Bonfida’s Weekly Newsletter 12/01/2021

Welcome to the 2nd edition of our weekly newsletter. We are glad you are stopping by to check in on our latest news, we have a lot to discuss.

This week we are trialing a different approach to our newsletter, so feel free to leave your feedback on our socials.

Key Performance Metrics

In keeping you up to date with our performance it’s important to discuss how Serum performed.

So here is some critical information, the last fortnight has seen a large amount of growth on Serum and exchanges across cryptocurrency markets. This month is on track to be the biggest yet and we are excited to see where it takes the ecosystem.

The weekly volume is up from last fortnight, with a 160% increase and a total volume of $139 million USD. The largest market on the exchange is the BTC/USDC and USDT variants.

Let alone this past week, the ecosystem achieved its highest ever daily volume at $16.3 million USD on the 9th of January, the lower volume range was $1.93 million USD on Saturday the 2nd of January. With this outlier of $1.93 million USD, it is important to take into consideration that it is common across all exchanges to see a decline in volume on Saturday and Sundays.

The 14-day daily average is $9.9 million USD, this eclipses previous fortnights daily average of $3.8 million USD and sets a trend of growth going forward.

Announcements

FTX Lists SECO & HOLY SPOT & PERPS. (https://twitter.com/bonfida/status/1346335246992736258)

We’re excited that FTX is providing more exposure for POOL tokens. For those wanting to find out more about POOLs on Bonfida — Give our recent Medium post a read. (https://bonfida.medium.com/introducing-the-ecosystem-pool-bba97f7e9023)

BONFIDA WELCOMES BILIRA

(https://twitter.com/BiLira_Official/status/1346480816092692480)

BiLira is a stable cryptocurrency backed by the Turkish Lira. This enables individuals to trade cryptocurrencies against TRYB pairs on Bonfida.

SRM GIVEAWAY — DEX USERS

Congratulations to all the 7 lucky individuals who participated in the Serum (SRM) giveaway. They took home 25 SRM each for using the Bonfida DEX.

BONFIDA OFFERS 24/7 CUSTOMER SUPPORT
(https://twitter.com/bonfida/status/1348154118049652736)

We are committed to offering a CEX experience on a DEX by having support staff available 24 hours a day. Our staff can assist you with a range of issues and are happy to help.

Our staff can be reached on:

Website Support: https://help.bonfida.com/

Telegram: https://t.me/bonfidatg

Website: bonfida.com

Discord: discord.gg/XAfxEMBE2Y

Email: Contact@Bonfida.com

SERUM DEX BREAKS ½ A BILLION DOLLAR INCEPTION VOLUME

(https://twitter.com/bonfida/status/1347222004957515776)

It took roughly 4 months to achieve this milestone and we can feel that the next ½ a billion will be a lot quicker.

FTX ALLOWS USERS TO USE $FIDA AS COLLATERAL

(https://twitter.com/bonfida/status/1347766806279147523)

Bonfida is happy to announce that FTX is allowing users to use FIDA as collateral for trading on their exchange.

BONFIDA HELD A 𝐀𝐏𝐄 𝐒𝐙𝐍 MERCHANDISE AUCTION

(https://twitter.com/FTX_Official/status/1346781411127119872)

We were excited to hold the first-ever auction of consumer goods on the Bonfida DEX. APE SZN clothing created @AWice and @FTX_Official. All proceeds from sales will be donated.

For those who missed out on the auction they can still purchase the clothing from:

Developments:

UPDATED UI (24HR CHANGES & TRADING VOLUME) OF ALL PROJECTSERUM MARKETS
(https://twitter.com/bonfida/status/1346365717239582722)

Another update on user interface that allows users to see 24-hour changes and total volume across DEX exchanges on ProjectSerum.

KIN ECOSYSTEM WALLET SUPPORT ADDED TO BONFIDA WALLET

(https://twitter.com/bonfida/status/1346687929339445254)

Bonfida offers a safe and secure wallet for individuals to easily store their assets and mint wallets for new assets.

Visit https://bonfida.com/wallet/ to get started.

UPDATED MARKET SEARCH BAR

User feedback was taken into consideration to provide a simpler way to search for your favorite markets. With a simple click, you can search for your trading pairs.

Thank you for taking a moment to keep up to date with the Bonfida newsletter.

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None of the above is financial advice.

Bonfida does not provide services to personal accounts of current residents of the United States of America, Cuba, Crimea and Sevastopol, Iran, Syria, North Korea, or Antigua and Barbuda.

FIDA is not offered within the United States or prohibited jurisdiction.

Follow us on our socials to keep up to date on any announcements.

Reddit: reddit.com/r/Bonfida/

Trade: bonfida.com/dex

TG Announcements: http://t.me/BonfidaANN

Telegram: https://t.me/bonfidatg

Website: bonfida.com

Twitter: twitter.com/bonfida

Discord: discord.gg/XAfxEMBE2Y

Medium: https://bonfida.medium.com/

Price Chat: https://t.me/FIDAtrading

Chinese Chat: https://t.me/bonfidacn

Data, Analytics, and GUIs for Serum

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