Balancer has emerged as an Automated Market Maker (AMM) innovation, showing remarkable growth in the past year. A consistent increase in swaps on the exchange has solidified its role as a base layer for decentralized trading systems. Aura Finance, a DeFi protocol that allows you to boost your yield and governance power on Balancer, shared this groundbreaking news through its official X account.

A trend we’ve seen is @Balancer becoming the base layer for AMM innovation.@GyroStable’s success has been a major contributor to this, with 11% of all Balancer volume flowing through Gyroscope’s highly efficient E-CLP pools.@CoWSwap’s CoW AMM protects LPs by capturing MEV… pic.twitter.com/BAXtR04Iju

— Aura (@AuraFinance) September 20, 2024

GyroStable Drives Volume Surge on Balancer

GyroStable’s efficient E-CLP pools have driven the surge, accounting for 11% of all trading volume on Balancer. These pools have enabled Gyroscope to capture a portion of decentralized trading, further cementing Balancer’s place in the DeFi ecosystem.

CoWSwap’s CoW AMM has been key, with $12 million in total value locked on Ethereum and a recent launch on Arbitrum. It protects liquidity providers by capturing miner-extractable value (MEV) that would otherwise go to arbitrageurs. This innovative approach to reducing slippage and maximizing value for LPs has drawn significant attention and added to Balancer’s growing adoption.

CoWSwap and Improved Balancer V3

In addition to these innovations, Balancer V3 is currently undergoing audits. The next version promises to improve and simplify the developer experience, which is expected to boost its adoption among decentralized finance projects further. Balancer V3 aims to enhance the platform’s functionality while providing better tools for developers to create new pools and applications.

The balancer quickly becomes a crucial platform for DeFi innovation, allowing projects like GyroStable and CoW AMM to thrive. The exchange’s continued growth and evolution indicate its potential to remain a significant player in the decentralized financial landscape.