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AMM

Market Cap

$9.35 B

−4.22%

Dominance

0.36%

−0.01%

24h M.Cap Change

−4.22%

24h Change

7d M.Cap Change

−1.91%

7d Change

Gainers/Losers

66 (48.18%)

71 (51.82%)


22 UNI 22 Uniswap	$6.88	0.58%	−0.49%	−19.73%	$4.29 B	$6.10 B	$208.57 M
42 ASTER 42 Aster	$0.6822	−1.82%	−0.42%	−6.69%	$1.89 B	$5.31 B	$50.86 M
77 AERO 77 Aerodrome	$0.6019	0.16%	−1.16%	−25.29%	$648.23 M	$1.29 B	$25.25 M
80 CAKE 80 PancakeSwap	$1.91	0.52%	2.05%	−19.33%	$628.28 M	$649.02 M	$47.56 M
87 RAY 87 Raydium	$1.81	7.70%	15.08%	−17.06%	$491.09 M	$1.01 B	$19.65 M
91 CRV 91 Curve DAO	$0.2626	1.79%	−7.45%	−27.69%	$415.72 M	$640.12 M	$39.13 M
116 PENDLE 116 Pendle	$1.66	−0.32%	−6.50%	−29.54%	$289.42 M	$470.15 M	$39.62 M
202 1INCH 202 1INCH	$0.0782	−2.15%	−0.98%	−24.14%	$111.56 M	$117.50 M	$19.81 M
234 ORCA 234 Orca	$1.37	2.86%	−11.63%	−54.36%	$83.29 M	$102.75 M	$3.33 M
279 COW 279 CoW Protocol	$0.1109	−1.44%	−2.53%	−27.24%	$64.02 M	$111.40 M	$2.30 M
317 SUSHI 317 SushiSwap	$0.1833	0.46%	−3.91%	−26.90%	$52.58 M	$53.61 M	$1.58 M
439 VVS 439 VVS Finance	$0.0₅79	1.64%	−2.91%	−26.72%	$34.40 M	$75.14 M	$41,445.00
477 STON 477 STON	$0.444	−0.69%	−7.16%	−25.65%	$31.29 M	$44.40 M	$7,162.48
529 FLIP 529 Chainflip	$0.3324	2.92%	11.07%	8.24%	$28.86 M	$28.80 M	$54,787.69
534 BNT 534 Bancor Network	$0.2784	−0.83%	−2.29%	−18.50%	$28.25 M	$28.24 M	$1.10 M
549 OSMO 549 Osmosis	$0.0394	−6.91%	−20.40%	12.85%	$27.32 M	$35.48 M	$1.46 M
624 KNC 624 Kyber Network Crystal	$0.1062	0.33%	−10.39%	−26.53%	$22.23 M	$25.70 M	$1.32 M
682 CETUS 682 Cetus Protocol	$0.02001	1.91%	−2.83%	−27.47%	$19.31 M	$20.06 M	$1.93 M
764 GTC 764 Gitcoin	$0.1816	−13.25%	−12.20%	17.71%	$15.89 M	$18.15 M	$6.00 M
838 VRSC 838 Verus	$0.1631	1.60%	−12.43%	−14.49%	$13.22 M	$13.63 M	$25.93
870 VELO 870 Velodrome Finance	$0.02654	−0.24%	−1.37%	−24.84%	$12.51 M	$70.59 M	$28,576.00
879 FUL 879 Fulcrom	$0.0007436	3.84%	−5.61%	−29.16%	$12.42 M	$14.87 M	$709.68
920 AQUA 920 Aquarius	$0.0002601	−0.18%	−6.88%	−27.14%	$11.61 M	$26.00 M	$142,457.00
962 EKUBO 962 Ekubo	$1.06	2.21%	−12.23%	−1.21%	$10.60 M	$10.60 M	$17,492.19
1010 DOLO 1010 Dolomite	$0.02241	2.41%	0.05%	−26.72%	$9.90 M	$22.39 M	$3.19 M
1014 MAV 1014 Maverick Protocol	$0.00784	2.20%	−10.59%	−35.27%	$9.78 M	$15.69 M	$616,568.21
1038 WET 1038 HumidiFi	$0.05384	1.82%	3.97%	−16.25%	$9.19 M	$54.06 M	$827,103.28
1062 SAUCE 1062 SaucerSwap	$0.009461	−1.15%	−9.98%	−28.61%	$8.80 M	$8.80 M	$53,168.00
1100 BAL 1100 Balancer	$0.1184	0.53%	−2.59%	−10.89%	$8.26 M	$8.57 M	$190,737.00
1136 ANY 1136 Anyswap	$0.5778	0.31%	−1.30%	−12.20%	$7.62 M	$57.78 M	$2.31
1177 QUICK 1177 Quickswap [OLD]	$10.70	−1.56%	−1.47%	−17.02%	$7.11 M	$9.47 M	$11,025.39
1218 SDEX 1218 SmarDex	$0.0006699	−1.22%	36.42%	57.67%	$6.57 M	$6.70 M	$11,616.80
1338 KYO 1338 Kyo	$0.03115	−24.53%	8.35%	81.57%	$5.10 M	$6.23 M	$11,662.56
1363 THE 1363 THENA	$0.0365	0.24%	−23.15%	−50.84%	$4.86 M	$10.45 M	$6.87 M
1401 HFT 1401 Hashflow	$0.004803	1.90%	−1.55%	−27.51%	$4.54 M	$4.79 M	$1.53 M
1712 QUICK 1712 Quickswap	$0.004174	0.75%	12.10%	−63.70%	$2.69 M	$3.69 M	$58,180.31
1793 PERP 1793 Perpetual Protocol	$0.01809	0.26%	−4.03%	−13.53%	$2.39 M	$2.71 M	$23,965.35
1827 FOREST 1827 Forest Protocol	$0.02755	7.84%	−19.76%	24.13%	$2.23 M	$27.65 M	$150,810.27
1906 MEX 1906 xExchange	$0.0₅49	−0.38%	−3.43%	−24.67%	$2.00 M	$1.96 M	$2,487.76
1925 SPECTRA 1925 Spectra	$0.004013	15.98%	23.62%	−27.11%	$1.93 M	$1.77 M	$6,143.95
1944 ALEX 1944 ALEX Lab	$0.003109	−4.36%	−12.68%	−42.60%	$1.89 M	$1.88 M	$65,445.56
2005 MTA 2005 mStable Governance: Meta	$0.03088	0.84%	0.18%	2.35%	$1.71 M	$3.09 M	$336.87
2173 SWAP 2173 HyperSwap	$0.01892	3.82%	−5.32%	−28.04%	$1.34 M	$1.75 M	$6,040.66
2213 CREAM 2213 Cream	$0.4519	19.87%	−3.77%	−5.68%	$1.28 M	$1.32 M	$179.77
2298 KNCL 2298 Kyber Network Crystal Legacy	$0.1064	−0.01%	−10.47%	−26.63%	$1.15 M	$22.37 M	$5,283.60
2315 KDK 2315 Kodiak Finance	$0.07662	−1.27%	−4.33%	−19.54%	$1.13 M	$7.63 M	$8,662.74
2430 GS 2430 GammaSwap	$0.002222	−1.67%	2.47%	−5.18%	$964,217.45	$3.56 M	$5.31
2449 HYDX 2449 Hydrex	$0.01881	−0.07%	−2.05%	−33.81%	$938,863.90	$2.08 M	$3,100.04
2568 BLACK 2568 Blackhole	$0.002548	−4.09%	−1.69%	−56.56%	$811,718.98	$822,680.63	$6,447.19
2814 TURBOS 2814 Turbos Finance	$0.00009263	2.09%	−5.56%	−37.44%	$613,210.60	$928,400.00	$30,061.17
2878 LIGHT 2878 Light	$0.0008177	−0.27%	−12.80%	−48.28%	$572,882.39	$752,147.65	$0.00001354
2884 ZSWAP 2884 Zygoswap	$0.0005819	−3.00%	−5.09%	−13.40%	$569,680.10	$569,680.10	$30,235.00
3014 THL 3014 Thala	$0.006514	−0.14%	2.95%	−37.24%	$492,492.52	$651,400.00	$86.10
3144 AARK 3144 Aark Digital	$0.0006756	3.03%	0.09%	−23.38%	$421,637.83	$473,772.27	$10,741.86
3161 TUNA 3161 DeFituna	$0.001466	−3.99%	−25.41%	−31.79%	$412,679.00	$1.47 M	$4,861.93
3277 ANB 3277 Angryb	$0.0₅47	−0.60%	−0.84%	−10.09%	$365,519.00	$365,519.00	$264.60
3289 YAK 3289 Yield Yak	$36.04	8.43%	3.74%	−43.44%	$360,400.00	$360,400.00	$155.84
3348 ABOND 3348 ApeBond	$0.0005356	1.26%	1.86%	−11.64%	$341,234.34	$348,140.00	$197.05
3440 WRT 3440 WingRiders	$0.003254	0.28%	−5.13%	−41.33%	$314,061.91	$325,400.00	$1,087.50
3656 GBEX 3656 Globiance Exchange	$0.0₈689	2.76%	−3.55%	−8.34%	$253,752.66	$344,500.00	$71.07
3720 BSW 3720 Biswap	$0.000347	0.24%	−1.16%	−15.50%	$238,153.70	$227,455.86	$420.68
3742 BELT 3742 Belt	$0.02424	−0.43%	−0.91%	−11.82%	$231,494.95	$231,494.95	$27.96
3880 NOM 3880 Onomy Protocol	$0.001516	6.70%	−2.60%	−34.00%	$204,100.58	$257,213.94	$50,378.30
3946 BXX 3946 Baanx	$0.0007824	−0.22%	16.11%	−23.80%	$193,421.04	$195,600.00	$187.88
4010 KUMA 4010 Kuma	$0.0001815	1.25%	−17.48%	−80.07%	$181,500.00	$181,100.00	$541.26
4025 ACSI 4025 ACryptoSI	$0.1072	0.99%	−3.27%	−21.88%	$179,169.67	$179,169.67	$2.70
4041 POSI 4041 Position Token	$0.001924	−2.44%	−22.79%	−25.23%	$176,623.19	$176,623.19	$1,066.00
4126 MARCO 4126 Melega	$0.000215	0.77%	−0.37%	−22.47%	$164,451.50	$199,949.74	$24.72
4207 SI 4207 Siren	$0.002324	−0.40%	−9.94%	−37.70%	$155,377.80	$232,400.00	$2.51
4255 BOO 4255 SpookySwap [Old]	$0.02065	2.90%	−5.12%	6.61%	$149,902.68	$149,902.68	$16.64
4462 XSP 4462 XSwap Protocol	$0.00005188	3.24%	−18.82%	−17.05%	$124,357.39	$674,440.00	$1,125.49
4542 SBR 4542 Saber	$0.0000436	0.10%	8.70%	−55.08%	$115,884.09	$4,277.66	$895.96
4579 ELX 4579 Elixir	$0.0002558	−5.01%	−10.42%	−79.68%	$112,311.90	$253,800.00	$1,410.17
4635 ASH 4635 AshSwap	$0.0002389	−0.21%	−4.93%	−34.32%	$105,805.65	$238,900.00	$38.57
4741 CSWAP 4741 CrossSwap	$0.004849	0.30%	−1.24%	−12.37%	$96,980.00	$96,980.00	$63.43
4885 BAKE 4885 BakerySwap	$0.0003	1.93%	−7.86%	26.27%	$86,931.01	$86,931.01	$2,565.46
4901 UBE 4901 Ubeswap	$0.0004546	9.27%	10.28%	−19.93%	$86,008.25	$113,650.00	$2,712.42
4990 GRAY 4990 Gradient	$0.008027	−6.91%	0.09%	−25.25%	$80,270.00	$80,270.00	$123.28
5099 MMF 5099 MMFinance (Cronos)	$0.00007507	1.32%	−0.52%	−16.27%	$73,442.99	$72,072.44	$590.93
5169 VOLT 5169 Voltage Finance	$0.00000792	−2.46%	−22.18%	−49.65%	$69,122.76	$68,162.74	$35.51
5404 WOM 5404 Wombat Exchange	$0.0002609	−0.57%	−6.24%	−51.65%	$58,071.51	$260,900.00	$2,261.79
5407 BOO 5407 SpookySwap	$0.007991	12.98%	16.20%	−6.91%	$58,008.34	$58,008.34	$100.48
5607 LUA 5607 LuaSwap	$0.0002313	0.42%	−0.81%	−12.81%	$50,195.06	$64,186.02	$1.83
5833 CANDY 5833 Bored Candy City	$0.0001782	1.07%	−0.87%	−33.88%	$42,495.13	$42,495.13	$1.96
6020 OBS 6020 Obsidium	$0.002527	0.00%	−0.01%	−0.10%	$36,641.50	$36,641.50	$6,589.15
6039 WASP 6039 WanSwap [OLD]	$0.000178	−0.75%	−9.77%	−21.65%	$36,231.36	$37,380.00	$17.22
6429 BSCS 6429 BSCS	$0.0001031	−1.99%	−3.54%	−45.31%	$27,832.59	$40,471.28	$48.98
6485 DFP2 6485 DefiPlaza	$0.0004053	21.06%	76.43%	−13.37%	$27,038.16	$27,038.16	$33.29
6529 XLD 6529 Xcel Defi	$0.0004529	0.29%	0.51%	−9.27%	$26,222.42	$49,652.37	$1.36
6597 BURGER 6597 Burger Swap	$0.0005887	0.16%	13.21%	−8.43%	$25,335.19	$25,335.19	$1.77
6740 SATX 6740 $SATX	$0.00000421	−90.20%	7.70%	−10.09%	$22,978.17	$35,073.59	$49.78
6798 INX 6798 Ionex Token	$0.0008293	−2.12%	−2.59%	−12.91%	$22,117.96	$82,930.00	$9.76
7074 NRV 7074 Nerve Finance	$0.0003803	0.01%	−0.74%	−3.75%	$17,584.22	$38,030.00	$394.20
8053 ABX 8053 Aborean	$0.00002689	−0.99%	−5.98%	−60.59%	$8,522.13	$33,756.16	$1.50
8477 CRX 8477 Crodex	$0.06233	0.97%	0.07%	−27.53%	$6,233.00	$6,233.00	$1.43
8717 PRIVACY 8717 PrivacyDex	$0.00000486	−5.15%	−9.92%	−41.12%	$4,860.00	$4,860.00	$48.47
8807 AMARA 8807 AMARA	$0.00000437	0.00%	−3.37%	−17.32%	$4,370.00	$4,370.00	$14.05
9047 PTP 9047 Platypus Finance	$0.00007681	0.00%	2.16%	−3.90%	$3,182.74	$23,043.00	$0.10
9260 ZYB 9260 Zyberswap	$0.0002488	−0.08%	−0.22%	−12.68%	$1,398.88	$1,412.28	$1.52
9266 SOON 9266 SoonVerse	$0.00000956	−0.85%	−23.78%	−23.78%	$1,320.08	$5,831.60	$3.16

Showing 1 — 100 out of 137

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.