AMM
0.41%
0.00%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
20 UNI 20Uniswap | $9.87 | 2.62% | 14.54% | 117.74% | $6.12 B | $8.76 B | $291.73 M | |||
45 ASTER 45Aster | $0.7337 | 0.90% | 0.38% | 2.61% | $1.98 B | $5.72 B | $55.37 M | |||
72 CAKE 72PancakeSwap | $2.84 | 2.70% | 13.60% | 62.43% | $905.98 M | $938.98 M | $75.56 M | |||
75 AERO 75Aerodrome | $0.8447 | −6.22% | 29.43% | 62.39% | $841.22 M | $1.68 B | $60.79 M | |||
89 RAY 89Raydium | $2.23 | 7.96% | 35.54% | 165.74% | $601.79 M | $1.24 B | $49.42 M | |||
91 CRV 91Curve DAO | $0.3472 | 0.23% | 5.31% | 3.98% | $544.34 M | $840.68 M | $54.31 M | |||
97 PENDLE 97Pendle | $2.62 | 1.95% | 2.76% | 45.51% | $454.88 M | $737.60 M | $59.00 M | |||
193 1INCH 1931INCH | $0.1033 | 0.59% | 7.59% | 13.89% | $146.06 M | $154.95 M | $8.54 M | |||
241 ORCA 241Orca | $1.72 | 5.66% | 23.01% | 34.12% | $104.57 M | $129.00 M | $16.46 M | |||
265 COW 265CoW Protocol | $0.1605 | 4.93% | 5.92% | 33.68% | $92.44 M | $160.50 M | $27.90 M | |||
308 SUSHI 308SushiSwap | $0.2686 | 2.06% | 11.85% | 35.18% | $77.04 M | $78.30 M | $4.11 M | |||
414 VVS 414VVS Finance | $0.00000112 | 3.74% | 15.13% | 6.73% | $48.78 M | $106.52 M | $99,482.00 | |||
552 STON 552STON | $0.5257 | 5.90% | 12.34% | 9.82% | $37.04 M | $52.57 M | $27,137.00 | |||
567 BNT 567Bancor Network | $0.3516 | 0.31% | 11.16% | 7.49% | $35.68 M | $35.68 M | $1.65 M | |||
608 VELO 608Velodrome Finance | $0.03569 | −7.40% | 29.57% | 56.72% | $32.66 M | $93.64 M | $3.45 M | |||
634 KNC 634Kyber Network Crystal | $0.1461 | −0.47% | 3.60% | 26.43% | $30.57 M | $35.22 M | $1.70 M | |||
635 OSMO 635Osmosis | $0.03848 | 1.33% | 10.70% | 5.93% | $30.40 M | $37.45 M | $763,002.33 | |||
646 CETUS 646Cetus Protocol | $0.03023 | 5.26% | 30.48% | 22.79% | $29.18 M | $30.23 M | $5.29 M | |||
649 FLIP 649Chainflip | $0.3275 | −1.42% | −1.24% | −23.64% | $29.02 M | $29.02 M | $68,521.27 | |||
829 FUL 829Fulcrom | $0.00116 | 3.69% | 25.98% | −9.16% | $19.38 M | $23.20 M | $5,314.67 | |||
872 VRSC 872Verus | $0.2193 | −5.68% | −2.03% | 4.05% | $17.74 M | $18.32 M | $128.40 | |||
925 AQUA 925Aquarius | $0.0003648 | −2.11% | 2.72% | 2.41% | $16.05 M | $36.47 M | $394,577.00 | |||
960 MAV 960Maverick Protocol | $0.01258 | 1.77% | 17.05% | 13.30% | $14.75 M | $25.16 M | $900,348.72 | |||
973 DOLO 973Dolomite | $0.03243 | 2.88% | 27.33% | 28.62% | $14.32 M | $32.38 M | $3.00 M | |||
1005 SAUCE 1005SaucerSwap | $0.01473 | −0.09% | 4.90% | 6.70% | $13.63 M | $13.63 M | $42,758.00 | |||
1071 WET 1071HumidiFi | $0.07033 | 1.04% | 14.74% | 11.45% | $12.01 M | $70.33 M | $1.22 M | |||
1089 EKUBO 1089Ekubo | $1.17 | 2.63% | 113.54% | 136.58% | $11.70 M | $11.70 M | $15,376.49 | |||
1113 THE 1113THENA | $0.08405 | 1.94% | 11.98% | 16.19% | $11.20 M | $23.92 M | $1.13 M | |||
1157 BAL 1157Balancer | $0.148 | 22.32% | 29.26% | 24.32% | $10.33 M | $10.71 M | $1.91 M | |||
1249 QUICK 1249Quickswap [OLD] | $13.35 | 4.49% | 28.06% | 24.56% | $8.88 M | $11.94 M | $7,641.54 | |||
1261 ANY 1261Anyswap | $0.6612 | 1.02% | 3.55% | 8.23% | $8.72 M | $66.12 M | $19.75 | |||
1312 GTC 1312Gitcoin | $0.09038 | −1.12% | 9.45% | −1.99% | $7.91 M | $9.04 M | $2.15 M | |||
1355 QUICK 1355Quickswap | $0.01117 | −3.56% | 21.65% | 19.93% | $7.38 M | $9.99 M | $635,060.24 | |||
1413 HFT 1413Hashflow | $0.007251 | 15.27% | 23.00% | 13.01% | $6.72 M | $7.23 M | $11.72 M | |||
1681 SDEX 1681SmarDex | $0.0004322 | 0.23% | −0.85% | −9.91% | $4.24 M | $4.32 M | $4,360.79 | |||
1873 SPECTRA 1873Spectra | $0.006593 | 3.72% | 44.10% | 63.16% | $3.17 M | $2.91 M | $4,197.36 | |||
1892 ALEX 1892ALEX Lab | $0.004963 | 1.37% | 8.22% | 70.83% | $3.01 M | $3.01 M | $61,739.53 | |||
1905 PERP 1905Perpetual Protocol | $0.02241 | 2.17% | 7.55% | 8.17% | $2.96 M | $3.36 M | $65,565.17 | |||
1944 KYO 1944Kyo | $0.0174 | 0.51% | 2.91% | 4.23% | $2.85 M | $3.48 M | $429,155.00 | |||
2005 MEX 2005xExchange | $0.0₅64 | −3.85% | 3.85% | 97.85% | $2.61 M | $2.55 M | $10,260.27 | |||
2107 SWAP 2107HyperSwap | $0.03228 | 16.79% | 0.86% | −45.79% | $2.27 M | $2.98 M | $23,663.00 | |||
2117 FOREST 2117Forest Protocol | $0.02757 | 1.33% | −5.59% | −20.04% | $2.23 M | $27.57 M | $111,844.07 | |||
2129 HYDX 2129Hydrex | $0.04278 | −5.34% | 4.05% | 31.85% | $2.19 M | $4.71 M | $102,054.00 | |||
2273 BLACK 2273Blackhole | $0.006505 | 39.93% | 147.36% | 173.22% | $1.85 M | $1.87 M | $129,802.00 | |||
2347 MTA 2347mStable Governance: Meta | $0.02983 | 0.06% | −3.23% | −4.33% | $1.65 M | $2.98 M | $26.76 | |||
2382 KNCL 2382Kyber Network Crystal Legacy | $0.1461 | −0.75% | 3.60% | 27.19% | $1.58 M | $30.72 M | $6,990.78 | |||
2444 KDK 2444Kodiak Finance | $0.09872 | 0.07% | −0.64% | −5.33% | $1.46 M | $9.87 M | $12,772.46 | |||
2536 CREAM 2536Cream | $0.4604 | 0.11% | 0.56% | −39.49% | $1.30 M | $1.35 M | $102.08 | |||
2696 SUDO 2696sudoswap | $0.04185 | 0.18% | 4.42% | 8.62% | $1.07 M | $2.43 M | $111.31 | |||
2743 LIGHT 2743Light | $0.001452 | −7.94% | −15.80% | −4.60% | $1.02 M | $1.34 M | $6.08 | |||
2759 GS 2759GammaSwap | $0.002342 | 0.70% | 3.18% | −47.23% | $1.00 M | $3.75 M | $333.36 | |||
2809 TURBOS 2809Turbos Finance | $0.0001427 | −3.46% | 35.82% | 60.39% | $944,674.00 | $1.43 M | $60,064.90 | |||
2820 KUMA 2820Kuma | $0.00094 | 3.26% | 5.54% | 17.58% | $940,000.00 | $940,000.00 | $2,154.69 | |||
2989 ZSWAP 2989Zygoswap | $0.0008006 | 0.21% | 1.79% | −8.40% | $783,787.40 | $783,787.40 | $45,913.00 | |||
3088 TUNA 3088DeFituna | $0.002505 | −17.51% | −12.05% | −63.63% | $705,157.50 | $2.50 M | $589.50 | |||
3116 YAK 3116Yield Yak | $68.66 | −2.97% | −4.06% | 10.48% | $686,600.00 | $686,600.00 | $455.47 | |||
3172 THL 3172Thala | $0.008717 | 0.00% | 31.38% | 2.95% | $643,676.42 | $871,700.00 | $568.85 | |||
3376 WRT 3376WingRiders | $0.005382 | 0.25% | 17.42% | 17.16% | $517,737.63 | $538,200.00 | $455.46 | |||
3378 ELX 3378Elixir | $0.001176 | 3.76% | 0.63% | 2.81% | $516,336.18 | $1.18 M | $419.87 | |||
3619 ANB 3619Angryb | $0.0₅53 | 0.26% | 2.66% | 5.21% | $412,181.00 | $412,181.00 | $45.45 | |||
3649 ABOND 3649ApeBond | $0.0006303 | 1.76% | 9.23% | 23.03% | $401,528.06 | $409,695.00 | $444.14 | |||
3994 GBEX 3994Globiance Exchange | $0.0₈801 | 6.16% | −3.62% | −9.67% | $295,001.28 | $400,500.00 | $126.31 | |||
4061 NOM 4061Onomy Protocol | $0.00207 | 0.00% | 25.59% | 28.32% | $278,686.15 | $351,209.01 | $175,388.79 | |||
4063 BSW 4063Biswap | $0.0004047 | 0.35% | 2.44% | 6.04% | $277,754.48 | $265,277.80 | $402.60 | |||
4123 SI 4123Siren | $0.003983 | 0.77% | 3.58% | 6.29% | $266,295.09 | $398,300.00 | $1.57 | |||
4139 BELT 4139Belt | $0.02752 | 1.35% | 3.91% | −21.10% | $262,819.35 | $262,819.35 | $54.52 | |||
4168 BXX 4168Baanx | $0.001038 | −1.67% | −8.46% | −46.54% | $256,609.21 | $259,500.00 | $907.89 | |||
4244 CYPH 4244Cypher | $0.001826 | 0.58% | −7.62% | −30.42% | $241,377.08 | $1.83 M | $6,605.67 | |||
4263 POSI 4263Position Token | $0.002601 | 0.35% | 5.04% | 6.17% | $238,771.80 | $238,771.80 | $10,325.84 | |||
4293 MARCO 4293Melega | $0.0003148 | 0.80% | 2.67% | −3.98% | $232,736.62 | $292,763.62 | $737.16 | |||
4299 BANANA 4299ApeSwap | $0.0006287 | 2.28% | 10.34% | 9.39% | $231,298.37 | $231,298.37 | $1.41 | |||
4670 XSP 4670XSwap Protocol | $0.00007138 | 3.37% | 0.41% | −2.41% | $171,099.27 | $927,940.00 | $62.25 | |||
4677 ASH 4677AshSwap | $0.000385 | −1.55% | 21.01% | 30.97% | $170,511.42 | $385,000.00 | $255.01 | |||
4726 AARK 4726Aark Digital | $0.0002631 | −65.87% | −69.83% | −77.39% | $163,957.64 | $183,114.39 | $838.31 | |||
4747 SBR 4747Saber | $0.00006071 | −21.36% | −25.35% | −57.75% | $161,360.62 | $5,956.35 | $2,951.90 | |||
4924 VOLT 4924Voltage Finance | $0.00001628 | 3.01% | 0.55% | 125.17% | $142,085.68 | $140,112.30 | $8.54 | |||
4996 LTX 4996Lattice Token | $0.004714 | 0.73% | 1.20% | −42.01% | $135,074.46 | $471,400.00 | $43,858.00 | |||
5060 BOO 5060SpookySwap [Old] | $0.01772 | −5.69% | 15.38% | 26.51% | $128,633.19 | $128,633.19 | $81.79 | |||
5250 ZF 5250zkSwap Finance | $0.0001672 | 1.21% | 1.93% | −7.28% | $111,548.48 | $167,200.00 | $626.89 | |||
5265 CSWAP 5265CrossSwap | $0.005501 | 0.75% | 3.34% | 4.96% | $110,020.00 | $110,020.00 | $21.43 | |||
5269 ABX 5269Aborean | $0.0003393 | −0.31% | −2.18% | −48.81% | $109,812.77 | $403,505.87 | $2,068.49 | |||
5364 GRAY 5364Gradient | $0.01037 | −0.37% | −3.60% | −48.07% | $103,700.00 | $103,700.00 | $178.88 | |||
5384 WOM 5384Wombat Exchange | $0.0004595 | −16.66% | −16.40% | −10.84% | $102,276.20 | $459,500.00 | $5,590.72 | |||
5438 UBE 5438Ubeswap | $0.000534 | −0.65% | 12.13% | 44.19% | $99,136.68 | $133,500.00 | $1,651.86 | |||
5571 MMF 5571MMFinance (Cronos) | $0.00009204 | 2.33% | 9.99% | 6.89% | $90,045.20 | $88,364.83 | $1,281.07 | |||
5864 ZKB 5864ZKBase | $0.0003265 | 0.50% | 135.19% | 267.67% | $72,956.42 | $195,249.76 | $6.10 | |||
5990 SHARD 5990Shard Coin | $0.002165 | 31.15% | 31.15% | 31.55% | $66,574.81 | $165,840.80 | $3.66 | |||
6103 CANDY 6103Bored Candy City | $0.0002628 | 3.24% | 24.12% | 13.29% | $61,521.13 | $61,521.13 | $57.50 | |||
6141 BAKE 6141BakerySwap | $0.000207 | 0.80% | −1.38% | −73.93% | $59,982.40 | $59,982.40 | $49.94 | |||
6269 BSCS 6269BSCS | $0.0002029 | 0.58% | −10.25% | −38.92% | $54,774.34 | $79,647.17 | $33.67 | |||
6363 BOO 6363SpookySwap | $0.007158 | 1.77% | 30.16% | 12.80% | $51,961.42 | $51,961.42 | $83.90 | |||
6600 DFP2 6600DefiPlaza | $0.0006638 | 0.09% | −13.31% | −60.02% | $44,283.08 | $44,283.08 | $12.59 | |||
6605 LIEN 6605Lien | $0.1246 | −71.34% | −69.88% | 107.82% | $44,217.33 | $124,600.00 | $11,370.74 | |||
6610 WASP 6610WanSwap [OLD] | $0.0002167 | −0.77% | −2.43% | −1.23% | $44,108.62 | $45,507.00 | $2.86 | |||
6770 ZERO 67700.exchange | $0.0001053 | 0.71% | 4.77% | 9.23% | $39,487.50 | $59,399.72 | $1.89 | |||
6896 OBS 6896Obsidium | $0.002529 | −0.00% | 0.01% | −0.01% | $36,670.50 | $36,670.50 | $6,508.15 | |||
6967 INX 6967Ionex Token | $0.001309 | −0.15% | 0.57% | 5.40% | $34,911.86 | $130,900.00 | $65.37 | |||
7197 BURGER 7197Burger Swap | $0.0006966 | 1.17% | −0.52% | 5.96% | $29,978.75 | $29,978.75 | $62.29 | |||
7199 XLD 7199Xcel Defi | $0.0005174 | 1.61% | −8.36% | −4.97% | $29,956.90 | $56,723.64 | $8.11 | |||
7370 SATX 7370$SATX | $0.00000487 | 5.27% | −31.62% | −34.66% | $26,580.45 | $40,572.06 | $3.44 |
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Frequently Asked Questions
What is an AMM (automated market maker) in crypto?
An AMM (automated market maker) is a DeFi protocol that replaces the order book with liquidity pools — smart contracts holding token reserves priced by a formula rather than by matched buy and sell orders. AMMs let anyone swap tokens on-chain at any time without a centralized market maker. For investors, AMM tokens represent exposure to on-chain trading infrastructure that earns fees proportional to swap volume. DropsTab tracks 100+ AMM protocols, including Uniswap (UNI), PancakeSwap (CAKE), and Curve DAO (CRV).
How does an automated market maker work using the constant-product formula?
An automated market maker prices swaps with a constant-product formula, written x * y = k, where x and y are the pool's two token reserves and k stays constant. When a trader removes one token, the formula raises the price of the remaining token to keep k fixed. Liquidity providers deposit both assets into the pool and earn a share of every swap fee. Uniswap pioneered this model, and its constant-product design underpins most first-generation AMMs on DropsTab.
What is the difference between constant-product and concentrated-liquidity AMMs?
Constant-product AMMs spread liquidity evenly across all prices from zero to infinity, leaving most deposited capital idle. Concentrated-liquidity AMMs let providers allocate capital to a chosen price range, raising fees earned per dollar of liquidity. Uniswap v3 introduced concentrated liquidity in 2021. PancakeSwap V3 and Aerodrome Slipstream use the same design. Concentrated liquidity increases capital efficiency but forces providers to manage price ranges actively or earn nothing when price exits the range.
How does an AMM differ from an order-book exchange?
An AMM prices trades algorithmically from a pooled reserve, while an order-book exchange matches individual buy and sell orders at quoted prices. Order books need active market makers to provide depth; an AMM sources liquidity passively from anyone who deposits into a pool. AMMs settle every swap on-chain through smart contracts, removing the need for a centralized operator. This trade-off gives AMMs permissionless liquidity but exposes providers to impermanent loss, a risk absent from traditional order-book trading.
What is impermanent loss for AMM liquidity providers?
Impermanent loss is the shortfall an AMM liquidity provider suffers when pool token prices diverge, causing the position to underperform simply holding the same assets. Impermanent loss grows as the price ratio moves further from the deposit ratio. Impermanent loss is the core risk of providing AMM liquidity — swap fees must outpace it for a provider to profit. Impermanent loss becomes permanent only when the provider withdraws while prices remain diverged.
Which projects lead the AMM sector by TVL and volume?
Uniswap (UNI) leads the AMM sector as the largest DEX by TVL and volume, with its v2, v3, and v4 versions representing roughly a quarter of all DEX volume across 20+ EVM chains. PancakeSwap (CAKE) ranks as a consistent top-two DEX by volume on BNB Chain. Curve DAO (CRV) leads stableswap trading between pegged assets. Aerodrome (AERO) leads ve(3,3) volume on Base, and Pendle (PENDLE) leads yield-tokenization by TVL.
How is the AMM category segmented by mechanism?
The AMM category segments into five mechanism families tracked on DropsTab. Constant-product AMMs use Uniswap v2-style x * y = k pricing. Concentrated-liquidity AMMs like Uniswap v3 concentrate capital into price ranges. Vote-escrow ve(3,3) AMMs — Aerodrome, Velodrome (VELO), and THENA (THE) — direct emissions through weekly veToken votes. Stableswap AMMs like Curve optimize pegged-asset swaps. Yield-tokenization AMMs like Pendle and Spectra (SPECTRA) split yield-bearing assets into principal and yield tokens.
What are the risks of investing in AMM tokens?
AMM token investors face dilution risk when emissions-heavy tokenomics outpace fee revenue, a pattern common in farm-and-dump and some ve(3,3) designs. Smart-contract exploit risk is material because AMM pools hold high-value reserves and are frequent attack targets. Concentration risk skews category health toward a few leaders — Uniswap dominates volume and TVL, so a downturn there drags the sector. Fee competition and MEV compress protocol margins, and regulatory exposure surrounds DEX front-ends and governance-token classification.
How do you track AMM protocols on DropsTab?
DropsTab tracks 100+ AMM protocols across constant-product, concentrated-liquidity, ve(3,3), stableswap, and yield-tokenization subdivisions on the AMM category page. The category scanner filters protocols and ranks them by market cap and structural metrics. Vesting schedules and unlock calendars expose emissions-driven dilution risk for tokens like AERO and VELO. The Fundraising database surfaces backer quality per protocol. Drops Bot alerts flag unlock events, letting investors monitor sell-pressure timing across the AMM sector.