Recap of Matrixswap’s 1st Trading Competition — Statistics, Winners, and What’s Next

3 min readJan 17, 2022

Matrixswap’s first Trading Competition is in the books! A huge thank you to all of the traders that have signed up and participated for their chance at the prize pool. Over the span of two weeks, we’ve got a lot of tremendous feedback from everyone regarding our Perpetual DEX and we ensure we are refining everything we can before you start trading with real money.

Over the past week, our team has been reviewing all of the participants to ensure fair competition for those who joined our trading competition. Unfortunately, there were quite a few participants who have decided to trade unfairly. We have eliminated all of those participants from the winner's list.

Trading Competition Statistics

BTC AMM Volume — $152,492,016 USD
ETH AMM Volume — $47,087,447 USD
Total # of Traders — 526

~$200 Million in Trading Volume

During the two-week event, we’ve seen almost a total of $200m USDC in total trading volume for just two pairs — ETH/USDC & BTC/USDC! While our initial pair offering was ETH/USDC, most of the volume generated from traders was from BTC/USDC.

In terms of daily trading volume, we saw most of the volume being traded towards the last week of the competition and most during the last few days. While this trading competition was held during the holidays, we can only imagine that traders wanted to test their trading skills to stay ahead of the curve for 2022.

Winners

The total prize pool of this competition was 100,000 $MATRIX. After carefully reviewing the leaderboard here are the top 20 winners of the trading competition.

Top 20 Winners -

0x95bcd982094450e529f00c3fb57c1e6dedc85f38
0xee8d962e8a1f3bb009db1dd01ce16b92f7144e58
0xd334e7c35588352c401ee17297cd12cd9de2cd73
0x1943db692632e3fe2eb76ac73a8f7cea57f378de
0xdf525eb0e0c605d022e797ef2ec241426c230bf1
0xc64f8d3afdcf96a701b2a1c17dac02ac70a8c430
0x876163b45dfe5c1edf57831931feb5ba23f122b3
0x80be1bb634562920f74f4ed013885b96f6dc0f25
0x1d09bad800eee8a78e0f1256989a873984cd8c4e
0xe0ef249f3275318e1f1fe5522b01f3b475b67475
0xa52960e49b9230d4fe3280a3d170a8a3310787d3
0x5845f4526446e5e7ba940f15f71df11bda15f2fb
0x5b82827c0d882c3ecf9efeb4b3e3ea945cd89c1c
0x706dd0d5ded69836551e12be19dae4e5e30e4d08
0xb420b8e513d0e7e485df56a2af9eb5ca7660589e
0xbd0fd85ae3d16339361896a123b82b44763bc528
0xdd2081f897df2f9dba01cd482c780ecf863fb33b
0x6a479dd87f5a29dadd47e8ca692ba26471652361
0xafe88cf8ecfacd8b7a4b9ce6395efc948eb99021
0xb6fd18acbdd24c2b5448cace7a89aae8eef7dc94

While the top 3 walk away with the most amount of $MATRIX tokens, everyone in our spreadsheet will receive tokens.

1st Place — 30,000 MATRIX

2nd Place — 15,000 MATRIX

3rd Place — 8000 MATRIX

4th to 20th Place — 1,000 MATRIX per trader

21st to 50th Place — 500 MATRIX per trader

51st to 200th Place — 100 MATRIX per trader

You can view all of the winners in this spreadsheet here.

*If you don’t see your ETH address in the spreadsheet, it most likely means you are disqualified.

*$MATRIX tokens will be sent end of the week.

What’s Next?

Improve the UI based on people’s feedback from the trading competition.
Fix the bugs reported by our community and auditors.
Launch new initiatives that aim to onboard new users to try out MatrixPerp.
Implement new features once bugs are crushed.

In the meantime, you can:

Try out MatrixPerp Mainnet Beta if you haven’t.
Spread the word about MatrixPerp.
Learn more and find out how to trade using MatrixPerp here.
Join our community on Discord.

About Matrixswap

Matrixswap is a fully decentralized virtual-AMM-based perpetual swaps trading protocol deployed on the Polkadot, Cardano, and Polygon blockchains. Unlike traditional AMMs, users can long or short any assets’ perpetual contracts with up to 25x leverage. Matrixswap aims to be a fully community-owned and governed Defi protocol.

Use The Matrixswap DEX Aggregator on Polygon, BSC, and Avalanche

Matrixswap’s DEX Aggregator is now LIVE on three different chains — Polygon, BSC (Binance Smart Chain), & Avalanche. Trade all of your favorite assets within these three chains and enjoy the unique features Matrixswap has to offer.

Use it here —https://swap.matrix-labs.xyz/

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