Research Summary
The research report discusses Level Finance, an oracle-based margin and spot trading decentralized exchange (DEX) that has shown significant growth since its launch in 2023. Level Finance, which came into existence following the success of GMX, has managed to achieve trading volumes that compete with its largest competitor, GMX. The report indicates that Level captures between 10-42% of the daily volume market share across levered trading and perpetual DEXs. The report aims to explore the differences between Level and GMX, the reasons behind Level’s success, and the sustainability of its growth.
Actionable Insights
- Understanding the Success of Level Finance: Level Finance’s growth and success in the market can be attributed to its oracle-based margin and spot trading system, similar to GMX. This insight can be used to understand the factors contributing to the success of a DEX.
- Market Share of Level Finance: Level captures a significant portion of the daily volume market share across levered trading and perpetual DEXs, indicating its strong presence in the market.
- Comparison with GMX: The report provides a comparison between Level and GMX, which can be useful for understanding the competitive landscape of DEXs.
