Dear Patrons,
We hope you had a good experience using our platform and continue growing with us as we progress. You chose us from a market full of choices and we strive to provide you with the best UI & service possible as a token of thanks for the trust you have placed in us, The first quarter of 2023 has been an eventful and highly rewarding period for our team. We have achieved several milestones from our roadmap and accomplished much more overall resulting in a bountiful harvest for Kana Labs.
Let us list out a few for you on various fronts -
Statistics — Swap count & Daily trading volume
- We have had an overall growth of 77.6% in our total swap count for the quarter.
- The active user count has also increased steadily, up by 50% over the quarter.
- On the trading volume front, we have more than doubled our daily volume in these three months with our overall growth reaching 172%.
- The stable and gradual growth in volume across the quarter is a clear indication of continued interest among new users in the market. A clear sign of organic growth.
Roadmap Achievements
- We went live with the Polygon ecosystem for swaps (both liquidity aggregated & cross-chain swaps).
- We went live with cross-chain staking.
- The alpha version of our yield generation vaults is now available for our users to try in our web app platform for mainnet transactions.
Other Significant Achievements
- We have launched our Referral Program.
- We went live with the feature to directly convert crypto-to-fiat and vice versa directly from the Kana Labs web app platform.
- We launched our Widget that allows third-party dApps to make use of our swap function in a simple, hassle-free manner.
- We have ventured into the GameFi market via integration with several major Web3 gaming platforms and ecosystems.
- We have successfully expanded into the Korean market — a steady increase in client base from the region, partnership with several popular dApps from the Korean region and upgraded our website to support the Korean language.
- We have also seen a visibly marked improvement in our regular interactions with our users and community on various social media platforms such as Twitter and Discord. In our bid to provide our users with more opportunities to interact with us, we had increased the number of AMA sessions conducted via Twitter spaces by March 2023.
List of partners we have integrated with -
- Wallet — Spacecy Wallet (Sui)
- Swap/DEX — Forbit Swap (Aptos), Swapped Finance (Shardeum)
- Launchpad — Proton Sale (Launchpad with cross-chain support that helps dApps deploy from Solana to Aptos ecosystem), Apto Pad — Aptos ecosystem launchpad (focus on helping dApps in their platform go cross-chain with Kana Labs SDK)
- GameFi — XPLA, Open Blox, HavaH (Kana Labs will help improve client onboarding experience using our cross-chain smart wallet and also integrate tokens into our multi-chain cross-chain swap ecosystem)
- Third-Party Apps — Fetcch — Social ID-based wallet ID (Account Abstraction Specialist) [Work towards Kana Labs cross-chain smart wallet), Mises Browser (Add Kana Labs as preferred DeFi platform in their preferred third-party apps section), Mokshya Protocol — Aptos ecosystem (Knowledge resources specialist — focuses on developing move-based SDKs and smart contract libraries)
Note — (We are still in the development and testing phase for all activities relating to Sui & Shardeum ecosystems and the results will go live in weeks to come).
Investment & Marketing -
- DWF Labs — VC firm and Digital Asset Marketing Specialist with a large social media presence.
- Crypto Times — VC firm and owns a crypto news website
- CSP DAO — A DAO-based VC that specialises in start-up acceleration.
Events
- We were selected and participated in Join Graviton — An Aptos ecosystem-led start-up acceleration event held in Chennai, India in January 2023 to help identify and nurture good blockchain and crypto start-ups in India.
- We hosted Shardeum network’s Chennai chapter in our office during their worldwide Sphinx mainnet launch event in February 2023.
- We hosted a Move Developers Summit together with Chingari in March 2023 held In Bangalore, India. The event aimed at helping various developers in the Aptos ecosystem interact with each other to exchange knowledge and address challenges.
Overall, it had been a bountiful quarter for our team and we thank you for your continued support and patronage. We look forward to working together with you in the future.
Thanks & Regards,
Team Kana Labs
