It’s been less than a year since Clipper first set sail, and we’re thrilled to announce that we recently surpassed $1 billion in trading volume! This comes out to an impressive $4.3b in annualized trading volume and $11m in annualized revenue as of June 24, 2022.
Clipper's Capital-Efficient Liquidity Pool
Since launching last July, over 655,000 trades have been made on Clipper across all our network deployments, and Clipper regularly ranks among the top ten DEXs in terms of active user count.
The fact that Clipper was running smoothly with only $11m in TVL when we passed $1b in trading volume makes this accomplishment even more impressive, and by this point Clipper’s pool had already turned over nearly 15x since it went live. These numbers change rapidly based on fluctuating on-chain activity, but from what we’re seeing it’s clear that Clipper runs on one of the most capital-efficient liquidity pools in the DeFi space!
Clipper is Now Optimized for A Wider Range of Trades
Clipper was originally designed to offer the best prices for trades under $10,000, but with our recent DEX upgrades Clipper is now optimized to have the lowest prices on trades of up to $50k in value. As a result, the average trade size on Clipper’s Ethereum Mainnet deployment is now <$40k, with smaller trades typically taking place on Clipper’s scaling networks (Polygon, Optimism, Moonbeam).
And with the launch of Clipper Coves, Clipper now offers low-fee trades between any token pairs via user-generated pools for coins on Polygon and Moonbeam.
Clipper Has Risen to the Occasion
Clipper was designed from the start with retail traders in mind and was the first DEX on the market to take a deliberate approach to delivering them the lowest possible trading prices for small-to-medium sized trades. Many other crypto exchanges, both decentralized and centralized, have been roiled by recent market conditions, but Clipper’s healthy trading volume and impressive LP fees are proof that the signal is emerging from the noise within the DeFi space.
Fundamentals matter once again in crypto, and today’s choppy market conditions are providing an opportunity for high quality projects to rise to the occasion and set themselves apart from the flotsam and chaff. Onwards and upwards!