Welcome to the 0x ecosystem 🪐 spotlight series, where we highlight some exciting and novel projects built on 0x. Our first spotlight is DexGuru! We talked to DexGuru founder Nick Sawinyh who you may know from Defi Prime, one of the leading DeFi protocol rankings and analytics sites. Nick is building DexGuru as a DeFi trading platform that gives traders unparalleled coverage of on-chain markets integrated into one place and delivered in real-time. In this interview, we dive deeper into what DexGuru is, why they chose to integrate 0x Swap API, and what’s next for the rapidly growing trading platform.
Enjoy the interview!
What is DexGuru and what inspired you to start it?
Have you ever found yourself with at least five browser tabs open researching a new token someone shilled you on Twitter? In the traditional financial world, people can use tools like Bloomberg Terminal to see a 360 degree view of assets and markets. In the crypto world, you still have to jump between CoinGecko, Etherescan, charting solutions, DEX aggregators, and Uniswap.info to see what’s going on with markets right now and execute your trade.
DexGuru brings together permissionless, real-time data for every on-chain market, powerful research tools, and trade execution capabilities — in one fully integrated trading platform. The DexGuru UI provides access to decentralized protocols on Ethereum and BSC blockchains that allow users to perform certain actions with digital assets or virtual currencies.
Transparency is an essential cornerstone in the movement toward Web3. At any given moment, we can easily tell what’s going on with on-chain assets. The massive amount of data generated by on-chain transactions can be used for market research, building new products, or exploring patterns of asset movements.
Unfortunately, this data is nearly incomprehensible and indigestible because of its sheer magnitude. It’s difficult to pull data without building custom tools and jumping between dozens of open browser tabs, and nearly impossible to make sense of this data without a CS degree.
Our goal is to make it easy to leverage on-chain data in a simple, understandable way so traders can finally take advantage of it.
What sets DexGuru apart from other DeFi trading platforms?
DexGuru gives you unparalleled coverage of on-chain markets integrated into one place and delivered in real-time. We combined market research with trading capabilities into a single slick UI. When traders from traditional CeFi exchanges see modern decentralized exchanges like Uniswap for the first time, they always ask where the charts are and how to see what’s going on with the market.
Usually, AMM-based exchanges hide all vital information to focus on the “just token swap” experience. When we started, we wanted to create a UI that would give traders the same feel of real-time market data as they used to on centralized exchanges. We index all on-chain events for Uniswap, SushiSwap, and Pancakeswap at our backend and then serve it into our UI. Our indexing pipeline works in permissionless mode, so when a new liquid ERC20 token on Ethereum or BEP20 token on BSC pop-ups on-chain it would be automatically discovered and available in our interface. You can think about it as a Google for financial markets that runs on EVM compatible blockchains.
Any interaction with assets on-chain can be used for insightful analytics. We rank and label wallets based on on-chain trading activity, so you can access real-time deal flow for any token and see who’s buying or selling those tokens.
Why did you choose to build DexGuru using Swap API?
Our competency is UI/UX design and data analysis. When we started development of DexGuru we wanted to avoid development overhead and focus on what we know how to do best, and use existing 3rd party solutions for orders routing. That’s how we came up with Swap API.
0x is probably the only protocol on the market capable of building a DEX aggregator that prioritizes protocol development over in-house products.
DexGuru recently launched BSC and Polygon trades powered by 0x. How have those integrations gone?
Ethereum and EVM-compatible L1 chains, as well as L2 solutions, are clearly winning the smart contract platform standards’ war right now. We’re driven by trader demand, so our first expansion step outside of mainstream Ethereum was Binance Smart Chain. Thanks to Swap API, we were able to add cost effective order routing for BSC. Traders on our platform have already done almost $100 million in traded volume on BSC alone.
We’re excited about the recent launch of Swap API on Polygon. There is a Cambrian explosion of the DeFi ecosystem on Polygon happening right now, and we really wanted to make these tokens available on DexGuru.
What’s next for DexGuru?
We want to make it easy to consume and make use of the massive amount of on-chain data that is available. We index as much on-chain data as possible to enhance your ability to analyze markets, discover new patterns, and understand what’s happening with crypto assets on-chain in real-time. Our mid-term goal is to bring data from all EVM compatible chains and markets into a single UI.
Where can people go to learn more about DexGuru?
- Website: dex.guru
- Blog: blog.dex.guru
- Twitter: @dexguru
- Telegram Channel: @dexguru
- Community Discord: discord.gg/dPW8fzwzz9
Thanks for chatting, Nick. We’re excited to see what’s next for DexGuru and appreciate all you’ve done to grow the 0x DeFi ecosystem!
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