FlowX Finance Monthly Report: September 2023

FlowX has been operating on the mainnet since July, and over the past 3 months, the FlowX team has been actively working towards developing products, building communities, and ensuring a secure trading environment for all users on Sui.

Moreover, September proved to be an exceptionally thrilling month for the FlowX team. Let’s now delve into the details regarding FlowX’s performance in September.

Launching LoyaX — FlowX Loyalty Program

In September, we organized LoyaX, a FlowX Loyalty Program, to show our appreciation for the contributions of our most loyal FlowX users. Moving forward, our loyal users can expect even more benefits from FlowX. Learn more about the FlowX Loyalty Program here.

During the LoyaX event, our team also conducted tests on new features that will be implemented in the future.

• Referral: Users now have the ability to customize their referral link and share it with others to earn points together. In the near future, we will utilize the referral tool to track the trading volume generated by our users.
• Leaderboard: Users complete tasks to increase their score on the active level leaderboard.

Currently, LoyaX has over 2050 participants, and we look forward to welcoming even more participants in the remaining time.

Incubation new project onboard Sui

Last September, the FlowX team also supported the Sacabam team — a native meme coin on the Sui project — during the project development process:

• Price notification bot on Telegram: This is one of the most important tools to help users stay updated with accurate information about Sacabam’s price, liquidity, trading volume, and more.

New features updated on FlowX

In September, we also placed a strong emphasis on the development of our product, with several features being updated and integrated:

• Multi-Login: New feature to make it more convenient for users to interact with FlowX — Multi Login. With Multi Login, users will find it easier to switch wallets when swapping, adding liquidity, and more on FlowX.
• Farming as a Service (FaaS): In addition to supporting new projects easily and conveniently when launching liquidity pools on FlowX, FaaS also supports projects: FaaS Link
• Bridge integration with Wormhole: To onboard more users to Sui and make it easier for Sui users to interact with other ecosystems, the FlowX team has partnered with the Wormhole team and successfully integrated the Wormhole bridge into our dapp: Wormhole Bridge
• Bridge integration with HeroSwap: In addition to integrating with Wormhole, the FlowX team has also diversified the user experience by integrating with HeroSwap. Users now have more options when bridging on FlowX: HeroSwap Bridge

New Token Listing on FlowX Finance

We were pleased to onboard 3 new tokens on FlowX. This further demonstrates the preference of new tokens on Sui to choose FlowX as DEX to deploy liqudity.

While FlowX may not have the highest Total Value Locked (TVL) or trading volume on Sui, the FlowX team remains dedicated to its original vision of decentralization and permissionless.

Projects will retain full autonomy over their decisions, and users will have increased chances to uncover promising opportunities on FlowX.

Attend Sui Builders House in Singapore

Last September, the FlowX team took part in the Sui Builders House event in Singapore. During this event, we had valuable discussions with partners and builders in the Sui community. We also gained valuable insights and learned about the latest advancements in Sui’s technology. This knowledge will influence the future development of FlowX, making it more user-friendly, attracting a larger user base, and supporting a wider range of projects on the Sui platform.

Conclusion

In September, FlowX saw consistent and positive growth in its key metrics, including TVL (Total Value Locked) and trading volume. All indexes showed stable growth during this period.

• TVL: FlowX’s Total Value Locked (TVL) remained stable at over $950K and experienced slight growth, reaching the $1M milestone by the end of September.
• Total trading volume: FlowX’s trading volume remained stable and gradually increased. Currently, FlowX’s total trading volume has surpassed $13.8M.
• Total Active Accounts: FlowX’s total active accounts also exceeded 5,700 in September.

With the unwavering dedication and collective efforts of the FlowX team, FlowX has now officially achieved the distinction of being one of the notable projects to receive a grant from the Sui Foundation. This accomplishment highlights FlowX’s significant contributions to the Sui ecosystem and its user base.

Furthermore, this achievement serves as a catalyst for the FlowX team to further enhance their efforts in the future, with the aim of advancing a secure trading environment and making even more substantial contributions to the overall development of the Sui ecosystem.

Join FlowX Finance’s community today:

Website: https://flowx.finance/

Discord: https://bit.ly/flowx-discord

Twitter: https://twitter.com/FlowX_finance

Telegram: https://t.me/flowx_finance