Finance Technology
Louis Cooper (💙,🧡) 🍄
Louis Cooper (💙,🧡) 🍄

@LouisCooper_

6 tweets 5 reads Apr 28, 2023
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I have to give it to @vela_exchange, the leadup to their beta and now incentivized trading push has been genius.
So I decided to look through Purif's Dune dashboard.
Is Vela here to stay? 👇
dune.com
dune.com

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One of the more interesting data points is the high volume and OI for forex pairs like EUR or JPY.
Of course, this comes with the higher leverage available, but it's also how $GNS gained a massive market share in the space.
Curious to see how this trend continues.
One of the more interesting data points is the high volume and OI for forex pairs like EUR or JPY....
One of the more interesting data points is the high volume and OI for forex pairs like EUR or JPY....
Second up is the actual user base, boosted by the loomed airdrop.
Almost 25,000 traders have used the platform, opening up almost 150,000 positions.
Curiously, the average leverage is 24% seemingly boosted by the 100% leverage on forex pairs.
Second up is the actual user base, boosted by the loomed airdrop. Almost 25,000 traders have used t...
All that trading has accrued almost half a million in a little over two weeks for VLP holders (liquidity providers)
The VLP token itself is sitting at $1.03, providing a whopping 82% APR.
Looks like those early VLP providers are incredibly happy.
All that trading has accrued almost half a million in a little over two weeks for VLP holders (liqui...
With all this trading activity we must ask ourselves:
What market share will remain after the airdrop incentive is completed?
To my guess, a large amount of it.
People don't trade millions of $$$ in volume just for an airdrop, they must be enjoying the platform.
So what's your take?
Have you tried Vela, do you like it?
Does it even deserve to take market share from GMX/GNS, or is there enough for everyone?
Drop me your response below 👇
That's all for now, thank you :)

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