Econia Labs’ March Recap
Move March Madness (MMM)
March, like the previous months, has been a fruitful time for Econia Labs and the frontend integrators, marked by campaigns, milestones, and product updates. Let’s go through what we cooked.
Econia Labs Spring Equinox
The Econia Frontend Goes Live
Econia Labs marked a significant milestone with the launch of The Econia Reference Frontend. After months of meticulous development, we unveiled this robust UI designed to empower other protocols wishing to integrate with Econia. This release underscores our dedication to simplifying and accelerating the early stages of DeFi product development, providing a dual benefit for developers: a user-friendly, easily forkable resource alongside seamless engagement with the Econia Protocol.
Chatting all things DeFi
The energy of Move March Madness propelled us into the heart of the DeFi conversation, with our team making appearances on key podcasts and engaging in various Twitter Spaces. Our Co-Founder Alex Kahn talked with Logan Jastremski on his podcast about everything DeFi, Econia, and why we chose to build on Aptos. Along with this, we also hopped on a Twitter Spaces discussing “The Future of Capital Markets”, with our peers over at Superposition.
Econia Stats
This month shaped up to become our best month in terms of Total Trading Volume, with the Econia protocol breaking both the $70 Million & $100 Million milestones within a one-week timespan, finishing the month with just over $120 Million in total spot volume.
Ecosystem Updates
Let Aptos Cook
Since our last update, several teams have embarked on new Econia integrations. These include Flipside’s Econia Quests, which empower users to follow and learn, and CRED, which allows Econia users to earn $CRED by utilizing the Econia protocol. However, these projects represent just a fraction of the development happening within the Aptos ecosystem over the past month.
Furthermore, the Aptos ecosystem has achieved a milestone by surpassing 350 million in total TVL (Total Value Locked), demonstrating significant growth and vitality across the network. In addition to setting new records, Aptos is excited to announce its integration with Stargate this month. This integration paves the way for a new wave of cross-chain liquidity to flow through Econia, strengthening our community. Ape-tos together strong!
Kana Labs
Kana Labs rolled out an exciting referral contest, rewarding users with 2000 APT. Alongside, Econia Labs backed the initiative with a complementary Galxe campaign, awarding an OAT to users upon completion. This collaboration led to their Trade & Earn Contest shattering expectations by achieving over 10M in total trading volume. The Trade & Earn Galxe Contest distributed 1500 APT to its participants, which not only engaged the community further but also rewarded its active members.
These achievements signal the beginning of a remarkable season for Kana Labs. The company has been consistently hitting significant milestones, including reaching over 1 million USD in volume within 24 hours, and then swiftly surpassing 2 million and 3 million in daily volumes, showcasing its growing success and impact.
Aries Markets
Aries Markets, introduced support for amAPT from Amnis, enhancing the diversity of assets available to their users. In partnership with OKX, they launched a 50k USD giveaway as part of a Learn-to-Earn Campaign, encouraging users to engage and learn more about the platform.
Additionally, Aries Markets introduced Cake Incentives, rewarding users with 1400 APT for depositing Cake from PancakeSwap. This initiative was well-received, contributing to Aries Markets breaking 250 million in TVL (!!!!).
Panora
This month marked a significant milestone for Panora, previously known as SwapGPT, as we celebrated a comprehensive rebranding. To honor this occasion, we initiated a Galxe Campaign that not only spotlighted the rebranding effort but also aimed to deeply engage the community in Panora’s new chapter. In addition to the successful rebranding, Panora reached an impressive milestone by achieving $5 million in total trading volume.
Pontem
Pontem has achieved notable success by integrating with Galxe, significantly enhancing community engagement and offering users additional opportunities to interact with and benefit from the platform. This strategic move led to Liquidswap surpassing an incredible milestone of over 10 million swaps completed.
Simultaneously, while rolling out important updates for their platform, the Pontem team and their $doodoo adventures are becoming a potent catalyst for meme coin mania on the Aptos blockchain. This trend is characterized by soaring prices and a daily increase in the number of holders, painting a promising picture for the future.
The landscape of Cr-Aptos has never looked better!
