Beamswap quarterly report Q1 2024
New record-breaking volume stats, significant platform upgrades, and plenty of community incentives marked the first quarter of the year.
How time flies when you’re a master of your finances. As we approach the mid-year mark fast, it’s only appropriate to review our quarterly accomplishments in the Moonbeam DeFi arena and beyond.
Q1 2024 highlights
🎂 2 years and counting
The turn of the year brought one more reason for the Beamswap team to light fireworks. ✨ We celebrated two years of tireless work, ambitious goals, the invaluable support of our community — and the results that stemmed from everything we put in.
At the young age of two, Beamswap is a leader of the DeFi space in the Moonbeam and Polkadot ecosystems. And we’ve only just begun.
Dive into our most memorable achievements.
📈 Volume
Your DeFi platforms of choice, Beamswap and DeFi, started the year off strong, too — with millions added to trading volume stats on a monthly basis.
Beamswap v3 has accumulated well over half a billion USD, while Beamex has recently hit over 60 million USD in trading volume.
Moving steadily towards the platform’s goal of self-sustainability, the order execution fee on Beamex was cut in half, further incentivizing traders’ engagement on the only decentralized perpetual exchange on Moonbeam.
Beamex has become one of the fastest-growing DEXes in the Polkadot space, thanks to:
✔️ Fully decentralized limit orders
✔️ Optimal efficiency
✔️ Low cost and price impact
✔️ Advanced trades
✔️ Profit sharing
✔️ And more
🔑 New integrations
The Beamswap DeFi Hub has experienced several important upgrades, further perfecting its offering and satisfying user demand.
First, we launched Beamswap Lottery, where users can try their luck and win from a pool of rewards. Read more 👉 here.
Next, the Beamswap Yield Booster (Vote) feature was established, allowing users to improve their farming game by pumping rewards in their pools of choice. Learn more 👉 here.
And finally, Beamchef V3 smart contracts were upgraded to improve the platform with lower transaction costs and individual control of stGLINT rates, ultimately expanding the stGLINT token’s utility. Read more 👉 here.
💻 UI/UX
And it wasn’t only about back-end tweaking — we enhanced traders’ experience with several significant improvements of user interface, too.
The revamped Burn dashboard 2.0 on Beamswap delivers a clearer overview of the recent GLINT burns, topped with key metrics and overall simplified navigation.
With the V3 Liquidity UI Update, users can enjoy a seamless and refined liquidity management experience under one roof, enabling faster and easier V3 liquidity provision.
Beamex underwent UI tweaks, too, to deliver decentralized perpetual trades in a more seamless and intuitive way for easier navigation and greater portfolio-growing opportunities.
💰 GLINT
Beamswap’s native token, $GLINT, was listed on the MEXC exchange in the USDT pair. The listing represents an important milestone for Beamswap as it helps $GLINT reach a wider crypto community. Get it here.
What else happened
We partnered with and integrated:
🔀 Swing for deep asset liquidity and smooth cross-chain swaps
🎀 PINK to allocate $PINK tokens to Beamswap and Polkadot communities
🔀🎀 Swing + PINK to enable $PINK purchases from other EVM chains
Other highlights
🎀 Beamswap listed $PINK, the chart-topping meme coin on Polkadot, and
🎀 right away, $PINK hit over $1,000,000 in volume as the 1st meme coin
🎀 A series of $PINK Activities was launched to reward users with airdrop
💸 Beamex listed xcUSDT as a part of the strategic asset pool
🚦 The team updated the Beamswap 2024 Roadmap with new goals
🚜 Beamswap reopened deposits into Gamma Strategies V3 Farms
💰 Winners of the 12 Days of DeFi challenge received USDC and stGLINT
💸 Beamswap’s Discover $GLINT Giveaway distributed rewards to winners
📈 Beamex Perpetual Power Play Trading Challenge awarded top traders
Dive into details of monthly highlights. 👇
More exciting news, updates, and highlights are coming your way, so stay tuned and enjoy the decentralized finance from the comfort of your wallet with Beamswap and Beamex. Stay DeFiant! 📈
About Beamswap
Beamswap is a DeFi Hub built on the Moonbeam Network featuring a decentralized exchange (DEX) and an automated market maker (AMM). It gives users the freedom of adding liquidity, performing peer-to-peer transactions, swapping fungible tokens, and earning passive income from staking and yield farming. Beamswap will support the growth of Moonbeam’s ecosystem and act as a launchpad for new projects developing on the network. Our team’s mission is to aid in the multichain vision to serve as a host for projects on the Moonbeam & Polkadot Ecosystem while working alongside projects with existing infrastructure looking to bridge into the multichain universe.
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