Part 1. DEX Updates

— Key Takeaways —

💡 Balancer collaborated with AAVE to launch new pool models called Balancer Aave v3 Boosted Pools.

💡 PSP token gained cross-chain support on the Optimism official bridge.

💡 Uniswap added the function to search for NFT collections in Uniswap Wallet, supporting smart contract wallets and custom slippage.

💡 IIn terms of trading volume, the overall market trading volume has increased by around 100% in the past two weeks compared to the previous two weeks, mainly driven by the surge in BRC-20 related concepts. However, some exchanges have experienced a decrease in trading volume compared to two weeks ago. Quipuswap and sun_io have shown impressive performance with significant increases in trading volume, while DODO and canto_dex have performed poorly.

— DEX Roundup —

DODO

• Integrated with Blocto App.

Balancer

• Promoted the 80/20 weighted pool with RDNT as the first ve8020 reward recipient, reaffirming the advantages of the 8020 weighted pool.

• Collaborated with AAVE to launch new pool models on Ethereum, Arbitrum, and Polygon called Balancer Aave v3 Boosted Pools, including the launch of Aave v3 bbaUSD and wstETH/bb-a-weth Pools.

ParaSwap

• Distributed the rewards for the third phase of governance, initially sent to the wrong address. The loss of approximately 86.96 ETH was compensated using DAO funds and ARB rewards.

• PSP token gained cross-chain support on the Optimism official bridge and liquidity support through an 80/20 pool on Beethoven.

Maverick

• Enabled Boosted Pool and introduced liquidity rewards, allowing token holders to provide rewards at specific prices.

QuickSwap

• Governance discussions included the launch of perp dex products (QuickPerps, tentatively scheduled for mid-May) on the Polygon chain, including Polygon PoS and Polygon zkEVM.

• Governance discussions: Integrated Orbs Network and enabled dTWAP trading and order restrictions on QuickSwap.

— Market Overview —

SpookySwap

• Introduced $pepe Farm.

Trader Joe

• Experienced a decline in liquidity and trading volume in the Liquidity Book pool.

• New listing: $LVL on BNB Chain.

• Participated in the AVAX Summit and hosted multiple events.

Uniswap

• Added the function to search for NFT collections in Uniswap Wallet, supporting smart contract wallets and custom slippage.

• Established a deployment committee responsible for reviewing proposals for deploying on public chains, consisting of five members with a six-month term.

• Discussed the deployment of a voting delegation tool, Agora.

1inch

• Deployed on zkSync.

• Expanded Fusion mode to more chains, including Arbitrum, Avalanche, Optimism, Fantom, Gnosis, and others.

Part 2. Data Tracking

Trading Volume and Market Share Analysis

In terms of trading volume, the overall market trading volume has increased by around 100% in the past two weeks compared to the previous two weeks, mainly driven by the surge in BRC-20 related concepts. However, some exchanges have experienced a decrease in trading volume compared to two weeks ago. Quipuswap and sun_io have shown impressive performance with significant increases in trading volume, while DODO and canto_dex have performed poorly.

In terms of market share, the top three DEXs are Uniswap, Pancakeswap, and Curve. Uniswap's market share has slightly decreased, Pancakeswap maintains its second position, and Curve remains in the third position. DODO holds the fourth position, while Apex-pro has risen to the fifth position. Other exchanges that have performed well include Balancer and Trader Joe.

Whale Watch

Compared to the previous two weeks, there has been an increase in the proportion of large and medium-sized trades on ETH in the past two weeks, while the proportion of small-sized trades has decreased.

Part 3. Project Analysis

Cetus

Cetus is a DEX and centralized liquidity protocol built on the Sui and Aptos blockchains, with its trading volume entering the top twenty this week. Here are its key features:

• Permissionless: Cetus is built on mostly permissionless standards, allowing users or other applications to utilize its protocol for their own use cases at any time. Whether it's creating new trading pools or allocating incentives to rent liquidity from the public market.

• Programmable: Cetus is building a highly customizable liquidity protocol based on CLMM. Users can execute various complex trading strategies, similar to those achievable on centralized exchanges, through flexible combinations of swaps, range orders, and limit orders. Additionally, liquidity providers can employ various Maker strategies using CLMM to maximize their liquidity efficiency.

• Composability: Cetus embraces the concept of "liquidity-as-a-service" and emphasizes ease of integration when building products. Developers and applications can easily access liquidity on Cetus to build their own products, such as liquidity vaults, derivatives, and leveraged mining. New project teams can also quickly access Cetus or even the entire market's liquidity by integrating the Cetus SDK and setting up their own exchange interface on the frontend.

• Sustainability: Cetus adopts a dual-token model with CETUS and xCETUS. Long-term and dynamic incentives are implemented through protocol earnings to reward active participants in the protocol.