Table of contents
Odos
Bebop
Sunflower land
Summary
1. Odos
Overall
Odos is an aggregation trading protocol, which uses the automatic market maker (AMM) pathfinding algorithm to find the best route for token exchange by aggregating decentralized exchanges, that is, connecting the liquidity pools of mainstream DEXs on the chain together. Providing users with a trading environment with optimal rates and speed.
Currently Odos supports Ethereum, Polygon, Arbitrum and Optimism chains. It has aggregated 77 liquidity sources on Ethereum, 65 liquidity sources on Polygon, 23 liquidity sources on Arbitrum, and on Optimism, at least 18 liquidity sources are aggregated. Such an aggregation exchange provides services for users by aggregating the token flow pool built by third-party DEX, uses algorithms to traverse a wider range of possible token combinations and non-linear paths, and selects the optimal path after comparing the handling fees.
Order Route Plan
As shown in the figure above, in the process of using Odos to exchange 100 MATIC tokens for AAVE tokens, Odos gave at least 9 paths and selected the optimal path for users, and 100 MATIC tokens can be exchanged to 1.5774 AAVE tokens in the end. While using other DEXs, such as Dodo and Balancer, you can only exchange 1.5738 AAVE tokens. Compared to other DEXs, Odos provides users with the best exchange rate.
Features
Odos supports multi-asset input swap, supports input of up to six assets, and exchanges for one asset.
Odos supports cross-chain arbitrage. Calculate the best arbitrage of more than 30 million paths in real time through the arbitrage tracker, such as exchanging 0.2021 BTCB tokens on the BSC chain for WETH tokens, and converting WETH to 0.2023 WBTC tokens on Ethereum, which can be used for arbitrage about $4.82.
2. Bebop
Overall
Bebop is a new DEX aggregator released by the global cryptocurrency trading company Wintermute in June 2021, and launched on the Polygon chain in November this year. Currently supports transactions on both Ethereum and Polygon chains. Bebop is a decentralized trading platform that supports trading multiple tokens at one time, making DeFi transactions simple and efficient.
Features
Support one-to-many or many-to-one transactions, helping users save time and costs. Among them, multi-token transactions support a combination of up to 5 tokens.
The price calculation method is transparent and includes all network fees. And no platform fees are charged.
Offers no-slippage trading. Bebop uses private market makers and RFQ models to reserve quotes for users for 10 seconds, so the quotes users see on the trading platform are the prices at which transactions are executed, making transactions more efficient.
Statistics
Volume
Currently, the volume of Bebop within 24 hours is $321k, the volume within 7 days is $2.2M, and the total volume is $11.98M. Since mid-October this year, the volume has gradually increased. On November 4, the volume generated by one-to-one token exchange accounted for more than 98%.
Transaction
At present, the number of transactions of Bebop within 24 hours is 152, the number of transactions within 7 days is 4.67k, and the total number of transactions is 42.36k. In November this year, Bebop was launched on the Polygon chain, and the number of transactions began to increase rapidly. On the day Bebop announced its expansion to the Polygon chain, the number of transactions reached 1.56k.
Users
The figure above shows the daily number of new users and the changing trend of the total number of users. As of midnight on November 15th, the total number of Bebop users was 6,513, and the trend of the total number of users was a continuous growth stage. After experiencing an explosive growth in the number of users at the end of October, the growth rate slowed down.
The figure above shows the proportion of daily transactions between new users and old users on the Bebop platform. After going through the user expansion stage, the proportion of transactions of old users gradually increases, becoming the main force of token exchange on the Bebop platform.
The figure above shows the current Top Traders on the Bebop platform. The volume of the top four Traders all exceeds $300k, and the total volume and average volume per transaction of the top two users far exceed other users. It is also very important to cultivate large customers of the platform.
3. Sunflower land
Overall
Launched in April 2022, Sunflower Land is a Metaverse game launched on the Polygon chain and currently ranks fourth on the Polygon chain.
The goal of Sunflower Land is to create crypto games in Play-to-Own (P2O) mode, that is, players own the items they collect. Different from the P2E model, P2O does not motivate users to participate with economic value, but focuses on the fun of gameplay, the sustainability of the economic model, and the cultivation of users' sense of belonging to in-game assets.
The gameplay of Sunflower Land is similar to "Happy Farm". Players can build their own agricultural empire in this game, supporting players in farming, harvesting, felling, mining, fishing, making new items, etc. Every item that players collect or craft can be owned on the Polygon blockchain and they can be listed on trading platforms like OpenSea.
Economic Model
The token issued by Sunflower Land is SFL. The fastest way to earn SFL is to plant crops and sell them after harvest to obtain income. Different crops have different income. The following figure shows the economic cycle model of crop cultivation:
Players can use SFL and other in-game resources to mint NFTs. They can mint NFTs that can increase the productivity of land or crops. They can also mint NFTs as decorations. These NFTs can be extracted and sold on OpenSea.
At the same time, when the total supply of SFL tokens in the game accumulates to a certain amount, a production reduction event will be triggered, which is manifested by halving the cost of seeds and halving the selling price of crops. For example, when the total supply of SFL is between 10w and 50w, you will get 0.01SFL for selling per sunflower, and when the total supply of SFL is between 50w and 100w, you will get 0.004SFL for selling per sunflower. This production reduction mechanism increases the difficulty of planting for latecomers, resulting in diminishing overall marginal returns.
Statistics
Sunflower Land Statistics
The figure above shows the number of active wallets, number of transactions, volume and historical activity data of Sunflower Land in 7D. In 7D, the number of active wallets in Sunflower Land was 17.72k, the number of transactions was 37.92k, and the volume was $5.11k. On May 9 this year, the highest volume in a single day was $3.15k. At the end of October, UAW began to grow rapidly. The highest number of active wallets reached 10.78k.
At present, the price of SFL tokens is close to $0.1, and the volume in 24 hours has reached $22.9k. The overall price trend is to stabilize after a short-term decline. The historical highest price of SFL tokens is $0.55. Compared with the highest price, the current price of tokens has dropped by more than 80%.
The above figure shows the main exchanges of SFL tokens. Quickswap and CoinEx are the main places for SFL token exchange. Currently, the exchange with the largest volume of trading SFL tokens is Quickswap, of which volume accounts for 58.24%, more than CoinEx up 16.47%.
4. Summary
At present, the Polygon chain can be described as a dark horse in the encryption market. For example, Instagram launched the NFT market on the Polygon chain; at the end of August this year, Reddit announced the launch of NFT released on the Polygon chain, which may bring nearly 2.7 million new users to the Polygon ecosystem. It is enough to show the market's support and recognition of the Polygon ecology. I believe that with the maturity and improvement of the Polygon chain, more and more projects will enter the Polygon ecosystem, so I think that the Polygon chain has great potential, and new projects in the ecosystem are also worth looking forward to.
