Unipilot Monthly Recap: Nov 2022
November was a big month for Unipilot. Let’s dive into what happened!
First, let’s look at the key stats for our Ethereum dApp since it launched in November 2021.
Now let’s see how our Polygon dApp has performed since it launched in mid-October, just six weeks ago.
- Due to momentum for our Polygon dApp, Unipilot TVL increased +242% in November, revenue rose +265% and the number of active positions surged +717% to over 600.
- Total Fees Earned on our Polygon dApp after six weeks approached $62,000, nearly one-third of lifetime fees earned on the Ethereum dApp.
- This was likely driven by our new Concentration Preferences feature combined with the low gas fees and high volume-to-TVL ratio on Polygon.
Let’s see how Unipilot performed overall (Ethereum + Polygon) in November compared to October.
We aim for Unipilot TVL to rise from the current $2.18m to at least $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.
Thanks for joining us on this journey, let’s make 2023 the year of the PILOT!