MetalSwap Blog

Perpetual Demo - First Month Review

Written by MetalSwap | Oct 29, 2024 5:26:11 PM

On September 26, 2024, the brand-new perpetual DEX was released in its demo version for the first time. Today, we’d like to recap everything that has happened during this very exciting month and review some key metrics on user acquisition and retention.

Without further ado, let’s go!

1,000 Users in 1 Month

The perpetual DEX is already sparking a lot of interest among users. As recently announced on our official X profile, Denaria has already onboarded over 1,000 users, with 650 of them having completed the Proof of Personhood.

If you're unfamiliar with Proof of Personhood and why it’s essential to complete it within the App, more information is available in this dedicated thread on X.

The team was confident that this new product would be valuable to the DeFi community, but achieving such impressive results in such a short period exceeded expectations. This milestone suggests that the mobile-first approach and account abstraction integration are paving the right path for Denaria’s product development.

10,500 Trades and 956,000 Points Distributed

During this demo period, rigorous testing of the perpetual DEX is crucial to identifying any problems or inefficiencies to improve before the official release.

To encourage usage, a points campaign rewards users who actively use the app by completing trades.

As of today, over 10,500 trades have been completed by users, indicating high engagement. The points campaign is also going strong, with 956,000 points distributed so far—another key metric showing active user involvement.

More to Come

If you think the announcements are over, think again!

Denaria is continuously expanding its integration within the DeFi ecosystem, with new partnerships and collaborations on the horizon. Stay tuned for upcoming news on the app and points campaign, and follow the official X profile to stay updated.

Together, we are growing, and you can help by sharing feedback on the perpetual DEX and sharing your referral link to invite friends, earning both Denaria and points.

Denaria aims to be the Roman Empire of decentralized derivatives, conquering the entire market with our community’s help.

How to Get Started

Participating is simple:

  1. Download the Denaria app from our landing page

  2. Sign up to receive a welcome bonus in demoUSD and Denaria Points.

  3. Engage with the demo version of the perpetual DEX by completing tasks, daily logins, trading, and inviting others to join.

Alternatively, you can directly scan this QR code with your smartphone to download the App right now! For a better and more efficient experience, the team suggested using Chrome as a browser for this process.

Use the invite code: 38cb9e90

 

- The DeFi Foundation

 

What is Denaria?

Denaria is the most complete and user-friendly derivatives suite in the DeFi space, designed to serve a diverse range of users and meet the needs of various market participants.