DefiLlama’s DEX Aggregator Reaches $5 Billion in Cumulative Transaction Volume
On March 19th, it was reported that the cumulative transaction volume of the DEX aggregator launched by DefiLlama, an online data analysis website, has reached
On March 19th, it was reported that the cumulative transaction volume of the DEX aggregator launched by DefiLlama, an online data analysis website, has reached $5 billion. Among them, 63280 independent users have used the aggregator for a total of 410200 conversions, with nearly 80% of the transaction volume coming from Ethereum, and Arbitrum accounting for 10%, but the transaction frequency is the highest.
DefiLlama’s DEX aggregator has accumulated a trading volume of $5 billion, or has been airdropped for contributors and users
Analysis based on this information:
The world of decentralized finance (DeFi) is expanding at an exponential rate, with a plethora of new platforms, protocols, and services emerging regularly. One of the challenges faced by DeFi users is managing multiple decentralized exchanges (DEXs) to find the best price for their trades. To address this problem, DefiLlama, an online data analysis website, introduced a DEX aggregator that allows users to access multiple DEXs from a single interface.
On March 19th, DefiLlama announced that the cumulative transaction volume of its DEX aggregator had reached $5 billion. The platform has attracted 63,280 independent users who have used it for a total of 410,200 conversions. Ethereum dominates this ecosystem, accounting for nearly 80% of the transaction volume. However, Arbitrum, one of the latest layer-two scaling solutions launched on Ethereum, is responsible for 10% of the transaction volume, indicating its growing popularity in the DeFi community.
The transactions frequency on DefiLlama’s DEX aggregator is one of its most robust features, providing users with an efficient trading experience. The aggregator allows users to check price quotes from multiple DEXs simultaneously, providing the best price to the users. This feature is particularly essential in DeFi, where prices of digital assets can vary significantly across different exchanges.
DefiLlama’s DEX aggregator has gained popularity among DeFi users, primarily due to its ease of use, efficiency, and support for multiple DEXs. The platform’s $5 billion cumulative transaction volume indicates that there is significant demand for such an aggregator in the DeFi ecosystem. Other DeFi platforms are also introducing DEX aggregators to capture this market.
In conclusion, DefiLlama’s DEX aggregator has been a significant success story in the DeFi ecosystem. It has addressed a critical issue faced by DeFi users and provided them an efficient solution. As the DeFi ecosystem continues to grow and evolve, such aggregators will become increasingly popular, providing users with a seamless trading experience.
This article and pictures are from the Internet and do not represent SipPop's position. If you infringe, please contact us to delete:https://www.sippop.com/5040.htm
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Related recommendations
-
What does it mean to package data in Filecoin (What does the packaging cycle of FIL coins mean)
What does it mean to package data in Filecoin? Many people ask this question wh
-
Relation Protocol: An Innovative Decentralized Social Graph Protocol for Interoperable Social Interaction and Data Sharing
On March 15th, the Web3 social graph protocol, Relation, proposed the EIP-6239 semantic SBT specification general data model, detailing how Relation builds an i
-
Bataan Province to develop blockchain-based monitoring system
According to reports, Joet Garcia, governor of Bataan Province in the Philippines, said in an interview that the Bataan Provincial Government plans to develop …
-
Why can’t digital currency be exchanged for gold (Why is digital currency banned)?
Why can\’t digital currency be exchanged for gold? According to CCN news, why ca
-
ANZ Ventures into Offline CBDC Payment with Smart Cards in Two Australian Universities
It is reported that ANZ is cooperating with two universities to try offline CBDC payment through smart cards, which can load funds and be used like physical cas
-
What is the Okex Beta version for (Okex latest version)?
The Okex Beta version is for what? Editor\’s note: This article is from Odaily S
-
Ethereum Network Upgrade: All You Need to Know About the Shanghai Upgrade
On April 12th, according to the Tokenview browser page, there are still 16 hours left before the Shanghai upgrade. The Shanghai upgrade plan will be launched on
-
Celsius Network Reopens Withdrawals of Distributable Assets
It is reported that the crypto lending platform Celsius Network tweeted that the withdrawals of distributable assets in some custody accounts will be reopened …
-
Understanding the Significance of DOGE Coin Hoarding
According to reports, JieData monitoring data shows that the 13th largest holding location of DOGE has been hoarding coins since the low point of DOGE prices in
-
Institution Sells BTC and ETH Before Market Fall
It is reported that according to the monitoring of Lookonchain, an institution (perhaps Amber Group) sold 800 WBTC ($17.36 million) and 6042 ETH ($9.26 million)