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AMM

Market Cap

$5.99 B

−1.40%

Dominance

0.26%

−0.01%

24h M.Cap Change

−1.40%

24h Change

7d M.Cap Change

−7.26%

7d Change

Gainers/Losers

58 (41.73%)

81 (58.27%)


33 UNI 33 Uniswap	$3.26	−0.24%	−16.91%	−7.51%	$2.04 B	$2.91 B	$74.27 M
38 ASTER 38 Aster	$0.6061	1.14%	0.60%	−2.72%	$1.64 B	$4.73 B	$42.76 M
77 CAKE 77 PancakeSwap	$1.46	0.04%	0.58%	3.57%	$468.95 M	$486.90 M	$18.30 M
81 AERO 81 Aerodrome	$0.4032	−1.90%	−3.19%	−12.97%	$393.93 M	$790.03 M	$11.85 M
84 CRV 84 Curve DAO	$0.2454	−0.60%	−5.35%	14.92%	$378.16 M	$591.65 M	$16.92 M
116 PENDLE 116 Pendle	$1.34	4.07%	−0.27%	−11.68%	$231.21 M	$378.09 M	$11.27 M
141 RAY 141 Raydium	$0.6137	−0.92%	−3.13%	−9.04%	$165.40 M	$340.60 M	$4.89 M
186 1INCH 186 1INCH	$0.08275	0.54%	−0.29%	15.09%	$116.87 M	$124.13 M	$12.86 M
283 ORCA 283 Orca	$1.05	0.96%	−0.09%	−9.05%	$64.26 M	$79.27 M	$12.14 M
299 COW 299 CoW Protocol	$0.1063	−4.85%	1.51%	−20.95%	$61.11 M	$106.30 M	$11.38 M
362 SUSHI 362 SushiSwap	$0.1594	−1.18%	−2.34%	−2.16%	$45.72 M	$46.47 M	$3.39 M
419 FLIP 419 Chainflip	$0.4373	21.90%	27.30%	50.25%	$38.67 M	$39.03 M	$431,249.13
469 VVS 469 VVS Finance	$0.0₅79	−3.14%	−2.10%	−25.58%	$34.40 M	$75.14 M	$35,480.00
530 STON 530 STON	$0.4376	−0.84%	3.33%	−13.42%	$30.83 M	$43.76 M	$4,667.66
593 BNT 593 Bancor Network	$0.2628	−1.25%	0.63%	−3.11%	$26.67 M	$26.67 M	$1.54 M
643 OSMO 643 Osmosis	$0.03012	−0.32%	−1.02%	−8.30%	$23.65 M	$29.37 M	$1.87 M
695 KNC 695 Kyber Network Crystal	$0.09947	−1.13%	−3.75%	−8.82%	$20.81 M	$23.97 M	$4.19 M
699 VRSC 699 Verus	$0.2542	35.72%	10.43%	−55.31%	$20.52 M	$21.24 M	$1,697.54
715 CETUS 715 Cetus Protocol	$0.02082	−3.57%	7.01%	13.95%	$20.01 M	$20.82 M	$2.53 M
846 VELO 846 Velodrome Finance	$0.01668	−1.80%	−2.88%	−15.02%	$15.27 M	$42.96 M	$1.81 M
861 FUL 861 Fulcrom	$0.0008762	−1.39%	−6.49%	−15.39%	$14.64 M	$17.52 M	$835.60
884 AQUA 884 Aquarius	$0.0003145	−1.93%	−2.13%	−13.05%	$13.82 M	$31.44 M	$26,783.00
958 WET 958 HumidiFi	$0.06998	−0.49%	3.36%	4.28%	$11.93 M	$69.87 M	$422,824.13
982 SAUCE 982 SaucerSwap	$0.01227	0.98%	−1.78%	−4.49%	$11.25 M	$11.26 M	$10,296.81
1014 MAV 1014 Maverick Protocol	$0.009008	−6.06%	−18.15%	0.82%	$10.56 M	$18.02 M	$849,854.13
1050 DOLO 1050 Dolomite	$0.02248	−1.59%	−5.57%	5.85%	$9.93 M	$22.44 M	$5.39 M
1165 THE 1165 THENA	$0.06093	−2.42%	0.16%	11.09%	$8.12 M	$17.34 M	$3.09 M
1208 BAL 1208 Balancer	$0.105	−1.08%	−0.91%	4.04%	$7.33 M	$7.61 M	$68,011.08
1229 GTC 1229 Gitcoin	$0.08077	−5.65%	−6.47%	21.42%	$7.07 M	$8.08 M	$2.34 M
1246 ANY 1246 Anyswap	$0.5124	−0.36%	−0.60%	4.76%	$6.76 M	$51.24 M	$3.16
1280 HFT 1280 Hashflow	$0.006931	3.59%	−21.91%	−18.24%	$6.37 M	$6.91 M	$3.85 M
1304 QUICK 1304 Quickswap [OLD]	$9.12	0.44%	1.00%	−4.51%	$6.06 M	$8.17 M	$14,834.22
1384 QUICK 1384 Quickswap	$0.007964	−2.76%	−1.27%	1.04%	$5.27 M	$7.13 M	$405,583.00
1427 SDEX 1427 SmarDex	$0.0004989	0.11%	−2.36%	−14.54%	$4.89 M	$4.99 M	$10,899.04
1538 EKUBO 1538 Ekubo	$0.4039	−4.87%	−7.76%	−26.49%	$4.04 M	$4.04 M	$8,496.87
1778 KYO 1778 Kyo	$0.01614	0.24%	1.51%	3.66%	$2.64 M	$3.23 M	$2.62 M
1851 PERP 1851 Perpetual Protocol	$0.0177	−2.94%	−6.89%	−8.03%	$2.34 M	$2.66 M	$18,660.35
2096 MTA 2096 mStable Governance: Meta	$0.02975	0.38%	0.20%	0.84%	$1.65 M	$2.98 M	$93.31
2110 KDK 2110 Kodiak Finance	$0.1103	−0.54%	0.35%	−13.33%	$1.63 M	$11.03 M	$39,496.00
2168 FOREST 2168 Forest Protocol	$0.01872	−2.11%	−1.80%	−12.93%	$1.52 M	$18.72 M	$85,617.63
2186 GS 2186 GammaSwap	$0.00413	−0.23%	−2.55%	−19.91%	$1.49 M	$6.61 M	$434.02
2198 SPECTRA 2198 Spectra	$0.003081	−5.22%	24.99%	15.56%	$1.46 M	$1.36 M	$1,331.13
2386 SWAP 2386 HyperSwap	$0.01622	0.50%	3.70%	−40.70%	$1.13 M	$1.51 M	$736.91
2428 KNCL 2428 Kyber Network Crystal Legacy	$0.09914	−1.71%	−4.12%	−9.31%	$1.08 M	$20.84 M	$5,807.84
2446 MEX 2446 xExchange	$0.0₅26	3.27%	2.48%	−8.56%	$1.06 M	$1.04 M	$1,945.07
2456 ALEX 2456 ALEX Lab	$0.001723	0.10%	−1.37%	−7.76%	$1.04 M	$1.04 M	$100,156.43
2550 SBR 2550 Saber	$0.0003518	−1.00%	8.49%	−5.65%	$935,046.42	$34,515.68	$1,224.52
2632 LIGHT 2632 Light	$0.001229	−7.01%	−8.81%	−6.33%	$844,110.50	$1.13 M	$0.3127
2734 HYDX 2734 Hydrex	$0.01645	3.02%	21.72%	−18.77%	$757,994.11	$1.68 M	$82,133.00
2747 SUDO 2747 sudoswap	$0.02934	1.48%	0.72%	2.49%	$745,225.22	$1.70 M	$221.55
2926 KUMA 2926 Kuma	$0.0006088	−6.80%	−19.68%	−49.71%	$608,800.00	$608,800.00	$19,762.99
2990 THL 2990 Thala	$0.00783	0.65%	4.03%	−3.38%	$564,395.54	$783,000.00	$114.42
3017 BXX 3017 Baanx	$0.002217	−0.17%	−7.42%	−25.89%	$548,075.74	$554,250.00	$5,730.01
3026 AARK 3026 Aark Digital	$0.000881	−6.41%	−1.34%	−12.36%	$541,727.83	$608,521.40	$6,683.97
3073 TURBOS 3073 Turbos Finance	$0.0000777	−4.15%	−9.64%	−22.91%	$513,910.60	$776,300.00	$10,015.74
3095 ELX 3095 Elixir	$0.001144	0.46%	5.85%	−15.38%	$502,286.22	$1.14 M	$463.83
3144 ZSWAP 3144 Zygoswap	$0.0004881	−2.54%	22.74%	20.83%	$477,849.89	$477,849.89	$142,988.95
3233 BLACK 3233 Blackhole	$0.001625	0.08%	−6.89%	−34.76%	$429,699.50	$433,369.46	$8,382.29
3238 TUNA 3238 DeFituna	$0.001519	9.33%	2.95%	12.26%	$427,598.50	$1.52 M	$578.28
3401 GBEX 3401 Globiance Exchange	$0.0₈996	0.41%	1.84%	0.27%	$366,818.07	$498,000.00	$8.90
3421 WRT 3421 WingRiders	$0.003739	−2.25%	−7.01%	5.06%	$358,503.15	$373,900.00	$151.86
3487 ANB 3487 Angryb	$0.0₅43	0.09%	1.37%	1.19%	$334,411.00	$334,411.00	$36.52
3675 BELT 3675 Belt	$0.03004	−0.29%	−0.46%	4.78%	$286,885.66	$286,885.66	$22.22
3690 YAK 3690 Yield Yak	$28.25	−0.77%	−6.58%	−43.21%	$282,500.00	$282,500.00	$7.30
3710 ABOND 3710 ApeBond	$0.0004349	−0.54%	−1.40%	−6.25%	$277,003.61	$282,685.00	$14.05
3764 LTX 3764 Lattice Token	$0.009144	−1.90%	−10.04%	−16.98%	$262,011.22	$914,399.99	$71,260.00
3782 CYPH 3782 Cypher	$0.002137	−2.08%	−3.91%	−25.55%	$257,451.44	$2.14 M	$1,683.99
3845 BSW 3845 Biswap	$0.0003536	0.02%	−2.79%	6.18%	$242,683.43	$231,782.14	$843.78
3911 NOM 3911 Onomy Protocol	$0.001676	0.78%	3.36%	11.84%	$225,641.54	$284,360.53	$21,776.83
3937 MARCO 3937 Melega	$0.0003057	1.81%	−6.30%	−14.48%	$221,056.97	$284,300.63	$174.97
3983 ZF 3983 zkSwap Finance	$0.0003403	0.09%	−6.06%	−11.71%	$210,579.27	$340,300.00	$3,507.56
4071 BAKE 4071 BakerySwap	$0.0006776	−0.33%	−7.89%	−6.49%	$196,348.19	$196,348.19	$85.92
4164 ASTRO 4164 Astroport	$0.0004259	4.05%	−0.63%	93.89%	$180,435.55	$468,490.00	$3,530.79
4273 XSP 4273 XSwap Protocol	$0.00006929	−0.09%	−4.56%	−8.85%	$166,089.50	$900,770.00	$111.62
4300 POSI 4300 Position Token	$0.001776	−0.31%	−2.59%	1.41%	$163,036.80	$163,036.80	$7.93
4359 BANANA 4359 ApeSwap	$0.0004191	5.94%	5.27%	1044130.96%	$154,186.65	$154,186.65	$9.59
4412 WOM 4412 Wombat Exchange	$0.0006604	7.18%	4.39%	−4.74%	$146,992.82	$660,400.00	$3,362.40
4640 GRAY 4640 Gradient	$0.01206	0.87%	−3.04%	−18.83%	$120,600.00	$120,600.00	$78.63
4655 DFP2 4655 DefiPlaza	$0.001793	−2.43%	−1.61%	6.95%	$119,613.70	$119,613.70	$45.76
4788 ASH 4788 AshSwap	$0.0002478	5.86%	1.54%	−22.37%	$107,269.35	$247,800.00	$42.61
5092 BOO 5092 SpookySwap [Old]	$0.01138	3.61%	−0.21%	−17.48%	$82,609.80	$82,609.80	$308.62
5125 BSCS 5125 BSCS	$0.0002996	0.06%	−0.38%	−1.09%	$80,879.22	$117,606.19	$1.30
5163 ABX 5163 Aborean	$0.0002556	−0.58%	−28.87%	−69.43%	$77,972.85	$285,963.42	$414.17
5323 MMF 5323 MMFinance (Cronos)	$0.00007131	−1.22%	−0.38%	−15.37%	$69,764.48	$68,462.58	$339.04
5717 O3 5717 O3 Swap	$0.0008879	−0.37%	−10.11%	−0.64%	$50,457.18	$88,687.57	$12.81
5740 UBE 5740 Ubeswap	$0.0003012	−2.77%	−12.59%	−24.36%	$49,804.70	$75,300.00	$2,064.24
5890 CANDY 5890 Bored Candy City	$0.0001841	1.18%	14.31%	−2.10%	$43,751.73	$43,751.73	$13.33
5924 WASP 5924 WanSwap [OLD]	$0.0002084	−0.83%	−2.30%	−4.70%	$42,419.18	$43,764.00	$47.41
6112 OBS 6112 Obsidium	$0.002527	−0.01%	0.00%	−0.00%	$36,641.50	$36,641.50	$6,415.84
6172 INX 6172 Ionex Token	$0.001295	0.44%	2.42%	0.98%	$34,538.47	$129,499.99	$4.38
6258 JULD 6258 JulSwap	$0.00005457	0.02%	−6.30%	−23.74%	$32,314.54	$43,622.37	$2.00
6437 XLD 6437 Xcel Defi	$0.0004863	−0.28%	−1.64%	−25.50%	$28,156.25	$53,314.08	$1.05
6729 BURGER 6729 Burger Swap	$0.0005273	−3.87%	−0.64%	−6.66%	$22,692.79	$22,692.79	$49.82
6952 NRV 6952 Nerve Finance	$0.0004092	−0.23%	0.25%	−7.25%	$18,920.49	$40,920.00	$1,037.04
7674 SAIL 7674 Full Sail	$0.00003676	−1.45%	−6.34%	−54.50%	$10,121.28	$81,872.35	$200.68
7906 CRX 7906 Crodex	$0.08305	−1.97%	−1.09%	−25.02%	$8,305.00	$8,305.00	$3.63
8414 PRIVACY 8414 PrivacyDex	$0.0000051	1.69%	−1.21%	−38.59%	$5,100.00	$5,100.00	$45.07
8575 AMARA 8575 AMARA	$0.0000041	1.49%	−7.87%	−58.92%	$4,100.00	$4,100.00	$40.31
8578 SAKE 8578 SakeToken	$0.00004019	−9.07%	−19.91%	−57.23%	$4,093.86	$5,477.03	$100.59
8937 PTP 8937 Platypus Finance	$0.00005119	0.51%	14.52%	4.64%	$2,121.13	$15,357.00	$0.31

Showing 1 — 100 out of 139

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.