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AMM

Market Cap

$6.30 B

0.06%

Dominance

0.11%

−0.17%

24h M.Cap Change

0.06%

24h Change

7d M.Cap Change

−1.15%

7d Change

Gainers/Losers

77 (50.00%)


31 UNI 31 Uniswap	$3.78	2.13%	3.28%	29.11%	$2.37 B	$3.39 B	$116.35 M
38 ASTER 38 Aster	$0.612	−1.55%	−1.88%	−1.90%	$1.65 B	$4.78 B	$34.54 M
80 CAKE 80 PancakeSwap	$1.38	1.22%	−1.43%	2.39%	$444.86 M	$461.86 M	$19.89 M
81 AERO 81 Aerodrome	$0.4226	−2.63%	−5.44%	−9.93%	$411.28 M	$821.25 M	$358.23 M
91 CRV 91 Curve DAO	$0.2089	−0.33%	−2.39%	10.31%	$321.12 M	$503.24 M	$15.81 M
115 PENDLE 115 Pendle	$1.45	−2.39%	−10.30%	13.71%	$248.92 M	$408.21 M	$21.42 M
151 RAY 151 Raydium	$0.5982	0.26%	−15.14%	−3.12%	$161.40 M	$332.61 M	$10.17 M
199 1INCH 199 1INCH	$0.082	−0.72%	0.02%	19.52%	$115.95 M	$123.17 M	$10.33 M
278 COW 278 CoW Protocol	$0.1221	−4.96%	−11.02%	−16.81%	$70.51 M	$122.20 M	$2.70 M
283 ORCA 283 Orca	$1.15	0.00%	−2.54%	−2.54%	$69.92 M	$86.25 M	$9.58 M
405 SUSHI 405 SushiSwap	$0.15	−3.31%	−10.39%	0.13%	$43.05 M	$43.76 M	$6.42 M
422 VVS 422 VVS Finance	$0.0₅96	0.38%	−6.02%	1.39%	$41.81 M	$91.31 M	$33,088.00
591 BNT 591 Bancor Network	$0.2755	0.37%	−1.57%	10.31%	$29.32 M	$29.32 M	$627,337.92
616 FLIP 616 Chainflip	$0.3089	0.70%	8.07%	6.59%	$27.38 M	$27.64 M	$40,555.00
648 VRSC 648 Verus	$0.3021	6.90%	−50.41%	−14.56%	$24.36 M	$25.24 M	$89.65
696 KNC 696 Kyber Network Crystal	$0.104	−1.60%	−5.35%	−4.46%	$21.74 M	$25.04 M	$3.04 M
699 OSMO 699 Osmosis	$0.0274	2.15%	−16.43%	−23.19%	$21.71 M	$27.06 M	$2.36 M
795 STON 795 STON	$0.4706	−3.62%	−9.65%	−10.30%	$17.62 M	$47.06 M	$17,520.60
823 CETUS 823 Cetus Protocol	$0.01715	−0.66%	−10.78%	2.44%	$16.42 M	$17.17 M	$1.57 M
839 FUL 839 Fulcrom	$0.0009575	1.04%	−4.25%	14.98%	$16.00 M	$19.15 M	$918.62
842 VELO 842 Velodrome Finance	$0.01741	−2.87%	−7.77%	−5.60%	$15.93 M	$44.43 M	$1.80 M
870 WET 870 HumidiFi	$0.06542	4.27%	−4.52%	7.27%	$15.05 M	$65.42 M	$954,186.27
876 AQUA 876 Aquarius	$0.0003383	0.17%	−9.21%	−0.03%	$14.86 M	$33.82 M	$95,614.00
971 SAUCE 971 SaucerSwap	$0.013	1.05%	−3.08%	−8.25%	$11.92 M	$11.92 M	$50,603.00
1075 MAV 1075 Maverick Protocol	$0.00813	−7.03%	−7.52%	−12.71%	$9.57 M	$16.32 M	$1.37 M
1098 DOLO 1098 Dolomite	$0.02074	−4.17%	−7.68%	−9.28%	$9.16 M	$20.71 M	$4.05 M
1183 BAL 1183 Balancer	$0.1134	−3.91%	−20.27%	25.14%	$7.91 M	$8.21 M	$168,444.40
1189 HFT 1189 Hashflow	$0.009199	−4.42%	1.86%	6.95%	$7.82 M	$9.18 M	$1.10 M
1281 THE 1281 THENA	$0.0492	−3.25%	−10.24%	−10.95%	$6.59 M	$14.06 M	$3.50 M
1295 ANY 1295 Anyswap	$0.4865	0.50%	−0.73%	1.74%	$6.41 M	$48.65 M	$2.43
1297 GTC 1297 Gitcoin	$0.07372	−0.16%	6.11%	5.20%	$6.41 M	$7.32 M	$5.35 M
1325 QUICK 1325 Quickswap [OLD]	$9.07	0.44%	−6.80%	0.22%	$6.03 M	$8.14 M	$2,250.96
1362 SDEX 1362 SmarDex	$0.0005681	0.32%	−1.33%	−23.85%	$5.57 M	$5.68 M	$8,006.69
1392 QUICK 1392 Quickswap	$0.0078	3.41%	−2.39%	2.93%	$5.20 M	$7.01 M	$106,155.95
1431 EKUBO 1431 Ekubo	$0.4792	0.15%	6.62%	0.86%	$4.79 M	$4.79 M	$3,540.48
1808 KYO 1808 Kyo	$0.01541	1.15%	1.12%	−0.49%	$2.52 M	$3.08 M	$3.03 M
2016 FOREST 2016 Forest Protocol	$0.02298	0.83%	3.62%	5.45%	$1.86 M	$22.98 M	$91,620.51
2069 KDK 2069 Kodiak Finance	$0.1165	0.53%	−5.00%	−15.22%	$1.72 M	$11.65 M	$36,888.00
2086 MTA 2086 mStable Governance: Meta	$0.03035	1.32%	−2.19%	0.26%	$1.68 M	$3.04 M	$11.93
2104 GS 2104 GammaSwap	$0.004523	0.10%	−11.44%	14.74%	$1.63 M	$7.24 M	$217.49
2129 SWAP 2129 HyperSwap	$0.02292	−3.68%	−17.07%	−23.89%	$1.57 M	$2.11 M	$610.11
2208 PERP 2208 Perpetual Protocol	$0.01992	0.15%	1.10%	8.99%	$1.45 M	$2.99 M	$49,360.47
2362 SPECTRA 2362 Spectra	$0.002553	−36.09%	−3.67%	7.09%	$1.21 M	$1.13 M	$733.61
2384 KUMA 2384 Kuma	$0.001181	−6.03%	−3.29%	−15.45%	$1.18 M	$1.18 M	$49,534.47
2424 KNCL 2424 Kyber Network Crystal Legacy	$0.1043	−1.32%	−5.31%	−4.91%	$1.13 M	$21.93 M	$14,477.88
2428 XPM 2428 XPMarket	$0.00506	2.64%	−4.90%	−0.59%	$1.12 M	$2.53 M	$18,766.54
2460 ALEX 2460 ALEX Lab	$0.001787	−0.35%	−7.95%	−2.27%	$1.08 M	$1.08 M	$154,160.06
2505 CREAM 2505 Cream	$0.4341	−2.95%	−7.47%	−3.23%	$1.01 M	$1.27 M	$19.41
2528 MEX 2528 xExchange	$0.0₅24	−2.59%	−9.19%	7.93%	$978,016.75	$962,007.26	$992.72
2641 HYDX 2641 Hydrex	$0.01943	−6.68%	20.81%	−36.37%	$861,020.10	$1.89 M	$13,365.05
2655 LIGHT 2655 Light	$0.001261	0.07%	−7.94%	3.03%	$848,811.49	$1.16 M	$0.026717
2692 SBR 2692 Saber	$0.0003632	−0.01%	−4.51%	−23.11%	$815,484.10	$35,634.15	$983.60
2739 BXX 2739 Baanx	$0.003064	−0.95%	2.70%	−5.61%	$757,466.88	$766,000.00	$705.94
2764 SUDO 2764 sudoswap	$0.02925	14.76%	−1.35%	13.88%	$742,939.25	$1.70 M	$215.15
2903 TURBOS 2903 Turbos Finance	$0.00009743	6.08%	−2.01%	11.19%	$644,986.60	$974,299.99	$29,512.86
3021 THL 3021 Thala	$0.007835	−1.99%	−3.48%	−3.62%	$557,827.85	$783,500.00	$2,691.87
3062 ZSWAP 3062 Zygoswap	$0.0005419	9.51%	38.53%	−0.88%	$530,520.10	$530,520.10	$459,647.03
3116 BLACK 3116 Blackhole	$0.002075	−2.99%	−12.60%	−42.71%	$501,991.38	$507,620.36	$9,928.78
3195 AARK 3195 Aark Digital	$0.0007601	−6.16%	−11.04%	−20.73%	$463,276.51	$520,889.18	$8,361.31
3429 GBEX 3429 Globiance Exchange	$0.0₈982	−2.48%	−5.39%	−1.43%	$361,661.99	$490,999.99	$101.44
3501 WRT 3501 WingRiders	$0.003507	5.34%	−5.27%	13.71%	$335,720.54	$350,700.00	$596.22
3503 ANB 3503 Angryb	$0.0₅43	1.57%	−1.69%	10.64%	$334,411.00	$334,411.00	$447.34
3515 ELX 3515 Elixir	$0.001268	−4.60%	−2.16%	−16.60%	$328,754.63	$1.27 M	$2,211.92
3519 TUNA 3519 DeFituna	$0.001166	3.10%	13.12%	−36.76%	$328,229.00	$1.17 M	$359.40
3541 LTX 3541 Lattice Token	$0.01116	1.02%	−0.44%	9.30%	$319,777.47	$1.12 M	$52,074.00
3610 CYPH 3610 Cypher	$0.002651	0.17%	−10.65%	−0.31%	$300,249.01	$2.65 M	$995.35
3713 BELT 3713 Belt	$0.02844	0.53%	−0.82%	−0.41%	$271,605.46	$271,605.46	$19.82
3765 ABOND 3765 ApeBond	$0.0004083	0.38%	−11.97%	−15.82%	$260,100.29	$265,395.00	$64.53
3789 ZF 3789 zkSwap Finance	$0.0003948	−0.11%	−5.32%	4.28%	$255,773.58	$394,800.00	$21,217.00
3810 MARCO 3810 Melega	$0.000348	−0.98%	−7.20%	−19.67%	$251,644.94	$323,639.58	$159.09
3853 YAK 3853 Yield Yak	$23.95	−7.93%	−47.13%	−41.76%	$239,500.00	$239,500.00	$4,093.08
3870 BSW 3870 Biswap	$0.0003401	0.09%	−2.91%	3.98%	$233,418.08	$222,932.99	$841.26
3971 ACSI 3971 ACryptoSI	$0.1255	0.00%	−2.90%	2.58%	$209,755.54	$209,755.54	$7.46
4055 NOM 4055 Onomy Protocol	$0.001428	−4.00%	−7.00%	1.84%	$192,253.05	$242,283.32	$26,093.59
4104 XSP 4104 XSwap Protocol	$0.00007713	5.05%	12.83%	32.50%	$184,882.14	$1.00 M	$1,331.19
4105 BAKE 4105 BakerySwap	$0.0006374	−4.98%	−12.09%	−9.92%	$184,699.45	$184,699.45	$541.73
4171 ASTRO 4171 Astroport	$0.0004079	16.10%	94.34%	29.33%	$172,809.72	$448,690.00	$3,596.95
4281 POSI 4281 Position Token	$0.00172	0.59%	−1.02%	0.66%	$157,896.00	$157,896.00	$349.86
4377 WOM 4377 Wombat Exchange	$0.0006517	−0.89%	1.39%	−5.05%	$145,056.37	$651,700.00	$23.64
4383 ABX 4383 Aborean	$0.0005219	−2.51%	−30.10%	−43.86%	$144,683.20	$564,577.51	$1,773.93
4479 4479 Grix	$0.001146	−0.18%	−0.18%	2.24%	$132,608.58	$1.15 M	$1.46
4487 DFP2 4487 DefiPlaza	$0.00198	9.20%	25.75%	27.87%	$132,088.75	$132,088.75	$476.17
4643 ASH 4643 AshSwap	$0.0002665	−3.50%	−12.68%	3.24%	$115,364.33	$266,500.00	$19.96
4725 GRAY 4725 Gradient	$0.01099	0.39%	−12.29%	−39.11%	$109,900.00	$109,900.00	$46.18
4901 BOO 4901 SpookySwap [Old]	$0.01323	−3.45%	14.45%	−4.95%	$96,039.34	$96,039.34	$11.41
5106 BSCS 5106 BSCS	$0.0003023	0.46%	−0.12%	−0.36%	$81,608.11	$118,666.06	$3.65
5187 MMF 5187 MMFinance (Cronos)	$0.00007859	−0.54%	−3.87%	1.33%	$76,886.70	$75,451.89	$268.46
5245 VOLT 5245 Voltage Finance	$0.00000849	0.36%	−2.19%	−4.29%	$74,097.51	$73,068.39	$2.41
5688 UBE 5688 Ubeswap	$0.0003128	−2.21%	−23.04%	−16.40%	$51,722.81	$78,200.00	$2,086.26
5907 WASP 5907 WanSwap [OLD]	$0.0002148	1.50%	−2.77%	−1.56%	$43,721.88	$45,108.00	$9.63
5933 O3 5933 O3 Swap	$0.0007575	−13.48%	−14.93%	−0.58%	$43,046.86	$75,662.61	$0.03
6008 CANDY 6008 Bored Candy City	$0.0001743	−0.54%	−6.51%	2.52%	$40,731.48	$40,731.48	$7.38
6092 BOO 6092 SpookySwap	$0.005272	−2.09%	−32.79%	−36.76%	$38,270.55	$38,270.55	$1.13
6243 INX 6243 Ionex Token	$0.001273	−1.96%	−0.23%	−4.83%	$33,951.72	$127,300.00	$24.06
6450 ZERO 6450 0.exchange	$0.00007687	2.18%	−0.43%	18.70%	$28,826.25	$43,362.36	$2.69
6950 NRV 6950 Nerve Finance	$0.0004204	−1.52%	−6.27%	−4.14%	$19,438.35	$42,040.00	$12.60
6972 NILE 6972 Nile	$0.004254	−0.28%	−3.09%	9.13%	$19,160.94	$64,482.24	$1.41
7193 OBS 7193 Obsidium	$0.002526	−0.03%	−0.06%	0.03%	$15,986.83	$36,627.00	$6,537.25
7267 SAIL 7267 Full Sail	$0.00005801	−2.65%	−9.79%	−40.58%	$15,084.36	$124,236.34	$78.39
7704 COFI 7704 CoFiX	$0.0007853	1.77%	−1.41%	0.56%	$10,568.21	$10,568.21	$13.57

Showing 1 — 100 out of 154

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.