Are you satisfied with the merger of xDai Two?

November 8Gnosis has announced the approval of GIP-16, and Gnosis will integrate with Ethereum's leading xDai and enhance the xDai blockchain on the Gnosis chain. According to data from Footprint Analytics, xDai Management Token STAKE grew 35.9% today from $ 13.33 to $ 18.12, and the market in volume grew 138.6 times from 0 , $ 18M to $ 25.31M, according to information from Footprint Analytics.

Footprint analysis: xDai volume and token price

December 8The XDai and Gnosis integration app has passed. Total exchange of STAKE 0.032 GNO. The actual price of xDai will be borne by GNO owners and xDai Chain will be renamed Gnosis Chain as planned.

There is also the perception that integration is a violation of Gnosis and means the removal of xDai. There is also the assumption that this is the result of strong integration and additional investment from Gnosis and xDai. Footprint Analytics believes this could be an xDai option to explore new life and embark on a period of expansion.

xDai What is the heart of this subject? What roles have you played in the past? Let's take a quick look.

01

Introducing xDai: Ethereum Sidechain Based on DAI Stablecoin

XDai was released in September 2018 and was released and joined Block Scout in late October. The team, led by the best-known bull expert, Igor Barinov, was formed with the Dai Dai company as the base and consensus mechanism to prove their legitimacy and willingness to solve congestion and rate issues. high exchange in Ethereum.

The main features of xDai are:

- Quick to market and low operating costs.The conversion time on xDai is 5 seconds and the value of 50,000 conversions is 0.1 USD.

- Dual currency models.XDai was used for payment and STAKE was used to support administration of POSDAO.

- Muaj zog compatibility.Any Dapp running on Ethereum can be sent to xDai.

One of Ethereum's first solutions, xDai could support thousands of soldiers crossing the bridge alone. In addition to self-design which can make up for Ethereum's shortcomings and address user grievances (plans), there should be time. As a peer-to-peer payment wallet, Burner Wallet is an ideal way to bring the xDai channel to the community at large.

The number of processes, functions and applications used for xDai has continued to increase. The value of the STAKE token used by xDai for administration has also increased and shifted to some extent.

Footprint analysis: STAKE price (from January 2021)

According to data reports linked to Footprint Analytics' xDai dashboard, the price of STAKE started rising on February 18 of this year and rose 95.3% to a high of $ 38.65 on the 21st. Since then then it slowly declined, reaching a modest high of US $ 34.22 on April 9.

02

xDai: delivery of diversified ecosystems of more than 100 projects

came xdIt is similar to the Ethereum virtual machine, and due to its fast exchange rate and low cost, many processes, tasks, and Dapps can be sent through the chain., creating a relatively complete and diverse ecosystem. As the official display of xDai, projects are now deployed on xDai to cover starters, cross-chain bridges, analytical analysis tools, DeFi, NFT, DAO, games and more.

Footprint analysis: TVL xDai broadcasts by category

According to data from Footprint Analytics, xDai TVL is currently worth $ 256.58 billion, with the Dex ranking representing the highest percentage of 30.51%. Take a closer look at Honey Swap, Perpetual Protocol, and Curve under the Dex category.

A breakdown of the main activities seen on the official xDai website

In terms of ecological diversity, xDai now covers the mainstream category, but in Footprint Analytics data, compared to the development of other public channels, xDai's TVL has grown slowly, well below Solana, Terra and Polygon. . the main reasonxDai suffers from a lack of internal contacts, large financial support plans and a weak and inefficient economy.If it is not resolved in time, xDai will not be able to avoid ending its loss.

Footprint analysis: TVL on xDai and other channels

In this context, integrating Gnosis and xDai, Gnosis seeks to pre-relaunch to deepen and expand the existing ecosystem that is accomplished in the absence of xDai. Although xDai Chain has lost its “signing rights”, it is the rebirth of xDai “Shell Swap” and is still at the forefront of the era of expansion where all chains are “wrapped up”.