In August, the Osmosis zone made significant strides across various fronts, including technical improvements, user interface and experience upgrades, enhanced cross-chain functionality, and deeper community engagement.
As the leading interchain DEX and DeFi hub, Osmosis continues to set the pace for the interchain ecosystem.
Technical Enhancements
- Osmosis introduced a new trading tool, simplifying the process of buying, selling, and swapping assets, including stablecoins. Users can now place market orders, set limit orders, track or cancel open orders, and view past orders through a dedicated tab on the Transaction page.
- The deposit and withdrawal process was revamped, now featuring a full-screen immersive flow that makes these common user interactions seamless.
- The platform launched limit orders, powered by an innovative on-chain Orderbook mechanism, significantly boosting trading functionality and efficiency.
- A new trading experience is being gradually rolled out based on geographic location, with about 40% of users already accessing the updated features. Even before full rollout, limit orders account for 10% of daily trading volume.
- The Osmosis Orderbooks have been integrated with the sidecar routing service (SQS), allowing immediate functionality for limit orders without the need for market makers or arbitrageurs.
- Over 2 million OSMO tokens have been burned and permanently removed from circulation.
User Interface and Experience Upgrades
- The Osmosis Portfolio page received a major overhaul, now featuring refreshed charts, historical performance data, and more, giving users a comprehensive view of their assets and liquidity positions.
- Ongoing UX improvements are focused on achieving functional elegance and ease of use on the Osmosis DEX, with enhancements driven by community feedback.
- Efforts are also underway to streamline cross-chain user experiences, making portfolio and asset management more intuitive across different blockchains.
- Osmosis has integrated Fractual.fun, a platform supported by Osmosis Grants, which allows users to fractionalize their NFTs and receive fungible tokens that can be traded or added to liquidity pools on the Osmosis DEX.
Partnerships
- A community governance proposal was passed to bring the Ethereum Virtual Machine (EVM) to Osmosis, in collaboration with EvmosOrg.
- Osmosis native swaps are now integrated with Crypto.com and the DeFi Wallet.
- The platform has been fully integrated with Dexscreener, greatly enhancing the visibility of the Osmosis ecosystem and making it easier to track all tokens supported by the DEX.
Community Engagement
Osmosis contributors are set to participate in major upcoming industry events such as Korea Blockchain Week, Token2049, and Solana Breakpoint.