Welcome to DeGate March 2024 Ecosystem Update!
DeGate is live on Mainnet!
DeGate is a ZK-Rollup Orderbook DEX that allows you to Trade easy, Sleep easy. It enables spot trading with limit orders while you self-custody your funds. DeGate has no fees for Maker orders and very low fees for Taker orders. It offers distinctive trading features — decentralized grid strategy and DCA. Trade on DeGate DEX now: https://app.degate.com/
Mainnet performance
In March, DeGate’s user count reached 10k, marking an increase of 7.6k compared to February. Monthly trading volume was 368M, around 7 times the volume of February, a 700% jump! All-time volume surpassed $500M and the total value locked (TVL) exceeding $65M.
March also saw an expansion in the number of trading pairs. As of this writing, there are 133 trading pairs available. The active trading pairs extend from the big market caps to a wider array of tokens, in particular the hot ones such as WLD, PEPE, ARB, to name a few.
In the forthcoming months, we aim to continue expanding our offerings by adding more active trading pairs to as comprehensively cover our users’ trading needs as possible.
Liquidity Mining
A Liquidity Mining program was launched in March and it is currently ongoing. This round features pairs of DG/USDC, ETH/USDC, ETH/USDT, ETH/WBTC, USDT/USDC.
DeGate’s Liquidity Mining is one-of-its-kind in the market, based on Grid Strategy and incentivizing users to provide concentrated liquidity onto the order book. The APYs are healthy and juicy! Check out how some participants are eagerly showcasing their positions.
Love my grid strategy on the only stage 2 order book dex @DeGateDex @VitalikButerin
Had a nice channel the past 24 hours. Not sure how much longer before we move though
my guess is up
1400+ trades in 24 hours without thinking about it! pic.twitter.com/iFsHpDFck1
— dankapotamus.eth (@dank55495370) March 29, 2024
another day of #defi rewards. are you earning today anon?
https://t.co/mSv6ycU8NY#mining #cryptoyields #degate #yieldFarming #Ethereum pic.twitter.com/p8Zf7kNEsK
— DeGate | Mainnet is LIVE!
(@DeGateDex) March 9, 2024
Product Update
This month DeGate has introduced several exciting new features.
Liquidity Mining: as seen in the Liquidity Mining program highlights above.
Airdrop: We’ve turned the hype keyword “airdrop” into a feature, allowing anyone to efficiently send airdrop tokens in batches to addresses on DeGate L2.
Countdown Plan: Prepare for the launch of new tokens with a countdown timer until trading begins. This feature allows anyone to apply for a Countdown Plan for their token’s debut on DeGate.
Market Order estimation: Now, you can get a preview of the estimated execution value for your market orders before hitting the buy/sell button.
Social Network Offering
In recognition of the pioneers in the crypto industry, the winners of the Social Network Offering — who have supported DeGate through various social media campaigns — had the opportunity to claim DG tokens via an airdrop. A total of 10 million DG tokens were allocated for this purpose. Once again, we extend our heartfelt gratitude to our community. Your unwavering support has been the cornerstone of our progress and success.
ETH Taipei
DeGate was thrilled to co-host a side event with Puffer Finance during ETH Taipei in March. At the event, DeGate showcased live demos of its latest features. MrBlock, a core member of Puffer Finance, also graced the event to share exciting updates on the ongoing LRT season! Participants provided positive feedback, showing great interest in DeGate’s CEX-like trading interface and low fees (Makers trade for FREE!). Many expressed interest in seeing more coins available for trade on DeGate DEX. A big shoutout to DeGate’s new connections made at the event!
Media Mentions
This month, DeGate was featured in popular mainstream crypto influencers and media channels.
A Twitter Space with Bankless DAO https://twitter.com/banklessDAO/status/1769729462168432672
Product walk-through with DataDash
DeGate is looking for Contributors:
DeGate is looking for talented contributors. Check out this link
About DeGate
DeGate is a spot order book DEX on Ethereum built with Zero-Knowledge technology. In addition, DeGate offers a decentralized grid trading and DCA functions.
Users can expect super-low gas fees that are the result of DeGate’s special Efficient Gas Saving technology. This innovation ensures significant gas savings while maintaining a decentralized protocol.
DeGate also enables permissionless listing, meaning that any token can be listed in a permissionless manner through an open listing mechanism. DeGate Mainnet is live on https://app.degate.com/
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