Interpreting DEX One-Stop Application DexGuru: A Surge in On-Chain Data Demand
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Interpreting DEX One-Stop Application DexGuru: A Surge in On-Chain Data Demand
End users' demand for accessing asset information and real-time monitoring of on-chain data is exploding.
Navigating Web3 tides with focused insightsBy: D1 Intern
The DEX market is growing at an astonishing pace. In January this year, its total trading volume reached $128.6 billion—1.4x higher than the same period last year. Back in January 2020, that figure was merely $600 million. History advances by leaps and bounds.
As on-chain asset types diversify and scale expands continuously, end users’ demand for “accessing asset information” and “real-time monitoring of on-chain data” is exploding.
This is precisely where DexGuru comes in!
DexGuru is a one-stop DEX application
Before DexGuru, users had to open multiple websites—such as Dextools, Etherscan, Dune Analytics, Nansen, and CoinGecko—to gather different pieces of information to support their trading decisions.
DexGuru is a one-stop DEX application that provides users with a comprehensive suite of critical trading-related information and tools, including: on-chain inflow and outflow data for assets, activities of other market participants and their on-chain asset analysis, detailed on-chain asset distribution, professional K-line charting tools, and trade routing.
DexGuru delivers a fully integrated information display and highly efficient user experience on a single page, eliminating the need to juggle numerous websites. This dramatically saves users time and effort, creating a sticky trading environment.
DexGuru already supports eight major public blockchains: Ethereum, Binance Smart Chain, Polygon, Avalanche, Fantom, Celo, Arbitrum, and Optimism—covering nearly all mainstream EVM-compatible chains.
Meanwhile, the team is actively expanding its product to non-EVM compatible chains such as Solana, Polkadot, and Near.
Since April 2021, DexGuru has facilitated nearly $1.2 billion in trading volume and approximately 1.52 million trades via the 0x API.
D1 Ventures is pleased to announce our participation in DexGuru’s latest strategic round, raising $5 million. Other participants include Shima Capital, Huobi Ventures, Wintermute Trading, and Impossible Finance. Angel investors include @tracheopteryx (contributor to Yearn & Coordinape), Terra CEO Do Kwon, Polygon co-founder Sandeep, Zapper co-founder Suhail, and Teller Finance CEO Ryan.
The funds raised in this round will be used for product development. DexGuru will continue enhancing detailed information on on-chain spot markets and AMM protocols, and expand into NFT markets, options, futures, and synthetic assets in the future.
Behind DexGuru
DexGuru’s strong engineering capabilities have deeply impressed D1 Ventures. Its data infrastructure is not built on third-party services like The Graph, but developed in-house—delivering remarkably smooth and instant loading speeds for users.
CEO and co-founder Nick Sawinyh brings extensive experience in product, UI/UX, and digital marketing. He is also the founder of DeFiPrime, a website providing content and analytics for the DeFi community.
As a DeFi OG, Nick understands traders’ needs and firmly believes that open, transparent, and trustless DeFi markets will become the industry standard.
Looking Ahead: DexGuru DAO
DexGuru DAO is coming soon. All users who sent tips to DexGuru before February 1, 2022—regardless of amount or blockchain—will be eligible to mint a Guru Season Pass NFT for free. This NFT serves as a ticket to participate in early governance of DexGuru DAO.
Additionally, several targeted communities can also receive the Guru Season Pass NFT for free, including LobsterDAO NFT holders, DEXT token holders, and UniWhales token holders.
This initiative will help DexGuru achieve a successful DAO cold start. All Guru Season Pass NFT holders will be able to participate in early protocol governance, including decisions on the launch timing of the native token and initial reward distributions.
With the launch of its native token and DexGuru DAO, a powerful community is about to emerge—one that will enable DexGuru to capture, circulate, and reinvest protocol value. A next-generation, higher-dimensional one-stop application is rising.
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