Part 1. DEX Updates

— Key Takeaways —

💡 Matcha was deployed to Arbitrum.

💡 Referring to the Curve market making curve, Pancake launched the stableswap function; held the second-anniversary event.

💡 Sushiswap was deployed to Boba and Kava networks.

💡 In terms of trading volume, the overall trading volume of the market in the past two weeks has doubled compared with the previous two weeks. The well-performed exchanges were Dystopia, Serum, Mango, and Biswap; the poorly-performed were Trader Joe, Velodrome, and Jupiter.

— DEX Roundup —

Paraswap

• Proposed a proposal about a new token economy which is designed to incentivize users to participate in project governance.

Matcha

• Deployed to Arbitrum.

PancakeSwap

• Launched a new function stableswap, referring to Curve’s market-making curve.

• Launched a new IFO, $HOOP, which is about 10 times over-raised.

• Supported Opera Crypto wallet。

• Held the second-anniversary event.

Bancor

• Initiated a proposal. The proposal aims to burn BNT collected by the Bancor Vortex in the v3 vault when it reaches 1m.

• Integrated 0x API。

Quickswap

• Upgraded prediction markets with Bhavish Finance.

• Armadillo provides impermanent loss (IL) protection for QuickSwap V2.

— Market Overview —

Sushiswap

• Updated UI interface.

• Deployed to Boba Network.

• Deployed to Kava Network.

1inch

• The gasless limit order function was launched and supported the Ethereum main network.

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 doubled compared with the previous two weeks. The well-performed exchanges were Dystopia, Serum, Mango, and Biswap; the poorly-performed were Trader Joe, Velodrome, and Jupiter.

In terms of market share, the top three DEXs were: Uniswap, DODO, and Curve. Uniswap’s market share decreased; Curve rose to third place and Sushiswap rose to fifth place again. Serum performed better, rising to the sixth. Idex and Dystopia are new to the top 20 and perform better on new exchanges.

The Aggregator share of DEX volume on Ethereum had a slight decrease compared to the previous two weeks, from 16.79% to 14.6%.

Whale Watch

Compared with the previous two weeks, the number of large-scale and medium-scale transactions rose while the number of small-scale transactions decreased.

Part 3. Project Analysis

3xcalibur

• The 3xcalibur Protocol is a permissionless and oracleless liquidity marketplace, powered by Tri-AMM architecture to facilitate stableswaps, variable swaps, and borrowing/lending.

• Core features of 3xcalibur include 3xcaliswap, 3xcaliCredit, and 3xcaliGovern.

• $XCAL is the 3xcalibur Ecosystem Token. Issued on Arbitrum as a standard ERC-20 token.