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    AVALANCHE DEX PLATFORMAs ANALYSIS

    Flipside keeps shipping and these past weeks they shipped a DEX swaps table (avalanche.core.ez_dex_swaps). This DEX swap table includes swaps from BALANCER (soon), CURVE, FRAX, GMX, HASHFLOW, KYBER (both classic and elastic), PANGOLIN, PLATYPUS, SUSHI, TRADER JOE, UNISWAP (Soon), and WOOFI. Create a dashboard or a tool that utilizes this new table. Here are some ideas for inspiration: Popular Asset Monitor: Monitors the most popular and rising assets being traded into across Avalanche DEXes. Looks at the number of users trading the assets and at what volume. Popular LP Monitor: Monitors popular trading pairs and LP pools and calculates the pools with the largest volume of trading. Popular DEX Monitor: Looks at the USD volume of DEXes to help the ecosystem determine which DEXes are the most popular. Token Swaps History Explorer: A tool that allows users to explore and analyze their transaction history of token swaps on decentralized exchanges.

    Transaction

    A Transaction in blockchain refers to the transfer of data or cryptocurrency between two parties on the blockchain network. Transactions contain essential information such as the sender's address, the recipient's address, the amount being transferred, and any associated fees. In a blockchain network, transactions are verified by nodes or miners according to the network's defined consensus mechanism. Once a transaction is validated, it is recorded onto the blockchain ledger, which is a decentralized and immutable record of all past transactions on the network. Every transaction on the blockchain network is assigned a unique transaction ID or hash, which is used to identify the transaction on the blockchain. The transaction ID, along with other transaction details, is stored in blocks which are linked together forming a chain or "blockchain". Transactions in blockchain networks can involve the transfer of various types of digital assets and data, including cryptocurrencies, decentralised applications, smart contracts, and tokens. As such, transactions form the building blocks upon which blockchain networks operate, providing the means for peer-to-peer value and information transfer without the need for intermediaries.
    Introduction
    Some Definitions

    Active and New Users

    In Blockchain, an Active User on a blockchain is defined as an individual or entity that has performed at least one transaction within a specified time period (e.g. every day). This can include activities such as sending and receiving cryptocurrency, executing smart contracts, staking tokens, voting on governance proposals, and more. By actively engaging with the blockchain network and its ecosystem, these users help to drive the growth and adoption of the technology..

    A New User is a wallet address that has no any transactions on the blockchain before From_Date parameter

    Avalanche

    The Avalanche network is a decentralized platform designed for building and deploying financial applications and services. It boasts fast and secure transactions, low transaction fees, and high scalability. Avalanche is built using a unique consensus protocol called Avalanche-Consensus, which enables high-throughput processing and fast finality of transactions. The network also supports interoperability with other blockchain networks and assets, allowing for seamless exchange and transfer of funds between different platforms. Additionally, Avalanche has its own token, AVAX, which is used for staking, governance, and transaction fees within the network. The Avalanche network was created by AVA labs, and it launched in September 2020. The platform aims to address some of the key challenges faced by existing blockchain networks such as slow transaction times, high fees, and lack of scalability. Avalanche achieves this by using a novel consensus mechanism, which sets it apart from other blockchain networks. Avalanche's consensus mechanism is based on a directed acyclic graph (DAG) called Avalanche-Consensus. The consensus algorithm uses a novel approach to achieve a high degree of security and fast finality. It does this by randomly sampling validators and asking them to vote on transactions. The network's architecture is designed to be highly scalable, allowing it to handle thousands of transactions per second. The platform is also highly interoperable, with support for Ethereum Virtual Machine (EVM) smart contracts and other blockchain networks. This means developers can easily port existing dApps and infrastructure onto the Avalanche network. The Avalanche network has its own native token, AVAX, which is used for staking, transaction fees, and governance. AVAX holders can participate in the network's governance by voting on proposals related to network upgrades, changes to tokenomics, and other key decisions related to the network's development. Overall, the Avalanche network offers a promising solution to some of the key challenges faced by existing blockchain networks. With its innovative consensus mechanism, scalability, and interoperability, it has the potential to become a leading platform for decentralized finance (DeFi) and other blockchain-based applications:

    DEXs Platforms on Avalanche

    In this report, we have decided to explore the potential of Flipside’s newly shipped DEX swaps table avalanche.core.ez_dex_swaps. This table includes swaps from various DEXes such as Trader Joe, WOOFi, GMX, Kyber (both classic and elastic), Platypus, Pangolin, Frax, Sushi, Curve, Hashflow, Uniswap (soon), and Balancer (soon).

    We have created a dashboard/tool that utilizes this new table to monitor popular assets, LP pools and DEXes being traded across Avalanche DEXes. Additionally, our tool allows users to explore and analyze their transaction history of token swaps on decentralized exchanges. Here are brief definitions of each DEX Platforms on the Avalanche blockchain in alphabetical order:

    1. Curve is an exchange liquidity pool on Ethereum designed for extremely efficient stablecoin trading, low risk, and supplemental fee income for liquidity providers without an opportunity cost [1].
    2. FraxSwap is a decentralized exchange on the Avalanche network that allows users to trade FRAX and other stablecoins with low slippage and minimal fees [2].
    3. GMX is a decentralized exchange on the Avalanche network that offers leveraged trading with up to 30x leverage on popular trading pairs [3].
    4. Hashflow is a decentralized exchange that uses a hybrid order book and automated market maker (AMM) model to provide deep liquidity and tight spreads for traders [4].
    5. KyberSwap-V1 is a decentralized exchange on the Ethereum network that allows users to swap tokens instantly and securely [5].
    6. KyberSwap-V2 is an upgraded version of KyberSwap that offers improved liquidity and new features such as limit orders and gas-free transactions [6].
    7. Pangolin is a community-driven decentralized exchange for Avalanche and Ethereum assets with fast settlement, low transaction fees, and a democratic distribution mechanism [7].
    8. Platypus is a decentralized exchange on the Avalanche network that offers low fees, fast transactions, and high liquidity for popular trading pairs [8].
    9. SushiSwap-V1 is a fully decentralized protocol for automated liquidity provision on Ethereum that allows users to swap tokens, provide liquidity, and earn rewards [9].
    10. Trader-Joe-V1 is the first version of Trader Joe, a one-stop-shop decentralized exchange for finance on the Avalanche ecosystem that offers swaps, auto trade tools, liquidity pools, yield farming, staking, and more [10].
    11. Trader-Joe-V2 is an upgraded version of Trader Joe that offers improved features and services for users [11].
    12. WOOFi is a decentralized exchange on the Avalanche network that allows users to trade popular tokens with low fees and fast transactions [12].

    Swap, Symbol IN & Symbol OUT

    In the context of a decentralized exchange (DEX), a Swap refers to the exchange of one cryptocurrency for another. This is typically done through an automated market maker (AMM) mechanism that uses liquidity pools to facilitate the trade. A user can initiate a swap by selecting the cryptocurrency (Symbols IN) they want to exchange to another cryptocurrency (Symbols OUT) and specifying the amount they want to trade. The DEX will then use its AMM algorithm to determine the exchange rate and execute the trade.

    A single transaction on a DEX can include multiple swaps. For example, if a user wants to trade Bitcoin for a less popular token that does not have a direct trading pair with Bitcoin, the DEX may perform multiple swaps to facilitate the trade. This could involve swapping Bitcoin for Ethereum and then swapping Ethereum for the desired token. Each of these swaps would be considered a separate action within the same transaction.

    Liquidity Pool

    In the context of a decentralized exchange (DEX), a Liquidity Pool is a smart contract that holds reserves of two or more cryptocurrencies and allows users to trade between them.

    When a user initiates a swap on a DEX, the AMM algorithm uses the reserves in the liquidity pool to determine the exchange rate and execute the trade. The size of the reserves in the pool and the relative demand for each cryptocurrency determine the exchange rate. When a trade is executed, the AMM algorithm automatically adjusts the reserves in the pool to maintain balance.

    Liquidity pools are typically funded by liquidity providers who deposit their cryptocurrency into the pool in exchange for a share of the trading fees generated by the DEX. This provides an incentive for users to supply liquidity to the pool and helps to ensure that there is sufficient liquidity available to facilitate trades.

    Methodology

    The analysis presented in this report regarding the types of platforms related to the different dexes active on Avalanceh is based solely on the data in the avalanche.core.ez_dex_swaps table. The start of the time period chosen for this analysis is based on the starting point of more recent Dex activity on Avalanche, which is the Trader-Joe-V2, with the first transaction recorded for this instrument on 2022-11-16. The reason for this decision is to increase the comparability and observe the balance between all kinds of metrics and criteria that are from the data table avalanche.core.ez_dex_swaps related to the active dexes on Avalanche. Although you can have your own time period, we will explain how to set it in the definitions section of Tabs and Parameters. In this dashboard, we have tried to pay attention to all the aspects that can be extracted from the desired table and reflect it in this report.

    Tabs and Parameters

    Tabs

    This dashboard has 8 tabs:
    1. Introduction: The current tab, which includes a description of the issue and how to understand, adjust and use this dashboard.
    2. Platforms: Read the analysis resulting from the review of some metrics related to different DEX platforms over time in this tab.
    3. Pools: One of the most important characteristics of any Dex is the pools in it. In this tab, we have investigated the important pools of different Avalanche Dexs and have reached interesting results.
    4. Symbols: What happens in a DEX and especially in the Swap (or Trade) section is the exchange of a token with another token or tokens. The importance of this matter was so great that we had to assign a separate tab to this dashboard to review the top Symbols (assets) in terms of various criteria.
    5. Traders: To identify the interest and frequency of users (traders or swappers) in different metrics of a Dex, refer to the Traders tab.
    6. Specifices: If you are looking for a specific measure of a dex in the studied table, I recommend you to refer to this tab and use the data that you set in various parameters to see your desired results visually.
    7. Your Trades: In the Avalanche network, you are a user of one of the DEXs listed in this report and you are looking to review your activity. Don't worry, we have provided you with this possibility in the Your Trades tab so that you can easily extract your data from the desired table and analyze them using many of the parameters presented in this report.
    8. Summary: In this tab, we have mentioned a summary of the most important results obtained in this report.

    Parameters

    The use of parameters in this report has caused a lot of this dashboard to be dynamic and out of static mode. With the help of the explanations given about the parameters and their application, you can easily extract the desired results from the mass of data and check them. In this report, we have used ten parameters, some of which are applied to all charts in this report, and some of which are used only in the Specifics and Your Trades tab, which we will refer to in each section.
    1. From_Date: The beginning of the studied time period.
    2. To_Date: End of the studied time period.
    3. Platform_Name: Enter the name of the platform (Dex name) in this parameter..
    4. Pool_Name: Specifies the desired liquidity pool.
    5. Wallet: You can enter part or all of the address of the trader's wallet (sender).
    6. Interval: Determines time intervals on charts over time. By default it is daily.
    7. Tx_Hash:You can enter part or all of the transaction hash in this parameter.
    8. To_Address: You can specify part or all of the address of the recipient of the swapped tokens in this parameter..
    9. Symbol_IN: If you want to check the metrics related to a specific INPUT token to pool(s), enter the name of that token in this parameter.
    10. Symbol_OUT: If you want to check the metrics related to a specific OUTPUT token from pool(s), enter the name of that token in this parameter.

    To use the parameters, you need to LOGIN and click on Apply all parameters button after specifying the desired values.

    Please note that specifying long time period may cause your query to run with a very long delay.

    Email: PiroozTrader

    Discord: Mercury#8660

    Twitter: @PiroozTrader

    Please read and like my reports (dashboards) in my Flipsidecrypto account: Mercury

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