TL;DR
We’re truly spoiled when it comes to how easy it is to swap tokens using a DEX. With an endless stream of new decentralized exchanges popping up every month. Ethervista is the latest one to grab a little attention. But, the real question is. Should you trust Ethervista? Is it worth using and does it offer anything new?
With the title of biggest DEX firmly held by Uniswap. Going up against this titan of industry is no easy task. Generally, two courses of action when deciding to launch a new DEX. You either learn from the master and fork the Uniswap codebase. Or you start from scratch and build your own. Sharing the “don’t fix what isn’t broken” mentality. The majority opt to copy Uniswap, adding their own user interface and other modifications along the way. But, these are always cosmetic. When it comes to functionality, everything stays the same. This holds true with Ethervista.
What is Ethervista DEX?
As a clone of the Uniswap V2 protocol, Ethervista functions the same way any DEX does. Launch and operate a series of Liquidity Pools to allow users to swap between pairs without any centralized interference. The difference between Ethervista and most other DEXs is the theme it’s deployed to separate itself from the competition. As the name suggests, Ethervista is a Play on the classic Microsoft Vista operating system.
This gives Ethervista its current appeal with that early 90’s feel. Complete with command prompt-style windows and all the other things we thought we’d seen the last of. Vista has never been considered a great product or one of the best OSs to anyone. So the desire to take the project in this direction is slightly perplexing. As we move into the world of Web3 products and intuitive design elements. Ethervista missed the memo.
That’s because using Ethervista compared to Uniswap feels clunky and underwhelming. Enabling users to swap a select group of extremely curated tokens between a limited pair of assets. Comparing Etherevista to any other DEX feels like a slight against crypto humanity. That’s because Ethervista acts more like a Memecoin version of a DEX than an actual exchange. Focusing solely on design elements, Ethervista lacks many of the tools and functionality that make a DEX such a strong tool to have in our arsenal.
Despite having the ability to launch your own pools, Ethervista has captured little to no liquidity from the community. At its peak around a week ago, there was just over $6 million in assets stored on Ethervista. Now, just a few weeks after its launch there’s less than $3 million in value captured by the project. The reason for this can be easily explained by looking at what Ethervista has to offer its users.
What Does Ethervista Offer New Users?
Getting into what you can do over on Ethervista. There’s not a lot going on in that department. The reason for this is because Ethervista is not a real DEX. Instead, the focus of Ethervista is to offload a select group of tokens that launched in conjunction with the project. Making Ethervista more of an onboarding tool into their little Windows token theme park than anything else. Here’s what you can expect to find when using Ethervista.
Lime
One of the first five tokens launched through Ethervista is the Lime Audio project. You’d think from…
Head of Research Jesse is a passionate seeker of truth who enjoys educating others about Bitcoin. As a free thinker and 2nd amendment advocate, Jesse believes each individual has the right to monetary freedom. “The swarm is headed towards us” -Satoshi Nakamoto
