DexToro April Recap
The market may be experiencing a downturn, but that didn't stop DexToro from making huge strides and solidifying its position as a leading perp DEX during April.
![DexToro April Recap](/content/images/size/w2000/2024/06/GjgzOjCzR1BaAZ78uwCo3.png)
The market may be experiencing a downturn, but that didn't stop DexToro from making huge strides and solidifying its position as a leading perp DEX during April.
Record-breaking trading volume, exciting marketing initiatives, and successful token sales are just a few of the highlights from last month. Let's take a look at what made April such an eventful month for DexToro.
Key April Milestones and Updates
April was DexToro's best trading month yet! The monthly trading volume peaked at $15,814,998 as word spread about the platform's innovative features and user-friendly interface.
Notably, this was the fifth month in a row that DexToro saw an increase in trading volume! And with more traders joining the platform daily, we are confident this trend will continue.
DexToro's monthly cumulative trading volume since launch🧐
— DexToro (@DexToro_com) April 30, 2024
Ready for DexToro's next big moves! 👇 pic.twitter.com/9NRCryBXMn
But the monthly trading volume wasn't the only record to break in April. DexToro also saw a new all-time high in 24-hour trading volume, surpassing $4.20 million on April 29th. It looks like traders took advantage of the new DexToro 1CT feature during increased market volatility.
In the past 24 hours, we've reached a new all-time high (ATH) in trading volume, with over $4.2 million traded in $BTC, $ETH, $ICP, and $AVAX.
— DexToro (@DexToro_com) April 29, 2024
For more stats, visit: https://t.co/eERXvNzr2G https://t.co/UNdwS3Hgiw pic.twitter.com/NG4XNmhsUW
DexToro's recent token sale with the House of Crypto Inner Circle Community was a resounding success, raising $242,000 through selling 1,210,000 DTORO tokens.
Combined with the $150,000 from ICO and $90,000 from the pre-seed round, DexToro has now secured $500,000 in funding to become the top decentralized derivatives exchange across ALL chains.
Our token sale with the House of Crypto Inner Circle Community has successfully concluded!
— DexToro (@DexToro_com) April 1, 2024
We've sold 1,210,000 DTORO tokens, totaling $242,000!
This adds to the $150,000 raised during our ICO and an additional $90,000 from our pre-seed round!
In total, DexToro has raised an… pic.twitter.com/SYiTclN6ap
DexToro Platform Improvements
DexToro users can now place orders with a single click! No more MetaMask pop-ups or wallet confirmations while trying to get that perfect entry — phew!
Simply enable 1CT on your DexToro account to enjoy a CEX-like trading experience on a decentralized platform that maximizes security.
1/ Introducing DexToro's 1-Click Trading⚡
— DexToro (@DexToro_com) April 9, 2024
Say goodbye to MetaMask popups! With DexToro's 1-Click Trading (1CT), you can place orders in a single click, streamlining your trading experience.
Here's the deal: 1CT eliminates the need for constant wallet confirmations, saving you… pic.twitter.com/itve2ZMA0q
The DexToro Rewards Dashboard has been made even more user-friendly and intuitive. Users can see all the important information at a glance, including the total amount of DTORO staked, total staking pool fees, and the option to claim or compound rewards.
Check out our upgraded rewards dashboard!
— DexToro (@DexToro_com) April 2, 2024
Explore now at https://t.co/IRre0WRlNJ pic.twitter.com/QDNkOBDUOw
DexToro strives to be the most accessible and user-friendly decentralized derivatives platform. That's why we removed the 0.01 ETH minimum balance requirement for placing trades with conditional orders (stop loss and take profit). Now, users can get started with just 0.0003 ETH / $1 in ETH inside their wallet.
This decision was made after listening to our community's feedback, and we believe it will make trading on DexToro even more inclusive for all users.
2/ Reduced Minimum ETH Requirement
— DexToro (@DexToro_com) April 24, 2024
Say goodbye to the 0.01 ETH minimum. Now, you can start trading with just 0.0003 ETH or just $1 min balance.
This means a much lower barrier to entry for new users and more flexibility for everyone.
Placing stop-loss and take-profit orders on DexToro no longer requires users to have ETH in their wallet. Now, users can concentrate on finding the perfect exit point without worrying about gas fees. We've got you covered!
1/ Lower Minimums & Conditional Order Freedom!
— DexToro (@DexToro_com) April 24, 2024
We've made some significant upgrades to the DexToro Exchange, all designed to improve your trading experience.
Here's what's new: ⇣ 🧵 pic.twitter.com/R1QOzOgwQF
DexToro Company Updates
Hot off the press! DexToro has partnered with Defiant News, a leading source of news and analysis in the decentralized finance space. DexToro will be featured in every newsletter published by Defiant News throughout the entire month of April.
This is an exciting opportunity for us to reach a wider audience and showcase what makes DexToro stand out in the world of decentralized derivatives trading. We are thrilled to be working with the team at Defiant News and look forward to sharing more updates with our community.
Our marketing campaign with @DefiantNews has kicked off! 🚀
— DexToro (@DexToro_com) April 11, 2024
DexToro is now featured in every newsletter published throughout the entire month.
Check it out here: https://t.co/mIG7kDvV3B pic.twitter.com/eeYZsvsBE2
The partnerships keep coming! We are excited to announce our collaboration with Coinband, a leading marketing agency in the blockchain and cryptocurrency space.
DexToro may be breaking usage records each month, but it's time to truly go parabolic. The goal is to become a global leader in decentralized derivatives trading, and this partnership with Coinband will help us achieve that goal even faster. Stay tuned for more updates on our marketing efforts.
We've officially teamed up with @coinband_io as our Marketing Partner 🤝
— DexToro (@DexToro_com) April 20, 2024
This is just the beginning, of DexToro's long journey ahead toward becoming one of the top perpetual DEXs in history. 🚀 pic.twitter.com/64LPo8DSxc
As part of our ongoing efforts to maintain a healthy and sustainable economy on DexToro, we have changed our inflation model to reflect the following diversions:
- Treasury: 40%
- Stakers: 40%
- Trading Rewards: 20%
Repositing 20% toward the treasury has reduced APR by over 10%. This move is part of our ongoing plans to reduce inflation by implementing a burning mechanism. DexToro is building for the long term, and we are committed to creating a strong and sustainable economy for our community.
1/ DexToro Inflation Update
— DexToro (@DexToro_com) April 13, 2024
We are implementing significant changes to our inflation model to ensure the sustainability and long-term viability of our platform. 🧵 ⇣ pic.twitter.com/1PeXJ947gx
What to Expect Next
- Our first official marketing campaign, month 1 with CoinBand, begins in May.
- DexToro Liquidity and the DexToro Stablecoin dUSD has been successfully built and deployed on testnet and locally. After our Seed Round, which kicks off at Consensus, we begin to migrate DexToro Exchange to v2, which will be on the Base chain. DexToro Liquidity will be deployed on either Ethereum Mainnet or Base, we are still debating this internally. Expect a massive $1m+ starting liquidity injection into dUSD, listing dozens of new Forex pairs and US equities. DexToro Liquidity will bring the DTORO token additional utility by offering incentives to stake, provide liquidity and mint dUSD. Of course the most popular collateral assets will be ETH and USDT. The talks of upgrading our Smart Wallet and possibly offloading some trade execution functions offchain, which will enable DexToro to be faster and more secure than all DEXs and CEXs.
- The updates in this section, “What to Expect Next,” if you can guess, were made by Nick.
About DexToro
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Learn more at DexToro.com