Swing Highlights | Balancer
Swing Highlights | Balancer
Let's take a look at behind-the-scenes action at Balancer.
What if you could define a weight for a pool you are creating on an AMM? You could theoretically control the impermanent loss, and minimize it.
Balancer LPs allow multiple tokens w/o a token ratio limitation.
#SwingHighlights
~What is Balancer?
Balancer is a decentralized protocol that provides #DeFi liquidity infrastructure.
It adopts powerful features to:
👉 Slash gas costs
👉 Super-charge capital efficiency
👉 Unlock arbitrage
👉 Open the door to custom AMMs
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~#HODLers vs. Developers
In the past 90 days,
👉 The number of $BAL holders steadily increased–showing a growing interest.
👉 ~25k unique active wallets used Balancer.
👉 # of active developers stood around 25.
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~User Activity
Trading volume on Balancer oscillates bw/ $400m and $600m on a usual day, making spikes during crash times.
The revenue growth rate for the past 30 days is +31.1%🚀
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~TVL Overview
A total of $1.34B is locked in all the LPs on Balancer Ethereum. In the last bull run, the number went as high as $3.5B💰
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~Financial Overview
.@Balancer market cap correlates well with the Treasury. Circulating mcap of $BAL has been oscillating around $230m for the last 3 months.
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~What’s happening at Balancer these days?
As the provider of pool infrastructure for many platforms in their ecosystem, Balancer has started a new tweet series called 25 Days of #BUIDLers.
Check it out 👇
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~What’s next for @Balancer?
👉There’ll be more DeFi applications powered by Balancer pools in the future.
👉More tokens are getting approved for liquidity incentives on Balancer.
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This is an edition highlighting key metrics from cross-chain bridges, blockchains, and decentralized liquidity sources from our partnered ecosystem.
Stay tuned as we bring you regular #SwingHighlights every week.
Join the conversation here.
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