1. According to the Blockbeats, in the past month, the value of the decentralized finance (Defi) ecosystem has risen sharply. Since the first week of August, the total value of locked tokens in the DeFi market has changed from within 27 days. US$4.7 billion jumped to US$9.6 billion on August 30, an increase of over 100%. At the same time, on August 30, DEX trading volume hit a record high, reaching 854 million US dollars.
2. According to the ChainNews, the DeFi protocol dForce initiated a governance proposal to create a dToken liquidity pool on Curve.Fi, hoping to create a dUSDx/dUSDC/dDAI/dUSDT stable currency swap liquidity pool on Curve.Fi. dForce officially appeals to friends from all walks of life to support, and friends who hold CRV are invited to participate in governance voting.
3.Uniswap’s 24-hour trading volume at the time of writing reached US$495 million, and the liquidity market-making funds on the platform exceeded US$1 billion. Sushiswap still continues the core design of Uniswap, which is still the AMM model, but adds token economic incentives, which means that part of its transaction costs are allocated to holders of Sushiswap token SUSHI. The token pool of Sushiswap is basically the same as Uniswap. Through mining, SushiSwap has locked Uniswap’s liquidity pool from 300 million US dollars on August 27 to the current 1 billion US dollars, reaching a historical peak. Sushi is also going to be an exchange. Although the mining of sushi has raised uniswap’s market-making funds, it is also likely to take away the liquidity of uniswap. Now sushi has mined 22.08 million.
4. Decentralized exchange (DEX) is an important infrastructure in the current DeFi ecosystem. Even in the current heat, DEX only accounts for a small part of the trading volume of the cryptocurrency market. In addition to factors such as poor product experience, the liquidity bottleneck of DEX is mainly due to two reasons: DEX trading performance is limited and CEX market share is too large. Although liquidity is not the only factor that allows DEX to be adopted, it is a key component of its market maturity. Improving the liquidity of DEX is an important way to promote the adoption rate of DEX in the mainstream market. At present, the DEX market is actively seeking to break through the liquidity bottleneck. Feasible technical solutions.
For example, the cutting-edge decentralized exchange Exchange Union Daemon (XUD) is the first Layer 3 decentralized exchange (DEX) implemented based on the OpenDEX protocol, integrating market makers, exchanges, and individual traders into the OpenDEX network , To form a global trading network and liquidity pool to overcome the current liquidity bottlenecks that are common in DEX. XUD chose to use a decentralized Order Book (also known as on-chain order book) trading model instead of the automated market maker (AMM) design used by most DEXs, with the purpose of capturing more liquidity. Only by realizing the real decentralization of orders can attacks on centralized points be effectively avoided and risks such as bankruptcy and supervision can be avoided.
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