Largest Tokemak DEX Pools
What are the largest dex pools for TOKE (UNI, SUSHI, etc.)? What is the behavior of TOKE holders on these token pools currently?
Introduction
What is Tokemak?
Tokemak is a crypto liquidity aggregator for DEX, which are decentralized exchanges and is a layer 2 on the Ethereum blockchain. This gives the users the ability to provide liquidity and earn yields for staking their different assets, while allowing the individuals to control where the liquidity is put by using a decentralized market making system.
What is a Decentralized Exchange? A DEX is a decentralized exchange that is a user to user marketplace where you can interact and transact with others directly, this means no middle man. DEXs are very important because by cutting out the middle man there is no longer need for banks, brokers, or any other intermediary that you would need to pay a fee for. By using Automatic Market Makers these systems are self contained and help organize the swaps.
What is An Automatic Market Maker? This is another way of saying the DEX uses algorithms to price the different crypto assets in liquidity pools. It takes away the need to have someone do this by hand in an order-book method. It gets rid of any intermediary so you buy and sell directly with someone else.
Methodology
-- Find the largest Dex Pools
-- Evaluate their success over time
-- Compare the different platforms
This graph is going to look into the two platforms that TOKE LP's are being held on and as you can see pretty easily there is very little to separate them at this moment. There is only a difference of about $50 million, which does seem like a lot, but if you look at the percentage difference it is only roughly 5% difference in the platforms
The above graph is going to show all of the different liquidity pools that have TOKE. As you can see there are some that are barely used and some that are used very often. TOKE-WETH SLP and TOKE-WETH UNI-V2 LP are by far the most popular and we will look into their performance. It is important to note that the seemingly non performing liquidity pools are still active. The lowest one has $7,400 and the highest of them has nearly $500k. When looking at the scale notice that the two top perofrming TOKE Liquidty Pools have over $800 million.
This graph will show the depiction of the transactions over time. It is very important to note that towards the end of April the TOKEN-WETH UNI platform was the highest performing by far, and then quickly simmered out, and then came the spike in the two top performing liquidity pools that we had mentioned earlier. It is interesting to note that as soon as their is a major spike the trend line is downward meaning that a large amount of staking in a couple days does not mean consistency and is most likely trending downwards.
This next graph is going to show the total sum of money staked into these different liquidity pools over time and shows a different story than the graph before. The difference's that are important to note are that the TOKEN-WETH UNI pool is actually far less comparable in terms of liquidity size than the other graph would indicate. What is also important to note is that there has been a consistent amount of money being invested, however, both show that since March their has been a downward trend line in terms of the use of these different liquidity pools.
Conclusion
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Since March there has been a downward trend, but between August 2021 - February 2022, there was a consistent amount of money being put into these pools.
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After the initial spike the transactions per day tend to decrease
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There is only a 5% difference between Uniswap and Sushiswap platforms in terms of capital
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The top two LP's are both TOKE-WETH