Jumbo Exchange 2024: Key Metrics and Milestones

    What Is Jumbo Exchange?
    Summary

    When investigating the Jumbo exchange since the beginning of 2024, the platform has recorded approximately 30,000 swap transactions. Around 2,700 users have swapped about $5.6 million USD on Jumbo.

    The average swap volume is around $211, which is quite respectable. Notably, during the first week of May, the platform experienced a significant spike in its swap volume, which is an incredible milestone for Jumbo.

    Additionally, when grouping transactions by their volume, most transactions were less than $10.

    Jumbo is an AMM DEX that offers a cheap, seamless, and unfettered way for anyone to trade on. By tradition, Jumbo also allows anyone to be a liquidity provider without convoluting or masquerading the mode by which any users are able to do so. Retrospectively considering some common in-design flaws of certain DEXes that by virtue of the intricacy of UX unnecessary complicate the methodology of asset-adding and/or liquidity providing, Jumbo takes under purview straightforward, automated modus operandi that preserves simple and straightforward nature. By design, Jumbo leverages Near’s architecture to fully realize the simplicity of developing, tuning, and processing that is inherently present on the Near Blockchain Link.

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