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    FraxSwap's Meteoric Rise on Avalanche

    hexagon

    Flipside AI

    Fraxswap on Avalanche demonstrates robust growth and moderate trading activity, processing 126,749 total swap transactions with a total volume of $53.85M and an average transaction size of $1,000. The platform has experienced significant user expansion, growing from 1 to 1,057 monthly active users, with 857 new users in the most recent period. The top 100 users show concentrated trading, with the highest volume user executing 18,918 transactions totaling $5.52M, while maintaining a consistent daily average of 131 transactions and 4.74 unique users per day.

    FraxSwap Key Stats & Performance
    Users Behavior & Interaction

    Fraxswap is a decentralized exchange (DEX) operating on the Avalanche blockchain, designed to facilitate seamless token swaps and liquidity provision. It utilizes an Automated Market Maker (AMM) model, enabling users to trade various token pairs directly from their wallets.

    Key Features:

    • Token Swaps: Fraxswap allows users to exchange tokens without the need for intermediaries, ensuring a decentralized trading experience.

    • Liquidity Pools: Users can provide liquidity to various pools and earn a share of the trading fees generated by the platform.

    • TWAMM Functionality: Fraxswap offers Time-Weighted Average Market Maker (TWAMM) functionality, which helps in executing large trades over a specified time period to minimize market impact.

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