Stellar Term is the most popular Stellar decentralized exchange and today, it has entered top 10 DEX volume’s list on Coinmarketcap. This is chiefly due to Aquarius SDEX’s rewards which has brought a lot of liquidity and volume to Stellar Term.
We believe this is just tip of iceberg of benefits brought by Aquarius project. Soon, Automated Market Makers (AMM) and voting rewards will go live on 3rd November 2021.
There is over 200 dollar million daily volume on SDEX, which is highest Stellar DEX volume ever. Right now, Stellar Term ranks #9 in terms of volume and surpassed HoneySwap, TraderJoe and QuickSwap to enter top 10 DEX list.
Decentralized exchanges ahead of Stellar Term on Coinmarketcap include Uniswap (V3), PancakeSwap, dYdX, Uniswap (v2), Sushiswap, 1inch exchange, Raydium and MCDEX. With AMM, we are pretty sure Stellar Term will enter top 5.
At time of writing, Stellar Term is enjoying over $228M volume. Sushiswap, #5 exchange, in comparison has $491M volume. That’s easily achievable with AMM and voting rewards.
StellarTerm (and #SDEX) is now a top 10 DEX by volume on @CoinMarketCap.https://t.co/RmakYYAYBL pic.twitter.com/sONGVXdiFj
— StellarTerm (@StellarTerm) October 31, 2021
Top ten traded tokens on Stellar Term are XLM, BTC, XXA, SLT, SHX, LSP, DOGET, GTN, USDC and XRP.
