DEX|Weekly Brief 5.27 - 6.2 (EN)
0x7056
June 3rd, 2022

Part 1. DEX Updates

— Key Takeaways —

💡 DODO is now deployed on Cronos Chain.

💡 The 1inch Foundation extends the gas refund program by adding another 10M 1INCH tokens.

💡 Suchiswap and KAVA announced an official partnership. Sushiswap will be deployed onto KAVA, followed by a 14M incentive program.

💡 QuikSwap launched a governance proposal to discuss whether or not to integrate PRDT Finance, a decentralized cross-chain prediction platform.

💡 Trading volume across the market showed a significant increase over the week. Trading volume on Uniswap, DODO, and Openocea increased considerably; while volume on PancakeSwap, Sushiswap, Biswap decreased drastically; Raydium’s volume decreased significantly and has dropped out of the top 20 in trading volume.

— Dex Closeup —

DODO

  • DODO is now deployed onto Cronos Chain.

1inch

  • Extended its gas refund program by committing another 10M 1INCH tokens.
  • Announced partnership with Travala.com, allowing users to use $1inch tokens for 300 different travel services across 230 different countries.

Uniswap

  • Has been promoting on-chain trading bot Gelato, which is available on multiple chains. By leveraging this bot, users will be able to place limit orders on Uniswap V3.

SushiSwap

  • Has been promoting its Gasless trading feature, which is available on Ethereum, Arbitrum, and Avax.
  • Announced partnership with KAVA Network: Sushiswap will now be deployed onto KAVA, and a 14M incentive program was also announced.

— Market Overview —

QuickSwap

  • $QUICK from its treasury were airdropped to affected users from the previous incident
  • Published governance proposal to discuss whether or not to integrate PRDT Finance. PRDT Finance allows users to predict future prices of assets. Users who make the right bets are then rewarded.

SpiritSwap

  • Updates on its lending networks, including more stable marketplace, etc.
  • Announced that affected users from the previous incident will be compensated fully

Jupiter

  • Solflare Wallet has now integrated Jupiter

TraderJoe

  • Published its May Newsletter
  • Launched JOEPEGS NFT market
  • Updated Joe Tokenomics V2
  • JOE WAR data update
  • Wynd Blast and Castle Crush partnership
  • Rocket Joe is now deployed on Wynd Blast

Part 2. Data Tracking

Trading Volume and Market Share Analysis

Trading volume across the market this week has increased significantly. The increase in volume on Uniswap has brought up the volume across the space. Trading volume on Uniswap, DODO, and Openocea increased considerably; while volume on PancakeSwap, Sushiswap, Biswap decreased drastically.

                                                   **Trading Volume**
Source: Coingecko
Source: Coingecko

The top 3 DEXs with the biggest market share are Uniswap, Pancakeswap, and Curve. DODO’s market share has increased significantly and is now ranked number 4. Raydium’s volume decreased significantly and has dropped out of the top 20 in trading volume.

                                                        **Market Share**
Source: Coingecko
Source: Coingecko

Aggregator share of DEX on Ethereum has dropped from 22.77% to 20.26%.

Whale Watch

This week's whale transactions on Ethereum saw an increase in the percentage of medium-sized transactions and a decrease in the percentage of small-sized transactions.

Source: Dune Analytics
Source: Dune Analytics

Part 3. Project Analysis

PRDT FInance

  • PRDT Finance is a decentralized cross-chain prediction platform. It acquires price feeds on assets by leveraging services like Chainlink oracles, Binance API, and FTX. PRDT Finance is currently available on BSC and Polygon.
  • PRDT Finance provides a price prediction service to users. Users are able to make bets by predicting the price movements of an asset. Users who make the right bets will be rewarded.
  • PRDT Finance is currently in partnerships with Venus, and NIOB Finance.
Arweave TX
Df4lQGjbszu_RS9QbSkZbdAZN9TIgpzi6_AsWCkjuaU
Ethereum Address
0x70562F91075eea0f87728733b4bbe00F7e779788
Content Digest
3kXNovXt-JMHdX7A_jpVNqI37sKjLV0lUSYMb-bKasQ