As 2022 comes to a close, we take a look at AirSwap’s progress as a decentralized trading network and open digital organization. Read on for our yearly review and a peek into what’s in store for 2023.
A growing trading network
AirSwap saw $1.5B in trading volume across 640K swaps as the AirSwap V3 protocols drove more integrations and trading volume than ever before, across 6 chains including Ethereum, BSC, Polygon, Arbitrum, RSK, and Avalanche. Participants in the decentralized governance process were rewarded for their efforts with over $1.4M in protocol fees.
AirSwap captured 70% of ether-stablecoin volume on some days and as much as 50% of overall daily volume on MetaMask Swaps. More frontends also integrated AirSwap including CoWSwap and StakeDAO, routing $20M+ volume from these platforms. New market makers continue to come online, as the setup process is trustless and fully self-service.
Contributors delivered new product features and server types and worked hard to prepare AirSwap Protocols V4 and AirSwap OTC V2 for launch first thing in the new year. The new Protocols V4 release includes a revamped Swap contract to handle a variety of token types, and OTC V2 includes a feature to list and browse available swaps in any token.
Contributors continue to work on the AirSwap NFT Marketplace, with which NFT communities can configure and launch their own decentralized token swapping frontends powered by AirSwap on any supported network. This puts power into the hands of NFT communities where it belongs and enables swaps in ERC20s, ERC721s, and ERC1155s.
An active global community
With nearly 5K Discord members and over 55K Twitter followers, our online presence remains strong and continues to grow. We’ve seen more language communities develop, including AirSwap Francophone, of which several active contributors are members.
This year we organized our first in-person meetups — in Brussels, Nantes, and Paris — giving us a chance to meet and get to know each other IRL. In Nantes, we celebrated the 5-year anniversary of AirSwap on October 10th and then wrapped up the year in Paris, where we held a holiday meetup to catch up with everyone before year end. We are all grateful to be working with each other and look forward to building a strong and vibrant community in 2023.
In total, 37 individual contributors worked together on product strategy, protocol development, product design, app development, marketing and more. Averaging 20 contributors per month, we’ve continually improved the onboarding process for new contributors so that anyone with skills and interest in our mission can join up, participate, and be compensated fairly.
We even launched a community store so that you can rock AirSwap too!
An exciting year ahead
After continuous improvement since DAO launch, AirSwap has developed into a digital organization capable of perpetually delivering positive impact. We thank our contributors, members, and fans alike for giving your time, attention, and energy to help us achieve our vision of a future empowered by trustless technologies.
AirSwap Protocols V4 and AirSwap OTC V2 are right across the horizon. If you’d like to play a part in building the future of decentralized trading systems, come help us develop and deliver these and new protocols and products throughout the coming year.
Across protocol and application development, product and visual design, product management, marketing and more, we welcome you and to come put your skills to work with us towards a brighter future. To jump in, just head over to the Discord and say hello.
We thank our community for 2022 and wish you a happy new year! 🍾