Copin Analyzer Monthly Recap #5: August 2024 Edition
Another month has passed, and here we are again for our monthly recap. This time, it's August 2024!
How was your August? I hope everything’s going well for you!
At Copin, we’ve had an incredibly eventful month, and I’m sure you’ve noticed the changes. It’s not just about developing new features or enhancing stability—our team is working hard to deliver a more polished product than ever before. Of course, this progress wouldn’t be possible without your continued support and contributions. You, the ones who believe in and stick with Copin, make all the difference.
Today, we’re going to recap everything that happened over the past month and highlight the journey we’ve shared with you, our users and the Copin community. So, let’s take a look at what we’ve accomplished and what’s coming up next!
TL; DR
Numbers:
$62M in copy trading volume.
$5.3M total copy trading volume on Copin DCP gTrade.
267 NFTs minted with 163 holders.
Copiers earned over $73K in net PnL.
Product Features added this month:
Released DCP (Decentralized Copy-trading Protocol)
Added indexing for KiloEx and Rollie.
Updated new pairs on gTrade, GMX V2, Vela, and Synthetix V3.
Integrated real-time TradingView chart.
Released multiple copy settings for premium users.
Updated additional copy trader sources for DCP: Equation, Polynomial, DexToro, CyberDEX.
Added copy trading for KiloEx and Rollie Finance for CEX.
Enhanced wallet source copying tag.
Adjusted NFT premium pricing.
Improved daily volume exchange summary on the stats page.
Implemented gTrade price feed and ignored all delisted price feeds.
Added a Dune Dashboard route.
The last activities display shows trader sources for logged-in and subscribed users.
Community Activities:
Started the rebate fee for DCP and gTrade.
Unlocked all rewards for the Decentralized Copy-Trading Competition through gTrade.
Things to expect in the next few weeks:
Index Mummy Finance on Fantom chain and Perennial on Arbitrum chain.
Launch of the Copin interactive campaign with 3rd parties.
A. Product Updates
1. Trader Analyzer
Index Data
Data is key, and of course, Copin continues to bring in new data sources to give users even more insights into perpetual DEXs and what traders are doing across different chains. To meet this demand, Copin has added two new perpetual DEXs this month:
Rollie Finance on the Scroll chain
KiloEx on the opBNB chain
With data from over 15.81K new traders, these additions are sure to provide you with more insights and opportunities when using Copin.
TradingView chart
If you’ve grown tired of the line charts that have been stick with Copin from the start, the latest update is sure to give you a fresh experience while keeping things familiar and easy to use. We've improved the experience with a more refined and detailed chart style that you know and love. Plus, real-time price fluctuations are now updated with high precision, ensuring you can make more accurate decisions in your analysis and copy trading. This new chart feature is applied to both open position analysis and trader position history.
2. Copy Trading
Open copy trader KiloEx and Rollie Finance
Tired of finding great traders but having to wait too long to start copying them? That’s changed. Understanding the real-world needs of our users, during the data testing phase, our team has been running parallel copy trading activities to release this feature to you as quickly as possible. Starting with KiloEx and Rollie, the time required to process data for copy trading has significantly improved. Now, you can start copying traders active on these two perpetual DEXs.
Multiple copy settings
To streamline the management of your copy trades and make it easier to copy a wallet address that’s just appeared on Copin, you can now select multiple addresses in the copy trade settings and quickly paste new wallet addresses for a more convenient and efficient experience.
Wallet source copying tag
In last month’s update, the Copying tag was just for reference, but now you can hover over it to see more details about which wallet you’re using to copy a particular trader. It’s a small change, but it will save you time by eliminating the need to manually check each wallet in Copy Management.
3. Decentralized Copy-trading Protocol
Copy trader sources
Even though we’ve just launched the DCP (Decentralized Copy-trading Protocol), the data sources available for copy trading have already expanded to include 8 perps. These are:
Optimism: Kwenta, Polynomial, DexToro, CyberDEX
Arbitrum: GMX V2, Equation, gTrade
Polygon: gTrade
Base: Avantis
With these upgraded data sources, users will have even more options when exploring copy trading with Copin. Below are some key metrics from DCP’s operations.
Dune: https://dune.com/copin/copin-dcp-gtrade
4. Others
The most important change this August is the adjustment to our NFT Subscription. As our user base continues to grow daily, we’re committed to upgrading our system to provide a better user experience, introduce new features, and deliver more value. As a result, Copin is announcing a change in our NFT subscription pricing from 0.01 ETH to 0.03 ETH (for 1 month of access).
B. Community
1. Onchain Copy-trading Competition (gTrade)
Launched alongside the debut of DCP (Decentralized Copy-trading Protocol), the Decentralized Copy-Trading Competition through gTrade has garnered significant attention from the Copin community, with the full prize pool of 10K $ARB already unlocked.
45 participants have joined so far.
$5M in volume has been generated during the competition.
The current top performer, with $1.5M in volume, is on track to earn 2,060 $ARB in rewards.
Haven’t joined yet? Don’t worry—you still have over 10 days to compete before the final results are locked in on 2024/09/15. Join now: https://app.copin.io/event/decentralized-copy-trading-competition-gtrade
2. Rebate fee program
Copin Fee Rebate
As part of the grant from gTrade, Copin is using half of the 10K $ARB reward to reimburse users for DCP fees, aiming to enhance their experience with this new feature. So far, 3,277.15 $ARB has been distributed to users.
Get your rewards here: https://app.copin.io/fee-rebate
Gtrade Rewards
Arbitrum has launched an 11-week promotional program where users can earn $ARB weekly by trading on gTrade. Notably, the rewards in the trading fees category are capped at 75% of the total protocol fees. Rewards are calculated weekly and can be claimed every Friday. Copin has added a claim page so that users can easily claim their rewards from both Copin and gTrade at the same time.
Get your rewards here: https://app.copin.io/fee-rebate/gns
About Copin Analyzer
Copin Analyzer is an on-chain copy-trading platform that allows users to discover, analyze, and copy over 300,000 on-chain traders across more than 20 DEXs (Decentralized Exchanges) offering perpetual contracts.