Celebrating the First Year of Fibrous!
As the Fibrous Team, it’s an exciting time to share both what we’ve tracked over the past year since our Starknet Mainnet launch on May 22…
As the Fibrous Team, it’s an exciting time to share both what we’ve tracked over the past year since our Starknet Mainnet launch on May 22, 2023, and our upcoming perspective on the DeFi world after a year!
1 Year Journey of Fibrous
Fibrous has established itself as a trailblazer in the world of decentralized finance by launching as the first DEX aggregator on Starknet. Our innovative approach has redefined how users interact with liquidity sources, offering a meticulous solution that identifies the best routing paths for token swaps. By integrating multiple liquidity sources, we have addressed common challenges such as slippage and price impacts, especially for large transactions, thereby optimizing the swapping experience for our users.
While accomplishing all this as Starknet’s first liquidity aggregator, Fibrous also created qualified value by combining different tech stacks and our innovative vision, compared to existing solutions in other networks.
Using our modernizated algorithm, we’ve developed highly sophisticated routing capabilities and intricate transaction processes for both single and batch swaps, ensuring optimized results for our users.
Also, at Fibrous, the philosophy “Simplicity is the ultimate sophistication” is embodied through a transparent and indication-open user interface, offering the best DeFi execution with simplicity.
Impressive Metrics
Over the past year, Fibrous has achieved remarkable milestones, reflected in our impressive metrics. These figures underscore Fibrous’ growing popularity and effectiveness within the DeFi space. Here are some key metrics that highlight our success:
- Total Volume: $301,885,115
- Total Transaction: 1,977,463
- Unique Swapper: 868,208
These numbers not only represent our growth but also the trust and confidence that our users have placed in Fibrous. Each transaction and user adds to our journey of making DeFi trading more efficient and accessible.
Milestones and Features
Fibrous has been diligently working on enhancing its capabilities by developing and introducing new features. Here’s an overview of our key achievements and upcoming developments:
Completed Developments
- Launch Fibrous: Fibrous went live, marking the beginning of a new era on Starknet to be the first!
- Batch Swap: This feature allows users to execute multiple swaps in a single transaction, saving time and reducing costs. The power of Native Account Abstraction is combined with optimized swap executions.
- Fibrous v2: The second version of Fibrous introduced significant upgrades in functionality and user experience.
- Flash Accounting: A unique feature that reduces gas costs as the number of routes increases. As complexity increases, it was introduced as a flexible batching method that also increases scaling in parallel.
- Another Destination: Allows users to perform a swap and send function just in a click.
- Limit Order: Users can now set limit orders, providing greater control over their trades.
What’s Next for Fibrous?
- Limit Order Solver: An enhancement to our limit order feature for improved efficiency.
- Intent Based Architecture: A cutting-edge approach to further streamline our trading processes.
- Gasless Swap: Enabling transactions without the need for gas fees.
For more information about Fibrous’ future roadmap, here is ‘Fibrous Finance Unveiled Part 4’.
Community Growth
Our community has been the backbone of Fibrous success. Over the past year, we have witnessed substantial growth across our social media platforms. Here’s a glimpse of our community expansion:
- X Followers: 23,600
- Discord Member: 3,012
In addition to Twitter and Discord, we have made significant strides on other social media platforms, fostering a vibrant and engaged community. Our focus remains on listening to our users, acting on their feedback, and continuously enhancing their experience with Fibrous.
Conclusion
The first year of Fibrous has been a journey of innovation, growth, and community building. We have set a strong foundation and are committed to further advancing the DeFi landscape on Starknet. As we look ahead, we remain dedicated to providing unparalleled swap rates, cutting-edge features, and a user-centric solution. Thank you for being a part of our journey. Here’s to many more milestones together!
Get in touch with us
Website: fibrous.finance
Twitter: Fibrous
Discord: Fibrous
Mail: support@fibrous.finance
