Swapr celebrates three important milestones!
A dapp created permission-less and decentralized commemorates a monumental week.
This is a celebration post!
This post is to celebrate Swapr and the incredible milestones it has reached up until now. We have chosen to do this publicly to express our gratitude to the many parties who have helped in getting Swapr to this point.
We wish to highlight the very important part you, as our community, have played and continue to play every day. For those who were not here in the beginning, Swapr started off as the ambition of a community committed to, above all else, buidling a permissionless and decentralized future.
It has barely been a year and a half, and users have already witnessed so many improvements implemented on the dapp, contributing to the phenomenal growth that has taken place over the past months.
Without further ado, the 1st milestone that Swapr hit last week was…
One Million Transactions! 👏
This is an astounding number to reach that is backed up by an all time volume of over $243 million and counting. The transactions are spread across Gnosis Chain, ArbitrumOne, and Ethereum in descending order. You can find all this info and much more in the new DXstats dashboard. This milestone could not have been achieved without you, the Swapr community. We are forever grateful for your support — this post also celebrates you!
We have reasons to believe the actual transactions placed on Swapr are significantly more than just a million. How could this be? Swapr pioneered a unique functionality dubbed “eco-routing”, gathering quotes from the most liquid AMMs in the space and granting users the ability to route and execute their trades on those without leaving Swapr, for free. And because Swapr is privacy preserving, meaning it has no cookies and doesn’t collect or track personal user data, the public on chain activity only shows us the transactions in Swapr’s own contracts.
The 2nd milestone that Swapr hit this past week was…
One Thousand Pull Requests! 👏
It just so happened that on the very same day that Swapr passed the million mark for transactions, the dev community hit the milestone of 1000 pull requests. It should come as no surprise that since DXdao is committed to decentralization, all of Swapr’s code is open source. You can find the Swapr dApp repo here, or a list of DXdao’s entire codebase here.
There are numerous contributors working on Swapr across the globe. The dev community is constantly working on further developing an industry leading dapp, and none of this success would be possible without them. This post is in part a celebration of their work and achievements so far and we look forward to what they have in store for us in the future.
Last but not least, the 3rd milestone Swapr reached last week was…
The №1 spot on Defi Llama’s DEXes TVL Ranking for Gnosis Chain! 🎉
In bearish times projects and products usually show their true strength, or lack thereof, and Swapr is shining. Last week Swapr shot to the top of Defi Lama’s Dexes TVL Rankings on Gnosis Chain. Swapr has enjoyed a more than 30% growth in TVL over the past month.
This is where we wrap it up altogether as a celebration of all the members of the community who make Swapr the roaring success that it is. Thank you once again to the amazing Swapr community for your own individual contributions, be it trading, contributing, or anything in between. You are the reason Swapr is where it is today 🙇
About Swapr: Swapr is a multi-chain automated market maker (AMM), deployed on Ethereum mainnet, xDai, and Arbitrum. Swapr is the first AMM to allow for adjustable swap fees through governance, as well as the first DAO deployed DeFi protocol on Ethereum; developed organically within the DXdao community.