Kwenta Logo

Kwenta KWENTA

Kwenta header image

1. Summary

Ranks

Liquidity
81
Developer
67
Social
93
Momentum (beta)
77
Stack Rank™
80
Price
$38.43 -3.8%
Market Cap
$20.46M (#936)
Supply
532,375.00 / 797,713.00
Price
52W High price $773.75
52W High date 19th Apr 2023 (1 year ago)
All Time High (ATH) Date 14th Mar 2023 (1 year ago)
ATH Price $790.99
% From ATH -84.05%
All Time Low (ATL) Date 15th Sep 2023 (9 months ago)
ATL Price $53.82
% From ATL 134.37%
Supply & Trading Volume
Trading Volume (24h) $71,551.00
Total Supply 797,713.00
Circulating Supply 532,375.00
Description

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.

2. Price

KWENTA

2.1. Market Performance

How does Kwenta's (KWENTA) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

-20.0%

KWENTA

7.0%

Similar Market Cap

60 Day Return

66.6%

KWENTA

50.7%

Similar Market Cap

1 Year Return

-77.2%

KWENTA

136.3%

Similar Market Cap

3. Developer Activity

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 138

Most Active Repos

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Past 12 weeks
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Past year

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.

4. Social Activity

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 1,133
Active Discord Users 87
Telegram Users
Twitter followers 131,001
5. News
7. More Information

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...
Twitter @kwenta_io

What is the correct contract address for Kwenta?

Optimistic-ethereum 0x920cf626a271321c151d027030d5d08af699456b

Has Kwenta been audited for security?

No security audits found for this project.

Are you the owner of Kwenta? Edit it here

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