Chainfeeds Summary:
Recently, the OKX DEX launched the Dune data dashboard, integrating and disclosing a lot of data, further enhancing its transparency. This article analyzes the OKX DEX based on the data, grasping the current market trends.
Source:
https://x.com/_adilshaik/status/1870203043922211144
Author:
Yue Xiaoyu
Viewpoint:
Yue Xiaoyu: 1. Product positioning and market position: OKX DEX is a DEX and cross-chain bridge aggregator, supporting 27 public chains, providing users with a one-stop exchange and cross-chain service. Among mainstream wallets, the OKX wallet has the highest weekly trading volume, reaching $300 million, and the number of active users is close to Metamask. 2. Trading data characteristics: 50% of the trading volume comes from APIs and 50% from the front-end page, indicating that the platform has become an industry infrastructure and has gained recognition from professional institutions. API trading shows the characteristics of small-amount and high-frequency, while page-end users tend to trade in large amounts and low frequency. 3. Public chain distribution and market trends: Solana dominates in terms of trading volume, number of transactions, and number of users, accounting for 72%, 94%, and 92% respectively. MEME token trading has become the main driving force, and Solana, with its performance advantages, has become the main platform for MEME token trading. The SOL-MEME token combination dominates the trading pairs, and the existence of stablecoin trading pairs shows that users are focused on risk management.
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