One of my strongest conviction plays is a DEX that has overcome setbacks after setbacks while continuously shipping in the bear.
Discover what @astroport_fi is in this ultimate research piece, written in POINT FORM, condensed into a convenient 2-minute read!đ
Astroport: The Undiscovered Shooting Star
1. History Of Astroport:
> Started off as an AMM DEX on Terra Classic
> Incubated by @Delphi_Digital
> Grew rapidly to become a top 5 DEX in DeFi
> $1B+ Total Value Locked
> Processed $500M - $1B volume DAILY
> Had 5 Governance Aggregator protocols building on top of it.
> Massively affected by the Terra Classic Collapse
Despite the immense setback, Astroport continued pushing on. After almost 2 years of heads-down building, they have re-emerged with strong success.
2. Significant achievements:
> Expanded to 3 more chains: Sei, Injective, Neutron
> Top AMM DEX on every deployed chain
> $100M Total Value Locked
> $1B cumulative volume in less than 2 years
> Top 30 DEX in DeFi in terms of Daily Volume
> Launched The Interchain's first Passive Concentrated Liquidity
3. Astroport's Current Product Offering:
> Passive Concentrated Liquidity
> Limit orders
> Constant product pools: xyk
> Stableswap pools
> Transmuter pools: 1 <-> 1 asset swap, no trading fees, no slippage
> Built-in IBC bridge
> Permissionless Incentives
> Analytics for ALL pools
> MEV profit sharing (currently only available on Terra)
4. Why Am I So Bullish:
> Affiliation to @Delphi_Digital -> access to strong networks and resources (manpower, funding)
> Good biz dev track record
> Strong management -> rebuilt from zero in a prolonged bear market and survived
> Top-tier UX with above product offerings
> Cutting edge tech
> Hyper focused on important factors that makes the best DEX (best swap rates, UX)
> Strong growth in key performance indicators (TVL, Trading Volume)
> Significant bullish catalysts coming up
5. Bullish Catalysts (mid to long term):
> Additional source of revenue from @asteroidxyz as inscriptions on Cosmos Hub goes parabolic
> vxASTRO -> think Curve wars but for protocols + L1s
> Expansion into Osmosis, the Interchain's largest and most important DEX -> more revenue
> SLAMM -> Omnichain liquidity on demand: https://members.delphidigital.io/reports/slamm-unified-model-cross-chain-liquidity#2-background-0155âŠ
6. Ending notes:
Since relaunching, Astroport has shown prudence in its decision-making processes which have contributed to its present-day success. At its current growth, there is no doubt from me that they will be one of the best performing protocols in the coming bull run.
7. Sources Of Research:
> Astroport Blog: https://blog.astroport.fi
> @DefiLlama
> https://flipsidecrypto.xyz/SocioAnalytica/astroport-analytica-astroport-analytica-aImeWC⊠by @SocioCrypto
#Write2EarnâŹ
