Kwenta KWENTA
1. Summary
- Price
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$21.59 -13.5%
- Market Cap
- $11.50M (#1462)
- Supply
- 532,375.00 / 797,713.00
- Description
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Project Overview
Project Overview
Kwenta is a decentralized derivatives trading platform. It is built on the Optimism blockchain and uses the power of the Synthetix protocol to offer trading in real-world and on-chain synthetic assets. The platform provides a variety of assets, including cryptocurrencies, forex, indices, and commodities, allowing users to access derivatives trading without the need for traditional centralized exchanges.
Trading Features
- Infinite Liquidity: All trading is done peer-to-contract using the Synthetix protocol’s pooled liquidity model, thereby eliminating the constraints of counterparty matching and ensuring ample liquidity.
- Zero Slippage: Infinite liquidity means that traders do not need to worry about orderbook movements causing slippage.
- Synthetic Futures: With the Synthetix protocol, Kwenta will support perpetual future contracts on a non-custodial and permissionless platform.
- Unique Indices: The platform offers various indices, including forex, cryptocurrencies, and commodities, along with the option for short positions.
Key Benefits
- Peer-to-Contract Trading: Trades are executed directly against the Synthetix smart contracts.
- No Trading Pair Restrictions: Users can instantly trade any Synth into another, without restrictions on available trading pairs.
- Permissionless and Non-Custodial: Kwenta does not require account creation or the surrendering of custody for user funds.
Using Kwenta
To start trading on Kwenta, users need a web3 wallet with ETH for gas, and they must acquire a synthetic asset derivative (Synth), such as sUSD. This can be purchased on various dApps like Uniswap, Curve, or 1inch. With these steps completed, users can begin trading the full range of Synths, including perpetual futures contracts.
| Price | |
| 52W High price | $194.10 |
| 52W High date | 27th Nov 2023 (11 months ago) |
| All Time High (ATH) Date | 14th Mar 2023 (1 year ago) |
| ATH Price | $790.99 |
| % From ATH | -94.43% |
| All Time Low (ATL) Date | 5th Aug 2024 (3 months ago) |
| ATL Price | $23.76 |
| % From ATL | 85.42% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $258,077.00 |
| Total Supply | 797,713.00 |
| Circulating Supply | 532,375.00 |
KWENTA
How does Kwenta's (KWENTA) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
12.5%
KWENTA
0.6%
Similar Market Cap
60 Day Return
22.1%
KWENTA
1.7%
Similar Market Cap
1 Year Return
-53.1%
KWENTA
-10.6%
Similar Market Cap
We're monitoring 36 Kwenta GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.
Weekly Commits (All Kwenta Repos)
Commits vs. The Market
- Past 4 weeks: 18 commits vs. an average of 1
- Past 12 weeks: 61 commits vs. an average of 8
- Past year: 287 commits vs. an average of 113
Most Active Repos
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Top Developers 2024
In total, 86 developers have contributed to Kwenta over the past year. Who are the most active Kwenta developers, by commits, over the past year?
Related Projects
Developers working on Kwenta also worked on these projects.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | |
|---|---|
| Active Reddit Users (past 24h) | |
| Discord users | 628 |
| Active Discord Users | 110 |
| Telegram Users | |
| Twitter followers | 128,023 |
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kwenta.eth.limo/market/?asset=TRX&accountType=cross_margin Official
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kwenta.eth.limo/market/?asset=TRX&accountType=cross_margin Official
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kwenta.eth.limo/market/?asset=TRX&accountType=cross_margin Official
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kwenta.eth.limo/market/?asset=TRX&accountType=cross_margin Official
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kwenta.eth.limo/market/?asset=TRX&accountType=cross_margin Official
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kwenta.eth.limo/market/?asset=TRX&accountType=cross_margin Official
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kwenta.eth.limo/market/?asset=TRX&accountType=cross_margin Official
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kwenta.eth.limo/market/?asset=TRX&accountType=cross_margin Official
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kwenta.eth.limo/market/?asset=TRX&accountType=cross_margin Official
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kwenta.eth.limo/market/?asset=TRX&accountType=cross_margin Official
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coindesk.com/markets/2023/03/09/kwenta-dex-lures-traders-to-capture-bitcoin-ether-returns-...
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coindesk.com/markets/2023/03/09/kwenta-dex-lures-traders-to-capture-bitcoin-ether-returns-...
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coindesk.com/markets/2023/03/09/kwenta-dex-lures-traders-to-capture-bitcoin-ether-returns-...
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coindesk.com/markets/2023/03/09/kwenta-dex-lures-traders-to-capture-bitcoin-ether-returns-...
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coindesk.com/markets/2023/03/09/kwenta-dex-lures-traders-to-capture-bitcoin-ether-returns-...
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coindesk.com/markets/2023/03/09/kwenta-dex-lures-traders-to-capture-bitcoin-ether-returns-...
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coindesk.com/markets/2023/03/09/kwenta-dex-lures-traders-to-capture-bitcoin-ether-returns-...
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coindesk.com/markets/2023/03/09/kwenta-dex-lures-traders-to-capture-bitcoin-ether-returns-...
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coindesk.com/markets/2023/03/09/kwenta-dex-lures-traders-to-capture-bitcoin-ether-returns-...
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coindesk.com/markets/2023/03/09/kwenta-dex-lures-traders-to-capture-bitcoin-ether-returns-...
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coindesk.com/markets/2023/03/09/kwenta-dex-lures-traders-to-capture-bitcoin-ether-returns-...
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coindesk.com/markets/2023/03/09/kwenta-dex-lures-traders-to-capture-bitcoin-ether-returns-...
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coindesk.com/markets/2023/03/09/kwenta-dex-lures-traders-to-capture-bitcoin-ether-returns-...
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coindesk.com/markets/2023/03/09/kwenta-dex-lures-traders-to-capture-bitcoin-ether-returns-...
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://kwenta.eth.limo/ |
|---|---|
| Explorer | https://optimistic.etherscan.io/token/0x920Cf626a2... |
| @kwenta_io |
What is the correct contract address for Kwenta?
| Optimistic-ethereum | 0x920cf626a271321c151d027030d5d08af699456b |
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Has Kwenta been audited for security?
No security audits found for this project.
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