KTX.Finance Traders Pulse 📈
October 2023 Edition
TL;DR 📑
- Milestones! $500m in total trading volume across both chains with $100M in total trading volume on Mantle and $400M hit on BSC!
- Our Mantle User Onboarding Programme comes to an end with 634 participants who will be receiving their $MNT tokens through an airdrop!
- Genesis Airdrop came to an end! Thanks to all who participated!
- The Blindbox Rush is here! This is a way to earn guaranteed rewards by trading normally!
- On October 10th, our TVL on Mantle almost doubled with nearly a million in KLP being minted, driving up both volume and fees for existing stakers. (What do they know??)
- Our KTC and KLP stakers have been making a killing with Real Yield APR (in ETH) reaching as high as 198%!
- New Update! Our Multi Chart trading feature is live on Mantle along with 100x leverage! This lets you see multiple assets at once while you trade!
- Product Improvement! We updated our trading UI, now featuring a large trading screen and more!
October: A Month to Remember 🎆
Another month has come and gone! October started out relatively quiet and has quickly riled itself up at the end of the month. With news aplenty and the market beginning to wake up, traders were licking their chops over at KTX!
Between talks of ETFs and influx of new money, Crypto had numerous reasons to move, and move they did. BTC moved from $27k to $35k, a 27% move, just this month! ETH and SOL also managed to make themselves known moving 22% and 68% respectively! You can see why KTX traders and KTC holders were having an absolute feast this month off of trades and yield earned!
Not to mention, we’ve also released some new features and campaigns that are sure to have you as excited as we are for what comes next.
This past month we’ve had a record amount of volume which has led to a massive increase in trading fees for the protocol! And since we are live on 2 chains, we have double the numbers to go over, so let’s break it down real quick.
Platform Statistics 📈
1) Mantle Network
- October Total Value Locked (“TVL”): $3.7M
- 30D Trading Volume: $97M
- 30D Fees: $53k
2) BNB Chain
- October Total Value Locked (“TVL”): $2.6M
- 30D Trading Volume: $60M
- 30D Fees: $54k
3) Fees Breakdown
Here’s what the above fee charts are showing you:
- Fees on KTX are steady and trending upwards, especially on Mantle.
- KTC and KLP stakers have been eating, with APRs reaching as high as 198% in real yield ETH for KTC stakers, higher than any other PerpDEX when it comes to real yield!
- For comparison’s sake, as of this publication KTC is yielding 110% APR in ETH (WETH) while the next highest is veMUX at 42.85% APR in ETH.
- Any other comparable protocol is sitting under 20% if not much lower in Real Yield.
- Fees have tripled on BSC and Mantle which meant a 200% increase in fees paid out to KTC/KLP stakers.
October’s Highlights
1) $100M Total Trading Volume on Mantle: Unlocked ! 🚀
MILESTONE ALERT: We broke over 100 Million in total trading volume in just under 2 months on Mantle! That’s ridiculous and is all thanks to you!
These statistics have been a great reward for what has been an exciting end to the month and is only the start for us. With more exciting markets comes more volume and with more volume comes more rewards for our holders.
But these aren’t the only important things that have gone on this month as we have a new protocol upgrade to announce!
2) Multi-chart Trading View 📊
Our devs have been going hard in creating new features for you guys to use and this is just the first of many that are coming your way!
This feature is cool for many reasons:
- It allows you to see correlated assets, side by side.
- For instance, allowing you to watch BTC and ETH at the same time to see which one is leading the market.
- Can even be used to watch 3 assets at the same time.
- Useful for watching the majors and one other asset to see how it responds to market movements.
3) Trading UI/UX Upgrade
In order to make KTX the most optimal place for you to trade, we’ve rearranged some things to keep you trading at your best!
We made a new banner that gives you a quick glance at the important information you need, such as current market prices, tickers, and open interest for both longs and shorts!
Then we magnified your trading panel to make this the most efficient UI for you to use. Since this is what most of you will spend the most time on, it makes the most sense for this to occupy as much of your screen as possible.
We also have changed it to where you can easily adjust both collateral and leverage by using the scroll bar!
Be able to stay on top of fast moving markets more efficiently with these additions!
Don’t forget to be mindful of your Stop Losses and Take Profits either!
We made it as simple as possible to quickly adjust these on the fly!
But wait, there’s more! We have some campaigns that are coming to an end and a new one beginning!
Campaigns 🎊
1) Genesis Airdrop on BSC Chain 🪂
We have reached our snapshot date for the Genesis Airdrop on BNB Chain!
Make sure to go to our website to check and see how much KTC you’re entitled to take home to the missus! Your KTC earned is proportional to how many points you accumulated. You can also check our Genesis Airdrop Scorecard to see how we determine our most loyal users!
2) Mantle Onboarding Programme 🏁
Our Mantle Onboarding Programme came to a conclusion at the end of the month! We had 634 participants reaching the full prize pool tranche of 25,000 MNT and all they had to do was trade!
A resounding success for the fledgling Mantle ecosystem! Stay on the lookout for future airdrops of KTC, you never know when they might pop up!
3) Blindbox Rush Campaign — Arcade Series 🎁
We have reached the midway of our Blindbox Rush Series where we give away blindboxes with guaranteed prizes. If you haven’t check out our Blindbox prizes you are missing out very juicy prizes! For more information, refer to our previous post “Welcome to the Blindbox Rush in KTX.Finance’s Arcade Series🕹️!”
