Dr. DODO is Researching

Posted on Apr 28, 2022Read on Mirror.xyz

DEX|Weekly Brief 4.21 - 4.27 (EN)

*中文版:

https://mirror.xyz/0x70562F91075eea0f87728733b4bbe00F7e779788/xqNc1ax8xbqGmaP1914b1s8PJdgRsa9hI9mvvXGGc8o

Part 1 . DEX Updates

— Key Takeaways —

💡 DODO deployed on Optimism

💡 Bancor V3 Beta launch 💡 New community governance proposal by Sushi on Sushi 2.0 roadmap, including product optimization, core team member compensation, and team reconstruction

💡 Chainlink enabled $BOO price feed. The BOO Data Feed has allowed scream.sh to launch lending and borrowing for $BOO

💡 Trading volume across the market continues to shrink over the week, yet Curve and Balancer had a significantly rising volume.

— DeFi Closeup —

DODO

  • DODO is now deployed on Optimism;
  • New Crowdpooling feature launched;
  • DODO’s cumulative trading volume exceeded over 60 billion dollar.

Paraswap

  • ParaSwap is looking for testers for its beta testing program;
  • $PSP is now listed on Crypto.com DeFi Wallet;
  • PSP-IP; Depositing $PSP in Paraswap Decentralized bug bounty on Hat.finance.

Tokenlon

  • Limit Order feature now under development;
  • Collaboration with Unstoppable Domain. $10,000 giveaway campaign. Login with Unstoppable Domain and complete one trade to get a chance to win $100 $UD coupon.

Bancor

  • Bancor V3 beta launched;
  • Multiple proposals were launched aimed to increase the liquidity restriction on $BNT for the BNT trading pool.

Astroport

  • XDEFI wallet is now compatible with Astroport liquidity, allowing users to trade any asset on Terra;
  • NFT giveaway campaign with LunaBulls.

Uniswap

  • A new governance proposal was launched to decide whether to deploy Uniswap V3 on Celo.

Sushiswap

  • New community-centric blog Toshokan launched;
  • New community governance proposal by Sushi on Sushi 2.0 roadmap, including product optimization, core team member compensation, and team reconstruction.

1inch

  • Aggregated BabySwap;
  • 1inch hackathon concluded, Rugpolice and Hodim won the competition;
  • 1inch/BTC trading pair listed on Crypto.com.

— Market Overview

SpookySwap

  • Chainlink enabled $BOO price feed
    • The BOO Data Feed has allowed scream.sh to launch lending and borrowing for $BOO.

QuickSwap

  • Professor Dragonsby explained what’s the difference between APY & APR;
  • Ranked Top 10 as one of the DEXs with the highest community engagement rate in the past 30 days by CryptoDep.

SpiritSwap

  • V2 is at its final stage of development and is working with ByteMason for a contract audit;
  • Confirmed collaboration with Todai, an NFT marketplace on Fantom;
  • inSPIRIT fNFT launched. Users who held inSPIRIT at block #35998406 are whitelisted to mint a free fNFT with 100 inSPIRIT pre locked.

Trader Joe

  • YetiFinance integrated $sJOE strategy;
  • Since launching veJOE, 17% of all circulating $JOE; are now staked + 'locked'. Increasing from 14% 7 days ago. Over 1/4 of $JOE Tokens are staked by: yieldyak, beefy finance, vector_fi.

Pangolin

  • Collaboration with Multi-chained wallet XDEFI;
  • Release an article Equitable DAO: Salaries at Pangolin to explain how contributors’ compensation is calculated;
  • Collaboration with KYTE, listing KTE-AVAX on Superfarm.

Part 2. Data Tracking

Trading volume across the market continues to shrink over the week. Trading volume on DODO decreased considerably, especially on Ethereum mainnet. Trading volume on Balancer has increased significantly. Spiritswap’s volume has been staying at the same level since last week’s drop.

Source: Data Platforms&Exchanges

In terms of market share, Uniswap is the biggest DEX with over 70% market share, although slightly decreased from last week. Trading volume on Balancer is catching up to Sushiswap rapidly. DODO’s market share slightly decreased by its ranking remains the same. Trading volume on Curve has increased significantly.

Source: Dune Analytics

Aggregator share of DEX volume on Ethereum saw slight decreases, but the overall percentage remains largely the same.

Source: Dune Analytics

Whale Watch

The overall amount of whale trades on Ethereum has increased slightly over the last week, with mid size trades increasing slightly and small size trades slightly decreased.

 Source: Dune Analytics

Part3. Project Analysis

  • The first Multichain wallet with a built-in DEX/Bridge aggregator.
  • Support NFT features across multiple chains. Users are able to manage their NFT collections across different chains.
  • Native token $XEDFI, stake the token to earn interest.