Analyzing Swap Transactions on Polygon DEX: Understanding Volume and Platform Preferences

    The decentralized finance (DeFi) ecosystem on the Polygon network has witnessed significant growth, particularly in decentralized exchanges (DEXs). This study aims to analyze swap events on a selected group of DEX platforms within the Polygon network to understand the volume of swaps, platform preferences among users, and potential factors influencing swapping behavior. By conducting a detailed analysis of swap transactions on Polygon DEX platforms, this study aims to contribute valuable insights to the growing DeFi community on Polygon, ultimately fostering its development and adoption in the broader cryptocurrency ecosystem.

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    Discoveries:

    1. Total Amount Swapped: The query calculates the total amount swapped in USD on the DEX platform. This can give insights into the liquidity and trading volume of the platform.

    2. Platform Distribution: The results are grouped by the platform where the swaps occurred. This can reveal which platforms are more active or popular for decentralized trading on Polygon.

    3. Event Name Filter: The query filters events by "Swap," indicating that it's specifically interested in swap transactions. This suggests a focus on understanding the swapping behavior of users on the DEX platform.

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