In October, DAppTotal has counted 15 DEX platforms on the Ethereum platform: the total transaction volume was 700,018 ETH (down 15% from August); the total number of transactions was 262,149 (down 3.4% from August), with an average 2.67 ETH were traded (down 11% from August).
Among them, there are 9 DEX platforms with a transaction volume exceeding 10,000 ETH in October, as follows:
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1. Eth2dai is upgraded to OasisTrade
Eth2dai DEX was originally only suitable for the token exchange between WETH and DAI, which has certain limitations in function and limits the liquidity of other digital assets.
We have observed that among Ethereum DEXs, Eth2dai has the largest monthly transaction volume. In order to attract more people to use this DEX, the Eth2dai project launched a new version of DEX OasisTrade in early October.
In addition to adjusting the UI from dark mode to advanced white mode, OasisTrade also added three token trading pairs of REP, ZRX, and BAT. Let’s look at the changes in transaction data brought about by the upgrade:
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2. DDEX Margin launched on the main network
After being audited by the blockchain security company PeckShield, the decentralized exchange DDEX Margin launched the Ethereum mainnet on October 17. DDEX said that this version provides one-stop lending + leverage services, and users do not need to go to the lending platform and trading separately The exchange platform introduces the futures model of the original centralized exchange into DEX, and supports up to 5 times leverage to call and put Ethereum. In addition, the commonly used lending functions in DeFi are directly integrated into DEX. Currently, DAI, ETH, and USDT deposits are supported. Among them, DAI has the highest annual interest rate, reaching 5.72%, and DAI, USDT loans are also supported.
DDEX has one platform, two experiences, which lowers the threshold for users to use, and joins the DeFi lending ecology to drive the growth of the DEX market. Can such innovative attempts bring results? Throughout October, the data on the number of transactions and transaction value of DDEX are as follows:
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As an important part of the DeFi ecosystem, DEX's value is immeasurable. However, the current DEX market generally has the problem of a small user base and a lack of experience. Therefore, many DEX platforms will gradually try innovative mechanisms in the direction of financial extensions such as lending, and try to use more innovative gameplay to activate and stimulate traffic growth. However, the actual It seems that the overall data of major DEX platforms is still unstable, and the market needs to be continuously cultivated and developed.
The problem is big, but compared with traditional exchanges, the data transparency of DEX has brought more room for imagination to the development of the industry. Similar to the exploration of Binance DEX, and the extension of DDEX in financial innovation, it will gradually Bring development and opportunities to the DEX market.
