About DeFi swap programs

Near is a public, sharded, extensible blockchain network based on the proof-of-stake (POS) paradigm. Developers can use this platform to launch their own decentralized applications (similar to the Ethereum network). The token of this network is called NEAR, which is the functional token of this network. One of the reasons for the success of the NEAR protocol is that NEAR uses sharding technology as a first layer blockchain. Near Network has implemented features in its ecosystem to compete with networks such as Ethereum, Solana, Polkadot and other blockchains that use smart contracts, sharding technology or even PoS.

Decentralized exchanges (DEX) are peer-to-peer markets where digital currency traders conduct their transactions directly without entrusting the management of their funds to an intermediary or third party. These transactions are facilitated through the use of self-executing agreements or smart contracts. DEXs were created to eliminate the need for any authority to monitor and authorize transactions made on a particular exchange. Decentralized exchanges enable peer-to-peer (P2P) trading of cryptocurrencies.

One of the most important problems related to decentralized exchange is low liquidity. The most important problem of low liquidity is limiting the possibility of buying and selling. Statistics show that due to people's interest and trust in centralized exchanges, liquidity in centralized digital currency exchange is currently more than decentralized digital currency exchange.

Decentralized Finance, or DeFi, refers to a set of applications that can perform important financial matters such as receiving loans and financial transactions in a decentralized manner without the need for intermediaries. In other words, DeFi is not a project, but an ecosystem of hundreds of different projects, all of which provide decentralized financial services. The important part of DeFi programs are swap or exchange applications.

Let’s track the Swap programs through Near blockchains. The goal is to create a dashboard to let people compare Swap activity and popular assets across various programs.

This dashboard divided into the following parts:

• Comparison of swap activity on various swap programs
  • The General comparison
  • The overtime analysis
• Distribution of swappers on swap programs
  • By swap count
  • By swap volume in USD
• Popular assets and trader distribution
  • Popular assets and swap pairs
  • Share of stablecoins on swaps
  • Swapper distribution by count of swaps and volume in USD

The data provided by Flipside has been used to handle this analysis. To handle this investigation the following steps have been passed as below:

• Step 1: Find out the swap activity on Solana
  • Used table→ near.core.ez_dex_swaps
• Step 2: Determine the swap activity on swap programs
  • General metrics→ Count of swap and traders- Average swap volume, Average swap count and volume per day, Median of swap volume, Average swap volume per block
  • Over time metrics→ General metrics overtime, Cumulative analysis, 7-day moving average swap volume in USD, Median and average swap volume in USD
• Step 3: Swapper Distribution
  • Swapper distribution by swap count and volume in USD
• Step 4: Stable coin share of swaps of various programs
• Step 5: Rising and popular assets on various chains
  • Most popular assets
  • Most popular Swap pairs