Permaswap Newsletter #20
Welcome to the latest edition of Permaswap Newsletter #20, your go-to source for updates on Permaswap and the happenings in our vibrant community. Here’s what’s been brewing in our community these past two weeks
Community Focus
The End of MAP Trading Campaign
As the Map Activity concludes, we are thrilled to share the final data reflecting the incredible engagement and participation from the Permaswap community. Here’s a breakdown of the key metrics.
Permaswap community showcased remarkable enthusiasm throughout the Map Activity, resulting in a substantial total swap volume. The engagement of 1,017 participants is a testament to the vibrant and active user base contributing to the success.
The total number of swaps, totaling 4,867, reflects the dynamic trading activity. Each swap represents a transaction where community members actively participated in shaping the decentralized landscape. As we wrap up this successful Map Activity, we extend our gratitude to each participant for their contributions. Stay tuned for future activity.
DEX Market Data
In the market analysis, we delve into the latest data surrounding all the DEX and the broader decentralized finance landscape. Here are key insights and trends shaping the market:
The past 24 hours witnessed a significant trading volume of $3.062 billion, contributing to the overall robust performance. The 7-day volume, standing at $19.4 billion, reflects sustained activity, showcasing the enduring popularity of decentralized trading.
The dominance of decentralized exchanges (DEX) versus centralized exchanges (CEX) is a crucial metric reflecting the preference of users for decentralized trading. With a dominance of 26.51%, offering users a compelling alternative to traditional centralized platforms.
Building on the SCP Paradigm, DEX Can Achieve AMM Freedom
Permaswap is a first real-time and cross-chain DEX in the Arweave ecosystem, built on the everPay protocol. It’s features such as zero gas fees, zero frontrunning slippage, and 100% permanent data storage, providing a more efficient and secure solution for digital asset trading.
For a DEX, continuous improvement of its AMM model is necessary to meet the evolving market demands. However, achieving a perfect AMM model to cover all needs and solve all problems is challenging.
Nevertheless, Permaswap is a DEX with aggregator-like flexibility, supporting multiple AMM algorithms to provide users with the best prices. How is this achieved? Thanks to its adoption of a new development paradigm — SCP, which is vastly different from the traditional construction path of blockchain projects.
For more infomation: https://medium.com/permaswap/building-on-the-scp-paradigm-dex-can-achieve-amm-freedom-1faed80928b0
The Spoiler of HALO Token
🚀 Get ready for the unveiling of HALO, the precursor to a groundbreaking evolution in Permaswap! 🚀
Halo token is the previous token of PSN for experimental development and early-stage incentive. laying the foundation for the network that would later be enriched by official token, PSN.
HALO is set to bring the community into the spotlight! Imagine a vibrant and engaged collective shaping the narrative. Your voice matters, your ideas count, and HALO is the rallying point for a community-driven movement within Permaswap.
Stay tuned, Permaswap enthusiasts! The HALO saga is about to begin, and the best is yet to come.
Stats
Now for the latest information from the Permaswap dashboard: As of today (2023–11–30 UTC):
- Current Total TVL (Total Value Locked): 247,757$
- Current Pool Count: 10
- Current LP Count: 11
The Permaswap Team
About Permaswap: A cross-chain DEX network with 0 gas fees. All swaps are done INSTANTLY with the power of the everPay protocol. Our goal? Allow you to easily swap different assets from different chains in one place for a quick and efficient experience.
🧑💻 Permaswap official website 🎯White Paper 🐦 Twitter 💬 Discord
