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VOOI at Substack · Sep 4, 2024

Biggest Perp Trading Market Updates - Signal Newsletter, Issue 04.09

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VOOI | Derivatives Marketplace · VOOI at Substack

Welcome to the VOOI Signal Newsletter - a series of industry recaps, where we review the symbolic events of the past two weeks and present to you only major important announcements from the actively growing projects and protocols.

This newsletter is crafted and issued by VOOI - cross-chain perp DEXs aggregator, powered by chain and account abstraction. None of these mentions should be perceived as financial advice. DYOR.

Let’s get into the review of these past eventful weeks.

The new era of VOOI has just started - Binance Labs announced its investment into four exceptional projects from the Most Valuable Builders program Season 7, and VOOI is one of them!

Addressing the most annoying issues that traders currently face in cross-chain trading, VOOI provides one unified platform - the Trading App - for seamless trading across decentralized perp exchanges. Binance Labs believes in our vision and mission, and we’re truly thrilled to power all traders with one solution.

Exciting times are ahead - make sure to board on this spaceship with us!

Read the Full Announcement

There were lots of milestones that are worth mentioning in these past 3 weeks. Let’s take a look at them. 

  1. Sharpe AI has launched the claim page for participants, the claims of $SAI tokens are open; 

  2. Perp DEX on TON Storm Trade hosted the Presale Market event this August, getting closer to the upcoming $STORM token airdrop as the Rewards Points snapshot will be taken soon.

  3. VOOI announced the Celebration Campaign and launched Exploring BNB Ecosystem track with KiloEx, distributing exclusive NFTs for trading; 

  4. Ebi.xyz perpetual DEX announced the Points Program, integrating more pairs and networks for participation;

  5. edgeX Points Program has the new addition, traders can earn +10% points while interacting with Backpack Wallet (valid till 12th of September).

  1. Orderly Network’s TGE has taken place in late August, with 95% of the $ORDER airdrop already claimed

  2. Gamified perpetual DEX on Aptos Network Merkle Trade scored the $13 billion cumulative trading volume milestone, one year since the launch on Mainnet; 

  3. Aark perpetual DEX has reached the new milestone of daily trading volume, placed in the Top 5 most used derivatives protocols on Sep 3rd with other $315M; 

  4. KiloEx perp DEX surpassed the $13 billion cumulative volume milestone this August, achieving $1 billion on Manta Network as well;

  5. Satori Finance reached the ATH monthly trading volume on ZKsync Era with over $4.7 billion.

  1. Perp DEX on Solana Drift launched BET - prediction market, surpassing the $2,6 billion daily volume; 

  2. Vertex Edge has launched on Sei Network v2, providing orderbook DEX with the support of the fresh EVM-compatible network; 

  3. GMX introduced the SHIFT Function, allowing liquidity providers to move their GM liquidity between pools seamlessly, paying zero buy/sell fees;

  4. SynFutures DEX continues to launch new trading pairs with DOGS token already being available;

  5. Community received more news on the anticipated dYdX’s Unlimited upgrade that will occur this fall, including Yield MegaVault, simplified Market Listings, and more; 

  6. On-chain leveraged trading protocol gTrade announced the grand update, lowering borrowing fees and reducing spreads on crypto.

  1. Reviewed trading strategy from dYdX for those who don’t actively trade and don’t invest too much capital into trading - Read Here.

Thanks for checking in!
Join the revolution of perpetual trading and explore the power of aggregating DEXs at VOOI

Read the original on vooi.substack.com

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