Have you ever thought that all decentralized exchanges (DEXes) offer the same exchange rates for any given token? Think again! Statistical analysis reveals significant variations in exchange rates between DEXes for specific token pairs.
In fact, if you want to maximize your profits, you should carefully select the DEX or pool from the available options. You can rely on a DEX aggregator to guide you towards the best DEX for a particular swap, or you can make your own informed decision based on reliable facts and data. However, gathering information and analyzing data can be challenging, especially for newcomers or those who have numerous daily swaps.
That's where Swap Advisor comes in!
Introducing Swap Advisor!
What is Swap Advisor?
Swap Advisor is a powerful dashboard tool that provides comprehensive insights into the performance of decentralized exchanges (DEXes) for token swap pairs on the Avalanche, Ethereum, and Polygon networks. By leveraging historical data and performance analysis, this tool offers valuable information and visualized data to help users make informed decisions about their token swaps. Gain a deeper understanding of how different DEXes have performed in the past, enabling you to optimize your swapping strategies and maximize potential returns.
How Can You Make Data-Driven Decisions?
Median and Average Exchange Rates per DEX:
Swap Advisor visualizes the average and median exchange rates across various DEXes during a specified time period for selected tokens. This allows you to decide whether to try a DEX with a higher median or average exchange rate.
You can also find additional metrics such as the number of swaps executed on each DEX for the given pair and the number of unique wallets that have used these DEXes for the specified swap. These insights offer further understanding of the performance and popularity of DEXes for the selected token swap.
Based on Popularity
The popularity and usage of a DEX indicate how much the community relies on it. Swap Advisor showcases the DEX that is most frequently utilized for the selected token swap pair. Understanding the most commonly used DEX can help you make informed decisions about where to execute your token swaps for optimal convenience and liquidity.
Based on the Combination of Exchange Rate and Popularity
You can consider both the average usage and the exchange rates offered by each DEX. By analyzing metrics such as the number of swaps executed, the number of unique wallets using each DEX for the given swap, and the average exchange rates provided, this section identifies the DEX that offers the optimal balance between popularity and favorable pricing. This analysis helps you determine the DEX that not only enjoys significant user activity but also provides competitive prices for your token swaps. Making use of such a DEX can maximize the chances of obtaining desirable rates while benefiting from a thriving trading environment.
Time Matters
Statistics show that there are variations in the exchange rate of certain tokens between different times of the day and weekdays. Swap Advisor analyzes historical data to identify the optimal hour and day for executing the swap. By examining patterns and trends, it determines when the market conditions have historically been most favorable for the selected token swap.
The Status of Swap Advisor
Swap Advisor is currently in the early stages of development. You can find it in separate dashboards for three different networks. However, it will soon be integrated into a single website, and the number of supported networks will be expanded.
Check Out Avalanche Swap Advisor
Check Out Ethereum Swap Advisor
Check Out Polygon Swap Advisor
We welcome any feedback to improve and grow this idea.
Methodology and Data
: The analysis is conducted using data from FlipSide's databases. FlipSide provides reliable and comprehensive data on various blockchain networks, including Ethereum, Avalanche, Polygon, and Solana. FlipSide provides data in structured tables and schemas, and all data is freely accessible.
DEX Selection: The analysis considers a predefined list of DEXes operating on the selected network. The selected DEXes are chosen based on the label table of FlipSide's database. The specific list of DEXes included in the analysis can be found in the table provided.
Historical Data: The analysis utilizes historical data on token swaps from FlipSide Swap databases. The data covers a specified time period, allowing for meaningful insights into the performance and characteristics of the selected DEXes.
: Various metrics are examined to evaluate DEX performance, including average exchange rates, popularity based on the number of swaps executed, and the number of unique wallets using each DEX for the given swap pair.
: The analysis involves comparing and analyzing the metrics across the selected DEXes to identify trends, patterns, and optimal DEX choices based on factors such as exchange rate competitiveness, popularity, liquidity, and historical performance.
More about the Author
Discord: SocioCrypto#1741
Flipside Profile: https://flipsidecrypto.xyz/SocioCrypto
Dashboards Gallery
