Unipilot December 2022 Recap
The number of active positions on Unipilot increased a further +9% in December!
December proved to be a quiet month for the crypto markets in terms of trading volumes, with prices of many major tokens also falling slightly. This led to a slight decline in TVL and a drop in fees earned by our users in December compared to November.
However, perhaps a better metric for us to look at is the number of active positions on Unipilot, as this removes the impact of short-term market conditions and focuses on Unipilot’s user base. Following the +717% growth in November, the number of active positions grew a further +9% to 669 in December.
Most of the positions (580) are on our Polygon dApp, which bodes well for potential future growth after we expand to Layer-2 networks (Arbitrum, Optimism) which have similarly-high volume-to-TVL ratios and low gas fees.
We aim for Unipilot TVL to rise to $10m to $20m by mid-2023, driven by continued Polygon growth, our expansion to Layer-2 networks such as Arbitrum and Optimism, the integration of additional DEXs such as Quickswap, by forging more partnerships and by bringing our Concentration Preference feature to the Ethereum dApp. Also, keep an eye out for the launch of our ConcenTrade feature!
Thanks for joining us on this journey, let’s make 2023 the year of the PILOT!