Try Quests to earn NEARTourist Journeys - ref finance VS. curve finance
Question
Select one of the key Districts from the NEAR tournament, and compare it to a similar district in another “city” (that is, another Layer 1 blockchain).
Look at the past 90 days and visualize the relative progress of these two L1s, using at least 3 metrics of your definition.
In this dashboard, we will compare the metrics of two DEX named ==ref finance== from the ==Near== network and ==curve finance== from the ==Ethereum== network and compare the items.
ref finance
Built on top of the cutting-edge protocol NEAR, Ref Finance is the gateway into the NEAR ecosystem through its AMM DEX, which provides liquidity and swapping features. In addition, Ref utilizes the trustless Rainbow Bridge, which seamlessly bridges Ethereum-based assets over to NEAR, and vice versa, allowing for an array of DeFi users to access lower fees and faster transaction speeds.
curve finance
Curve is a decentralized exchange for stablecoins that uses an automated market maker (AMM) to manage liquidity.
Launched in January 2020, Curve is now synonymous with the decentralized finance (DeFi) phenomenon, and has seen significant growth in the second half of 2020.
In August, Curve launched a decentralized autonomous organization (DAO), with CRV as its in-house token. The DAO uses Ethereum-based creation tool Aragon to connect multiple smart contracts used for users’ deposited liquidity.
Reviews
In the graphs above, we checked the ref finance statistics on the Near network. The highest number of transactions is on ==August 10, 2022== with the number of ==3291==. The maximum number of active users was ==25== users on different days. The highest paid fee is related to ==September 29, 2022==.
The graphs below are related to curve finance. The review is on the Ethereum network and other relevant networks have not been reviewed. The number of transactions made is ==4435==, which is related to the date of ==September 23, 2022==. It is the most active user with the number of ==1334== users. The highest fee paid is related to ==July 28==.
ref finance vs. curve finance
In the graphs below, we compared two projects. The number of curve finance transactions is more than ref finance on most days and it is obviously due to the popularity of Ethereum network and more tokens and platforms on it. Of course, the number of ref transactions was higher on ==August 5, 10==, and ==October 13==, which was only 3 days more in 90 days. Comparing the number of users who have used swap, the curve is very high and there has never been more ref than that. The per-hour amounts, which are obviously much higher on Curve, which is based on the Ethereum network.
Conclusion
The Near network is at the beginning and has a long way to become stronger and bigger.
The number of platforms that are on the Near ecosystem has not yet reached the extent of networks like Ethereum, but maybe with the passage of time, users will go to networks that charge less fees for transactions.
The reason for the high number of transactions per user on ref finance can be the very low cost of gas fee, and the low and limited number of transactions on curve finance can be due to the high cost of gas fee on the ethereum network.
Examining these two platforms in the field of swap can give a comprehensive view and idea for future planning in both projects.
Last Review
In the last reviews, we checked ==Average transaction per user== and ==Average fee per transaction==.
The average transaction per user related to ref finance has been higher than curve finance on most days, but the average fee per transaction is much higher than ref due to the presence of curve on the ethereum network.
Author: Amir
Twitter: @amir007_eth