Part 1. DEX Updates
— Key Takeaways —
💡 Balancer launched a new proposal to adjust the mining reward mechanism and distribute the pool's mining rewards according to transaction fee income. 💡 Uniswap has cooperated with Moonpay to provide fiat currency transactions.
💡 1inch released Fusion.
💡 In terms of trading volume, the overall trading volume of the market in the past two weeks has not changed much compared with the previous two weeks. The trading volume of most exchanges has decreased month-on-month. The exchanges with better performance include Apex, Quipuswap, and Curve. The exchanges with poorer performance include DODO and Saber.
— DEX Roundup —
Balancer
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Promoted the 25 Days of Buidlers campaign.
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Initiated a new proposal, which aimed to adjust the mining reward mechanism and distribute the pool's mining rewards according to transaction fee income to reward the liquidity pool with more transactions.
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Fjord was deployed to BNB Chain.
Paraswap
- Initiated a new proposal to adjust the gas reward and PSP staking reward formula.
PancakeSwap
- Initiated a proposal to reduce the release of CAKE, which will eventually reduce the release of 1.25 CAKE per block, a total of 11.2% reduction.
— Market Overview —
QuickSwap
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Cooperated with dappOS to support multiple chains.
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Signed up TikTok account.
SpiritSwap
- Integrated the decentralized TWAP powered by Orbs. dTWAP orders provide SpiritSwap users with a trading edge, allowing them to execute complex trading strategies.
Uniswap
- Uniswap has cooperated with Moonpay to provide fiat currency transactions.
1inch
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发布 Fusion 版本，Fusion 使 1inch 的 swap 更具成本效益，用户不必支付网络费用，此外，还增加了额外的安全层，保护用户免受三明治攻击。
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1inch released Fusion. Fusion will make 1inch's swap more cost-effective. Users don't have to pay network fees. And Fusion also adds an extra layer of security to protect users from sandwich attacks.
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 not changed much compared with the previous two weeks. The trading volume of most exchanges has decreased month-on-month. The exchanges with better performance include Apex, Quipuswap, and Curve. The exchanges with poorer performance include DODO and Saber.
In terms of market share, the top three DEXs were: Uniswap, Curve, and Balancer. Uniswap's market share decreased. Curve rose to second place, and Balancer was third place. Moreover, DODO drop into fourth with a loss in market share. Pancakeswap remained in fifth place. Other exchanges that performed better are Apex,Quipuswap.
The Aggregator share of DEX volume on Ethereum had a significant increase these two weeks, from 6.3% to 27.8%.
Whale Watch
Compared with the previous two weeks, large-scale and medium-scale decreased while small-scale transactions has slightly increased.
Part 3. Project Analysis
1inch Fusion
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The 1inch Fusion version is a major upgrade. Its core is 1inch Swap Engine, covering multiple functional updates.
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1inch Swap Engine integrated with liquidity on DEX and CEX with a Dutch Auction to fill orders. Users could choose Fast, Fair and Auction to make orders.
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Professional market makers could stake 1inch to become resolvers. Resolvers don’t have to pay fees in early stage. Top five resolvers — based on the amount and period of 1INCH staking — will have priority for filling orders.
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Fusion also provides MEV protection.
About us:
「Dr. DODO」is the research arm of DODO. We track the evolvement of DeFi and related sectors. Dr.DODO leads a group of researchers to decode the crypto world, conduct in-depth research, publish distinctive views and predict the future value of the crypto world
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