AMM
0.36%
−0.00%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
24 UNI 24Uniswap | $7.07 | −2.64% | −6.07% | −7.56% | $4.42 B | $6.30 B | $147.90 M | |||
43 ASTER 43Aster | $0.7016 | −0.96% | −1.18% | −5.23% | $1.90 B | $5.46 B | $68.74 M | |||
72 AERO 72Aerodrome | $0.8474 | −3.26% | −6.63% | 44.22% | $850.74 M | $1.70 B | $48.58 M | |||
77 CAKE 77PancakeSwap | $2.22 | 2.56% | 0.70% | −9.63% | $705.86 M | $729.92 M | $46.15 M | |||
89 CRV 89Curve DAO | $0.3399 | −1.77% | −5.45% | 1.29% | $534.57 M | $827.79 M | $48.47 M | |||
92 RAY 92Raydium | $1.77 | −3.31% | −23.97% | 23.29% | $478.21 M | $989.01 M | $18.38 M | |||
100 PENDLE 100Pendle | $2.04 | −3.30% | −5.09% | −11.64% | $356.05 M | $577.13 M | $44.26 M | |||
192 1INCH 1921INCH | $0.0923 | −1.85% | −6.29% | 0.92% | $131.57 M | $138.36 M | $5.17 M | |||
215 ORCA 215Orca | $1.82 | −4.69% | −26.62% | 34.56% | $110.96 M | $137.25 M | $8.20 M | |||
281 COW 281CoW Protocol | $0.1307 | −1.63% | −12.59% | −2.23% | $75.07 M | $130.80 M | $1.36 M | |||
318 SUSHI 318SushiSwap | $0.2174 | −4.15% | −8.07% | −5.14% | $62.36 M | $63.55 M | $4.24 M | |||
437 VVS 437VVS Finance | $0.0₅91 | −2.95% | −7.98% | −4.98% | $39.63 M | $86.55 M | $38,085.00 | |||
460 STON 460STON | $0.5231 | −0.87% | −7.56% | 12.17% | $36.86 M | $52.31 M | $6,941.37 | |||
495 VELO 495Velodrome Finance | $0.03702 | −3.22% | −5.54% | 46.96% | $33.88 M | $98.03 M | $5.01 M | |||
560 BNT 560Bancor Network | $0.3068 | −1.85% | −5.59% | −0.65% | $31.13 M | $31.13 M | $1.08 M | |||
571 OSMO 571Osmosis | $0.0407 | −6.62% | 16.41% | 21.33% | $30.47 M | $38.77 M | $2.20 M | |||
633 FLIP 633Chainflip | $0.2982 | 1.62% | −0.45% | −15.06% | $26.23 M | $26.23 M | $16,645.26 | |||
645 KNC 645Kyber Network Crystal | $0.1214 | −3.65% | −12.06% | −8.19% | $25.41 M | $29.26 M | $847,079.33 | |||
704 CETUS 704Cetus Protocol | $0.02274 | −5.02% | −15.82% | 9.58% | $21.95 M | $22.74 M | $1.05 M | |||
752 GTC 752Gitcoin | $0.2269 | 10.40% | 20.83% | 192.49% | $19.86 M | $22.56 M | $60.51 M | |||
795 VRSC 795Verus | $0.2196 | 14.38% | 4.42% | 8.57% | $17.78 M | $18.35 M | $2,140.23 | |||
894 FUL 894Fulcrom | $0.000875 | −2.27% | −9.42% | −7.05% | $14.62 M | $17.50 M | $2,000.12 | |||
904 EKUBO 904Ekubo | $1.44 | −5.88% | −4.64% | 180.06% | $14.40 M | $14.40 M | $44,632.00 | |||
924 AQUA 924Aquarius | $0.0003114 | −1.66% | −7.77% | −13.04% | $13.89 M | $31.13 M | $232,676.00 | |||
1013 MAV 1013Maverick Protocol | $0.01001 | −2.74% | −15.67% | −2.36% | $11.74 M | $20.00 M | $590,842.88 | |||
1055 DOLO 1055Dolomite | $0.02455 | −2.30% | −11.86% | 0.53% | $10.84 M | $24.49 M | $3.37 M | |||
1078 SAUCE 1078SaucerSwap | $0.0111 | −2.14% | −9.23% | −15.03% | $10.30 M | $10.30 M | $19,543.21 | |||
1166 WET 1166HumidiFi | $0.05191 | −3.22% | −14.13% | −9.78% | $8.86 M | $51.91 M | $279,602.29 | |||
1216 BAL 1216Balancer | $0.118 | −4.47% | −10.53% | 6.87% | $8.24 M | $8.54 M | $368,168.00 | |||
1237 ANY 1237Anyswap | $0.6028 | −2.27% | −4.87% | −2.67% | $7.95 M | $60.28 M | $10.17 | |||
1261 QUICK 1261Quickswap [OLD] | $11.47 | −4.34% | −4.58% | 12.89% | $7.63 M | $10.24 M | $1,932.08 | |||
1282 THE 1282THENA | $0.0555 | −4.20% | −20.50% | −19.62% | $7.40 M | $15.76 M | $1.37 M | |||
1397 HFT 1397Hashflow | $0.006089 | −3.01% | −11.71% | 8.93% | $5.72 M | $6.08 M | $1.22 M | |||
1463 KYO 1463Kyo | $0.03186 | −5.34% | 37.21% | 89.39% | $5.21 M | $6.34 M | $8,525.51 | |||
1526 QUICK 1526Quickswap | $0.00708 | 10.34% | −32.89% | −24.97% | $4.64 M | $6.43 M | $2.15 M | |||
1582 SDEX 1582SmarDex | $0.0004387 | 0.47% | 6.05% | 2.04% | $4.30 M | $4.39 M | $8,307.49 | |||
1859 ALEX 1859ALEX Lab | $0.004538 | −8.90% | −19.74% | 41.04% | $2.75 M | $2.75 M | $61,117.44 | |||
1876 PERP 1876Perpetual Protocol | $0.02028 | −1.77% | −4.34% | 1.62% | $2.68 M | $3.04 M | $34,875.65 | |||
2043 MEX 2043xExchange | $0.0000005 | −3.37% | −17.12% | −23.84% | $2.04 M | $1.99 M | $5,761.74 | |||
2129 SPECTRA 2129Spectra | $0.003772 | −3.65% | −19.19% | −2.18% | $1.81 M | $1.66 M | $1,484.71 | |||
2166 MTA 2166mStable Governance: Meta | $0.03085 | −2.60% | 5.28% | 0.15% | $1.71 M | $3.09 M | $13.52 | |||
2262 FOREST 2262Forest Protocol | $0.01867 | −2.28% | −4.66% | −36.22% | $1.51 M | $18.69 M | $99,471.40 | |||
2306 SWAP 2306HyperSwap | $0.02023 | −5.92% | −44.62% | −22.37% | $1.43 M | $1.88 M | $11,844.41 | |||
2371 KNCL 2371Kyber Network Crystal Legacy | $0.1213 | −3.96% | −11.93% | −8.85% | $1.31 M | $25.50 M | $3,838.91 | |||
2372 KDK 2372Kodiak Finance | $0.08893 | −1.16% | −4.76% | −8.39% | $1.31 M | $8.90 M | $6,271.15 | |||
2423 CREAM 2423Cream | $0.44 | −0.00% | −0.81% | −5.57% | $1.25 M | $1.29 M | $222.75 | |||
2424 HYDX 2424Hydrex | $0.02458 | −0.23% | 2.90% | −10.83% | $1.25 M | $2.73 M | $5,863.43 | |||
2487 BLACK 2487Blackhole | $0.003813 | −5.63% | −26.90% | 69.37% | $1.15 M | $1.16 M | $8,650.02 | |||
2699 GS 2699GammaSwap | $0.002055 | −1.52% | −4.75% | −15.29% | $879,364.90 | $3.29 M | $318.48 | |||
2851 THL 2851Thala | $0.009936 | 0.83% | −1.66% | 49.68% | $742,445.56 | $993,600.00 | $910.78 | |||
2868 LIGHT 2868Light | $0.001048 | 0.26% | −75.39% | −27.99% | $734,231.07 | $963,985.24 | $0.060129 | |||
2936 TURBOS 2936Turbos Finance | $0.00010485 | −4.08% | −22.69% | −4.01% | $694,107.00 | $1.05 M | $8,423.51 | |||
3031 TUNA 3031DeFituna | $0.00223 | 2.41% | −4.35% | −15.99% | $627,745.00 | $2.23 M | $136.29 | |||
3099 ZSWAP 3099Zygoswap | $0.0005936 | −1.53% | −8.76% | −29.26% | $581,134.40 | $581,134.40 | $40,213.00 | |||
3204 AARK 3204Aark Digital | $0.0008216 | −0.93% | −12.21% | −17.82% | $515,825.77 | $576,072.89 | $4,968.27 | |||
3382 WRT 3382WingRiders | $0.004443 | −3.27% | −15.83% | 3.01% | $428,180.49 | $444,300.00 | $60.85 | |||
3492 ANB 3492Angryb | $0.0₅49 | −1.67% | −2.65% | −2.01% | $381,073.00 | $381,073.00 | $226.84 | |||
3527 YAK 3527Yield Yak | $36.73 | −2.67% | −36.37% | −33.76% | $367,299.99 | $367,299.99 | $37.56 | |||
3561 ABOND 3561ApeBond | $0.0005567 | −2.51% | −8.32% | −1.03% | $354,677.29 | $361,855.00 | $253.66 | |||
3631 GBEX 3631Globiance Exchange | $0.0₈897 | −2.15% | −7.08% | 7.86% | $330,357.24 | $448,500.00 | $1.50 | |||
3894 BSW 3894Biswap | $0.0003785 | −1.05% | −4.35% | −1.62% | $259,772.84 | $248,103.90 | $468.80 | |||
3927 KUMA 3927Kuma | $0.0002454 | 27.22% | −51.06% | −73.77% | $245,400.00 | $251,900.00 | $74,910.36 | |||
3985 BELT 3985Belt | $0.02528 | −1.21% | −3.90% | −1.52% | $241,427.08 | $241,427.08 | $2.17 | |||
3988 CYPH 3988Cypher | $0.001784 | −1.17% | −4.16% | −6.27% | $240,146.88 | $1.78 M | $109.72 | |||
3995 NOM 3995Onomy Protocol | $0.001777 | −4.16% | −21.56% | 9.93% | $239,239.27 | $301,496.82 | $12,344.69 | |||
4044 POSI 4044Position Token | $0.002516 | −0.69% | −0.08% | 2.08% | $230,968.80 | $230,968.80 | $91.52 | |||
4150 ACSI 4150ACryptoSI | $0.125 | 0.00% | −1.58% | −3.81% | $208,919.86 | $208,919.86 | $2.91 | |||
4181 BXX 4181Baanx | $0.0008194 | −2.05% | −14.55% | −20.21% | $202,568.00 | $204,850.00 | $32.70 | |||
4240 BOO 4240SpookySwap [Old] | $0.02655 | 2.66% | 37.85% | 95.75% | $192,732.01 | $192,732.01 | $860.39 | |||
4296 SI 4296Siren | $0.002759 | −9.87% | −20.48% | −25.18% | $184,461.00 | $275,900.00 | $1.28 | |||
4331 BANANA 4331ApeSwap | $0.0004893 | −4.25% | −8.25% | −4.25% | $180,013.19 | $180,013.19 | $1.06 | |||
4374 MARCO 4374Melega | $0.000227 | −2.14% | −9.30% | −21.71% | $173,630.28 | $211,109.72 | $111.11 | |||
4398 SBR 4398Saber | $0.00006398 | −8.43% | −17.17% | −16.33% | $170,051.93 | $6,277.18 | $2,553.72 | |||
4493 XSP 4493XSwap Protocol | $0.00006607 | −5.27% | −10.86% | −7.70% | $158,371.10 | $858,910.00 | $1,979.24 | |||
4716 ASH 4716AshSwap | $0.0002932 | −3.55% | −10.36% | −11.66% | $129,854.41 | $293,200.00 | $37.19 | |||
4785 VOLT 4785Voltage Finance | $0.00001408 | −2.09% | −14.49% | −12.83% | $122,884.91 | $121,178.20 | $103.54 | |||
4959 WOM 4959Wombat Exchange | $0.0004789 | −9.95% | −23.73% | −11.68% | $106,594.28 | $478,900.00 | $1,657.09 | |||
5020 BAKE 5020BakerySwap | $0.0003508 | −15.02% | 30.86% | 66.84% | $101,651.33 | $101,651.33 | $1,340.97 | |||
5021 ELX 5021Elixir | $0.0002164 | −20.10% | −53.56% | −78.82% | $95,012.88 | $231,400.00 | $2,458.85 | |||
5138 UBE 5138Ubeswap | $0.0005036 | 0.61% | −10.32% | 18.95% | $94,394.75 | $125,900.00 | $2,204.49 | |||
5169 GRAY 5169Gradient | $0.009177 | −1.48% | −2.87% | −10.40% | $91,770.00 | $91,770.00 | $20.84 | |||
5358 MMF 5358MMFinance (Cronos) | $0.00008128 | −2.04% | −3.72% | −1.32% | $79,518.40 | $78,034.47 | $466.60 | |||
5385 BOO 5385SpookySwap | $0.01073 | −4.38% | 32.70% | 142.74% | $77,891.32 | $77,891.32 | $142.35 | |||
5666 ZF 5666zkSwap Finance | $0.00009118 | −2.51% | −3.13% | −41.70% | $62,744.37 | $91,180.00 | $7.71 | |||
5863 LUA 5863LuaSwap | $0.0002484 | −1.03% | −3.92% | −1.42% | $53,905.98 | $68,931.29 | $1.13 | |||
6005 O3 6005O3 Swap | $0.000856 | −0.62% | −3.54% | −13.21% | $48,644.38 | $85,501.25 | $85.95 | |||
6032 CANDY 6032Bored Candy City | $0.000202 | −8.69% | −18.81% | −3.87% | $47,866.03 | $47,866.03 | $150.10 | |||
6158 DFP2 6158DefiPlaza | $0.0006526 | 103.61% | 53.30% | 13.10% | $43,535.92 | $43,535.92 | $15.19 | |||
6160 WASP 6160WanSwap [OLD] | $0.0002135 | 0.08% | −1.28% | −2.88% | $43,457.27 | $44,835.00 | $1.33 | |||
6210 BSCS 6210BSCS | $0.0001546 | −1.93% | −12.08% | −43.56% | $41,735.40 | $60,687.30 | $16.90 | |||
6414 OBS 6414Obsidium | $0.002527 | −0.03% | −0.01% | −0.02% | $36,641.50 | $36,641.50 | $6,697.58 | |||
6419 CSWAP 6419CrossSwap | $0.001818 | −65.17% | −67.15% | −8.56% | $36,360.00 | $36,360.00 | $1.93 | |||
6456 ZERO 64560.exchange | $0.00009397 | −0.52% | −4.12% | −2.63% | $35,238.75 | $53,008.47 | $12.89 | |||
6795 BURGER 6795Burger Swap | $0.0006459 | −1.46% | 2.03% | −6.16% | $27,796.84 | $27,796.84 | $4.71 | |||
6842 XLD 6842Xcel Defi | $0.0004658 | −1.08% | −3.62% | −14.81% | $26,969.32 | $51,066.62 | $12.74 | |||
6995 SATX 6995$SATX | $0.00000441 | 1.59% | 1.32% | −30.32% | $24,069.77 | $36,739.79 | $7.14 | |||
7093 INX 7093Ionex Token | $0.0008346 | −0.04% | −2.27% | −35.84% | $22,259.31 | $83,460.00 | $4.56 | |||
7350 LTX 7350Lattice Token | $0.0006352 | −3.06% | −41.11% | −86.30% | $18,200.95 | $63,520.00 | $7.29 | |||
7388 NRV 7388Nerve Finance | $0.0003838 | −0.06% | −14.68% | −7.01% | $17,746.05 | $38,380.00 | $18.37 | |||
7811 SYNTH 7811Synthswap | $0.05918 | −1.35% | −4.95% | −9.54% | $12,933.31 | $14,795.00 | $1.73 |
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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.