DEX｜Weekly Brief 2.17-3.2(EN) - Dr. DODO is Researching

Part 1. DEX Updates

— Key Takeaways —

💡 Sushiswap launched Sushi Studios.

💡 Uniswap launched a proposal to deploy to Avalance and KAVA.

💡 1inch released the Rabbit Hole update, focusing on incorporating Uniswap's liquidity pool into MEV protection.

💡 In terms of trading volume, the overall trading volume of the market in the past two weeks has slightly increased compared with the previous two weeks. Velodrome and DODO performed very well, with a significant increase in trading volume. Other exchanges that performed better on a month-to-month basis include Trader Joe and Kyberswap; exchanges that performed poorly include Canto DEX and Curve.

— DEX Roundup —

Balancer

Released a new liquidity pool type, Generalized Boosted Pools, to improve the capital utilization efficiency of the pool.

Paraswap

Access to the liquidity of Hashflow.

— Market Overview —

QuickSwap

Quickswap released a new website UI.
The popularity of Polygon has picked up, which has led to an increase in the trading volume of Quickswap.

SpookySwap

The TWAP Trading function is launched. The TWAP strategy refers to dividing larger orders into smaller quantities and regularly executing assets at desired prices over time to minimize the impact of large orders on the market.

Uniswap

Launched a proposal to deploy Uniswap on Avalanche and KAVA.
In the past two weeks, the function of "purchasing NFT with any ERC20 token" has been highlighted in the market.

Sushiswap

Launched Sushi Studios.
Announcing a partnership with @OpenLeverage (leverage & lending platform). Open Leverage will use $OLE tokens for farming and allow any token on sushi to do collateral lending with them.
It is planned to launch an aggregator to improve the trading experience.

1inch

Added "abstain" option to DAO governance voting.
Published a Rabbit Hole update focused on incorporating Uniswap's liquidity pools into MEV protection.
In cooperation with @bloktopia (polygon's metaverse), 1inch has settled in.

Part 2. Data Tracking

Trading Volume and Market Share Analysis

In terms of trading volume, the overall trading volume of the market in the past two weeks has slightly increased compared with the previous two weeks. Velodrome and DODO performed very well, with a significant increase in trading volume. Other exchanges that performed better on a month-to-month basis include Trader Joe and Kyberswap; exchanges that performed poorly include Canto DEX and Curve.

Source: Coingecko

In terms of market share, the top three DEXs were: Uniswap, Pancakeswap, and DODO. Uniswap's market share did not change much. Pancakeswap rose to second place; DODO rose to third place; Curve fell to fourth place, and Balancer remained fifth. Other exchanges that performed better include Canto DEX, Trader Joe, etc.

Source: Coingecko

The Aggregator share of DEX volume on Ethereum had a significant increase with a high volatility these two weeks, from 20.3% to 28.9%.

Source: Dune Analytics

Whale Watch

Compared with the previous two weeks, large-scale, medium-scale and small-scale transactions remained the same.

Source: Dune Analytics

Part 3. Project Analysis

Radiant

Radiant is the native lending protocol of the Arbitrum ecosystem.
Radiant is currently the best performing lending protocol in Arbitrum with the highest TVL.
In the V2 version, Radiant will realize the native cross-chain through LayerZero, and adjust the token economic model, adjust the native tokens to be released and unlocked linearly, and optimize the dividend mechanism.