AshSwap

What is AshSwap?

AshSwap is a pioneering decentralized exchange (DEX) on the MultiversX blockchain, featuring advanced Stable-swap and Auto-Concentrated Liquidity algorithms. Designed to support a robust ecosystem of decentralized applications, AshSwap aims to be a key financial layer for the MultiversX Network.

Key Features

• Swap Options: Includes Legacy Swap and Aggregator Swap with Dynamic Trade Routing.
• Liquidity Solutions: Offers Liquidity Provision, Liquidity Stake - Farming, and various staking and governance mechanisms.
• Governance: Managed by AshDAO, which enables community voting and governance through mechanisms like Farm Weight Voting and Proposal Voting.

ASH Token

ASH tokens are central to the AshSwap ecosystem, offering various benefits:

• Utility: Used for governance, farming yield boosting, and revenue sharing.
• Allocations: 10% for Private Sale 7% for Public Sale 38% for Farming Rewards 15% for Liquidity Provision 8% for Community Growth 15% for Team Incentives
• Availability: Obtainable through liquidity staking and Metastaking program

AshPerp and Technical Advances

AshSwap's AshPerp is the first decentralized perpetual trading platform on MultiversX, offering high-leverage trading and a synthetic approach to asset support.

• Decentralized Trading: Full autonomy for traders through smart contracts.
• High Leverage: Available up to 100x on diverse asset classes.
• Safe Vault Operation: Absorbs negative P&L and protects against significant market movements.

Project Development

Summary from AshSwap official update for August 2024:

AshSwap:

• $280M accumulated trading volume.
• 200+ ESDT tokens and top 3 for EGLD liquidity.
• Trad3Ex integration enhances trading with optimal rates and routing.
• Farm Boost Calculator now available for veASH holders.

AshPerp:

• $35M all-time high in EGLD open interest.
• 0.05% opening fees on ETH pairs.
• $2.6M all-time high in 24-hour trading volume.

Other Projects in the MultiversX Ecosystem

• Foxsy AI: trains robots to outplay humans in soccer, engaging fans and advancing AI.
• Itheum: a blockchain-based protocol offering modular data tools and the first decentralized cross-chain data brokerage.
• xExchange: a decentralized protocol on the MultiversX blockchain for trading, farming, and liquidity.

AshSwap Price Analysis

As of November 25 2024 AshSwap has a marketcap of $3M. This is {{percentagefromath}} from its all time high of $0.120014. In terms of its tokenomics, there's a total supply of 1B with 30% currently outstanding. Keep in mind AshSwap has a fully diluted value of $10M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.

Summarized in part by ChatGPT 4 and Claude