In the past September, DAppTotal.com monitored 15 DEX platforms on the Ethereum platform, and conducted an in-depth analysis of their on-chain data and found that:
The total transaction volume in September was 823,948 ETH (a decrease of 0.7% from August); the total number of transactions was 271,421 (a decrease of 24.9% from August), with an average of 3 ETH per transaction (an increase of 31% from August).
Among them, there are 10 DEX platforms with a transaction volume exceeding 10,000 ETH, which are as follows:
1. Two heroes of Ethereum DEX platform: IDEX and Eth2dai
From the perspective of the number of transactions, the sum of the number of transactions on IDEX in the month was 127,044, accounting for nearly 46% of the transaction volume of all DEX platforms that have been counted, and the proportion of daily transactions has always been above 40% on average. From the perspective of trading volume, IDEX is temporarily the king among Ethereum DEXs. DAppTotal analysts believe that IDEX was launched in early 2018. The website has considered the user experience from the product design, and the fast order transaction speed is suitable for the high-liquidity market, which has become its core competitive advantage as a DEX.
In addition, in terms of transaction value, the total transaction volume of Eth2dai in September 2009 was 236,251 ETH, accounting for 28% of the total transaction volume of all DEX platforms that have been counted. The Eth2dai platform was created by MakerDao for the conversion between ETH and DAI tokens, and DAI is used for Maker CDP repayment. With the surge in DeFi lending demand, the market demand for Eth2dai has also been driven accordingly.
2. Market fluctuations stimulate the DEX market to surge in trading volume
From the data point of view, DAppTotal has counted that the number of transactions per day on Ethereum DEX fluctuates around 10,000, of which the peak reached more than 14,000 on September 24; in addition, the daily transaction amount fluctuates around 20,000 ETH, and the transaction reached on September 24 At its peak, there were 112,222 ETH. September 24 What happened on this day?
As we all know, the digital currency market changed on September 23, and the price of ETH fell sharply at an inflection point. This drop caused users to sell a large number of digital currencies on September 24, and many of them converted ETH into stable coins. In order to preserve value”, some users also sold ETH in exchange for DAI, and paid DAI to Maker to redeem the previously mortgaged ETH to prevent liquidation by the system. Various factors led to a blowout growth of DEX on September 24. When this part of demand was met, DEX returned to the original flat development track.
summary
summary
DEX is a part of the DeFi ecosystem, and the stability and security of the platform are above all else. On September 13, the AirSwap team launched a new version of the Instant transaction, and shortly thereafter it was discovered that there was a fatal loophole in the newly launched contract. Vulnerabilities can allow users' assets to be "stolen" by malicious takers in some cases, after which AirSwap will take this new contract offline and roll back the website to the previous version. Here, DAppTotal believes that out of respect for users and funds, the DEX project party needs to find a third-party team to audit the security of the contract before launching new functions.
DAppTotal, the world's leading DApp data service platform, focuses on providing independent, fair, and credible popular DApp application information and rankings, and uses all-round data mining and analysis to help the healthy and stable development of the DApp ecosystem.
Introduction to DAppTotal:
DAppTotal, the world's leading DApp data service platform, focuses on providing independent, fair, and credible popular DApp application information and rankings, and uses all-round data mining and analysis to help the healthy and stable development of the DApp ecosystem.
