Part 1. DEX Updates

— Key Takeaways —1

💡 DODO has integrated social login functionality with @ParticleNtwrk.

💡 Uniswap has integrated EIP-6963, offering a smoother experience for wallet switching.

💡 Curve's FRAXPYUSD pool has become the third largest liquidity pool on the exchange.

💡 PancakeSwap promotes .CAKE ID, powered by SPACE ID.

💡 Trader's $MOE airdrop on Mantle is now open for claims.

💡 Project Insight - MYX_Finance Perpetuals: The matching pool mechanism provides support with zero slippage, zero borrowing costs, and minimal fees.

💡 In terms of trading volume, the overall market volume in the past two weeks has increased by 3.37% compared to the previous fortnight. The ARB chain performed exceptionally well in this period, as reflected in the sequential growth in Camlot's trading volume. However, the distribution of trading volume is uneven, being concentrated around January 10, the date of Bitcoin's ETF approval, with less activity at other times.

— DEX Roundup —

DODO

• Promotion: Introduction to DODO's governance system:

  • Decentralized governance: DODO adopts decentralized governance, emphasizing community-driven decisions, opposing centralization of power, and enhancing system transparency and participation.

  • DODO Improvement Proposals (DIPs): DIPs allow community members to propose improvements to the platform, including technical upgrades and governance structure changes, decided by community discussion and token holder voting.

  • Transition to full decentralization: DODO is gradually shifting from core team control to community governance, aiming to become a decentralized autonomous organization (DAO), with every community member's participation driving this transformation.

• Promotion: Introduction to DODO's Fee economic model, including routing fees, LP fees, and market transaction fees.

• Integration of social login feature with @ParticleNtwrk, allowing direct use of Social Login to access DODO dApp.

• Hosting a trading contest with @Scroll_ZKP on the Scroll network, trading specific currency pairs to win dPoints and share a fortnightly reward of 40,000 DODO.

Uniswap

• Uniswap integrates EIP-6963 for a smoother wallet switching experience.

• Research report: Manual slippage setting may pose risks. Setting it too low could result in swap failures; setting it too high exposes swaps to MEV risks. Research shows that Uniswap's automatic slippage reduces losses by 90%.

• Data: On January 4, Arb chain hit an ATH in trading on Uniswap, becoming the first L2 with over $1B in trading volume.

Curve

• The total value locked in Curve's FRAXPYUSD has increased to $135 million, making it the third-largest liquidity pool in the exchange. (PYUSD is PayPal's dollar-backed stablecoin used in DeFi)

• Proposal: Vote to allocate 1.15M ARB from grants to 7 pools on @arbitrum over two months. (6 of these pools are related to crvUSD)

PancakeSwap

• Promotion of .CAKE ID, powered by SPACE ID.

• veCAKE now offers voting incentives through external bribery market @StakeDAOHQ.

— Market Overview —

Trader Joe

• Trader Joe preheats the launch of new products.

• $MOE airdrop is now open for claims. MOE is JOE's new token on @0xMantle, obtained by staking JOE there.

• Data: Trader Joe hits ATH in trading volume on Arbitrum.

• Data: AVAX chain's trading volume grows more than twofold to $5.8 billion, with Joe's trading volume accounting for 74%.

Sushiswap

• SUSHI launches Smart Pool for automatic management of V3 liquidity.

• Marketing: Introduction to what BTC ETF is.

• Release of a New Year NFT, claimable by trading over $3 on designated 7 chains of SUSHI.

— Aggregators —

1inch

• #1inch dApp now supports EIP-6963, enabling faster recognition of browser wallet extensions.

Matcha

• Promotion of limit order feature: Flexibility for various scenarios during the BTC ETF approval.

Part 2. Data Tracking

Trading Volume & Market Share

In terms of trading volume, the overall market volume in the past two weeks has increased by 3.37% compared to the previous fortnight. The ARB chain showed outstanding performance in this period, as reflected in the sequential growth of Camlot's trading volume. The distribution of trading volume is uneven, with activity mainly concentrated around January 10, the date of Bitcoin's ETF approval, and less active at other times.

In terms of market share, Uniswap's share has slightly recovered, possibly influenced by meme coins related to the "Musk concept." Uniswap's market share has rebounded, Astroport has surged to third place for the first time, while Curve's ranking has slipped to sixth.

III. Project Interpretation

MYX_Finance Perpetuals: Supported by the Matching Pool Mechanism: Zero Slippage, Zero Borrowing Costs, Minimum Fees.

MYX_Finance is supported by an innovative Matching Pool Mechanism (MPM) - zero slippage, zero borrowing costs, and low fees for a successful start. MPM matches long and short traders and takes on net exposure. In a balanced market, this engine supports unlimited open contracts with limited capital, allowing MYX to match the capital efficiency of centralized order books, offering lower trading fees and higher LP yields.

• Fair: Open-source smart contracts, zero MEV, does not rely on user losses for profit.

• Low trading costs: Benefits from the lowest on-chain transaction fees, no borrowing fees for holding positions, reducing overall costs.

• Optimal depth: Executes trades at the best prices, large market orders without spread or slippage.