Part 1. DEX Updates

— Key Takeaways —

💡 Various DEXs have released their own 2022 year-end summaries, summarizing transaction volume, product features, community events, etc.

💡 Trader Joe launched Liquidity Book. After the launch, apr of multiple pools performed well.

💡 1inch ended the Gas Refund Program, and also launched the Resolver Incentive Program to motivate users to use FusionMode.

💡 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. The trading volume of most exchanges has decreased month-on-month. The exchanges with better performance in the month-on-month period include Orca and Jupiter. DEXs on Solana have performed well in the past two weeks. The exchanges with poorer performance include Thorswap and Biswap.

— DEX Roundup —

Paraswap

• Pancakeswap TVL tops Aptos chain.

Matcha

• Released the 2022 year-end summary, with an annual transaction volume of 22 billion USD.

Trader Joe

• Adjusted UI/UX, including new UI, new wallet integration, and simplified navigation.

• Trader Joe V2 went live on Arbitrum over a week with over $1M TVL.

• Launched Liquidity Book, and after the launch, apr of multiple pools performed well.

— Market Overview —

QuickSwap

• The monthly reports are back to update.

SpiritSwap

• Rleased 2022 year-end report.

Uniswap

• Released the 2022 year-end summary. The transaction volume for this year was 620 billion USD. The number of independent wallets was 3 million. The number of transactions was 68 million, and the cumulative historical transaction volume exceeded 1 trillion US dollars.

Sushiswap

• Initiated a new token economic model proposal.

1inch

• 1inch made a year-end summary through Twitter Space.

• 1inch ended the Gas Refund Program, and also launched the Resolver Incentive Program to motivate users to use FusionMode. Users who trade through Fusion Mode will be rewared with 1inch token.

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. The trading volume of most exchanges has decreased month-on-month. The exchanges with better performance in the month-on-month period include Orca and Jupiter. DEXs on Solana have performed well in the past two weeks. The exchanges with poorer performance include Thorswap and Biswap.

In terms of market share, the top three DEXs were: Uniswap, Curve, and DODO. Uniswap's market share decreased. Curve remained in second place with a significant market share increase, and DODO rose to third place. Moreover, Balancer drop into fourth. Pancakeswap remained in fifth place. Other exchanges that performed better are Orca and Jupiter.

The Aggregator share of DEX volume on Ethereum had a slight decrease these two weeks, from 27.8% to 23.7%.

Whale Watch

Compared with the previous two weeks, large-scale and medium-scale increased while small-scale transactions have slightly decreased.

Part 3. Project Analysis

Kyberswap

• Kyberswap performed well recently. Its product includes Kyberswap Classic Protocol, Kyberswap Elastic Protocol, Kyberswap Aggregator and Kyberswap Interface.

• Kyberswap Classic Protocol uses the classic AMM design with a dynamic fee rate. Kyberswap Elastic Protocol provides concentrated liquidity and it will automatically reinvest LP fees to achieve the compounding interest for LP position.

• With the concentrated liquidity design of the Kyberswap Elastic Protocol, users can provide liquidity within a selected price range, and the protocol will automatically reinvest the fees earned by LPs.

About us:

「Dr. DODO」is the research arm of DODO. We track the evolvement of DeFi and related sectors. Dr.DODO leads a group of researchers to decode the crypto world, conduct in-depth research, publish distinctive views and predict the future value of the crypto world

Our DM is open! We welcome any insights & original writings.

Contact: email: dodoingresearch@gmail.com

We’re Hiring：

1)DeFi / Web3 Infrastructure Researcher

2)Brand Operation

Our work are published at Twitter, Notion and Mirror：

Twitter: https://twitter.com/DodoResearch;

Notion: https://dodotopia.notion.site/Dr-DODO-is-Researching-6c18bbca8ea0465ab94a61ff5d2d7682;

Mirror：https://mirror.xyz/0x70562F91075eea0f87728733b4bbe00F7e779788