Decentralized exchanges (DEXs) on the Avalanche network have gained significant attention in the cryptocurrency community due to their efficient, fast, and secure trading capabilities.

As opposed to centralized exchanges, DEXs allow for peer-to-peer trading of cryptocurrencies without the need for intermediaries. The Avalanche network, with its high throughput and low fees, provides an ideal platform for DEXs to operate on.

Since the launch of its first DEX, Pangolin, on the Avalanche network, the ecosystem has experienced rapid growth, with several other DEXs like Trader Joe, Lydian Swap, and more, being launched subsequently. These DEXs offer a wide range of features like liquidity pools, yield farming, staking, and more, making it a lucrative option for traders and investors looking for new opportunities to maximize their returns. In this article, we will discuss the performance of DEXs on the Avalanche network over time, including their adoption rates, liquidity, trading volumes, and challenges they face.

In this dashboard, I present an in-depth analysis of Avalanche Swap activity over the past 5 months. By examining user behavior on this chain, the DEXs they utilized, and the assets they traded, I aimed to determine which assets were more popular or dominant compared to others.

To achieve this, I utilized the newly created ex_dex_swaps table from the Avalanche.core schema provided by Flipsidecrypto. This comprehensive analysis covers the period from the beginning of 2023 to the start of May, but users can adjust this timeframe to suit their needs using the fields provided at the start of the dashboard.

Initially, I explored general Avalanche Swap metrics such as DEX usage, popular pools and tokens, and user behavior. I also created a custom tab named "Custom Wallet" that allows users to enter their wallet address and view their activity over their desired timeframe. Simply change the date-related fields at the top of the dashboard and enter your wallet address in the Wallet_address field to access this feature.

Avalanche is a high-performance blockchain network that aims to provide a platform for decentralized applications and financial systems. It was founded in 2018 by Emin Gün Sirer, a renowned computer scientist and blockchain expert, and has since gained significant traction in the blockchain industry. The Avalanche network is designed to offer high throughput, low latency, and low fees, making it an attractive option for developers and users looking to build and use decentralized applications.

AVAX is the native cryptocurrency of the Avalanche network. It is used as a means of payment for transactions and as a store of value. AVAX can also be staked to participate in network governance and consensus. The token has a fixed maximum supply of 720 million, with around 360 million currently in circulation.

One unique feature of AVAX is its use in transaction fees. Unlike other cryptocurrencies, where fees are set by the network, AVAX fees are determined by the market. This means that users can choose to pay higher fees to have their transactions processed faster or lower fees to save on costs. The fees paid are then used to reward validators for processing transactions and securing the network.

Overall, Avalanche and AVAX are an innovative blockchain network and cryptocurrency that offer a fast, secure, and scalable platform for decentralized applications and financial systems.