Copin Analyzer Monthly Recap #6: September 2024
Copin Analyzer Monthly Recap #6: September 2024
This will be the most special month of the year so far. Boundaries are gradually being erased—welcome to the recap of September 2024!
How was your September? Was it as "green" as August or even better?
Honestly, looking at September's metrics, at Copin, we are very proud of what we've accomplished. It's truly helping our users—those who have supported the platform every day and followed us since the very beginning. "Limitations" is a word we strive every day to break and surpass. In today's recap, we hope to highlight what both Copin and the Copin community have achieved, so that we can have even more explosive months ahead.
TL; DR
Numbers:
$42.4M in copy trading volume.
$8.1M total copy trading volume on Copin DCP gTrade.
279 NFTs minted with 169 holders.
Copiers earned over $36K in net ePnL.
Product Features added this month:
Indexed additional data from Hyperliquid, SynFutures, Mummy Finance, Perennial, and Morphex.
New search feature.
Explore on-chain traders across perpetual DEXs.
New protocol picker.
Integrated TradingView real-time charts.
Various UX/UI improvements.
Centralized copy trading update: added Mummy Finance, Rollie.
Decentralized copy trading protocol on gTrade: added data sources from ApolloX, HMX, KiloEx, Rollie, Vela, Mummy.
Updated with new trading pairs.
Community Activities:
Concluded the 20,000 $ARB Decentralized Copy-Trading Competition through gTrade and Fee Rebates.
Participated in Token 2049 in Singapore.
Things to expect in the next few weeks:
Integrated Vertex and dYdX to expand trader data.
Started testing Hyperliquid copy trading.
A. Product Updates
1. Trader Analyzer
Index Data
If you're looking for insights and new opportunities with Perpetual DEX, Copin has added 26K new traders just in the past month. With data extended from 5 additional perpetual DEXs, which are:
Hyperliquid (Hyperliquid)
Synfuture (Base)
Mummy Finance (Fantom)
Morphex (Fantom)
Perennial (Arbitrum)
Among them, Hyperliquid is still in the testing phase and has been integrating data since August 27 until now. Mentioned as a highly anticipated factor by the perpetual DEX community, you definitely can't miss what Copin is currently doing with Hyperliquid.
New Search
Our search functionality has undergone a significant overhaul! The new interface offers a more intuitive experience, providing you with a wealth of information at your fingertips. With the addition of shortcuts, finding the information you need has never been faster or more flexible. Whether you’re searching for traders, assets, or market data, our enhanced search will streamline your experience.
Explore On-Chain Traders Across Perp DEXs
This is the most significant upgraded feature from September. Copin now has data from over 28 Perpetual DEXs across 12 different chains/networks, and this data is further leveraged with the ability to quickly find a trader using filters across all perps. No need to check each protocol individually, as Copin allows you to explore everything all at once, all in one place.
New protocol picker
Navigating protocols just got easier! With our new protocol picker, you can select one, multiple, or even all protocols at once. This flexibility allows you to tailor your trading approach based on your preferences, making it simpler to engage with the diverse opportunities available on Copin.io.
Integrate tradingview chart realtime
With the previous update, this month the TradingView chart has been further improved to provide real-time data. This enhancement helps make evaluations, analyses, and monitoring of copiers more accurate and precise.
2. Copy Trading
The copy trading feature has been updated for traders from Mummy Finance and Rollie
Copin is working to quickly update the recently indexed exchanges available for copy trading, ensuring users no longer have to wait like before once they’ve identified profitable traders.
Quick setup update
This change will allow you to quickly configure the copy trader settings for two key metrics: margin and leverage. Instead of having to open the entire setup previously to customize, this feature streamlines the process. As the number of copy trader settings increases, this update will help you efficiently manage your financial allocation across various copy traders.
3. Decentralized Copy-trading Protocol
Copy trader sources
Expansion is the strongest point you can clearly see on Copin. Although we just launched DCP a month ago with a limit of 5 perp DEXs available for copying, it has now been increased to 15, and it will continue to grow in the near future. This enhancement meets your needs when searching for and securing profitable traders from various exchanges across different chains without encountering any barriers.
BNB: ApolloX
opBNB: KiloEx
Scroll: Rollie
Fantom: Mummy Finance
Arbitrum: HMX; Vela
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. Copier Ranking v0.1
Introducing Copier Ranking v0.1! Now you can view the Profit and Loss (PnL) rankings of all copiers over various timeframes: daily, weekly, monthly, 60-day, and all-time. This feature provides valuable insights into copier performance, helping you make informed decisions about your copy-trading strategies.
B. Community
1. Onchain Copy-trading Competition (gTrade)
The launch of the DCP (Decentralized Copy-trading Protocol) through gTrade has officially concluded, with all 10,000 ARB rewards fully distributed.
76 participants have joined so far.
$6.02M in volume was generated during the competition.
The top 1 performer, with $1.6M in volume, is on track to earn $2,060 ARB in rewards.
https://x.com/Copin_io/status/1835596698988798245
2. Rebate fee program
Copin Fee Rebate
3,939.5 / 10,000 ARB has been distributed to users utilizing DCP throughout the event duration.
Gtrade Rewards
The event was part of the weekly activities of gTrade for the STIP.B program, and it has now concluded. Copin congratulates the success of this event and is pleased to have successfully supported Copin users in claiming rewards directly on Copin. If you use Copin's DCP, you'll receive both rebate fee programs.
https://x.com/Copin_io/status/1838109877501403626
3. Participated in Token 2049 in Singapore
TOKEN2049 is a global Web3 event held twice a year in Singapore and Dubai. It serves as a focal point for connecting thousands of leaders, investors, and technology enthusiasts in blockchain and crypto space from around the world, all eager to lead trends and explore the future of crypto. Copin is excited to participate in this event, meeting and exchanging ideas while connecting with international friends to raise awareness about Copin and its ongoing developments.
With new trends emerging, valuable insights, and useful feedback, Copin has gained many wonderful experiences from this trip. Based on these achievements, Copin is set to establish new goals, explore new directions, and translate these values into products that reach users.
C. Next plan
Expanding data to make Copin the most prominent tool for exploring and analyzing insights from Perpetual DEX is definitely essential. In the coming months, Vertex and dYdX are two perpetual DEXs that Copin is focusing on developing.
Hyperliquid, a perpetual DEX with its own appchain, is receiving significant attention from users not only within perps but also more broadly in the DeFi space. Capturing this trend, after leveraging a massive amount of data, Copin is also concentrating on utilizing copy trading through Hyperliquid. Imagine seeing a trader on a specific chain and being able to copy them through Hyperliquid. That would be fantastic, right? Let’s wait and see what Copin brings you next.
About Copin Analyzer
Copin Analyzer is an on-chain copy-trading platform. It enables users to explore, analyze and copy 300,000+ on-chain traders from 20+ perpetual DEXs.