Bonfida’s Weekly Newsletter 19/01/2021

Welcome to the 3rd edition of our weekly newsletter. This previous week has gone by quickly and the start of January is already in the rear-view mirror! So let's cut to the chase, we have some hidden gems here.

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Key Performance Metrics:

This week the Serum DEX set another record of the highest 7-day average volume of $13,481,081 USD, with a total weekly volume of $94,367,569 USD from the 10th to the 16th of January.

Comparing the volume from the previous weeks we can see that volume is up 3%. Daily volume ranged higher than the previous week with totals ranging from $7,421,990 USD to $16,306,922 USD.

The largest trading pair was BTC with its USDT and USDC pairings.

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Announcements:

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MAPS is preparing for its launch next week. At Bonfida we are extremely excited to be coordinating the IDO for MAPS.

To participate on MAPS IDOhttps://help.bonfida.com/ido/participate/

“Maps.me is a popular mapping application that works similar to Google Maps except users can access it offline. But why is it relevant to crypto? Maps 2.0 introduces new financial products and services on the platform, allowing users to store assets, convert currencies, transfer funds, and make payments digitally.”

MAPS in the news:

Cointelegraph: SBF leads $50M funding round to bring DeFi to Maps.me’s 140M users
https://cointelegraph.com/news/sbf-leads-50m-funding-round-to-bring-defi-to-maps-me-s-140m-users

Asia Crypto Today: What Is Maps.me and Maps 2.0? ($MAPS)

SWAP SURPASSES $100 MILLION INCEPTION VOLUME

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SWAP has been building momentum with a daily average volume of 3 million USD. Total value locked has increased by 23% in the past fortnight.

DEX ACHIEVES $100 MILLION VOLUME IN 7 DAYS

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Achieving a higher daily average and our quickest $100m USD volume in the shortest amount of time yet.

JABBER TO BE INTEGRATED ON BONFIDA DEX

In the coming weeks, Bonfida will integrate Jabber. Jabber is an instant private message application built on the Solana network. This will begin with offering a troll box and 24/7 tech support messaging system for Bonfida users on the DEX.

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Developments:

(https://twitter.com/bonfida/status/1351000389273997318)

We are thrilled to have added another language to support our userbase from across the globe. We currently support the Bonfida DEX in English, Chinese, French and Turkish.

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SOMETHING, SOMETHING. RISE OF THE MACHINES

Smart, machine learning, and backtested. Any guesses?

Find out more; https://bonfida.com/bonfida-white-paper.pdf

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Thank you for taking a moment to keep up to date with 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 and MAPS are 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/

DEX: 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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