Part 1. DEX Updates

— Key Takeaways —

💡 DODO has completed its latest repurchase.

💡 Uniswap has released a proposal to open the fee switch, causing the token price to surge.

💡 The issuance volume of crvUSD has increased by over 40 million USD, with related strategy yields around 20%.

💡 ALEX: A DeFi platform built on Bitcoin, aimed at providing a complete set of financial services on the Bitcoin blockchain.

💡 In terms of trading volume: The overall market trading volume has increased by 42.03% in the past two weeks compared to the previous two weeks. This shows a significant growth trend, reflecting an increase in market activity. Especially, Uniswap and PancakeSwap, two major exchanges, have shown strong growth momentum, increasing by 75.98% and 70.63% respectively.

💡 In terms of market share: Uniswap leads with a market share of 34.73%, followed by PancakeSwap with a market share of 14.90%. Orca, Astroport-Classic, and Curve have market shares of 8.13%, 6.80%, and 5.11% respectively. This reflects the dominant position of Uniswap and PancakeSwap in the decentralized exchange market, as well as the competitive position of other exchanges in the market.

— DEX Roundup —

DODO

• User education on understanding DODO's trading settings is very user-friendly for new DODO users.

• DODO Academy: DEX MEV, a new article introducing the concept of DEX MEV.

• The latest 32nd repurchase: In the past month, the total revenue of the DODO protocol was 66,840 USDT, of which 50,130 USDT was used to repurchase 276,961 $DODO tokens. These tokens have been transferred to the vDODO smart contract. The remaining 16,710 USDT has been transferred to the community treasury.

Uniswap

• The founder of Uniswap released a fee distribution proposal, resulting in a significant increase in the price of UNI tokens.

• Uniswap released uni.eth subdomains, allowing users to claim them for free on mobile devices.

Curve

• The issuance volume of crvUSD has increased by 40 million USD.

• Multiple pools aggregate crvUSD, with the current apr for crvUSD-related strategies around 20%.

PancakeSwap

• This week, Pancake offers a USDT-BNB trading pair on the BNB chain, with an Annual Percentage Rate (APR) of 98.99% and a fee rate of 0.01%. In addition, the APR for the USDT-BNB trading pair with opBNB can reach up to 292%.

• Various market activities offer rewards of up to $5,000.

— Market Overview —

Jupiter

• Announced the launch of ExactOut API V2, which reduces gas fees and improves efficiency. Several projects have already integrated the new API.

• Bitget wallet has integrated Jupiter.

— Aggregators —

1inch

• Lido Finance has integrated 1inch for instant exchanges between stETH/wstETH and $ETH.

• Provided a 1inch dashboard on Dune Analytics.

• Hosted the "Road to #ETHDenver" event.

• Continued the Funtastic Cupid's Carnival event, valued at $50,000.

• Announced 3 lucky winners of the Valentine's Day raffle.

• Released thematic lectures on top DeFi projects, DeFi regulation, developer portals, and API automation, as well as discussions on the security of auditing crypto hardware wallets.

Matcha

• Integrated Camelot liquidity on Arb.

Part 2. Data Tracking

Trading Volume & Market Share

In terms of trading volume: The overall market trading volume has increased by 42.03% in the past two weeks compared to the previous two weeks. This shows a quite significant growth trend, reflecting an increase in market activity. Especially, Uniswap and PancakeSwap, the two major exchanges, have shown strong growth momentum, increasing by 75.98% and 70.63%, respectively.

Regarding market share: Uniswap leads with a market share of 34.73%, followed by PancakeSwap with a market share of 14.90%. Orca, Astroport-Classic, and Curve occupy 8.13%, 6.80%, and 5.11% of the market, respectively. This reflects the dominant position of Uniswap and PancakeSwap in the decentralized exchange market, as well as the competitive standing of other exchanges in the market.

III. Project Interpretation

ALEX

ALEX is a DeFi platform built on Bitcoin, aimed at providing a complete suite of financial services on the Bitcoin blockchain. It focuses on integrating with Bitcoin's second layer (L2) technology, particularly Stacks, to enable smart contract functionality and a range of DeFi activities.

Features

• BRC20 Tokenization: Deployment, minting, and transferring of BRC20 tokens.

• Launchpad: A lottery-based hybrid platform for launching project tokens.

• EVM and BTC Bridging: Facilitates token transfers between EVM, Stacks, and Bitcoin.

• AMM and Order Book: Decentralized exchange for token trading.

• Liquidity Staking and Real-World Asset Integration: Upcoming feature to enhance liquidity.

• Data Analytics API: Analyzes the DeFi economy on ALEX.

• Bitcoin Oracle: An on-chain, tamper-resistant, censorship-resistant BRC20 token indexer.