and Optimism still charge that. QuickSwap V3 (Manta) cuts it to 0.00%. That sounds amazing - until you realize why.

There’s no fee revenue to pay liquidity providers. No yield farming rewards tied to trading volume. No incentive to lock up your tokens. The platform doesn’t issue its own governance token for this deployment. No QUICK tokens are distributed here. That means liquidity providers get nothing back - not even a reward token. You’re just giving your capital to the chain with no compensation.

This isn’t a business model. It’s a test. Manta Network is trying to prove that a DEX can survive without fees by relying on ecosystem growth. If more projects launch on Manta, if more users start trading MANTA, if liquidity flows in… then maybe they’ll introduce fees later. But right now, it’s a graveyard of empty pools.

A robot tries to fill tiny liquidity pools with a teaspoon while a squirrel watches, as a zero-shaped coin flies away carrying fees.

What You Need to Use It

Using QuickSwap V3 (Manta) isn’t hard - if you already know how to use a DEX. You need:

  • A wallet that supports Ethereum Virtual Machine (EVM) chains - MetaMask, Brave Wallet, or Rabby Wallet work.
  • The Manta Network RPC added to your wallet. You can find the details on Manta’s official docs (though you’ll need to copy-paste them manually).
  • Some MANTA or ETH to pay for gas. Yes, you still pay gas - just not trading fees.
  • Understanding of impermanent loss. Concentrated liquidity can amplify losses if prices swing too far.

Here’s where it gets messy: if you want to bring tokens from Ethereum or Polygon over, you need to use Manta’s cross-chain bridge. That’s a separate step. You lock your ETH or USDC on Polygon, wait 10-20 minutes, then claim it on Manta. It’s not instant. It’s not seamless. And if you mess up the bridge, you can lose funds.

There’s no UI for monitoring your liquidity positions like Gamma or DeFiLlama offers for Polygon. You’re on your own. No alerts. No analytics. No dashboard that tells you when your price range is about to get hit.

Who Is This For?

This isn’t for beginners. It’s not even for intermediate DeFi users.

It’s for:

  • Researchers testing privacy-focused DeFi
  • Developers building apps on Manta Network
  • Early adopters who believe in Manta’s zero-knowledge tech
  • People who want to experiment with zero-fee trading - and accept zero returns

If you’re looking to earn yield, swap daily tokens, or make a quick trade - look elsewhere. QuickSwap V3 (Manta) doesn’t offer liquidity mining, staking, or rewards. There’s no dQUICK token here. No governance votes. No community incentives.

It’s a bare-bones DEX. No frills. No safety net. Just the raw mechanics of Uniswap V3 running on a blockchain that’s still finding its footing.

A cartoon wallet walks across a desert of abandoned trading pairs, past signs saying 'No Takers', toward a lone MANTA token cactus.

The Bigger Picture: Manta Network’s Role

QuickSwap V3 (Manta) isn’t the main event. It’s a side project. Manta Network itself is trying to become the go-to chain for private DeFi. It’s not trying to beat Ethereum. It’s trying to be the chain where you can trade without revealing your balance or history.

The MANTA token - currently trading around $0.21 as of February 2026 - has a market cap of $92 million. That’s small, but growing. Over the last 30 days, MANTA has gained 18%. That’s not a bubble. It’s steady interest from privacy-focused investors.

QuickSwap V3 (Manta) is one piece of that puzzle. If Manta attracts more DeFi protocols, more wallets, more users - then this DEX could become meaningful. But right now, it’s a ghost town.

Real Talk: Should You Use It?

Here’s the truth:

  • If you’re curious - go ahead. Connect your wallet. Swap 0.1 ETH for MANTA. See how it feels. It won’t cost you anything.
  • If you want to earn - don’t. There’s no yield. No rewards. No token incentives.
  • If you’re a liquidity provider - don’t lock up more than you can afford to lose. The pools are thin. The risk is high. The reward is zero.
  • If you’re looking for a reliable DEX - stick with QuickSwap on Polygon, Uniswap on Ethereum, or even PancakeSwap on BSC. They have volume, support, and rewards.

QuickSwap V3 (Manta) isn’t broken. It’s just… empty. Like a new restaurant with a great menu but no customers. The food is there. The kitchen is open. But you’re the only one eating.

The future of this DEX depends entirely on Manta Network’s growth. If Manta becomes a top 20 blockchain by TVL by 2027, this exchange will matter. Until then? It’s a fascinating experiment - but not a practical tool.

Is QuickSwap V3 (Manta) safe to use?

Yes, technically. The code is open-source and audited, just like Uniswap V3. But safety here isn’t about code - it’s about liquidity. If you swap tokens, you’re fine. If you provide liquidity, you risk impermanent loss with no rewards. There’s no insurance, no team to contact, and no community support. Use it at your own risk.

Can I earn rewards on QuickSwap V3 (Manta)?

No. Unlike QuickSwap on Polygon, which distributes QUICK tokens as rewards, the Manta deployment has no tokenomics. There are no liquidity mining programs, no staking, and no governance incentives. You trade for free - but you earn nothing.

How is QuickSwap V3 (Manta) different from QuickSwap on Polygon?

QuickSwap on Polygon has over $1.2 billion in liquidity, thousands of daily users, and active reward programs. QuickSwap V3 (Manta) has under $2 million, almost no users, and zero rewards. Both use the same Uniswap V3 tech, but Polygon’s version is a fully functioning exchange. Manta’s is a prototype.

Do I need MANTA tokens to use QuickSwap V3 (Manta)?

You don’t need MANTA to swap, but you do need it to pay gas fees. The Manta Network uses MANTA as its native gas token. You can also use ETH or USDC if you bridge them over, but gas is still paid in MANTA. So yes - you’ll need some MANTA just to make a single trade.

Why is there no user feedback on QuickSwap V3 (Manta)?

Because almost no one is using it. As of early 2026, there are zero verified user reviews across all major platforms. The lack of feedback isn’t because it’s bad - it’s because there’s nothing to review. It’s a DEX with no traffic, no volume, and no reason for users to show up.

If you’re still wondering whether to try QuickSwap V3 (Manta), here’s the bottom line: it’s not a place to make money. It’s a place to watch the future. If you believe in privacy-focused blockchains and think Manta has a shot - go ahead, swap a little, see how it feels. But don’t expect it to replace your main DEX. Not yet.