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@ddamidezKatana Dex: Pre & Post Defi Incentives
Flipside AI
Ronin Network Katana DEX Performance Analysis
Key Insights from Ronin Bounties Launch
The introduction of Ronin Bounties on December 17, 2024, triggered significant transformations in the Katana DEX ecosystem. User engagement and network dynamics experienced notable shifts during this period.
User Acquisition and Engagement
Peak Performance Metrics:
- Maximum daily new swapper count: 5,400 users in a single day
- User base growth: 14.37% increase in swappers
- Transaction volume increase: 61.6% rise in total transactions
Transaction and Volume Dynamics
The bounty program introduced high volatility in daily trading activities. Daily trading volumes fluctuated dramatically, ranging between $2-10 million with increased frequency and unpredictability.
User Transaction Profiles
User Segmentation:
- Low-frequency traders: 79,520 users (single transaction)
- Low-volume traders: 94,867 users (transactions < $50)
- Mid-range traders: 37,523 users ($101-$500 range)
- High-value traders: 41,104 users (transactions > $500)
Contract and Infrastructure Observations
The Katana DEX showed interesting contract distribution:
- Old Katana Contract: 68% market share, $1.6B total volume
- Katana New Contract: Highest transaction count
- Gradual migration to new infrastructure observed
Conclusion
Ronin Bounties effectively stimulated user engagement, demonstrated through increased transaction volumes, user acquisition, and dynamic network activity.
Ronin Network Katana DEX Performance Analysis
Key Insights from Ronin Bounties Launch
The introduction of Ronin Bounties on December 17, 2024, triggered significant transformations in the Katana DEX ecosystem. User engagement and network dynamics experienced notable shifts during this period.
User Acquisition and Engagement
Peak Performance Metrics:
- Maximum daily new swapper count: 5,400 users in a single day
- User base growth: 14.37% increase in swappers
- Transaction volume increase: 61.6% rise in total transactions
Transaction and Volume Dynamics
The bounty program introduced high volatility in daily trading activities. Daily trading volumes fluctuated dramatically, ranging between $2-10 million with increased frequency and unpredictability.
User Transaction Profiles
User Segmentation:
- Low-frequency traders: 79,520 users (single transaction)
- Low-volume traders: 94,867 users (transactions < $50)
- Mid-range traders: 37,523 users ($101-$500 range)
- High-value traders: 41,104 users (transactions > $500)
Contract and Infrastructure Observations
The Katana DEX showed interesting contract distribution:
- Old Katana Contract: 68% market share, $1.6B total volume
- Katana New Contract: Highest transaction count
- Gradual migration to new infrastructure observed
Conclusion
Ronin Bounties effectively stimulated user engagement, demonstrated through increased transaction volumes, user acquisition, and dynamic network activity.
Ronin Network Enters a New Phase of Growth with Ronin Bounties
Ronin Network is stepping into a new phase of growth and engagement with the launch of Ronin Bounties.
These bounties represent the first major feature bridging gaming and Decentralized Finance (DeFi). This initiative marks a pivotal moment in the ecosystem’s growth, with Ronin Bounties paving the way for future user-generated content, quests, and more.
I analyzed the Katana DEX on the Ronin network two months before and two months of the incentives.
The bounties started on December 17, 2024.