Part 1. DEX Updates

— Key Takeaways —

💡 DODO has completed its latest buyback, with 74,951 USDT used to repurchase 284,030 $DODO tokens.

💡 The PancakeSwap V4 whitepaper has been released, featuring a new AMM architecture, the introduction of Hooks, and gas optimizations.

💡 Uniswap V4 is about to launch.

💡 Jupiter Launchpad has been launched, starting project launches.

💡 In terms of trading volume, the overall market volume has grown by 9.72% over the last two weeks. Some exchanges have seen a decrease in trading volume compared to the previous two weeks. Aerodrome and Cetus performed exceptionally well with a significant increase in trading volume; exchanges that performed poorly include Terraswap and WOOFi-Swap.

💡 In terms of market share, the top three DEXes are: Uniswap, PancakeSwap, and Orca. Uniswap's market share slightly declined; PancakeSwap maintained its second position; Orca remained in third. Exchanges that dropped out of the top twenty include: Terraswap and WOOFi-Swap. New entrants into the top twenty include: Aerodrome and Cetus, which performed well.

— DEX Roundup —

DODO

• The 33rd DODO buyback and allocation have been completed. Over the past month, the total revenue of the DODO protocol was 99,935 USDT, of which 74,951 USDT was used to buy back 284,030 $DODO tokens.

Uniswap

• Uniswap V4 is about to launch, with one week left for the Hook Incubator.

Curve

• Curve lending submitted a grant application to Optimism.

• Curve lending relaunched after a brief pause.

PancakeSwap

• PancakeSwap V4 was released, introducing a modular Automated Market Maker (AMM) architecture designed to facilitate flexible and sustainable decentralized exchange design. This architecture supports multiple AMM implementations, including CLAMM and Liquidity Book. PancakeSwap V4 also improved the on-chain liquidity mining program to encourage greater ecosystem participation. Key features include:

  • Hooks: Allows the execution of custom logic at certain points during pool operations, similar to the Uniswap V4 Hook.

  • Custom Pool Types and Donations: Provides greater flexibility by supporting the creation of liquidity pools different from before.

  • Gas Optimization: Reduces transaction costs through Singleton and Flash Accounting technology.

  • Open Source Codebase Licensing: Increases attractiveness to the developer community.

— Market Overview —

Jupiter

• Jupiter Launchpad launched, starting project launches.

  • Zeus Network was voted through, expected to launch on April 4.

• CCTP accessed Solana through Jupiter.

— Aggregators —

1inch

• SafeWallet.io and BuildOnLumia integrated into 1inch.

• Tide Web3 announced the first batch of projects participating in the "Tsunami Campaign", including 1inch.

• 1inch's CFO Chae Ho Shin delivered a speech titled "1inch Fusion: A New Standard for Blockchain Swaps" at the Vietnam Ethereum Conference.

• Chae Ho Shin will discuss institutional-level centralized finance (CeFi) and decentralized finance (DeFi) trading infrastructure at the Liquidity2024 conference in Hong Kong on April 5.

Matcha

• Sent nearly $50,000 in $DEGEN last month.

Part 2. Data Tracking

Trading Volume & Market Share

In terms of trading volume, the overall market volume has grown by 9.72% in the last two weeks. Comparatively, some exchanges have seen a decrease in trading volume compared to the previous two weeks. Aerodrome and Cetus performed well with a significant increase in trading volume; exchanges that performed poorly include Terraswap and WOOFi-Swap.

In terms of market share, the top three DEXes are: Uniswap, PancakeSwap, and Orca. Uniswap's market share slightly declined; PancakeSwap remained in second place; Orca kept its third position. Exchanges that dropped out of the top twenty include: Terraswap and WOOFi-Swap. New entrants into the top twenty include: Aerodrome and Cetus, showing good performance.

III. Project Analysis

Interswap

• InterSwap integrates Axelar to leverage its cross-chain communication core infrastructure, enabling one-click, seamless cross-chain exchanges and liquidity transfer experiences.

• As the first cross-chain liquidity layer with unified liquidity on Axelar, InterSwap reduces the risks associated with traditional bridging, providing users with a fast, economical transaction experience.

• Utilizing Axelar's GMP and GMP Express technology, InterSwap offers users a fast (less than 20 seconds) and convenient cross-chain exchange experience, eliminating the need for trust.

• As an Automated Market Maker (AMM), InterSwap allows users to directly exchange digital assets across multiple EVM and non-EVM chains.

• With non-custodial smart contracts for unified liquidity, it minimizes the risk of transaction failure and provides cross-chain smart routing and dynamic liquidity provisioning.

• Supports dApp multi-chain token support, existing multi-chain AMMs expansion to cross-chain, and yield optimizers using InterSwap for unique strategy integration use cases in a variety of ecosystem scenarios.