一. DEX Updates
— Key Takeaways —
💡 DODO introduced DODO X at KBW2023, South Korea Blockchain Week.
💡 Balancer attackers have cumulatively profited $2.1 million.
💡 Paraswap integrated Velodrome V2 to enhance the trading experience on the OP chain.
💡 $crvUSD launched on the TBTC market with a peak supply of 130 million.
💡 PancakeSwap launched on Base Chain and Linea Chain. 1inch launched on Base Chain.
💡 In terms of trading volume, the overall market trading volume has decreased by 19.64% in the past two weeks compared to the previous two weeks. In terms of month-on-month comparison, the trading volume of most Dexs has significantly decreased, with Balancer experiencing a significant drop due to the attack event.
— DEX Roundup —
DODO
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Participated in South Korea Blockchain Week KBW2023, where DODO X was introduced.
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Became an official sponsor of Ethcon Korea, a hackathon.
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Engaged in a Twitterspace discussion on account abstraction with CyberConnect.
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Co-organized the Arbitrum Degen Campaign along with projects like Furucombo.
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Delivered a speech on DeFi's Intent-Based Design at Stanford Blockchain Week.
Balancer
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Balancer attackers have cumulatively profited $2.1 million, with approximately $1.6 million in profit on Ethereum, $290,000 on Fantom, and $210,000 on Optimism.
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Balancer's official statement indicates that an investigation into the vulnerability is ongoing, and a complete report will be released after the investigation is completed.
Paraswap
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@Equalizer0x integrated with Paraswap to enhance the trading experience on the Fantom chain.
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Integrated Velodrome V2 to optimize the trading experience on the OP chain.
Curve
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Launched on Base Chain.
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Currently, the $wstETH market for crvUSD is the most popular, with a peak supply of 130 million upon launching the TBTC market.
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UniDex became the first perp DEX on Base Chain to support $crvUSD as collateral with a maximum leverage of 500x.
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Official retweet data: The trading value settled by stablecoins last year exceeded $11 trillion, which is 10 times the trading value of @PayPal and slightly lower than $11.6 trillion for @Visa.
— Market Overview —
Trader Joe
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$Joe has launched KRW trading pairs with the highest increase of 58%.
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Integrated with @OpenOceanGlobal, an aggregator.
Uniswap
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Uniswap V4 will be launched after the Cancun upgrade.
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Uniswap wallet will automatically filter Spam and support manual display of all tokens.
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The Scaling Summer event on the OP chain has started, participate in trading on the OP chain using the Uniswap wallet.
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Data: Trading volume in Q1 and Q2 exceeded Coinbase.
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Voting on UnswapX shows that 36.5% of people are most looking forward to gasless, and 35.6% are most looking forward to anti-MEV (727 votes).
Sushiswap
- UI update: More convenient liquidity addition, one-click Migrate positions.
PancakeSwap
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ZK chain trading volume exceeds $200 million, ARB chain trading volume exceeds $10 million.
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Launched on Base Chain and Linea Chain.
1inch
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Launched on Base Chain.
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StableLab team applied for a grant of 26,000 to write a 1-inch DAO constitution, to define the responsibilities of 1inch Labs and 1inch DAO, and promote the decentralization of 1inch.
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@symbiosis_fi, a cross-chain AMM DEX, supported by 1inch, has added Base Chain routing.
Part 2. Data Tracking
Trading Volume & Market Share
In terms of trading volume, the overall market trading volume has decreased by 19.64% in the past two weeks compared to the previous two weeks. Month-on-month, the trading volume of most Dexs has significantly declined, with Balancer experiencing a noticeable drop due to the attack event.
In terms of market share, Uniswap leads the way, PancakeSwap maintains the second position, and Curve is in third place. Maverick and DODO hold the fourth and fifth positions, respectively. Balancer has seen a significant drop in ranking.
Part 3. Project Analysis
SYMMIO
The core of this protocol is to establish a communication standard that defines how intentions (quotes) should be formulated, sent, received, read, stored, canceled, and accepted or rejected. It is designed for symmetric trading, utilizing Intents and an Automatic Market for Quotes (AMFQ) to create a request-based trading framework for permissionless on-chain derivatives.
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P2P Trading: When both parties request a match, the trade is executed, and the assets of both parties are stored in the contract.
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Symmetric Protocol: One person's loss is another person's gain. Ensuring efficient utilization of every cent in the trade, enhancing capital efficiency.
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Liquidation: A third party monitors account health, and when the liquidation threshold is reached, the liquidator clears one side.
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Suitable for: Derivatives, futures, perpetual trading, options, and structured products.
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Features: No LPs, no order book, no virtual liquidity.
