Meet the Future of VastDEX Through Data
At 16:10 on January 18, golden financial data showed that UNI and SUSHI continued to rise. UNI rose short-term and broke the US$9.2 mark; SUSHI rose short-term and broke the US$7.7 mark. So far, UNI has reached a new high, and SUSHI is close to the historical high.
Corresponding to the continued increase in the price of decentralized exchange (DEX) platform currency, the monthly transaction volume of the decentralized platform this month may break the record high in September 2020. (Reminder: Anyone can create and name any ERC20 token on Uniswap. Please be aware of the risks when redeeming tokens.)
DEX track data rises rapidly
According to the data compiled by TheBlock, the current DEX trading volume in January 2021 was 26.01 billion US dollars, and there is nearly half a month in that month. In September 2020, driven by the DeFi boom, DEX transaction volume reached $26.6 billion. Uniswap currently accounts for 44.85% of January’s transaction volume, SushiSwap is 22.19%, and Curve is 12.98%.
At the same time, Golden Finance reported that Dune Analytics data showed that the trading volume of the decentralized exchange (DEX) this month has reached 45.2 billion US dollars, a record high. In less than two years, the cumulative monthly transaction volume of these platforms has soared from a negligible $39.5 million to $45.2 billion.
Two carriages on the DEX circuit (UNI\SUSHI)
As the star of DEX, Uniswap is a typical representative of the automatic market maker system (AMM), and AMM represents a direction of the future financial transaction system reform. Many analysts admitted that if Uniswap can further promote the innovation and improvement of AMM in the future (such as reducing impermanent losses, etc.), then Uniswap will usher in greater brilliance.
As we all know, Sushiswap is a DEX project that “duplicates” Uniswap. The core design completely imitates Uniswap, mainly adding SUSHI for liquidity mining, and thus plundering a large amount of liquidity of Unsiwap. The subsequent launch of UNI boosted Uniswap’s trading volume. DeFi is also booming in the summer of 2020.
With the rapid rise of the DEX track, centralized exchanges are facing a great survival crisis. The three major exchanges have also started the construction of smart chains. The Huobi ecological chain, which has been very popular recently, has occupied a large gimmick in the market. The development momentum is very fast. The Huobi ecological chain Heco has been online for one month. Although the time is relatively short, the overall data of Heco has increased rapidly. The lock-up mechanism exceeded US$800 million in a month, and early users who participated in it have a lot of benefits. . After the launch of Huobi’s own DeFi ecosystem, users are naturally very popular with Huobi’s “Family Bucket” product, and major communities are also discussing the benefits of participating in mining with various products on Heco.
The future of VastDEX
VastDEX operates as a liquidity pool built on the underlying public blockchain blockchain of Vast. As a liquidity provider, it provides assets to the pool and earns interest, while the borrower borrows from the pool and pays interest on the debt. In essence, VastDEX bridges the gap between lenders who want to earn interest from idle funds and borrowers who want loans for production or investment purposes.
VastDEX liquidity mining
VastDEX establishes a liquidity mining mechanism, and users provide liquidity for the product’s fund pool and can obtain income. The liquidity mining mechanism shapes long-term and more viscous liquidity, attracts a large amount of funds to provide kinetic energy, and thereby increases the influence of VastDEX. VastDEX has designed a reasonable and innovative decentralized fund pool model to complete user incentives through the interest rate mechanism to inject higher liquidity. In addition, liquid mining also provides more effective incentives for the cold start of the project.
Liquidity mining is essentially in the decentralized dimension, effectively linking value islands, accelerating the frequency of value exchange, and ultimately promoting price discovery. Simply put, this is equivalent to the currency of countries in the world, from being isolated from each other and not recognizing each other, to achieving a reasonable dynamic exchange rate equilibrium.
Although VastDEX has not fully announced the date yet, at that moment, it must be a world-class benefit, because DeFi itself is a great ecology. At the same time, on Vast1.0, it has accumulated a large number of user bases and provided VastDEX. A good start. In the future, VastDEX will cover many DeFi sectors such as asset-based agreements, DEX, lending, derivatives and insurance, NFT and games, data services, wallets, storage and mortgages, etc. When the DeFi facilities on VastDEX become more and more complete, its development The speed has the tendency to catch up with the existing DEX track.
