Dr. DODO is Researching

Posted on Sep 02, 2022Read on Mirror.xyz

DEX|Weekly Brief 8.19-9.1 (EN)

Part 1. DEX Updates

— Key Takeaways —

💡 Tokenlon launched its third-anniversary campaign, users can participate in trading competitions to gain rewards.

💡 Sushiswap deployed Trident to the Metis network and recruited a CEO.

💡 Uniswap will establish the Uniswap Foundation, which aims to support the protocol development and the community governance.

💡 In terms of trading volume, the overall trading volume of the market in the past two weeks has doubled compared with the previous two weeks. The exchanges that performed well were MM Finance, Quickswap, Curve, and Kwenta; the exchanges that performed poorly were Quickswap, Biswap, and Orca.

— DEX Roundup —

Balancer

  • Balancer supported the cross-chain function of BAL tokens.

  • Reviewed the projects supported by BalancerGrant.

  • In Q2, 35.7% of Balancer's transaction fees was distributed to veBAL LPs.

Pancakeswap

  • The new release of IFO - WOMBAT, initial cost price $0.075, raised $2 million, over-raised about 15 times.

Tokenlon

  • Started the third-anniversary event and published the article about Tokenlon’s past experience.

  • Held trading competitions and distribute gifts to users as rewards.

Bancor

  • Bancor integrated Juno Pay to allow users to purchase digital currency by credit card within the United States.

  • Bancor integrated Defi Llama.

SpiritSwap

— Market Overview —

TraderJoe

  • The new AMM is officially launched.

  • Okse wallet has integrated to allow users to pay directly with a visa credit card.

Uniswap

  • @devinawalsh and @nkennethk initiated a proposal to establish the Uniswap Foundation,which was successfully passed, and the foundation will support the protocol development and the community governance.

Sushiswap

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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 doubled compared with the previous two weeks. The exchanges that performed well were MM Finance, Quipuwap, Curve, and Kwenta; the exchanges that performed poorly were Quickswap, Biswap, and Orca.

 Source: Coingecko

Source: Coingecko

In terms of market share, the top three DEXs were: Uniswap, DODO, and Pancakeswap. Uniswap's market share decreased. DODO rose to third place with better performance. Curve rose to fourth place again. Kwenta performed better, rising to sixth place. Mango and Shibaswap are new to the top 20 and perform better on new exchanges.

 Source: Coingecko

The Aggregator share of DEX volume on Ethereum had a slightly decrease compared to the previous two weeks, from 18.63% to 16.79%.

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

HashFlow

  • Hash Flow is a DEX with zero slippage, cross-chain exchange, and MEV protection. Users deposit their funds to the public pool and market makers offer transactions to improve efficiency.

  • Hash Flow uses LayerZero protocol to verify transactions and realizes transactions without cross-chain bridges through signature pricing and RFQ, which is more efficient as less gas fee and time .

  • GSR, LedgerPrime and Kronos are live on HashFlow.