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Top Ethereum DEX Metrics

What is DEX TVL?

DEX TVL or Total Value Locked, is one of the main metrics used by investors and analysts when assessing a decentralized exchange (DEX). It represents the total value of digital assets held in the smart contracts of a DEX, generally in liquidity pools that facilitate trading.

How is DEX TVL used?

DEX TVL is a good indicator of the level of activity in a DEX. Combined with Trade Volume, it is a key metric for gauging investors' interest in particular protocol. A spike in TVL generally coincides with a new liquidity mining program or new product launch.

How is DEX TVL calculated?

Each data platform calculates DEX TVL in a particular way, which is why you may see some discrepancies among TVL. At The Defiant, we calculate DEX TVL like this:

sum(Pool Token Count X Token Price) = DEX TVL

Click into the following charts to edit and customize them, or create your own from scratch.

Top Ethereum DEXs: User Count – Past 12 Months

Curve Dex User Count
Sushi Dex User Count
Bancor Network Dex User Count
Balancer Dex User Count
Kyber Dex User Count
Uniswap Dex User Count

Curve Dex User Count + Sushi Dex User Count + Bancor Network Dex User Count + Balancer Dex User Count + Kyber Dex User Count + Uniswap Dex User Count, Source: The Defiant Terminal

Top Ethereum DEXs: New User – Year-to-Date

Curve New Dex Users
Sushi New Dex Users
Uniswap New Dex Users
Bancor Network New Dex Users
Balancer New Dex Users
Kyber New Dex Users

Curve New Dex Users + Sushi New Dex Users + Uniswap New Dex Users + Bancor Network New Dex Users + Balancer New Dex Users + Kyber New Dex Users, Source: The Defiant Terminal

Top Ethereum DEXs: Daily Trade Volume – Past 12 Months

Curve Dex Trade Volume
Sushi Dex Trade Volume
Uniswap Dex Trade Volume
Bancor Network Dex Trade Volume
Balancer Dex Trade Volume
Kyber Dex Trade Volume

Curve Dex Trade Volume + Sushi Dex Trade Volume + Uniswap Dex Trade Volume + Bancor Network Dex Trade Volume + Balancer Dex Trade Volume + Kyber Dex Trade Volume, Source: The Defiant Terminal

Top Ethereum DEXs: Daily Trade Count – Past 12 Months

Curve Dex Trade Count
Sushi Dex Trade Count
Uniswap Dex Trade Count
Bancor Network Dex Trade Count
Balancer Dex Trade Count
Kyber Dex Trade Count

Curve Dex Trade Count + Sushi Dex Trade Count + Uniswap Dex Trade Count + Bancor Network Dex Trade Count + Balancer Dex Trade Count + Kyber Dex Trade Count, Source: The Defiant Terminal

Uniswap Protocol Fees vs Curve Protocol Fees – Year-to-Date

Uniswap Dex Protocol Fees
Curve Dex Protocol Fees

Uniswap Dex Protocol Fees + Curve Dex Protocol Fees, Source: The Defiant Terminal

Uniswap Price, TVL, Trade Volume % Change in Past 12 Month

UNI Price
Uniswap Dex Trade Volume
Uniswap TVL

UNI Price + Uniswap Dex Trade Volume + Uniswap TVL, Source: The Defiant Terminal