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
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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, 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, 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, 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, Source: The Defiant Terminal
Uniswap Protocol Fees vs Curve Protocol Fees – Year-to-Date
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, Source: The Defiant Terminal