Dr. DODO is ResearchingLandscape of DEX MEV: Genesis, Evolution, and Game-Changing Innovations
ContentsComprehensive Overview —— The Development of DEX MEVInsightful Details —— Penetrating MEV Occurrences through Block ExplorerFront-run: Buying before you do!Victim: You've bought some expensive "chips"Back-run: They ran off with the money 😭Settlement ScreenAnalysis by Case —— The State of MEV in Various DEXs1 Uniswap - Typical MEV bots' activities2 DODO - Where Does High Volume Come From?3 PancakeSwap - 'Uniswap' of BNB Chain4 Curve - Haven of Arbitrage for the Cle...
Dr. DODO is ResearchingDeciphering L2 MEV: Sequencer Workflow & MEV Data Analysis
Author: Burce & Hildobby Thanks to Hildobby, the data analyst from Dragonfly Capital, for his support of L2 MEV data.Crucial Role of L2 MEV: SequencerAs a vital component of Ethereum's Layer 2 solutions, the L2 Sequencer plays a crucial role. Its primary task involves processing transactions, namely packaging them and submitting them to either the Ethereum mainnet or off-chain networks, thereby enhancing the throughput and efficiency of the entire blockchain ecosystem. Specifically, the ...
Dr. DODO is ResearchingCoW Swap, the Future Form of Intent DEX?
Dan, with all respect. The game was changed long ago by @1inch when they first did high-quality aggregation and @CoWSwap when they pioneered the solver model. It’s good stuff, but you are not really the first or the second. —— @Curve FinanceUniswapX made a sensational debut but is also mired in controversy. The sharpest criticism questions whether UniswapX plagiarized CoW Swap and 1inch, who was also inspired by the CoW Swap trading model as well. Curve's official Twitter account stated:...
Enthusiastic Dr.DODO is researching on #Web3! Learn, explore and SHARE. #JustDODOIt
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Enthusiastic Dr.DODO is researching on #Web3! Learn, explore and SHARE. #JustDODOIt
Dr. DODO is ResearchingLandscape of DEX MEV: Genesis, Evolution, and Game-Changing Innovations
ContentsComprehensive Overview —— The Development of DEX MEVInsightful Details —— Penetrating MEV Occurrences through Block ExplorerFront-run: Buying before you do!Victim: You've bought some expensive "chips"Back-run: They ran off with the money 😭Settlement ScreenAnalysis by Case —— The State of MEV in Various DEXs1 Uniswap - Typical MEV bots' activities2 DODO - Where Does High Volume Come From?3 PancakeSwap - 'Uniswap' of BNB Chain4 Curve - Haven of Arbitrage for the Cle...
Dr. DODO is ResearchingDeciphering L2 MEV: Sequencer Workflow & MEV Data Analysis
Author: Burce & Hildobby Thanks to Hildobby, the data analyst from Dragonfly Capital, for his support of L2 MEV data.Crucial Role of L2 MEV: SequencerAs a vital component of Ethereum's Layer 2 solutions, the L2 Sequencer plays a crucial role. Its primary task involves processing transactions, namely packaging them and submitting them to either the Ethereum mainnet or off-chain networks, thereby enhancing the throughput and efficiency of the entire blockchain ecosystem. Specifically, the ...
Dr. DODO is ResearchingCoW Swap, the Future Form of Intent DEX?
Dan, with all respect. The game was changed long ago by @1inch when they first did high-quality aggregation and @CoWSwap when they pioneered the solver model. It’s good stuff, but you are not really the first or the second. —— @Curve FinanceUniswapX made a sensational debut but is also mired in controversy. The sharpest criticism questions whether UniswapX plagiarized CoW Swap and 1inch, who was also inspired by the CoW Swap trading model as well. Curve's official Twitter account stated:...
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In recent times, amidst a market downturn and a lack of hot topics in the market, friend.tech has emerged almost dominating all Twitter discussions. This decentralized SocialFi is built on the Layer 2 public chain Base, which is supported by Coinbase. It has received investment from top-tier crypto venture capital firm Paradigm and has announced a token airdrop mechanism. This has attracted participation from not only retail investors but also KOLs and even institutional investors in the industry. Along with this trend, many developers have created various derivative tools for friend.tech. Today, Dr.DODO is here to introduce several derivative tools for friend.tech, making it more professional and convenient for you to navigate friend.tech.
friendmex.com: Created by former Paradigm researcher @_anishagnihotri , this platform is specifically designed for trading friend.tech keys. It offers users the ability to purchase keys in bulk, view key price charts, access real-time trading dashboards, and monitor new users and price rankings. It provides comprehensive functionality and is free to use, although its search capabilities are somewhat limited.
Source: friendmex.com
risedle.com/friendtech: A data dashboard for friend.tech created by @risedle project. It allows you to view rankings of top users, most popular users, highest spenders, and top earners. The interface is simple and straightforward, and today the trading functionality has been updated, and you can now trade keys directly on the website.
realfriend.tech: A web-based frontend for friend.tech built by @iam4x. It provides various trading data, including charts, PNL (Profit and Loss), real-time trading data, and a dashboard for monitoring new users. Additionally, it offers features like sniper bots and chat rooms. It offers more features than friendmex but requires the purchase of the founder's Key and verification to use.
friendtech.pro: Created by @NFTommo, similar to realfriend.tech, it also requires the purchase of the founder's Key for access. It provides more detailed data for users, including Twitter tracking data, average holding times, and total daily cash flows for
Source: frentech95.com
frentech.octav.fi : A data dashboard created personally for friend.tech users by the @OctavFi project. It allows users to view personal key charts, market value conversions, total spending, total taxes paid, and short position points, among other personal data.
Source: https://frentech.octav.fi/
frenbot.tech (TG Bot): Currently offers new user alerts and buying/selling functions. Copy trading and sniper features are yet to be launched.
palpaybot (TG Bot): A simple bot that can check Twitter and execute buy/sell orders.
FriendSniper(TG Bot): This bot offers a comprehensive set of features, including new user alerts and user-defined sniping. It automatically snipes purchases when Twitter users register on friend.tech. It also supports copy trading with stop-loss and take-profit functions.
New Friendtech Listings / FriendTech 10k bot (TG Bot): Both of these bots track new registered users, but the latter only pushes notifications for users with over 10K Twitter followers.
meowl (DC Bot): Originally a token trading bot, meowl has recently added friend.tech trading and sniping functions. It can snipe new registered users by setting conditions such as Twitter usernames or follower counts.
These types of products can be further divided into two categories:
Category 1: Market-Priced Keys with Added Value (Non-Anchored Pricing): In this category, the key's market price doesn't necessarily have a direct anchor to its actual utility or index/ETF concept. However, project teams offer users the opportunity to purchase top keys, share information, and participate in future token airdrops, allowing key holders to benefit from the value of owning these top keys (not just their market price).
Some examples in this category include:
After purchasing these keys, users often gain access to Telegram (TG) or Discord (DC) groups where information is shared, and different token airdrop algorithms are implemented.
Category 2: On-Chain Contract Platforms with Anchored Pricing: In this category, on-chain contract platforms track on-chain data from friend.tech to provide corresponding anchored prices, allowing users to engage in leveraged long or short positions. Here are a couple of examples:
Hyperliquid: This platform tracks the median price of the top 20 keys as a standard for pricing.
Unidex & Aevo : Unidex & Aevo tracks the total TVL (Total Value Locked) as a standard, which is the sum of the prices of all keys.
Source: https://leverage.unidex.exchange/
Perps: A perpetual trading platform for Friend.tech keys, allowing leveraged long and short positions on Twitter KOLs. Currently, it's live on the mainnet with 22 keys available for trading.
Source: https://www.perps.tech/trad
friendlend.tech: A lending platform for friend.tech keys where users can collateralize their keys to borrow stablecoins. The product has not yet launched, so caution is advised to ensure it's not a scam.
FTSX: Similar to perps., FTSX aims to offer perpetual contract leverage trading for Friend.tech keys. Like friendlend.tech, this product has not yet launched and should be approached with caution.
As I mentioned in my previous article on the new blockchain journey in mid-August, with the endorsement of top venture capital firms, Friend.tech has attracted not only retail users but also many developers who are eager to develop derivative tools/projects on the platform. This indirectly promotes the development of the entire blockchain ecosystem. With the popularity of Friend.tech, the TVL on the Base blockchain has been steadily increasing.
Another point to note is that Friend.tech has announced that the airdrop will take place six months from now. One of the criteria for calculating airdrop points is the value of the held keys, which represents the user's lock-up amount on Friend.tech. This has led to what some players call the "3,3 strategy," where users hold on to their keys without selling them, collectively earning airdrop points. This also allows index keys that hold many top keys to have an "accelerated mining" function. Users holding index keys can earn points and also receive airdrop token rewards through the keys held by the index.
Additionally, perpetual contract platforms that allow users to short the Friend.tech trend can help users hedge their risks and reduce the trading taxes they would have to bear when selling.
Furthermore, as the profit potential of Friend.tech continues to grow, some top KOLs who have not yet joined are quickly bought up by private bots once they join, leading to situations where public bots are often outbid. Therefore, it's crucial to use public bots cautiously. How to effectively use bots and compete with private snipers is a key factor in determining whether you can profit from Friend.tech's trend.
In recent times, amidst a market downturn and a lack of hot topics in the market, friend.tech has emerged almost dominating all Twitter discussions. This decentralized SocialFi is built on the Layer 2 public chain Base, which is supported by Coinbase. It has received investment from top-tier crypto venture capital firm Paradigm and has announced a token airdrop mechanism. This has attracted participation from not only retail investors but also KOLs and even institutional investors in the industry. Along with this trend, many developers have created various derivative tools for friend.tech. Today, Dr.DODO is here to introduce several derivative tools for friend.tech, making it more professional and convenient for you to navigate friend.tech.
friendmex.com: Created by former Paradigm researcher @_anishagnihotri , this platform is specifically designed for trading friend.tech keys. It offers users the ability to purchase keys in bulk, view key price charts, access real-time trading dashboards, and monitor new users and price rankings. It provides comprehensive functionality and is free to use, although its search capabilities are somewhat limited.
Source: friendmex.com
risedle.com/friendtech: A data dashboard for friend.tech created by @risedle project. It allows you to view rankings of top users, most popular users, highest spenders, and top earners. The interface is simple and straightforward, and today the trading functionality has been updated, and you can now trade keys directly on the website.
realfriend.tech: A web-based frontend for friend.tech built by @iam4x. It provides various trading data, including charts, PNL (Profit and Loss), real-time trading data, and a dashboard for monitoring new users. Additionally, it offers features like sniper bots and chat rooms. It offers more features than friendmex but requires the purchase of the founder's Key and verification to use.
friendtech.pro: Created by @NFTommo, similar to realfriend.tech, it also requires the purchase of the founder's Key for access. It provides more detailed data for users, including Twitter tracking data, average holding times, and total daily cash flows for
Source: frentech95.com
frentech.octav.fi : A data dashboard created personally for friend.tech users by the @OctavFi project. It allows users to view personal key charts, market value conversions, total spending, total taxes paid, and short position points, among other personal data.
Source: https://frentech.octav.fi/
frenbot.tech (TG Bot): Currently offers new user alerts and buying/selling functions. Copy trading and sniper features are yet to be launched.
palpaybot (TG Bot): A simple bot that can check Twitter and execute buy/sell orders.
FriendSniper(TG Bot): This bot offers a comprehensive set of features, including new user alerts and user-defined sniping. It automatically snipes purchases when Twitter users register on friend.tech. It also supports copy trading with stop-loss and take-profit functions.
New Friendtech Listings / FriendTech 10k bot (TG Bot): Both of these bots track new registered users, but the latter only pushes notifications for users with over 10K Twitter followers.
meowl (DC Bot): Originally a token trading bot, meowl has recently added friend.tech trading and sniping functions. It can snipe new registered users by setting conditions such as Twitter usernames or follower counts.
These types of products can be further divided into two categories:
Category 1: Market-Priced Keys with Added Value (Non-Anchored Pricing): In this category, the key's market price doesn't necessarily have a direct anchor to its actual utility or index/ETF concept. However, project teams offer users the opportunity to purchase top keys, share information, and participate in future token airdrops, allowing key holders to benefit from the value of owning these top keys (not just their market price).
Some examples in this category include:
After purchasing these keys, users often gain access to Telegram (TG) or Discord (DC) groups where information is shared, and different token airdrop algorithms are implemented.
Category 2: On-Chain Contract Platforms with Anchored Pricing: In this category, on-chain contract platforms track on-chain data from friend.tech to provide corresponding anchored prices, allowing users to engage in leveraged long or short positions. Here are a couple of examples:
Hyperliquid: This platform tracks the median price of the top 20 keys as a standard for pricing.
Unidex & Aevo : Unidex & Aevo tracks the total TVL (Total Value Locked) as a standard, which is the sum of the prices of all keys.
Source: https://leverage.unidex.exchange/
Perps: A perpetual trading platform for Friend.tech keys, allowing leveraged long and short positions on Twitter KOLs. Currently, it's live on the mainnet with 22 keys available for trading.
Source: https://www.perps.tech/trad
friendlend.tech: A lending platform for friend.tech keys where users can collateralize their keys to borrow stablecoins. The product has not yet launched, so caution is advised to ensure it's not a scam.
FTSX: Similar to perps., FTSX aims to offer perpetual contract leverage trading for Friend.tech keys. Like friendlend.tech, this product has not yet launched and should be approached with caution.
As I mentioned in my previous article on the new blockchain journey in mid-August, with the endorsement of top venture capital firms, Friend.tech has attracted not only retail users but also many developers who are eager to develop derivative tools/projects on the platform. This indirectly promotes the development of the entire blockchain ecosystem. With the popularity of Friend.tech, the TVL on the Base blockchain has been steadily increasing.
Another point to note is that Friend.tech has announced that the airdrop will take place six months from now. One of the criteria for calculating airdrop points is the value of the held keys, which represents the user's lock-up amount on Friend.tech. This has led to what some players call the "3,3 strategy," where users hold on to their keys without selling them, collectively earning airdrop points. This also allows index keys that hold many top keys to have an "accelerated mining" function. Users holding index keys can earn points and also receive airdrop token rewards through the keys held by the index.
Additionally, perpetual contract platforms that allow users to short the Friend.tech trend can help users hedge their risks and reduce the trading taxes they would have to bear when selling.
Furthermore, as the profit potential of Friend.tech continues to grow, some top KOLs who have not yet joined are quickly bought up by private bots once they join, leading to situations where public bots are often outbid. Therefore, it's crucial to use public bots cautiously. How to effectively use bots and compete with private snipers is a key factor in determining whether you can profit from Friend.tech's trend.
frentech95.com: Created by @0xsubmerged, similar to the previous two, it has a paywall and requires the purchase of the founder's Key. It features a Windows 95 retro-style trading frontend with basic functions such as trading charts and a chat room. It has a simple interface but lacks some advanced features.
frentech95.com: Created by @0xsubmerged, similar to the previous two, it has a paywall and requires the purchase of the founder's Key. It features a Windows 95 retro-style trading frontend with basic functions such as trading charts and a chat room. It has a simple interface but lacks some advanced features.
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