🚀💹 #1inchDominance 📈💼
1inch, the powerhouse DEX aggregator, made waves in Q4 '23 with an impressive surge in volumes and market dominance, according to Messari’s report. 📊 Over $30 billion in executed volume and a commanding 64% share of the Ethereum DEX aggregator market.
🔄 Aggregator Evolution: The doubled volume from external sources showcases increased adoption of 1inch as a backend solution and the expanding landscape of aggregator platforms.
📈 Transaction Dynamics: Notable growth in Limit Order Protocol (LOP) and 1inch Fusion drove transaction growth, while the Aggregation Protocol witnessed a decline.
🔄 Uniswap Surge: 1inch trades on Uniswap V3 and V2 grew, constituting 40% of trades and 8% of trade volume. Volume surged from $5.6 billion in Q3 to $10 billion in Q4, notably driven by Curve and Dodo.
🌐 Market Share Expansion: 1inch experienced substantial volume growth, expanding its market share from 59% in Q3 to 63% in Q4, outpacing competitors.
👥 Competitive Landscape: While 1inch dominated, CoW Swap gained 11% market share. ParaSwap and 0x held 11% and 10% of the aggregator volume, respectively.
🌐 1inch DAO Moves: The 1inch DAO strategically managed its treasury, diversifying stablecoin holdings and utilizing funds for support services. Staked 1INCH saw a 7% increase.
💸 Expenditure Highlights: Over $1 million used for strategic transactions, including $890,000 allocated for user support services.
🚀 Continued Growth: 1inch's remarkable Q4 performance solidifies its position as a leader in the DEX aggregator space, navigating market dynamics and driving innovation. 🌐💪
Disclaimer : Investments come with inherent risks. Markets can fluctuate, and past performance is not indicative of future results. Be aware of the potential ups and downs.
#1Inch: #cryptoleads #cryptonews #crypto #DAO