Part 1. DEX Updates

— Key Takeaways —

💡 Trader Joe integrated LayerZero and entered into a strategic partnership with Stargate.

💡 The proposal to deploy Uniswap to BNB Chain was approved and it will be bridged through Wormhole.

💡 Quickswap integrated Gamma, and V3 realized active liquidity management.

💡 In terms of trading volume, the overall trading volume of the market in the past two weeks has slightly increased compared with the previous two weeks. Canto DEX and Sushiswap performed very well, with a significant increase in trading volume. Other exchanges that performed better on a month-to-month basis include Pancakeswap and DODO; exchanges that performed poorly include Orca and Openocean.

— DEX Roundup —

Balancer

• The liquidity of Balancer LSD-related pools.

  • Balancer is the #3 largest holder of $wstETH for @LidoFinance.

  • Balancer is the #6 largest holder of $sfrxETH for @fraxfinance.

  • Balancer is the #1 largest holder of $rETH for @Rocket_Pool.

Trader Joe

• Trader Joe integrated LayerZero.

• Trader Joe entered into a strategic partnership with Stargate.

— Market Overview —

QuickSwap

• The integration with Gamma was completed, and the V3 version realized active liquidity management. The user experience of V3 is improved. After integrating Gamma, users only need to stake twice.

SpookySwap

• Cross-chain swaps went live.

Uniswap

• The proposal to deploy Uniswap to BNB Chain was approved and it will be bridged through Wormhole.

Sushiswap

• Release Sushi Studios, Sushi Studios will fund and subsidize projects within the ecosystem, create an effective way to authorize external teams to use the Sushi brand to develop products, etc.

• Cooperated with Defispot.

1inch

• @CryptoRubic launched on-chain limit orders via 1inch.

• Integrated with wallet Burrito.

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 slightly increased compared with the previous two weeks. Canto DEX and Sushiswap performed very well, with a significant increase in trading volume. Other exchanges that performed better on a month-to-month basis include Pancakeswap and DODO; exchanges that performed poorly include Orca and Openocean.

In terms of market share, the top three DEXs were: Uniswap, Curve, and Pancakeswap. Uniswap’s market share decreased. Curve remained in second place, and Pancakeswap remained third place. DODO remained fourth. Balancer rose to fifth place. Other exchanges that performed better are Canto DEX and Sushiswap.

The Aggregator share of DEX volume on Ethereum had a slight decrease these two weeks, from 25.3% to 20.03%.

Whale Watch

Compared with the previous two weeks, large-scale, medium-scale and small-scale transactions remained the same.

Part 3. Project Analysis

Camelot

• Camelot is a DEX within the Arbitrum ecosystem.

• \(GRAIL is the native token of Camelot. Users can get \)xGRAIL by staking \(GRAIL. \)xGRAIL is non-transferable and can be used to obtain platform dividends and accelerate mining income.

• 12.5% of Camelot’s fee income will be used to repurchase and burn $GRAIL.

• Camelot provides two kinds of liquidity pools similar to Canto DEX.