QuillShield by the Numbers: 001
We ran the numbers to compare QuillShield to other common auditing solutions like ChatGPT, Audit Wizard, OpenZeppelin Defender, and Solidity Scan.
In web3, security is paramount for developers. As the number of projects grows, so does the potential for security vulnerabilities. Unfortunately, even a single vulnerability can lead to significant financial losses, erode trust in a project, and damage a developer's reputation.
Nowadays, smart contract auditing is no longer optional but a critical step in ensuring the integrity of code. However, not all auditing platforms are created equal. Some offer speed but lack accuracy, while others may detect vulnerabilities but fail to provide practical guidance to fix them.
As an AI agent built for smart contract auditing, QuillShield aims to solve this discrepancy as part of the web3 security infrastructure being built on the QuillAI Network. To exemplify this, we’ve run the numbers to compare QuillShield to other common auditing solutions like ChatGPT, Audit Wizard, OpenZeppelin Defender, and Solidity Scan.
Here’s how it stacked up against the competition.
UnrealStaking
Contract: 0x2Ea7A9524b832DB22cFDC7fF3226B5B12A4eD27f
Overview: UnrealStaking is a DeFi project that enables users to stake tokens and earn rewards over time. It features an Ownable contract for secure ownership transfers and utilizes IERC20 for token interactions.
Analysis: In this audit, QuillShield performed perfectly with full accuracy, offering quick and actionable insights. Audit Wizard detected more vulnerabilities but with lower accuracy, and Solidity Scan’s high vulnerability count came with poor accuracy and unhelpful recommendations.
CustomSwap
Contract: 0xD35077C44A92378099EF4cDb0d430d4069653889
Overview: CustomSwap is a platform for swapping ERC20 tokens. It allows users to create liquidity pools for any token pair, add or remove liquidity, and perform token swaps.
Analysis: Here, QuillShield provided a thorough audit with a solid balance of speed, accuracy, and useful recommendations. Solidity Scan flagged a large number of vulnerabilities but again suffered from low accuracy. OpenZeppelin Defender failed to provide any relevant results in this case.
WETX
Contract: 0xDA318c2B87b5433d2Dbeaeb340778a0B5FFb26C4
Overview: WETX is a DeFi project leveraging the ERC20 standard for tokenomics and PancakeSwap for liquidity and swaps. It introduces features like anti-whale measures, transaction limits, and a unique swap-and-liquify mechanism to maintain liquidity.
Analysis: For this audit, QuillShield yielded the most balanced results, offering solid accuracy and practical recommendations. OpenZeppelin Defender faced significant issues with audit duration. Solidity Scan’s sheer number of vulnerabilities was once again undermined by poor accuracy.
MEMEBULLPOST
Contract: 0x3a47E47dfb97bE71e5853EADA329589F694E69d5
Overview: MEMEBULL is a DeFi project that leverages a unique transaction taxation system to incentivize holding and penalize excessive trading. It implements dynamic buy-and-sell taxes that decrease over time, encouraging early adoption and long-term holding.
Analysis: QuillShield provided strong accuracy and useful recommendations, delivering balanced and relevant results. While Solidity Scan flagged many vulnerabilities, it was very inaccurate. OpenZeppelin Defender once again suffered from a long processing time, making QuillShield the superior choice for efficiency and accuracy for this audit.
Carbify
Contract: 0x51f7c5dbAfC47fC15C77768a35F72C84280cdcAd
Overview: Carbify (CBY) is an ERC20 token with dynamic buy and sell fees. It allows the admin to set addresses as pairs and adjust buy/sell fees. Transactions to/from these pairs incur fees, transferred to a treasury wallet, promoting stability and rewarding holders.
Analysis: QuillShield once again delivered a solid performance, providing highly accurate results quickly. Solidity Scan flagged a large number of vulnerabilities but suffered from very low accuracy, while OpenZeppelin Defender’s lengthy processing time did not yield useful results.
QuillShield: A Leader in Balance and Practicality
Across the five audits featured here, QuillShield consistently identified vulnerabilities quickly and accurately, providing practical recommendations as part of its audit report. The AI agent regularly found a strong balance between vulnerability detection and recommendation quality, making it an ideal choice in terms of efficiency and reliability.
Especially when it came to accuracy, throughout these five audits QuillShield regularly outperformed its four competitors by a noticeable margin. In web3 security, even a slightly more accurate audit could mean the difference between a secure or vulnerable project.
Exemplifying this: while Solidity Scan might identify a vast number more potential vulnerabilities, its low accuracy significantly limits its usefulness. Similarly, ChatGPT-4 can provide fast scans but is often inaccurate, rendering its results less actionable. Others, like Audit Wizard and OpenZeppelin Defender, deliver middle-ground performance but lack consistency in speed, helpfulness, and accuracy.
For smart contract developers seeking fast, accurate, and actionable audits, QuillShield stands out as the most balanced and effective resource among its competitors. But don’t just take our word for it, compare results and run QuillShield audits on your own contracts here for free.