Vexchange, VeChain’s very own decentralized exchange, is a handy tool for instantly swapping between VET, VTHO, or any of the VIP-180 tokens such as OCE, JUR, SHA, etc. Created by Oliver Chalk and Kenneth Ashley, it uses liquidity pools held in smart contracts instead of order books to fill buy and sell orders. The community can even earn more tokens by staking their assets there. For more background info, I suggest you take a look at our earlier post and staking tutorial here.

Note: To access Vexchange, use the Comet plugin in Chrome or Brave desktop browser.

2019 was a groundbreaking year for Vexchange. With the launch in January of 2019, Vexchange became the first community dApp, and gave many a valuable bridge to transfer VTHO to other assets. Here are some of the key highlights:

January

Vexchange Launches: The official launch took place, making Vexchange the first community dApp on the VeChainThor Blockchain.

Arkane.Network welcomes Vexchange support: Vexchange Swaps were embedded into the Arkane wallets, allowing people to exchange tokens without leaving their wallet dashboard.

April

Vexchange wins the Bounty: At the VeChain Developer Summit in San Francisco, Vexchange took second place in the community awards.

July

Vexchange Added to Mobile Wallet: Vexchange was officially added to the VeChainThor mobile wallet, allowing users to swap tokens by going to the “Discover” tab.

October

Vexchange 2.0 is Released: Some key upgrades took place, including bug fixes, night mode, custom slippage limits, and more. Read on: https://medium.com/montifinance/vexchange-io-update-98b6942cac98

Vexchange Stats Dashboard Released: For liquidity providers or simply curious enthusiasts, it can never hurt to have customizable statistics regarding trade volume, liquidity, ROI, and more. Check it out: https://stats.vexchange.io/vexchange/liquidity.html

November

Vexchange Stats Added to VeChainStats.com: In the VeChainStats Account Viewer, you can now display the “Dex Trades” stats showing the history of transactions for each wallet.

December

Vexchange Widget is Released: Website owners are now able to embed the Vexchange widget directly into their pages. An example is shown below on the VeChain101 Homepage Sidebar. It can also be found at vexplorer.io if the user has Comet installed in their browser.

Key Stats From 2019

Here is an overview of what Vexchange accomplished in 2019.

Total Yearly Volume: 42,466,126 VET ($254,796)

Total Yearly Swaps: 15k

Unique Users: 8k

Total Liquidity Staked: 4793859 VET ($29k)