Hey Algebros! Let’s dive into the second Weekly Digest of this spring, with much exciting news, including:
- New $ETH / $ALGB pair on Camelot, Arbitrum
- Algebra BBQ keeps surpassing 1M in $ALGB
- Algebra’s Growth: $212M TVL, $572M Volume ATH
- Media coverage by influencers & partners’ communities
- 6 DEX x Integral launches are yet to be revealed!
And much more — find out below.
New $ETH / $ALGB pair on Camelot, Arbitrum
A great new $ETH / $ALGB pair is accessible on @Arbitrum through our beloved Algebra-powered DEX, @CamelotDEX.
You can now trade $ALGB & provide liquidity to the $ETH / $ALGB pool. Get ready for upcoming ALM strategies from @GammaStrategies, boosting the LPing efficiency to wuthering heights!
Available here: https://info.camelot.exchange/pair/v3/0x2c5744d52c9b9aafd02f993b9898d17768a97515
*Not a financial advice. DYOR!
6 new upcoming integrations with Integral are yet to be revealed!
Now we’ve got another DEX gearing up to be powered by Integral V4 & it’s still under wraps! Can you guess its name or which chain it’ll debut on?
Currently, we have @SwapsicleDEX live on Telos & Mantle, along with three upcoming DEXes — @FenixFinance on @Blast_L2, @okxchange on @X1_Network & @YakaFinance on @SeiNetwork. Buckle up for the journey ahead!
Algebra BBQ keeps surpassing 1M in $ALGB
💰 We’ve repurchased 580,995 $ALGB tokens from the market using the DEX fees we obtained through the usage of our CLAMM: https://polygonscan.com/tx/0x630f218e3390905363f71f5103edbfe79232c430eceb94086b83ac3c453d9273
🔥 We also Doubled this sum by using Treasury Fund, resulting in the burning of 1,161,990 ALGB tokens: https://polygonscan.com/tx/0x3eac665377df2ac904d3a64f8a11825ee76e036ca61c9cae04d5e8651bc743e9
A wave of spring growth in Algebra ecosystem
📈 Here’s what’s blooming in our ecosystem:
💰 TVL reaching a blooming $202M (now it’s $212 Million!)
🔊 Trading volume’s ATH — $572M
🧩 9 DEX integrations with Integral V4 on the horizon
⛓ New chains: SEI, Blast, X1 & more
💱 25M+ total transactions
💪 $32 Billion Cumulative Volume across all DEXes
💰 Fees on all Algebra-powered DEXes ATH: $641k
A surge in stats of Algebra-powered native DEXes
Take a look at DefiLlama’s stats — @LynexFi is the 1st DEX on Linea, @StellaSwap is #1 on Moonbeam & @ThenaFi_ is 3rd on BSC, overtaking Uniswap & leading the charge, while setting records on their chains.
DefiLlama analytics: http://defillama.com/protocols/Dexes
Algebra V3-powered farms are available on Gnosis via Swapr
@Swapr_dapp’ farms powered by Algebra jointly with @GammaStrategies and @AngleProtocol are now available on @gnosischain.
Check out the @Swapr_dapp team’s official announcement here: https://twitter.com/Swapr_dapp/status/1760709588972863722?s=20
SEI drops a snippet from their past Ecosystem AMA with Algebra founder
Check out Vladimir’s snippet here: https://twitter.com/SeiMarines/status/1765807864650903882
Media coverage: a thread by DeFiMaximalist
Check out a great supportive thread by one of our partner influencers, available here: https://twitter.com/lstmaximalist/status/1765095079885361505
Media coverage by the supportive THENA community
Check out a nice thread about Plugins by @EgorKomendant, one of the active participants of THENA community. Thank you for the credit, Egor!
https://twitter.com/EgorKomendant/status/1764413830522618343
Media coverage by @AjinkyaWeb3, team Swapsicle
Check out a post about the impact of Concentrated Liquidity tech here: https://twitter.com/AjinkyaWeb3/status/1763913566317592810
We appreciate your support, Ajinkya!
About Algebra
Algebra is a Protocol enabling projects to integrate Concentrated Liquidity tech, alongside other groundbreaking features — Dynamic Fees, Built-in Farming, and more. Already seamlessly integrated into various DEXes across different chains, including Camelot, THENA, QuickSwap, StellaSwap, Zyberswap, Lynex, Magma, Swapsicle, Synthswap, Hercules, Swapr, and more, Algebra propels them to higher trading volume & enhanced capital efficiency. Learn more on our website: algebra.finance.
$ALGB is the platform token of the Algebra Protocol, used for governance. Weekly buybacks & burns are aimed to reduce the circulating supply & increase the ALGB value. ALGB on CoinMarketCap.
