More and more DEX began to focus on UI interface innovation, which will help DeFi gain more momentum for development.
Original title: “Analysis of DEX’s interface layer innovation experiment: Slingshot and DexGuru”
Written by: Echo
In March of this year, Grayscale’s parent company DCG wrote an article about its investment strategy. Among them, the interface layer and the middleware layer are listed as key investment directions. The former refers to projects that integrate middleware and experience-friendly front-ends. Among them, aggregation is mentioned. DEX project Slingshot.
Recently, Slingshot has launched the Polygon network. Its UI interface is significantly different from other mainstream aggregated DEX. At the same time, another similar DEX project, DexGuru, has also been launched. In this article, Chaincatcher will introduce these two DEXs with user-friendly interfaces in detail. project.
Slingshot
Slingshot was born in the Concourse open community, which is also the team that created the well-known DeFi statistics website DeFi Pulse. The predecessor of Slingshot was DEX.AG, an on-chain aggregation transaction protocol. It was renamed Slingshot after the completion of the $3.1 million financing announced last year. This round of financing was led by Framework Ventures, with participation from well-known investment institutions such as Coinbase Ventures, Winklevoss Capital, and Digital Currency Group.
According to the information, Slingshot hopes that with its consumer-oriented brands and products, backed by its DEX aggregation API and novel on-chain protocols, it will attract traders and novices to use its all-in-one DeFi platform. After the Polygon network is online, Slingshot also plans to support other Layer 2 networks such as Arbitrum.
According to the observation of chain catchers, Slingshot’s trading interface mainly presents the following characteristics:
First, it supports users to directly add and fix the target tokens in the list on the left without having to click on the transaction box to search for tokens in the drop-down list each time, simplifying the user’s transaction steps.
Second, it integrates a variety of transaction data. Many DEXs only display transaction data on a separate interface, while Slingshot directly displays the 24-hour transaction volume, latest transaction history, price fluctuations, and candlestick charts of the target currency on the transaction interface. And so on, it is more conducive for users to make transaction decisions.
In general, Slingshot’s transaction page logic is more similar to a centralized exchange, which is arranged around various transaction data of the target currency, and at the same time supports transactions between the target currency and any currency. All users are more user-friendly.
DexGuru
DexGuru is also a decentralized transaction aggregation platform, founded by the founder of defiprime.com, Nick Sawinyh, to support users to conduct aggregate transactions on the Ethereum mainnet, BSC, Polygon and other networks. In April this year, it received a seed round of financing of 1 million US dollars. Investors include Lemniscap, The LAO, Divergence Ventures, BitScale, etc.
According to the introduction, DexGuru’s interface innovation is embodied in the combination of analysis and research tools and transaction execution functions, and the real-time data of each chain market is fully integrated in a UI. DexGuru’s goal is to establish a “Bloomberg Terminal” in the DeFi field to present on-chain market data in an operable and insightful way, and to help traders analyze data in major blockchains compatible with EVM.
Specifically, DexGuru’s trading interface is mainly divided into four major sections, namely the upper navigation bar, the left liquidity bar, the middle trading bar and the right trading data bar. At the same time, most of the information is also based on the target currency. .
In the upper navigation bar, users can select the target currency, and view the market value, circulation, URL, Twitter and other information of the currency to help understand the token information more deeply;
In the liquidity column on the left, users can view the total on-chain liquidity of the target currency, as well as the increase/exit information of the liquidity pool including the currency;
In the central trading column, users can view the K-line chart similar to a centralized exchange, and can also choose other currencies to compare the K-line trend, take notes, set color and size and other functions. Below the K line, users can choose any token for purchase/sale and other operations.
In the transaction data column on the right, users can view the on-chain transaction volume, transaction history, and K-line trend of the currency. It is worth noting that DexGuru will also mark the type of transaction initiation address, that is, addresses with a transaction volume of USD 100,000 to USD 100,000, USD 100,000 to USD 500,000 or more than USD 500,000 in the past 30 days will be marked with a specific icon. Help users judge the transaction status of tokens, capital changes on the chain, whale holdings, and targeted market sentiment based on different types of traders.
Overall, DexGuru provides more diverse information and data than Slingshot, but the interface is also more complicated, and the target group is more inclined to professional on-chain traders.
Today, Uniswap’s mainstream DEX still focuses on factors such as liquidity and capital utilization efficiency, and more and more DEX are also beginning to focus on UI interface innovation, which will also help DeFi gain more momentum for development.
Source link: www.chaincatcher.com
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