📚 Introduction

Ref Finance was initially created by Illia Polosukhin, co-founder of NEAR Protocol. The first commit on Github was made on March 9, 2021. Following the deployment of the application in April 2021, Proximity Labs, a research and development company focused on NEAR, received a grant from the NEAR Foundation to bootstrap and scale Ref Finance.

Ref Finance is an open-source software, community-led, multi-purpose DeFi platform built on the NEAR Protocol. Ref takes full advantage of NEAR’s low fees, one-to-two second finality, and WebAssembly-based runtime. In addition to the advantages of being built on top of NEAR, Ref Finance provides:

1️⃣ Multiple pools in one contract 2️⃣ Atomic transactions 3️⃣ Customisable pool fee

🧠Purposes of Dashboards

In this dashboard, the status of swaps on the Ref Finance platform has been briefly analyzed in the last two weeks. The volume of swaps, the number of swaps, the number of active swappers and the number of new swappers of this platform are evaluated.

🧱 Methodology

In this dashboard, flipsidecrypto database is used to extract data.

Ref Finance's performance has been under review since two weeks ago.

In this dashboard, near.core.fact_prices and near.core.ez_dex_swaps tables are used to extract data.

1️⃣ The total volume of swaps in the last two weeks was about 9.2M $USD.

2️⃣ From February 11th to 18th, the volume of swaps in Ref Finance has been bullish. During this period, the swap volume has increased by 505%.

3️⃣ The average daily swap volume recorded on Ref Finance is equivalent to $658k USD.

4️⃣ The chart related to the average volume of each swap has an upward trend.

5️⃣ The average number of daily swaps per user in the last two weeks was at least 7 swaps and at most 26 swaps.

6️⃣ In the last two weeks, each user recorded an average of 26 swaps. The average swap volume of each user was equal to 19.45k $USD.

1️⃣ Over the past two weeks, Ref Finance has averaged 69 active swappers per day.

2️⃣ On average, 806 swaps are recorded on this platform daily.

3️⃣ The number of new swappers of this platform is increasing day by day.

4️⃣ In the last two weeks, 74 new swappers have been active on this platform.

1️⃣ The average number of stablecoin swaps in the last two weeks was 97 swaps per day. (Daily average swap volume: 3,754 $USD)

2️⃣ Over the past two weeks, DAI has seen more swap volume and swap count than any other stablecoin. (DAI swap volume is about 25 times the USN swap volume.)

3️⃣ DAI swap volume has been trending upward since February 11-18.