DEX|Weekly Brief 11.18-12.1(EN)
0x7056
December 3rd, 2022

Part 1. DEX Updates

— Key Takeaways —

💡 Trader Joe was deployed to Arbitrum.

💡 Uniswap launched the Permit2 and Universal Router contracts and issued a bug bounty with a total of 3 million US dollars. It officially launched the NFT trading market, which focuses on aggregation and low gas.

💡 Curve was deployed to Celo. Curve released its stablecoin whitepaper and created the LLAMMA mechanism which aimed to extend the scope of liquidation and reduce the risk of depeg.

💡 In terms of trading volume, the overall trading volume of the market in the past two weeks slightly increases compared with the previous two weeks. The trading volume of most exchanges has decreased month-on-month. The exchanges with better performance are Kyberswap and Uniswap; the exchanges with poorer performance include Jupiter and Thorswap.

— DEX Roundup —

Balancer

  • In cooperation with Frax Finance, the sfrxETH/wstETH/rETH pool was created on Balancer.

Paraswap

  • Paraswap integrated the liquidity on Swaap Labs.

  • PSP-IPΔ22: PSP 2.0 which aims to upgrade the tokenomics has passed.

Pancakeswap

  • Pancakeswap launched Smart Router.

Quickswap

— Market Overview —

Trader Joe

  • TraderJoe V1 integrated with @THORSwap to provide cross-chain swap.

  • Trader Joe was deployed to Arbitrum.

Uniswap

  • Uniswap launched Permit2 and Universal Router contract which optimized token approval.

  • Uniswap issued a bug bounty for Permit2 and Universal Router with a total of 3 million US dollars. Bug Bounty | Uniswap Protocol

  • Uniswap launched the NFT trading market, which focused on aggregation and low gas. It sparked a strong response from the community.

Sushiswap

  • Sushiswap was deployed to BitTorrent(BTTC).

  • Sushiswap cooperated with Rage Trade.

  • Sushiswap launched Sushi Academy which is close to Binance Academy.

1inch

  • 1inch launched 1inch Rabbit Hole which protected users of MetaMask from being exploited by sandwich attack.

  • Through @BanxaOfficial & @moonpay on the 1inch Android wallet, the service fee is waived for a limited time for fiat currency transactions. The activity will end on December 7th.

  • The number of transactions on Ethereum has reached 8 million.

Curve

  • Curve was deployed to Celo.

  • Curve released its stablecoin whitepaper and created the LLAMMA mechanism which aimed to extend the scope of liquidation and reduce the risk of depeg.

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 had a slight increasing compared with the previous two weeks. The trading volume of most exchanges has decreased month-on-month. The exchanges with better performance are Kyberswap and Uniswap; the exchanges with poorer performance include Jupiter and Thorswap.

 Source: Coingecko
Source: Coingecko

In terms of market share, the top three DEXs were: Uniswap, Curve, and DODO. Uniswap's market changed little. Curve remained in second place. DODO rose to third place. Pancakeswap fell to fourth place with a loss in market share. Balancer remained in fifth place. Kyberswap performed well and rose to seventh place. Wombat is new to the top 20.

Source: Coingecko
Source: Coingecko

The Aggregator share of DEX volume on Ethereum had a slight decrease compared to the previous two weeks, from 20.7% to 13.8%.

Source: Dune Analytics
Source: Dune Analytics

Whale Watch

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

Source: Dune Analytics
Source: Dune Analytics

Part 3. Project Analysis

Carbon

  • Carbon is a new DEX utilizing asymmetric liquidity and adjustable bonding curves to create automated flexible trading strategies.

  • Users could fulfill multiple trading strategies through asymmetric liquidity. The design of asymmetric liquidity is also resistant to MEV attack.

  • adjustable bonding curves allowed user to concentrate liquidity.


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