DeGate Monthly Update (June ‘24)
Welcome to DeGate June 2024 Ecosystem Update!
DeGate is live on Mainnet!
DeGate is a ZK-Rollup Orderbook DEX that allows you to Trade easy, Sleep easy. 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 DEX now: https://app.degate.com/.
DeGate: The Top DEX
When you go to Coinmarketcap to check a token’s markets, switch to the DEX tab, and you’ll find DeGate among the top! This achievement comes from good liquidity, low slippage, and active trading volumes. DeGate, as an order book DEX, ranks right next to classic AMMs like Uniswap but with lower fees and a much better trading experience. In fact, we’ve been seeing new users coming to DeGate from portals like Coinmarketcap and Coingecko. A high ranking in DEX markets brings organic spotlight to DeGate!
In June, DeGate’s monthly trading volume hit $179M. We added new pairs, including new tokens like ZRO, NSTR, and REZ. We’re stepping up to react quickly to the market, aiming to offer new and trending tokens fast.
The crypto market faces some headwinds due to inflation in the macro economy, overhyped crypto project valuations, and speculation-driven meme crazes. But DeGate is here to stay, whether it’s a bull or bear market. With permissionless listings, we offer everything from the newest memes to long-term value assets, serving everyone — whether you’re a risk-prone degen gambler or a boring value investor.
Deposit to Earn Campaigns
In June, we launched two “Deposit to Earn” campaigns with Arpa and Jasmy. The Jasmy campaign is still ongoing. The goal is to build brand awareness in our partner project’s community and get them to try out DeGate.
The Arpa campaign brought in a TVL of about $285k, and Jasmy hit $411k. We also saw around 100 new DeGate accounts created.
Our initiatives got great support from partners, influencers, and participants.
A memecoin analysis video was published during the Jasmy campaign by Freeman:
https://www.youtube.com/watch?v=MhSIEuQGThE
Participants shared their pleasant discovery of DeGate https://x.com/DipMehtaVerse/status/1804664744382533694
To showcase the campaigns and earning opportunities, a campaign page was launched https://campaign.degate.com/. All the past and ongoing campaigns are collected here.
Product Update
We’re working on adding and sending funds with L2s like Arbitrum and Optimism, something many users have requested. This cross-chain feature will lower costs and barriers for users. If you think Ethereum layer 1 is too expensive, you’ll soon have a cheaper way to join DeGate.
The Sun and the Ether: Why Ethereum Has Already Won
An article by DeGate evangelist, titled “The Sun and the Ether: Why Ethereum Has Already Won,” was published on Hackernoon. The article dives into the philosophical and technical aspects of Ethereum, discussing why the blockchain has value and how Ethereum’s L1+L2 combo effectively addresses trustlessness, security, and scalability. This featured article was read and shared widely in the crypto community.
DeGate is looking for Contributors:
DeGate is looking for talented contributors. Check out this link
About DeGate
DeGate is a spot order book DEX on Ethereum built with Zero-Knowledge technology. In addition, DeGate offers a decentralized grid trading and DCA functions.
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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