DeGate Monthly Update July | Gas Fee now Halved
DeGate is a ZK-Rollup Order Book DEX that allows you to do free grid trading and DCA. It enables spot trading with limit orders while you self-custody your funds. DeGate has no fees for Maker orders and very low fees for Taker orders. It offers distinctive trading features — decentralized grid strategy and DCA. Trade on DeGate Order Book DEX now: https://app.degate.com/
DEX Statistics
We’re pleased to note that in July, DeGate’s monthly trading volume was $215.9M, a 20% increase compared to last month. DeGate continues to be among the Top DEXes on CoinMarketCap. We’ve seen new organic users coming to trade ERC20 and cross-chain assets.
The crypto market is going through high volatility, and DeGate DEX was designed to be a safe place that serves every crypto user at this critical moment. Whether you want to buy the dip, sell at profit/loss, or DCA into the future, DeGate is running smoothly as it should with good liquidity depth, 197 trading pairs, and low fees.
An Elevated Product
We have been busy building these past months, and here are some highlights.
Gas fees are now halved! Despite already low gas fees, you’ll now pay only half the gas fees for taker orders, including all market orders. For example, the actual gas fee for a market buy is just 1.7 cents. And remember, Maker orders are FREE.
New Send Fund Options
DeGate now offers two modes for sending funds: Economy and Fast.
• Fast Mode: This option has a slightly higher gas fee but guarantees arrival within 10 minutes.
• Economy Mode: Perfect for those who have time and want to save on gas fees.
The great thing is, whenever someone initiates a Fast Send, Economy Send requests get processed immediately. It’s like taking a free ride.
Limit Order Minimum Size reduced to $50
To enhance your trading experience, the minimum order size for a Maker limit order has been reduced from $100 to $50. This decrease greatly improves the flexibility of grid trading, allowing users to open grid strategies with a lower amount.
UI improvements
Several UI improvements have been implemented:
1. DCA Plan: When creating a DCA Plan, the user’s available balance is now displayed.
2. Trade Amount Adjustment: Users can adjust the trade amount by dragging the slider bar or long-pressing the + and — buttons on the mobile version.
3. Mobile Design Enhancements:
• The header and navigation design of the homepage have been revamped for the mobile version.
• The button design for enabling signature-free mode (next to the place order button) has been updated.
4. Liquidity Indicator: An indicator for better liquidity is shown when a token has more than one trading pair in the search results.
5. Order Book Statistics: Simple statistics will now appear when hovering over the order book in the web version.
6. Grid Strategy Prompt: The UI for the prompt to sell a token after ending a grid strategy has been improved to avoid incorrect operations.
Italian Version is Live
Since our mainnet launch, we’ve been seeing steady growth from Italian users. From user interviews, we’ve learned that they use DeGate as a DEX alternative to their usual CEX. Things they like: self-custody, NO KYC, grid trading and DCA. The Italian version of the DeGate App enhances Italian users’ trading experience and will facilitate user growth in Italy.
This is just the beginning, we are also seeing users from other countries in Europe and Asia. More languages will be added in the next months.
WazirX Relief Campaign
It is very unfortunate to hear about the WazirX hack and its traumatic impact on its users. However, every situation like this is an opportunity to educate users about self-custody. DeGate launched a Relief Airdrop to support the affected users and introduce DeGate as a secure and trustless order book DEX. DeGate’s brand awareness has started to spread in the Indian crypto community through this campaign.
Attending Conferences
In July, DeGate made its presence known at several major crypto conferences across the world.
• ETHCC: DeGate set up a side-event booth and organized our iconic football tournament. Check it out here.
• Malaysia Blockchain Week: DeGate had a booth at the main venue. Our evangelist Alvin delivered a speech titled “Rise of the Crypto Nation” (See more details). Andrew participated in a panel discussion and hosted a trading workshop introducing the DeGate Order Book DEX to traders, Learn more here.
- EDCON: DeGate presented at our partner Jasmy’s event and promoted the DeGate Order Book DEX to Japanese traders and influencers. We also contributed to ETH Panda’s Co-living project, spreading DeGate’s brand awareness among hackers.
Through these events, we successfully built trust within the industry, enhanced DeGate’s brand awareness, and accelerated user growth.
More information
DeGate is looking for Contributors:
DeGate is looking for talented contributors.
Check out this link
About DeGate
DeGate is an Order Book DEX on Ethereum built with Zero-Knowledge technology. DeGate provides spot trading with Limit Orders on a DEX. In addition, DeGate offers a decentralized grid trading function.
DeGate is focused on being user-friendly and is built on the principle of Trustlessness, or ‘Can’t do evil’. Users can expect super-low gas fees that are the result of DeGate’s special Efficient Gas Saving technology. This innovation ensures significant gas savings while maintaining a decentralized protocol.
DeGate also enables permissionless listing, meaning that any token can be listed in a permissionless manner through an open listing mechanism. DeGate Mainnet is live on https://app.degate.com/.
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