DeGate Monthly Update September 2024 | Cross-Chain is here

DeGate is a ZK-Rollup Order Book DEX that allows you to do free grid trading and DCA. 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 Order Book DEX now: https://app.degate.com/.

DEX Statistics

What a month. In September, DeGate achieved a monthly trading volume of $138M. This month, we introduced new trading pairs, including $ACH, $DODO,$BICO. Token availability has proven to be focal point in attracting users. We are working around the clock to make more tokens available, including tokens from other chains. The total available trading pairs have reached 237 at the time of writing.

Cross-Chain Add & Send Funds

DeGate now supports Add & Send Funds on Optimism and Arbitrum network. Moving funds between these L2s and DeGate has become direct and cheap!

Since the mainnet launch, users have asked for funds to be added from and sent to chains other than Ethereum to save gas fees. Now this function is live. What’s more, users can deposit directly from their centralized exchange to DeGate using Optimism and Arbitrum, simply copying the deposit address in DeGate account as the receiver. The simplified process of moving funds between chains and between CEX and DeGate further integrates DeGate into the wider ecosystem and significantly reduces friction for users.

Since the cross-chain feature’s launch, we’ve been receiving constant deposits from new supported networks.

EIGEN Liquidity Mining

We all know that the early bird gets the worm. When $EIGEN token became available for trading it was simultaneously available on DeGate, earlier than most exchanges. We upped the fun even more by launching Liquidity Mining for $EIGEN-USDC pair.

Liquidity Mining on top of Grid Strategy on $EIGEN — USDC generated very juicy APY and profits!

Notification system is Live

In DeGate App’s top right menu, you will now find a bell icon which represents the notification system. You will get notified for important messages such as successful adding and sending of funds.

Pay attention to it, so you won’t miss any important messages!

A Month’s Conference Engagement

September was a month full of crypto conferences, from east to west. DeGate has made impressive appearances in them.

Korean Blockchain Week

This month, DeGate ventured into the heart of the degen community, South Korea! We participated in various events, including the Barks & Meows Opening Party, MKGA Summit, Web3 Growth Masterclass, and co-hosted a side event with Mast Network & Seouldinals. These events allowed us to connect directly with real users in Korea and build relationships with prominent Korean KOLs, setting the stage for future partnerships and collaborations.

True to DeGate’s spirit, we brought our “NO CEX” campaign to Korea!

DeGate Evangelist Andrew G also delivered an insightful speech at the Web3 Growth Masterclass, discussing the future of scaling DeFi.

On day four, Andrew G also hosted a live demo, showcasing how to profit using DeGate DEX — all while keeping full custody of your assets.

NapulETH

We’ve brought the NO CEX campaign to NapulETH. This time with an amazing surprise, SBF Prison, a SBF’s doppelgänger who is redeeming himself by using DeGate.

Our bed room attracted everyone at the event. People wanted to take a selfie with SBF and dig into the magic of DeGate that converted SBF into a reborn, honest person.

A content competition was held, promoting the spirit of NO CEX and Can’t Rug Pull.

A Grid Trading Workshop was held during NapulETH. We invited Italian trading influencer Stefano Demasi to explain Grid Strategy and DCA by doing demo on DeGate. Users joined with great enthusiasm and willingness to learn. Security plus passive income and long-term wealth accumulation, who doesn’t get excited about that?

DeGate Evangelist Linda gave a speech on the main stage of NapulETH, talking about Why We Need Trustless Finance.

Token 2049

DeGate recently hosted a thrilling football event under the banner of Footy DAO, set on the sunny island of Singapore during Token 2049! Co-sponsors included Horizen Labs | zkVerify and GM Network. This time, we brought an exciting twist: ETH vs SOL footie! Despite heavy traffic due to the F1 Grand Prix, we still had an impressive turnout of around 60–70 players and met some amazing new friends from @MakerDAO, @SurfProtocol, @mygamichq, @summerfinance_, @OpenEden_Labs, @ChaosLabs_NFT, @StormbitX, and more.

The final match saw two ETH-based teams compete, as the SOL team got “distracted trading meme coins” (just kidding!). In the end, it wasn’t just about winning; it was about making new friends and bonding over a great game of football.

We can’t wait to host more football events in the future — maybe the next one will be at DevCon BKK in November.

Apart from hosting the football event, DeGate evangelists spoke to many DEX users during the Token 2049 week. We collected important feedback on trading execution efficacy, token discovery, and token risk research. This valuable real world feedback is already taken into consideration for our upcoming product iterations. Stay tuned!

More information

DeGate is looking for Contributors:

DeGate is looking for talented contributors.

Check out this link

About DeGate

DeGate is an Order Book DEX on Ethereum built with Zero-Knowledge technology. DeGate provides spot trading with Limit Orders on a DEX. In addition, DeGate offers a decentralized grid trading function.

DeGate is focused on being user-friendly and is built on the principle of Trustlessness, or ‘Can’t do evil’. 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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