DXD Trade Volume Update Dec 14

An update on DXD trade volume and buyback. You can download the full data here . See the previous DXD volume update . Note these reports will change in the new year and be tied to the DXD Monetary Policy Committee

DXD trade volume continued to tick up over the last month. The previous 3 month average was estimated $24k vs the $36k ADTV above. The increase volume is likely due to activity revolving around the new DXD Token Model.

On-chain extra continues to be a big source of volume. This is primarily 1inch limit orders or Airswap OTC (the spreadsheet has tx links). Mainnet Swapr saw the most volume with over 50% market share over the last month. There was one day where Swapr saw more than $200k in DXD/ETH volume. Given the 0.5% LP fee, being a DXD/ETH LP on Swapr mainnet was an attractive place to be over last month.

And for DXD buybacks…a new format as we’ve switched away from using ETH from the buyback reserve:
Screen Shot 2022-12-14 at 1.12.11 PM

This is on a new spreadsheet and will be updated there going forward