From dydx to Aevo, there are many innovators in the decentralized derivatives space, but few succeed?
Is the decentralized derivatives track reigniting? Aevo, which emerged halfway, is targeting dYdX.On January 9, the digital currency options and perpetual contract trading protocol Aevo once again shocked the market, announcing that the platform's trading volume reached $137 million yesterday, setting a new historical high. This figure is remarkable, showcasing Aevo's strong performance in the digital currency space.
Aevo's Twitter post indicated that they achieved a trading volume of $137 million in yesterday's transactions, marking a new peak for them. Moreover, they attracted approximately 18,000 active traders last week, further highlighting their large user base.
Aevo stated on social media that they will launch an incentive program in Q1 2024.
Even more striking is that Aevo mentioned future goals in their tweet, aiming to reach $1 billion in trading volume and 100,000 users. This ambitious plan reflects the confidence of the Aevo team and their high expectations for their own development. The following will introduce the Aevo project and its development history.
Overview of Aevo: Total Trading Volume Exceeds $100 Million, TVL Over $23 Million
Aevo, as a decentralized derivatives exchange under the on-chain structured product Ribbon Finance, is emerging as a strong player in the digital currency trading field, focusing on options trading, order books, and margin models. Here is an in-depth introduction to Aevo, highlighting data and key information:
Trading Data: Currently, Aevo's total trading volume has exceeded $100 million, with futures open interest surpassing $50 million. This figure not only reflects Aevo's activity in the digital currency derivatives market but also highlights its market influence.
Mainnet Launch: Aevo officially launched on April 7, 2023, attracting widespread attention from the digital currency community. According to DeFiLlama data, Aevo's total value locked (TVL) has surpassed $23 million, with nearly half of the TVL flowing in during November and December. This further proves Aevo's appeal and development potential.
Aevo's data growth chart.
aeUSD Stable-Collateralized Asset: The aeUSD launched by Aevo is the first stable-collateralized asset in the crypto derivatives exchange space. It allows users to trade with 20x leverage while earning an annualized yield of 4.75% on exchange margin. aeUSD is an ERC-4626 asset based on Aevo Layer 2, composed of USDC and sDAI, fully compliant with the exchange's whitelist collateral asset standards.
Token $AEVO and sAEVO: $AEVO is Aevo's native token and governance token, which is planned to launch before January 2024. sAEVO is the staked version of $AEVO and is non-transferable. By staking $AEVO and locking it for three months, users can receive sAEVO, enjoying commission discounts, reward multipliers, and priority access to new products. Additionally, sAEVO holders have double voting power, giving them greater influence over Aevo's governance.
Token Economics: Aevo's token economics are vibrant. Before $AEVO, Ribbon's governance token was $RBN, but according to DAO proposals, 45% of $RBN has been exchanged for $AEVO. These tokens will be used for incentives, supporting liquidity and community growth, injecting more vitality into Aevo's ecosystem.
In summary, Aevo is a highly regarded decentralized derivatives exchange, known for its outstanding trading performance, stable-collateralized assets, and active token economics. Its development prospects are exciting, with the potential to continue thriving in the digital currency trading space and become a leader in on-chain derivatives trading.
Popular Project MANTA Launches Futures Assets on Aevo Platform, Bringing Huge Momentum to Aevo
Aevo's trading volume has reached a historical high in the digital currency market, and this achievement is not coincidental, but rather the result of multiple key factors working together.
The significant growth in Aevo's trading volume has attracted widespread market attention, one of the main reasons being the launch of MANTA futures. The introduction of MANTA futures has provided a tremendous boost to Aevo, and here are detailed information and data regarding MANTA futures:
MANTA Futures Launch Date on Aevo: On January 9, Aevo announced on social media that MANTA futures have successfully launched on their platform. This news has filled the digital currency community with anticipation for Aevo's future.
Manta Pacific On-Chain Asset TVL: According to official data, the TVL of Manta Pacific's on-chain assets has surpassed $920 million, making it the third-largest project in the Ethereum Layer 2 space. This data indicates the significant position of MANTA futures within the blockchain ecosystem.
Manta 24-Hour Trading Volume: According to DexScreener data, Manta's trading volume reached $13.5 million within 24 hours, elevating its ranking to 13th among all chains, including Ethereum, Solana, and BSC. This demonstrates the trading activity of MANTA futures.
Manta Pacific Statistics: Manta Pacific has accumulated 10.79 million transactions, with 528,500 addresses and 353,979 active addresses. Additionally, the number of verified contracts on-chain has reached 828, highlighting the thriving ecosystem of MANTA futures.
Financing Scale: MANTA futures successfully secured over $60 million in funding from institutions such as Polychain, Binance Labs, CoinFund, and SevenX Ventures. This substantial financing scale indicates the market's high trust in the project.
NFT Trading Volume: Reports indicate that the total trading volume of NFTs related to MANTA futures has reached 15,379 ETH, with a highest floor price of 1.03 ETH. This reflects the successful launch of MANTA futures in the NFT space.
The thematic poster for the launch of MANTA futures on the Aevo platform.
Overall, the launch of MANTA futures has brought strong liquidity and user base to Aevo, becoming one of the key factors for the rapid growth of Aevo's trading volume. The success story behind this data has attracted more investors and traders, boosting Aevo's market performance.
In addition to the launch of MANTA futures, there are two other reasons that directly contributed to the significant growth of Aevo's data volume:
Aevo Launches aeUSD with 4.75% Annual Yield: Aevo has adopted an innovative approach to attract users by launching the aeUSD collateral asset with an annual yield of 4.75%. This asset allows users to earn stable annualized returns while engaging in leveraged trading. aeUSD is an ERC-4626 asset based on Aevo, composed of 5% USDC and 95% sDAI. By depositing funds into Maker DAO's Dai Savings Rate (DSR) module and receiving sDAI, aeUSD can generate yield. This initiative has attracted more users to participate in Aevo's trading, thereby increasing trading volume.
Dencun Upgrade Benefits Decentralized Derivatives Exchanges: The Dencun upgrade has positively impacted decentralized derivatives exchanges, including Aevo. This upgrade enhances performance, particularly for decentralized derivatives exchanges with order book models like Aevo, bringing significant improvements. Compared to point-to-pool and AMM models of Perps, the Dencun upgrade makes these exchanges more efficient, improving trading fluidity and responsiveness, attracting more professional trading users, and providing a trading experience similar to centralized exchanges (CEX).
Aevo's Unique Advantages and Potential Support Its Imagination Space
Aevo, as a leader in decentralized derivatives exchanges, is moving towards a more robust future. Here is our analysis and outlook on Aevo's future, highlighting its potential and appeal:
Impact of Incentive Programs: Q1 2024 will be a key time for Aevo as they plan to launch an incentive program. This will not only increase user participation but also attract more market makers. The launch of the incentive program is expected to further enhance Aevo's market share and activity, maintaining its competitive edge in the digital currency space.
Leading Market Share: Aevo currently holds 77% of the digital currency options trading market, which is impressive. Their market position not only signifies influence but also enables them to lead the direction of industry development. With the launch of the incentive program, Aevo is expected to further solidify its market-leading position.
Potential of aeUSD: Aevo's aeUSD is an attractive financial tool that offers competitive annualized yields. This will attract more investors and traders, injecting more liquidity into Aevo's ecosystem. The stability of aeUSD and its 100% collateral ratio will increase user confidence.
Diverse Options Contracts: Aevo offers a variety of options contracts covering different durations to meet the needs of various users. This diversity will help Aevo attract a broader user base, from everyday traders to long-term investors. The use of European-style options settlement also provides a more reliable trading environment for investors.
Vault Strategy Potential: Aevo's vault strategy offers users more profit opportunities through automated strategies. This will help improve users' investment returns and provide them with more choices.
In conclusion, Aevo has established a strong market position in the digital currency space, and its future outlook is promising. With the launch of the incentive program and continuous innovation, Aevo is expected to continue attracting more users and investors, increasing market share and achieving sustained growth. As a high-performance decentralized exchange focused on options trading, Aevo will continue to provide innovative and diverse solutions for the digital currency community. We will closely monitor Aevo's development and look forward to its greater highlights in the digital currency market.
Uncertainty in the Decentralized Derivatives Space Remains Strong; It's Hard to Predict How Far Aevo Can Go in the Future
Aevo, as a one-stop on-chain derivatives exchange, has achieved remarkable accomplishments in the digital currency field. Its focus on options trading, stable-collateralized asset aeUSD, and strong token economics provide users with innovative and diverse trading experiences. From a total trading volume exceeding $100 million to a TVL over $23 million, and the introduction of governance tokens $AEVO and sAEVO, Aevo is growing at an impressive pace.
The future holds both opportunities and challenges for Aevo. The launch of the incentive program will further increase user participation, diverse options contracts will meet different investors' needs, and vault strategies will provide users with more profit opportunities. Aevo's market position, influence, and innovative products make it a key player in the digital currency community.
With the establishment of Aevo DAO, governance and community participation will become the driving force behind Aevo's progress. The flexibility of token economics will provide a solid foundation for Aevo's future development.
Therefore, Aevo is steadily moving along the path of leadership, and we look forward to witnessing more of its brilliant achievements in the digital currency trading field. Whether it's the anticipation of the incentive program launch or the optimism surrounding aeUSD's potential, Aevo is worth our close attention. In this field full of opportunities and transformations, Aevo has already demonstrated its determination to move forward, and we look forward to seeing its future flourish and continue to lead the future of decentralized derivatives trading.
