Tracer Usage
How many people (addresses) have voting rights in tracer? How much of that has been deposited in major decentralized exchanges(DEX)? what is the breakdown per DEX
Tracer is an open-source, smart contract protocol for derivatives. With the capability to enable anyone to deploy a derivatives market from a Tracer Factory template to manage their digital and real-world financial risk. The first derivatives market to launch is a new primitive – Tracer Perpetual Pools, according to coinmarketcap.
Since its inception, there have been just over 15,000 unique transaction involving Tracer
Tracer is an ERC-20 that runs on the Ethereum network. Its goal is to monopolize the derivatives market, and leaves its own massive footprint on decentralized finance.
There is nearly a 50 - 50 split between Tracer tokens being kept on Sushiswap vs. Uniswap, with paraswap capturing the remaining microscopic portion (8 transaction IDs to be exact). Depending on how Tracer grows, it would not be surprising to see them on other DEXs, such as pancake swap or compound.
Tracer's ambitious goal of capturing the derivatives market may appear lofty, but it's not a 1 sum game. In the fiat world, the derivatives market accounts for $1 quadrillion USD.. an absolutely absurd amount. Even if Tracer is able to simply capture .1% of the market, that is a massive win. As for the DEX breakdown, it appears users are just using which DEX they feel more comfortable with to initiate the swaps. Split at nearly 50% to %50, there is no significant statistical difference between the two.
One thing to note, is that when all DEXs are included, the null value represents over half of the total swaps. Although they were not labeled, there is a chance that these are made up by centralized exchanges, or CEXs. If this were the case, then over half of all swaps are put in motion by a program such as coinbase.
Just over 1/3 of all Tracer is staked. This is good sign of network health, and users "putting their money where their mouths are".