flipside

    Try Quests to earn SEITry Quests to earn SEI
    Share

    Sei Dex Swaps and LP Actions

    About Sei network and DEXs:

    Sei, an open-source Layer 1 blockchain, is revolutionizing the exchange of digital assets with its novel consensus and technical breakthroughs. It is specifically designed to cater to the needs of the digital asset exchange industry, making it the fastest blockchain in the industry. Despite the common misconception that Sei is a DeFi chain, it is important to note that the exchange of digital assets is not limited to DeFi. It is universal across gaming, social, and NFTs, making trading general purpose.

    Sei's value proposition is simple: exchange apps will offer the best user experience by building on Sei. Whether it is a NFT marketplace or gaming economy, Sei provides a platform for developers to create seamless and efficient exchange apps. With its fast transaction speeds, advanced consensus mechanism, and built-in protection against malicious activities, Sei is poised to become the go-to blockchain for digital asset exchange.

    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.

    Methodology

    The data provided by Flipside has been used to handle this analysis.

    This dashboard is divided into these major sections as below:

    • Swaps:

      • Metrics-> Swaps, traders, volume in USD, cumulative analysis, 7-day moving average, average trader, and volume of trade per day
      • The comparison of DEXs on the Sei network based on the share of market, count of swaps, unique swappers and etc.
      • Popular swap pairs and pools identified based on: Volume, swaps, traders and etc.

    • LP actions:

      • Metrics-> Actions, Liquidity providers or removers, volume of actions in USD, cumulative analysis, 7-day moving average, average user, and volume of LP per day
      • The comparison of DEXs on the Sei network based on available liquidity, unique liquidity providers and removers and etc.
      • Popular liquidity pools based on the net liquidity and count of interactions.