Data Sources:
Data Sources:Footprint Analytics: xDai Dashboard（https://footprint.cool/pyE7）
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Footprint Analytics: xDai Trading Volume & Token Price
On December 8, the proposal for the merger of xDai and Gnosis was approved. Every 1 STAKE will be exchanged for 0.032 GNO. The actual value of xDai will be given to GNO holders. The xDai Chain will be renamed Gnosis Chain as planned.
Regarding this merger, some people believe that this is a hostile takeover by Gnosis, which is a means to delist xDai. There are also views that this is the result of the strong alliance between Gnosis and xDai and complementary resources. Footprint Analytics believes that this may be a choice for xDai to seek new life and actively embrace the era of expansion.
What is xDai, which is the center of this topic? What roles have you assumed in the past? Let's take a quick look.
Introducing xDai: An Ethereum Sidechain Based on the Stablecoin DAI
In September 2018, xDai was launched and integrated on Block Scout at the end of October. The team led by the well-known technology guru Igor Barinov uses the stablecoin Dai as the native token and is designed with a proof-of-stake consensus mechanism to solve the problems of Ethereum congestion and high transaction fees. xDai mainly has the following features:
Transactions are fast and transaction fees are low. The transaction time of xDai is 5s, and 50,00 transactions cost 0.1 USD.
Dual currency model. xDai for payment and STAKE for POSDAO governance.
Strong compatibility. Any Dapps that can run on Ethereum can be deployed on xDai.
As an early expansion solution for Ethereum, xDai can stand out from the crowd. In addition to its own design that can make up for the disadvantages of Ethereum and solve the pain points of users (projects), it also needs a suitable opportunity. Burner Wallet, a peer-to-peer payment wallet, is the wind that brings xDai Chain to a wider community.
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Footprint Analytics: Price of STAKE (from January 2021)
According to Footprint AnalyticsxDai DashboardRelevant chart data shows that the price of STAKE began to soar on February 18 this year, and reached a peak value of $38.65 on the 21st, an increase of 95.3%. Afterwards, it gradually fell back and reached a small peak of $34.22 on April 9.
xDai: a diverse ecology that deploys more than 100 projects
Footprint Analytics: Share of TVL of xDai by Category
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Deployed mainstream projects displayed on xDai official website
From the perspective of ecological diversity, xDai covers the current mainstream categories; however, from the data of Footprint Analytics, compared with the development of other public chains, the TVL growth of xDai is slow, far inferior to that ofTerraimage description
Footprint Analytics: TVL of xDai and Other Chains
Footprint Analytics is a one-stop visual blockchain data analysis platform. Footprint assisted in solving the problem of data cleaning and integration on the chain, allowing users to enjoy a zero-threshold blockchain data analysis experience for free. Provide more than a thousand tabulation templates and a drag-and-drop drawing experience, anyone can create their own personalized data chart within 10 seconds, easily gain insight into the data on the chain, and understand the story behind the data.
The above content is only a personal opinion, for reference and communication only, and does not constitute investment advice. If there are obvious understanding or data errors, feedback is welcome.
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About Footprint Analytics:
Footprint Analytics is a one-stop visual blockchain data analysis platform. Footprint assisted in solving the problem of data cleaning and integration on the chain, allowing users to enjoy a zero-threshold blockchain data analysis experience for free. Provide more than a thousand tabulation templates and a drag-and-drop drawing experience, anyone can create their own personalized data chart within 10 seconds, easily gain insight into the data on the chain, and understand the story behind the data.
