The Thunders Clashed and the Future of DeFi got Revealed: Presenting the Statistics of our Incentivized Testnet
The results for Thunder of Clash are in and the verdict is….*cue drumrolls* unequivocal success.
Okay, we’re getting ahead of ourselves. Let’s back up a bit.
So, if you’re new here, here’s a quick recap about what’s going on at Dfyn. For the better part of 2022 our development team had been fixing existing deficiencies in Dfyn V 1.0 while also building innovative solutions to build Dfyn V 2.0.
And upon completion, Dfyn V 2.0 was powered with an arsenal of unparalleled functionalities like On Chain Limit Orders, Concentrated Liquidity and Unified Pools, RFQ Styled Orders, and much more. Read this blog if you want to know more about the architecture powering Dfyn V 2.0.
The only thing that remained was for early adopters to test out its functionalities in real time and validate our new and improved offering. Hence, in order to engage our community in a mutually beneficial manner, we introduced an incentivized testnet called “The Thunder of Clash” on February 1, 2023. This campaign was live till February 13, 2023.
The purpose of this testnet was to test the capabilities of Dfyn V 2.0 and provide rewards to early adopters for engaging with the platform. Here’s a blog in which we posted all the details about participating in the incentivised testnet.
But now that the campaign is over, it’s time to go over the statistics.
Let’s start with participation:
Over 10,000 users joined the guild and out 4500 of them participated in the tasks.
And over 450 users completed ALL the tasks listed here.
Now, comes the most important segment of all: Transaction Data
In the span of just 13 days, over 52,000 On Chain Limit Orders were placed. Out of them roughly 18,000 On Chain Limit Orders were fully claimed and over 9200 of them were partially claimed.
The total number of swaps completed were over 65,000 and more than 19,800 Liquidity Addition Transactions took place during this campaign.
And even though these numbers are impressive in themselves, they represent validation of a much larger vision.
The vision of Dfyn V 2.0 becoming the one-stop solution for all trading-related activities in the space of DeFi. While this testnet was certainly a huge win, the way we see it, this was just a giant step in a marathon that’s still got miles to cover.
So if you’ve still been off the ride, it’s time to hop on and see the future of DeFi build itself in real time.
About Dfyn
Dfyn’s vision is to become a one-stop solution for all trading-related activities. Dfyn is a fully decentralized multi-chain trading exchange that offers cross-chain swaps powered by Router Protocol and has now launched RFQ-based orders for better capital efficiency.
