DEX|Weekly Brief 6.24 - 6.30(EN)
0x7056
July 1st, 2022

Part 1. DEX Updates

— Key Takeaways —

💡 Uniswap acquired NFT aggregator product geniexyz.

💡 Sushiswap and GameStopNFT partnered up to to launch GameStop wallet.

💡 1inch has added a product feedback page.

💡 Marketwise,Pangolin and Lost Worlds co-hosted NFT design contest.

💡 Jupiter and Hubble partnered up with Hello Moon and will launch “Solana Summer Trading” campaign.

— Dex Closeup —

Uniswap

  • Acquired NFT aggregator product @geniexyz, will add NFTs trading portal on Uniswap home page in the future.
  • An airdrop of USDC will be given in the future to those who use @geniexyz or hold GENIE:GEM NFT before April 15.

Sushiswap

  • Partnered up with @GameStopNFT to integrate GameStop's wallet
  • Launched community analysis article: What stable coins are available on Sushiswap and what are the impacts of the UST crash.

1inch

  • Added a new product feedback page (similar to a forum).
  • 1inch MemeContest is held with a total prize pool of $2,000 USD in 1inch tokens. The funniest meme gets $1,000 USD worth of 1INCH.

— Market Overview —

PancakeSwap

  • Burning $CAKE worth $23M / 6,750,313.
  • Voted to reduce mining production by 0.5 cake per block by reducing Cake output; total production per block including the syrup pool was reduced to 13.75 CAKE.

Pangolin

  • Hosted NFT design contest with Lost Worlds, first place, which will be voted by community members will have a chance to win 5000 LOST & 5000 PNG.

Jupiter

  • Collaborated with Hubble and Hello Moon to launch "Solana Summer Trading" campaign. Users who trade specific tokens will be selected and rewarded through a draw.

Part 2. Data Tracking

Trading Volume and Market Share Analysis

In terms of trading volume, the overall market continued to decline this week compared to last week. The trade volume started to rebound on June 28, with different fluctuations from one exchange to another. The best performer was DODO, with volume up 1.68% compared to last week. The rest of the better performing exchanges were Synthetix, PancakeSwap, Jupiter. Uniswap, Curve, and Sunswap had a slow week and did not perform as well.

Source: Coingecko
Source: Coingecko

In terms of market share, the top three DEXs are Uniswap, Curve, and Pancakeswap, with the relative shares of these three exchanges declining. Synthetix and DODO moved up to the fourth and fifth position.

 Source: Coingecko
Source: Coingecko

The market share of aggregators on Ethereum dropped significantly compared to last week, from 23.6% to 18.3%.

Source: Dune Analytics
Source: Dune Analytics

Whale Watch

This week's Mega Whale trades on ETH had minor changes compared to last week. Small, medium to large sized trades remain more or less the same.

Source: Dune Analytics
Source: Dune Analytics

Part 3. Project Analysis

Clipper

  • With an average volume of $78.3M over the past 7 days, it ranks as the 10th highest trading volume on DEX.
  • Designed to provide the lowest cost per transaction for small transactions (around $10,000 USD) on the most popular crypto assets.
  • Clipper believes that excess liquidity will hurt retail investors even more. For them, lower trading fees trump slightly higher slippage.
Arweave TX
d7q9BiuctvXjdNeOWohtEHaaz9t5IYOlf8Ff59uDtmU
Ethereum Address
0x70562F91075eea0f87728733b4bbe00F7e779788
Content Digest
K-b99bsmeca2ScmkBcVl3hAR6pkW78oqnSBldDVNTRQ