Dr. DODO is Researching

Posted on Sep 16, 2022Read on Mirror.xyz

DEX|Weekly Brief 9.2-9.15 (EN)

Part 1. DEX Updates

— Key Takeaways —

💡 Quickswap V3 beta went live with a $100,000 bug bounty campaign.

💡 Sushiswap CEO recruitment entered the final round, and passed a proposal on CEO salary, tenure, responsibilities, etc.; Sushiswap plans to deploy on Boba and KAVA networks.

💡 Bancor has launched Bancor Simulator, an open-source python package. Bancor also Integrated with 0X API, users can trade other digital currencies within Bancor.

💡 In terms of trading volume, the overall trading volume of the market in the past two weeks has decreased slightly compared with the previous two weeks. The exchanges that performed well were Osmosis, Trader joe, and Balancer; the exchanges that performed poorly were Quipuswap, Serum.

— DEX Roundup —

Quickswap

  • Quickswap V3 beta went live on Sept.12, with a $100,000 bug bounty campaign.

Tokenlon

  • Togethered with TRON Exchange for holding AMAs, trading competitions and registration activities.

  • Announced some Ethereum Merge supports, it chose to suspend services during the merge.

Bancor

  • Bancor has launched Bancor Simulator, an open-source python package that aims to assist the design, testing and validation of Bancor v3 tokenomics.

  • A proposal was initiated to increase the transaction fee of the LPL pool to 5%, and the proposal has been passed.

  • Integrated with 0X API, users can trade other digital currencies within Bancor.

— Market Overview —

Uniswap

  • Uniswap also announced merge supports. It stated that Uniswap will not suspended services during the merge. But users may have affects as the third-party applications may suspend services during the merge.

  • Data disclosure: JIT (Just in time) transactions account for the percentage of total Uniswap transactions, about 0.3%.

Sushiswap

  • Planed to deploy on Boba and KAVA network.

  • The final round of CEO election is planned to be determined from 9.1 to 9.26 through community meetings, voting, community Q&A and other processes.

  • Initiated a proposal to determine the CEO's salary, tenure, responsibilities, and treatment plan for unfulfilled goals. The proposal has passed.

  • Sushi 2.0 will be built on wagmi.

Curve

  • Curve has deployed to Gnosis.

  • The website has updated UI under the new domain name, the old version can also be accessed.

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 decreased slightly compared with the previous two weeks. Well-performed exchanges were Osmosis, Trader joe, and Balancer; poorly-performed exchanges were Quipuswap, Serum.

 Source: Coingecko

 Source: Coingecko

In terms of market share, the top three DEXs were: Uniswap, DODO, and Pancakeswap. The market share of Uniswap had little change. DODO remain the second place. Balancer rose to the fifth. Sushiswap performed well in the past two weeks, rising to the sixth. Jupiter also outperformed, rising significantly. Kwenta fallen out of the top 20 in the past two weeks and failed to maintained a high market share. Shibaswap is the best performer among the new exchanges. Quipuswap, Serum, Saber and others performed poorly.

 Source: Coingecko

The Aggregator share of DEX volume on Ethereum had a slightly increase compared to the previous two weeks, from 16.79% to 20.64%.

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

CowSwap

  • CowSwap is a decentralized exchange built on the Cow protocol. It allows users to buy and sell tokens using gas-less orders that are settled peer-to-peer between its users or with liquidity pools.

  • CowSwap provides MEV protection. It is also a Meta DEX aggregator, offering users the best prices across aggregators and DEXs.

  • CowSwap has following trading features : every time users and traders hold the assets that the other party wants, the transaction will be sent directly without AMM (automatic market maker), which means no slippage and fees. To be aware, only transactions that didn’t match on CowSwap will use AMM.