Avalanche Dex Tools
One of the important parts of each blockchain is decentralized exchanges (DEXs). By considering this statement and based on the significant role of DEXs on networks, the precise investigation of the DEXs of the Avalanche network has been done through this dashboard.
This investigation is divided into the following parts:
- Stats related to the DEXs
- Popular assets and swap pairs on Avalanche
- Behavior of swappers
- User experience
Avalanche, like several other projects, is a platform for smart contracts and decentralized applications, and was created with the aim of solving Ethereum's shortcomings. Avalanche's focus is on scalability, and by providing a new architecture and structure, it has tried to process a large number of transactions in an instant, while also providing an acceptable amount of decentralization.
In a way, Avalanche seeks to create conditions for global asset exchange that allows anyone to launch or trade any type of digital asset and control it in a decentralized manner using smart contracts and other advanced technologies. The Avalanche platform uses a new approach to the consensus to achieve strong security guarantees while achieving fast finality and high throughput without compromising decentralization. Unlike other networks that uniformly impose terms and conditions of network participation on the system, Avalanche empowers individuals and institutions to easily create powerful, reliable, and secure applications and custom blockchain networks with complex rules, or in networks Available private or public work according to their use cases.
Decentralized exchanges (DEXs) 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.
The data provided by Flipside has been used to handle this analysis.
This dashboard is divided into these major sections as below:
1- Stats related to DEXs Metrics-> Swaps, traders, volume in USD, cumulative analysis, 7-day moving average, average trader, and volume of trade per day
2- Popular assets and asset pairs identified based on: Volume, swaps, traders and etc.
3- Behavior of swappers on the Avalanche network
- Distribution of traders by swap count
- Distribution of traders by swap size (in USD)
- Average age of wallets
- Count of active days for swappers on each DEX
4- User experience
- Find out the history of the wallet from the application of DEXs on the Avalanche
- Figure out the popular assets and pools for chosen wallet
Note: The time period of this investigation is considered since the start of 2023.
