What are the Citizens doing at Ref.Finance ?

• Swaps are what draws the majority of daily traffic.
• Liquidity activities take second place.

Traders Delight!

Since swaps are the majority’s interest, we take a glance at the daily popular swapped assets!

• Top Assets to swap FROM:

  • NEAR seems to be most preferred asset to swap from for most days.
  • Stablecoins such as USDT/USDC/DAI come second.
  • WBTC/WETH make frequent appearances.

• Top Assets to swap TO:

  • NEAR again the most usual asset
  • Stablecoins coming second
  • REF token makes interesting appearance as the token to swap TO! Are investors bullish on REF?

Daily Activity at Ref.Finance

• The app averages quite a decent amount of traffic/users a day, especially on days of market volatily!
• As of late, however, it seems that the bustling center of trade has reduced visitors.
• Also, the app seems to have rather high failure rates (>5%)
• The failure rates are at their extremes on peak activity days! (>20%!)

Dashboard Objectives

• The dashboard takes the reader through NEAR city’s financial district, focusing primarily on the central attraction: Ref.Finance!
• It attempts to bring out the usual metrics & highlights that revolve around the app/protocol.

This dashboard is best viewed in a fullscreen/maximized browser tab!

Author:

• Twitter: @lelaughingman
• Flipside Bounty Hunter: TheLaughingMan
• Discord: TheLaughingMan#3062

Why Ref. Finance?

• Ref.Finance is positioned as the app where Users start their financial/Defi Life in the NEAR city.
• Considered the Uniswap equivalent of NEAR, Ref.Finance attracts far more citizens than the other competitors in it’s forte.
• It’s the app where all traders, arbitragers and new/veteran investors alike come to!

Key Findings:

• Ref.Finance receives maximum traffic during periods of market volatility, which makes sense as it’s the center of the finance district!
• The app is one of the first things the Citizen tries out upon visiting.
• Swaps are the most popular activity, LP’ing second.
• Popular Assets:
  • NEAR, Stablecoins(USDC, USDT, DAI), WBTC, WETH, REF Token

Citizen’s Visiting Trends

• Only a minority fraction of Citizens have ever used the app
• Quite a large set of those that do use the app use it within the first day of them becoming a citizen!
• Majority seems to find their way to the app within the first week itself.