Tinyman & Pera Wallet are super tools of Algorand blockchain
IntroductionTinyman is a decentralized trading protocol which utilizes the fast and secure framework of the Algorand blockchain, creating an open and safe marketplace for traders, liquidity providers, and developers. Pera Wallet is the easiest and safest way to store, buy and swap on the Algorand blockchain. Discover & connect decentralized applications (dApps) on any device. In this article, we teach how to use Pera Wallet in Tinyman, so stay with us.Enter the world of TinymanBy entering the...
Introducing Sturdy's mechanics and use cases
What is Sturdy?Sturdy is the best DeFi product with 10x leverage for lenders and borrowers. There are two ways to use the product:Lending to the Sturdy protocolReceive a loan from Sturdy ProtocolFor example, Maggie lends $250 to the protocol and Jack borrows $50 from the FRAXBP token using the tokens in the protocol. At the end of the period, both parties can receive interest according to the amount they have invested. In fact, Jack provides the interest of Maggie, and Jack returns the loan a...
How to snipe blue-chip NFTs with NFT tools
Blue Chip NFTWhat Is a Non-Fungible Token (NFT)?Non-fungible tokens (NFTs) are cryptographic assets on a blockchain with unique identification codes and metadata that distinguish them from each other.What are blue chip NFTs?Blue chip NFTs come from the most well-known and successful collections. They're considered industry leaders and are more likely to grow than other NFT projects. A blue chip NFT collection will have some or all of the following characteristics: It's regularly see...
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Tinyman & Pera Wallet are super tools of Algorand blockchain
IntroductionTinyman is a decentralized trading protocol which utilizes the fast and secure framework of the Algorand blockchain, creating an open and safe marketplace for traders, liquidity providers, and developers. Pera Wallet is the easiest and safest way to store, buy and swap on the Algorand blockchain. Discover & connect decentralized applications (dApps) on any device. In this article, we teach how to use Pera Wallet in Tinyman, so stay with us.Enter the world of TinymanBy entering the...
Introducing Sturdy's mechanics and use cases
What is Sturdy?Sturdy is the best DeFi product with 10x leverage for lenders and borrowers. There are two ways to use the product:Lending to the Sturdy protocolReceive a loan from Sturdy ProtocolFor example, Maggie lends $250 to the protocol and Jack borrows $50 from the FRAXBP token using the tokens in the protocol. At the end of the period, both parties can receive interest according to the amount they have invested. In fact, Jack provides the interest of Maggie, and Jack returns the loan a...
How to snipe blue-chip NFTs with NFT tools
Blue Chip NFTWhat Is a Non-Fungible Token (NFT)?Non-fungible tokens (NFTs) are cryptographic assets on a blockchain with unique identification codes and metadata that distinguish them from each other.What are blue chip NFTs?Blue chip NFTs come from the most well-known and successful collections. They're considered industry leaders and are more likely to grow than other NFT projects. A blue chip NFT collection will have some or all of the following characteristics: It's regularly see...
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Bebop is a decentralized trading platform. We are on a mission to make superior trading products with efficient execution available to anyone.
Bebop says:
“We believe that DeFi is the most notable innovation of our time and that it will without doubt redefine finance as we know it. However, we also see barriers to wider adoption. The universe of DeFi is fragmented. The quality of platforms and offerings is inconsistent, making it difficult to navigate the landscape and to assess which can be most trusted. Once on a platform, user experience becomes a major challenge for anyone who is not a “DeFi degen” or “power user”. When it comes to efficient execution, there is another set of challenges: time to complete a swap between two tokens, high gas costs, and slippage.”
Bebop, as an idea, was born and incubated at Wintermute, one of the largest trading companies in crypto and a leading liquidity powerhouse in DeFi.
Bebop has been built by veteran DeFi traders, developers, and “degens”. Our team has battle-tested and provided pricing for every major DEX and aggregator in the industry. We believe that, because of this experience, we are best positioned to synthesize the knowledge of the DeFi universe and to offer game-changing improvements to what’s already available there today. On the design side, we are adopting the best practices from outside of DeFi, which we believe is instrumental to building a truly accessible product for wider adoption.
Bebop differs from other DeFi trading platforms in a number of ways. We offer multiple token trades, no slippage, and network fees included in the quoted price.
Multi-token trades: In addition to being able to trade one token for another, Bebop allows users to perform multiple token trades, all in one transaction. Trade one token for a portfolio of up to 5 tokens or several tokens for one - these are our signature “one-to-many” and “many-to-one” functionalities.
No slippage: Bebop offers superior execution. Our users get no slippage, which means that they can trade exactly at the price they see and that the price does not change once trade has been initiated.
Fees included: Bebop delivers full transparency into how quotes are calculated. Network fees are also included in the price that is quoted, so our users do not encounter any unexpected network fees.
In this article, we will review the Gas Fee on the Bebop platform on the Ethereum network.
Does Bebop give users the right way to save gas fee?
Is this value creation for users correct?
Ethereum gas fees are something that has concerned ETH users for quite a while now. Despite its crazy spikes, it’s an essential part of the Ethereum network—it exists to incentivize miners (while ETH still uses the Proof-of-Work system), secure transactions, and distinguish computational costs from other expenses.
With Ethereum 2.0 on the horizon, users remain hopeful that gas fees will eventually be reduced. It was one of the main reasons behind the upgrade, leading to future features like blockchain sharding and the switch from the Proof-of-Work consensus algorithm to Proof-of-Stake—both of which will hopefully reduce Ethereum gas fees in the long run.
As for what happens when that upgrade comes, we’ll just have to wait and see. Right now, we have to play with the hand that we’re dealt with. Gas prices are high, so it might benefit most to stick to something tried and tested like Bitcoin and its already-proven Lightning Network—at least until we see what happens when (or if) Ethereum 2.0 drops.
(https://paxful.com/university/reduce-ethereum-gas-fees/)
Bebop has provided the following table in its documentation.
(https://docs.bebop.xyz/bebop/faq/trade-faq)
Now we will examine the real situation of transactions from the beginning of 2022.
With the help of the Dune website, we analyze Gas Fee data in Bebop.
(https://dune.com/amir007/gas-fee-in-bebop)
We used some data from murathan dashboard.
Thanks to murathan
You can see the complete murathan dashboard here
We focused on the data related to the swap of one currency to multiple currencies and the swap of multiple currencies to one currency, because according to the table you saw in the Bebop documentation, there is no change in the Gas Fee for the swap of one currency to one currency.
The leveling of the trades has been as follows:
Normally, without using the Bebop platform, the number of trades per swap is written at each level.
Gas Fee has obtained every transaction that happened on the Bebop platform and then we multiplied the number of transactions minus one by Gas Fee to save the profit from the trade.
As follows:
(Number of trades (without Bebop) – 1) * Gas Fee = Saved Gas Fee
Of course, we calculated the price of Ethereum every day so that the comparison criteria is based on dollars so that the calculations are not affected by the price of Ethereum.
For example, on October 30, 2022, the user Bebop paid 5.8 thousand dollars in Gas Fee for the network, while about 8.7 thousand dollars were saved in paying fees per currency pair trade.
A wonderful statistic on Ethereum layer 1 network from a creative project!
Bebop has really become the killer of Gas Fee.
The total gas fee saved since the beginning of 2022 is more than 128 thousand dollars. A stunning statistic for competitors in the market.
The Bebop project is here to give its users great value.
Saving Gas Fee on the Ethereum network, which is the most expensive network in the crypto world.
All calculations related to these trades are completely handled internally by the Bebop project.
The Bebop team is determined to achieve its short and long-term goals and take effective steps to improve the use of the Ethereum network.
they can!
Be friends with the colored snake (Bebop) because it works in your favor :)
https://bebop.xyz/ https://docs.bebop.xyz/bebop/ https://paxful.com/university/reduce-ethereum-gas-fees/ https://docs.bebop.xyz/bebop/faq/trade-faq https://dune.com/murathan/bebop https://dune.com/amir007/gas-gee-in-bebop
Bebop is a decentralized trading platform. We are on a mission to make superior trading products with efficient execution available to anyone.
Bebop says:
“We believe that DeFi is the most notable innovation of our time and that it will without doubt redefine finance as we know it. However, we also see barriers to wider adoption. The universe of DeFi is fragmented. The quality of platforms and offerings is inconsistent, making it difficult to navigate the landscape and to assess which can be most trusted. Once on a platform, user experience becomes a major challenge for anyone who is not a “DeFi degen” or “power user”. When it comes to efficient execution, there is another set of challenges: time to complete a swap between two tokens, high gas costs, and slippage.”
Bebop, as an idea, was born and incubated at Wintermute, one of the largest trading companies in crypto and a leading liquidity powerhouse in DeFi.
Bebop has been built by veteran DeFi traders, developers, and “degens”. Our team has battle-tested and provided pricing for every major DEX and aggregator in the industry. We believe that, because of this experience, we are best positioned to synthesize the knowledge of the DeFi universe and to offer game-changing improvements to what’s already available there today. On the design side, we are adopting the best practices from outside of DeFi, which we believe is instrumental to building a truly accessible product for wider adoption.
Bebop differs from other DeFi trading platforms in a number of ways. We offer multiple token trades, no slippage, and network fees included in the quoted price.
Multi-token trades: In addition to being able to trade one token for another, Bebop allows users to perform multiple token trades, all in one transaction. Trade one token for a portfolio of up to 5 tokens or several tokens for one - these are our signature “one-to-many” and “many-to-one” functionalities.
No slippage: Bebop offers superior execution. Our users get no slippage, which means that they can trade exactly at the price they see and that the price does not change once trade has been initiated.
Fees included: Bebop delivers full transparency into how quotes are calculated. Network fees are also included in the price that is quoted, so our users do not encounter any unexpected network fees.
In this article, we will review the Gas Fee on the Bebop platform on the Ethereum network.
Does Bebop give users the right way to save gas fee?
Is this value creation for users correct?
Ethereum gas fees are something that has concerned ETH users for quite a while now. Despite its crazy spikes, it’s an essential part of the Ethereum network—it exists to incentivize miners (while ETH still uses the Proof-of-Work system), secure transactions, and distinguish computational costs from other expenses.
With Ethereum 2.0 on the horizon, users remain hopeful that gas fees will eventually be reduced. It was one of the main reasons behind the upgrade, leading to future features like blockchain sharding and the switch from the Proof-of-Work consensus algorithm to Proof-of-Stake—both of which will hopefully reduce Ethereum gas fees in the long run.
As for what happens when that upgrade comes, we’ll just have to wait and see. Right now, we have to play with the hand that we’re dealt with. Gas prices are high, so it might benefit most to stick to something tried and tested like Bitcoin and its already-proven Lightning Network—at least until we see what happens when (or if) Ethereum 2.0 drops.
(https://paxful.com/university/reduce-ethereum-gas-fees/)
Bebop has provided the following table in its documentation.
(https://docs.bebop.xyz/bebop/faq/trade-faq)
Now we will examine the real situation of transactions from the beginning of 2022.
With the help of the Dune website, we analyze Gas Fee data in Bebop.
(https://dune.com/amir007/gas-fee-in-bebop)
We used some data from murathan dashboard.
Thanks to murathan
You can see the complete murathan dashboard here
We focused on the data related to the swap of one currency to multiple currencies and the swap of multiple currencies to one currency, because according to the table you saw in the Bebop documentation, there is no change in the Gas Fee for the swap of one currency to one currency.
The leveling of the trades has been as follows:
Normally, without using the Bebop platform, the number of trades per swap is written at each level.
Gas Fee has obtained every transaction that happened on the Bebop platform and then we multiplied the number of transactions minus one by Gas Fee to save the profit from the trade.
As follows:
(Number of trades (without Bebop) – 1) * Gas Fee = Saved Gas Fee
Of course, we calculated the price of Ethereum every day so that the comparison criteria is based on dollars so that the calculations are not affected by the price of Ethereum.
For example, on October 30, 2022, the user Bebop paid 5.8 thousand dollars in Gas Fee for the network, while about 8.7 thousand dollars were saved in paying fees per currency pair trade.
A wonderful statistic on Ethereum layer 1 network from a creative project!
Bebop has really become the killer of Gas Fee.
The total gas fee saved since the beginning of 2022 is more than 128 thousand dollars. A stunning statistic for competitors in the market.
The Bebop project is here to give its users great value.
Saving Gas Fee on the Ethereum network, which is the most expensive network in the crypto world.
All calculations related to these trades are completely handled internally by the Bebop project.
The Bebop team is determined to achieve its short and long-term goals and take effective steps to improve the use of the Ethereum network.
they can!
Be friends with the colored snake (Bebop) because it works in your favor :)
https://bebop.xyz/ https://docs.bebop.xyz/bebop/ https://paxful.com/university/reduce-ethereum-gas-fees/ https://docs.bebop.xyz/bebop/faq/trade-faq https://dune.com/murathan/bebop https://dune.com/amir007/gas-gee-in-bebop
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