Last month, the Token 2049 conference was successfully held in Singapore. As the only multi-chain NFT trading platform participating in the conference, AlienSwap unreservedly demonstrated its innovative power in the NFT trading market through its outstanding data performance.
Trading volume surges
First, the trading volume has shown explosive growth. According to NFTScan data, AlienSwap's average 24-hour full-chain trading volume during the exhibition was 9.1 million US dollars, surpassing OpenSea and Blur, ranking first in the entire network. AlienSwap's influence and user base in the field of crypto market transactions are constantly expanding, and users' trust in its trading platform is also constantly increasing.
Rapid user growth
The number of users also showed a rapid growth trend. According to official data, the number of new users of AlienSwap during the conference increased by more than 400% compared with normal times. The number of registered wallet addresses increased from 700,000+ to 300,000+. AlienSwap successfully attracted a large number of new users and further expanded its user base.
More project partners
It is reported that AlienSwap reached partnerships with several well-known project parties such as OKX, DeBox, and VIP3 during the conference, further enhancing its influence in the cryptocurrency industry. The participation of various blue-chip project parties has undoubtedly injected more imagination and favorable expectations into the NFT segment.
Increased community activity
As the first membership-based NFT market and aggregator, AlienSwap has a strong community atmosphere. The large increase in new users has greatly improved the community activity of AlienSwap. Community members actively participate in discussions, share experiences and participate in activities, providing valuable opinions and support for the development of AlienSwap. AlienSwap's community is growing and becoming a vibrant and innovative community.
How did AlienSwap achieve so much in such a short period of time?
1. Multi-chain Planet Deployment Plan
AlienSwap's multi-chain Space Voyage was just launched in early September. As the launch event of its multi-chain planet plan, its purpose is more to expand more public chains and Layer 2 chains to meet the trading needs of more users. The core gameplay of the Space Voyage event is that multi-chain transactions have a limited-time 0 handling fee. Compared with other industry-leading NFT trading markets, OpenSea's handling fee is 2.5%, Element is 0.5% - 2%, X2Y2 and LooksRare are both 0.5%. For users with great NFT trading needs, especially high-value NFT arbitrageurs or users who like to sweep the floor in batches, their trading desire is limited to a certain extent. The limited-time 0 handling fee can reduce users' transaction costs and greatly enhance the confidence of the NFT industry.
Regarding the multi-chain planet deployment plan, AlienSwap currently supports Ethereum, Linea, Base, Arbitrium and Scroll, and is continuing to expand mainstream public chains and Layer 2 chains including Solana and Ton. Linea should be mentioned in particular. During the Token 2049 conference in Singapore in September, the total daily transaction volume of NFTs generated by AlienSwap on Linea reached 5 million US dollars, directly dominating the list and becoming the TOP 1 NFT trading market on Linea, and leading the second place by 2 orders of magnitude. At present, AlienSwap is already the trading market with the largest NFT trading volume on the Linea chain, and has in-depth cooperation with the official Linea. I believe that more project parties and on-chain assets will settle in AlienSwap in the future.
2. Points Reward System
AlienScore is also a feature that AlienSwap just launched earlier this month. It was launched at the same time as Space Voyage as a joint airdrop event. Any user who mints, trades, lists or creates NFT collections on AlienSwap can get a certain number of points, which can be exchanged for $ALIEN airdrop tokens in the future according to the corresponding ratio.
On the one hand, the launch of AlienScore can increase the liquidity of platform assets and on-chain data interaction, because any on-chain interaction requires a certain amount of gas fee cost, and points are equivalent to converting this part of the gas fee into future airdrop expectations, thereby greatly increasing the driving force of user on-chain interaction; on the other hand, the points reward system is part of the AlienSwap infrastructure construction. A mature NFT trading market needs to have a complete trading chain, including multi-chain support, creator tools, a complete NFT collection and appropriate activity incentives. The launch of the points system can be used as a marketing tool to help the platform do more activities and promotions.
Blur also launched its own points system last year, but the difference is that the launch of AlienScore is combined with multi-chain interaction, that is, by participating in an event, you can get airdrop rewards on multiple chains including Ethereum, Linea and Base. This operation of combining multiple projects to kill two birds with one stone can increase users' expectations for airdrops. Higher airdrop expectations allow more users to participate in on-chain interactions, thereby greatly improving market confidence. This has undoubtedly injected fresh vitality into the NFT market, which is in a deep bear market.
3. 0Gas Mirror Market
We know that a big difficulty facing the NFT market at this stage is the lack of liquidity. One of the most important reasons is the high gas fees generated by on-chain transactions, especially for high-value digital assets such as NFT. AlienSwap launched the 0 Gas Mirror Market with its unique imagination, which can mint and trade non-on-chain digital assets with 0 gas fees.
Simply put, through the 0 Gas Mirror Market, users can mirror their crypto assets or NFT assets to the AlienSwap Apool, so that they can trade NFTs without paying any Gas fees. This brings great convenience to users, allowing them to trade NFTs more easily, quickly, and safely, and combine their NFT assets with AlienSwap's 0 gas ecosystem. The innovative features on the 0 Gas Mirror Market provide users with a lower-cost and more efficient trading experience, while promoting the development of decentralized finance and NFTs. If users want to extract digital assets to the chain, they only need to select NFT and submit the data to the chain, generating a Gas fee for the data to be uploaded to the chain. On the one hand, such operations directly eliminate the concept of Gas fees, reduce the resistance generated by the transaction process and increase liquidity, especially for users and arbitrageurs with strong trading needs, which directly reduces the cost of use; on the other hand, the absence of Gas fees directly lowers the threshold for users to use it. Users do not need to have digital assets on the chain to participate in the interaction in the 0 Gas trading market, which undoubtedly leverages more people with lower Web3 industry awareness to enter the crypto world.
4. CreateX Creator Tools
Creators, as the content supply side, are the most important part of the NFT market. AlienSwap has also launched the CreateX creator code-free development tool for creators. The functions and interface of CreateX are very simple and easy to use, and even artists or designers with no coding experience can easily get started. Users only need to configure the name, content and some basic parameters of the NFT collection to create their own NFT collection. In addition, CreateX also combines the point reward system to provide more incentives for creators. When the creator's NFT collection is minted and traded by more people, they will get more points. This incentive mechanism can encourage creators to continue to create and promote their works, thereby increasing their income and influence.
Write at the back
The NFT market has experienced rapid development and prosperity in the past few years, attracting a large number of investors and creators. However, the recent collapse of several project parties has led to a very depressed mood in the entire NFT market. What I want to say here is that market adjustments are normal. Any market will experience cyclical ups and downs, and the NFT market is no exception. The prosperity in the past few years has caused some bubbles in the market, and prices have been over-hyped, leading to some unreasonable valuations. The emergence of a deep bear market can be regarded as a self-adjustment and reshuffle of the market, which will help the market return to rationality and health.
Currently, the mainstream NFTs are more PFP narrative projects, but this is only a very small niche market of NFTs. As a basic component of the future metaverse, NFT's use cases are not limited to PFP, and we should not lose confidence in the entire industry because of the hype and collapse of a few project parties. The road is long and arduous. As industry insiders, we should have a deeper understanding and higher prospects for the field we are in, especially in a highly cyclical industry like Web3. We should calm down and work patiently and hard, so that we can get richer returns in the next round of bull market.