THE DEEP DIVE — By Monroe 🦇
1/ What is DEXHUNTER ?
Dexhunter It is a DEX aggregator that aims to bring the best value for your tokens by optimized transaction splitting through various DEX. Their goal is to process 50% + of swaps on the Cardano blockchain. As we speak they captured 45% of global trades the last 7 days (22.8 M USD ) — DefiLlama.
2/ The Tokenomics
70% was allocated to presale — they raised 8.83 million ADA and refunded around 3.8M ADA. At the moment the TVL on @MinswapDEX is 1.75M ADA and 1.79M ADA on @SpectrumLabs_ . $HUNT staking will be released in Q1 — The team is working on the legal side.
3 / Protocol revenue sharing / Token buy back
Starting february 1st, 50% of protocol fees will be used for $HUNT token buy back . This is a very innovative approach that reminds me of the stakeholder / dividend model. Rewarding holders. To put that in perspective - This week cardano’s on chain trading volume was 50.76M USD and Dexhunter captured 45% of transactions. I’m excited to see the kind of volume they will get in the bull market.
4/ Platform — Main features
Aggregation, optimization, splitting
Cross-chain swaps partnership and integration (ETA this week) USDC — USDT — BTC — ETH — ADA and more.
Market alerts
Unusual market activity, whale transactions, high volumes, and price shifts all in one place.
Custom nodes
Users have access to their custom nodes, that means faster trades, execution. Currently 190 holders have more than 100k $hunt and access to level 10 node.
Leverage trading implementation — Short /Long positions— TBA
5/ Secondary features
Stop-Loss/Take-Profit/ Limit orders
DCA automated contract in BETA (I had the chance to test it and it’s really helpful)
Basket of token
Token order book
Trending tokens
6/ $HUNT Utility
Community rewarded by token buyback (50 % of protocol fees allocated to $HUNT buyback). At this stage this represnts about 80k-100k $ADA of $HUNT buy back per month with the current volume. This will also reuce circulate supply, making $HUNT a bit more scarce every month.
Potentially staking (Q1 2024) — Depends on legal side
Swap discounts
Access to premium locked features — TBA
Dapp Governance ( Rest of the fees to be used for CEX listing, treasury or other proposals)
Faster trades — custom nodes — Limited number of level 10 nodes.
Speed bonus by staking with partner SPO
Find SPO’s on https://www.dexhunter.io/
7/ Partnership announced
@TapTools integrated Dexhunter swaps
@Xerberus_io offers risk rating for crypto
@vesprwallet is building a mobile App for Dexhunter and integrating Swaps to their wallet
@snekcoinada — The ultimate cardano memecoin — Starting now, SNEK/ADA transactions on http://app.dexhunter.io/snek will contribute to burning $SNEK
@DerpBirdsNFT is integrating DH to their App
@eternlwallet — Integrated Dexhunter in wallet swaps (today)
@exoduswallet is now supported by Dexhunter
@JPGstore integrated DH swaps on their NFT Marketplace
8/ Partnership TBA — 50 Dapps enrolled
9/ Partnership ALPHA
What’s your guess ?(This is my guess from november)
my guess — Derp (already announced) — Polygon or AGIX ? — JPG Store (announced)
10/ Dexhunter Team
Wizardtm and Deelate.
They are becoming a powerhouse. Dropping a new feature every week.
10/ @DexHunterIO — NFT Market
They will also be able to attract a wide #NFT user base working on premium features such as NFT sniping (example : https://jngl.io) or other useful NFT tools which will incentivise to hold $HUNT. @jpgstoreNFT already implemented Dexhunter swaps on their marketplace.
11/ $HUNT — Price technical analysis (november 29th)
Bullish signal : Low on in RSI. MACD cross on daily chart
12/ Conclusion
I’m extremely impressed with the quality and number of features released since launch. The Team has been constantly adapting and delivering which make me believe they will play a key role in the Cardano ecosystem and excel beyond their initial goals.
In my opinion, with a current market capitalisation of 50,383,764 ₳ Dexhunter has a bright future. With Cross-Chain swaps around the corners and token buy back coming in Q1 (protocol fees sharing), expect the buying pressure getting stronger !
is probably one of the most undervalued projects on Cardano.
Dubious speculation — prediction (NFA — my owns views — november 29th)
Dexhunter will be :
Number 1 Dapp in terms of daily users (I think they already are) — 50% + of all trade volume on cardano.
A top 10 Dapp in terms of Market cap (short /mid term) — 50M ADA Market Cap (that would be around 0.64 ada per $hunt) — Update — Just reached top 10 today. I think we’re going for top 3
Next bull cycle : 300M to 700M ADA Market cap NFA DYOR — my own views
Disclaimer : I’m not affiliated with the Dexhunter team. I don’t receive anything from them. This is my own views and nothing I say must be taken as financial advice. Please always do your research.
