Trading volume

Structure of this article:

• Trading volume

• Counterfeit currency incident

• user experience

• user experience

• Trading volume

Trading volume

JustSwap official website data. Less than 24 hours after it went online, the transaction amount was 6.25 million US dollars, and the number of transactions was 25,000.

Comparing the data of other exchanges in the overall DeFi ecosystem:

The picture above shows the data of 21 decentralized exchanges captured and counted by DeBank. The total transaction volume is 441.35 million US dollars, and the overall calculation ratio is: 6.256849/441.35=1.42%

Ranked according to the trading volume of exchanges, because it has not been a day since JustSwap was launched, many well-known DeFi websites have not included it in the statistical scope. Let us calculate it ourselves. If the daily trading volume of 6.25 million + US dollars is included in the calculation tomorrow, it should be among all Among the DEXs of the DeFi ecosystem, it ranks tenth after Bancor.

If ranked according to the number of transactions, it ranks second only to the 120,000 daily transaction frequency of Uniswap V2.

The activity is much higher than the 1178 transaction frequency of Curve, which is currently ranked second (that is, the third place tomorrow).

Now, among the top 21 DEXs, the number of transactions on August 18 was 151.63K, and Uniswap V2 accounted for 80%+. If the 25.548 transaction frequency of JustSwap is included in the statistics, 25.548/151.63=16.85%

Remarks: The above directly uses the 21 DEXs currently counted as the denominator parameters. The actual calculation denominator should be included in the JustSwap data. If the calculation is rigorous, the data is adjusted to:

Transaction volume ratio: 1.40%

Transaction frequency ratio: 14.42%

evaluate:

evaluate:

secondary title

Counterfeit currency incident

These are the top ten currencies with the largest circulation on JustSwap.

The DeFinition (DZI) project has attracted a certain amount of attention. When JustSwap was launched, three tokens with the same name had already appeared. The LOOP project declared that its real currency did not have a logo. Counterfeit money looks more real than real money.

A series of incidents caused dissatisfaction among some customers, who believed that it was due to the lack of strict auditing projects of the exchange.

evaluate:

evaluate:

First, JustSwap does not need to be responsible for the counterfeit currency incident, because DEX itself has no responsibility to verify the authenticity of the listed currency. If investors want to participate in DeFi projects, they must pay close attention to the dynamic updates of the official team. If you invest rashly after research and follow-up, you will be cheated. In fact, you cannot find DEX to protect your rights.

secondary title

amount of users

The specific actual data cannot be counted. If analysts have a better method, please let me know.

The currency holding address does not indicate the number of users. A user can have n currency holding addresses, and n can be very large, which has no reference for data statistics.

Tron officials claim that there are 400,000 actual users. Some media have underestimated the figure of 400,000. How can we judge how many people are actually using JustSwap?

I found a special method here:

Using JustSwap’s service requires a TronLink wallet. Now just check how many people are using TronLink wallets.

The above is the data obtained from the Chrome web application store (compared with the MetaMask Ethereum wallet, MetaMask is ten times stronger). 25,000 times, if 100,000 TronLink users are attracted by 1%, there will be 1,000 users, and each user will trade 25 times. If 10% is attracted, then it will be 10,000 users, each of whom will trade. This assumption and inference are not accurate, who will trade 25 times in the above 18 hours, relevant personnel of the project party, relevant personnel of the JustSwap platform. Therefore, it can be estimated that the actual number of JustSwap users may be thousands.

user experience

user experience

You can also refer to:"Beginner's Guide | This article teaches you how to play JustSwap! "

This is the novice guide to JustSwap officially displayed by Tron. After reading it, I found that its gameplay is almost exactly the same as Uniswap. From fee settings and economic models, from interface settings to code writing.

Therefore, to understand JustSwap, first understand Uniswap. references:"Full-dimensional in-depth analysis: the front and back of Uniswap》

secondary title

Future Development and Competition Situation

The competition between JustSwap and Uniswap can be put aside, because the product similarity is very high.

The competition between JustSwap and other DEXs is more like the public chain ecological competition between Tron and ETH. If we compare the details of the public chain war, this article will be very lengthy. Here is a brief account of my point of view.

First, the current ecological construction of DEX in DeFi is almost entirely based on the ETH chain, which requires a market spoiler, resulting in a "catfish effect" in the competitive landscape. Tron and JustSwap led by Justin Sun are such a catfish, which is very important for the entire DeFi Ecology and DEX ecology are very important;

Second, the ETH transfer fee is too high, and the problem of network congestion cannot be solved well at present. Tron's response speed is relatively good. Let's put aside the proposition of distribution or decentralization. The user experience of the JustSwap exchange on Tron is relatively better, not because of how good the exchange is, but because of Tron itself. Advantage.

Summarize

Summarize

At this time, it seems that the content of the five dimensions should be made into a spider diagram for readers to see at a glance. Doesn't make much sense for this article. You can start from any of the five dimensions of mathematical proportion of transaction volume, analysis of counterfeit currency incidents, reasoning on the number of users, user experience evaluation, future development and competition situation and follow the context given in this article to dig out new things.

The story of JustSwap is still going on, and this article is more based on the evaluation and reasoning of basic quantitative logic. In the future, there will be more new projects in new DeFi scenarios, and I will continue to conduct multi-dimensional evaluation and analysis.