Part 1. DEX Updates
— Key Takeaways —
💡 Balancer launched the fork project Holdr on Aurora.
💡 SpiritSwap was deployed to Arbitrum.
💡 Paraswap released multiple proposals, including token cross-chain, fee distribution and other issues.
💡 In terms of trading volume, the overall trading volume of the market in the past two weeks had a slight decrease of about 30% compared with the previous two weeks. The trading volume of some exchanges has decreased month-on-month. The exchanges with better performance are Thorswap, Woofi, and Balancer. the exchanges with poorer performance include Curve, and Orca.
— DEX Roundup —
Balancer
- Balancer launched the fork project Holdr on Aurora.
Paraswap
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proposed multiple propoals:
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ParaSwap DAO proposal: PSP-IPΔ23: ParaSwap Smart Vault Fee Redistribution, which aimed to use DeFi tool to transfer collected fees to a native chain token.
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PSP-IPΔXX : Claim and Delegate $SAFE tokens on behalf of ParaSwap DAO - PS Research - ParaSwap DAO, which aimed to solve the problem of distribution of $SAFE.
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PSP-IPΔXX - Deployment of PSP to Optimism - Governance Proposals - ParaSwap DAO, which aimed to deploy PSP to Optimism and support Gas Refund.
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PancakeSwap
- PancakeSwap released Football Fest.
Matcha
- Matcha completed Arbitrum integration now.
— Market Overview —
SpiritSwap
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SpiritSwap was deployed to Arbitrum.
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Gitcoin cooporated with Fantom to launch Grant, SpiritSwap was one of the projects received grants.
Sushiswap
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Updated the landing page, adding with some Chrismas features。
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Sushiswap planned to abandon Kashi 1.0 and MISO v2, and suggested users mitigate in time.
Part 2. Data Tracking
Trading Volume and Market Share Analysis
The overall trading volume of the market in the past two weeks had a slight decrease, about 30%, compared with the previous two weeks. In terms of month-on-month, the trading volume of some exchanges has decreased. The exchanges with better performance are Thorswap, Woofi, and Balancer; while poorer ones include Curve, and Orca.
In terms of market share, the top three DEXs were: Uniswap, DODO, and Curve. Uniswap's market share decreased. DODO rose to second place, and Curve was third place. Moreover, Pancakeswap drop into fifth with a loss in market share. Balancer rose to fourth place. Other exchanges that performed better are Sushiswap, Thorswap, and Kyberswap. Kyberswap continues to remain in the top ten and is an exchange that has performed well in the past month.
The Aggregator share of DEX volume on Ethereum had a significant decrease these two weeks, from 13.8% to 6.3%.
Whale Watch
Compared with the previous two weeks, large-scale and medium-scale rose while small-scale transactions has slightly decreased.
Part 3. Project Analysis
NFTperp
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NFTperp is an NFT perpetual trading market using vAMM algorithm. Users can participate in transactions without holding a single NFT.
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Based on the vAMM algorithm, the trading pair of NFTperp is NFT/floor price. The price calculation is based on the data collected on and off the chain, and the real floor price is obtained through a certain statistical algorithm.
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NFT perp solves the problem of long-short ratio imbalance in extreme cases by adjusting the rate.
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