AMM
0.36%
0.03%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
20 UNI 20Uniswap | $7.04 | 1.08% | 36.67% | 74.93% | $4.39 B | $6.27 B | $297.14 M | |||
37 ASTER 37Aster | $0.787 | 1.21% | 13.40% | 31.58% | $2.13 B | $6.16 B | $135.91 M | |||
74 CAKE 74PancakeSwap | $2.20 | −0.22% | 17.97% | 56.87% | $704.40 M | $728.76 M | $49.90 M | |||
80 CRV 80Curve DAO | $0.3817 | 2.44% | 23.86% | 76.71% | $592.83 M | $922.45 M | $52.34 M | |||
86 AERO 86Aerodrome | $0.5403 | −1.62% | 12.57% | 24.25% | $533.12 M | $1.07 B | $35.53 M | |||
96 PENDLE 96Pendle | $2.08 | −2.76% | 18.86% | 52.21% | $358.44 M | $585.58 M | $55.71 M | |||
108 RAY 108Raydium | $1.20 | 8.39% | 54.21% | 94.79% | $326.11 M | $671.55 M | $257.91 M | |||
187 1INCH 1871INCH | $0.0954 | 1.00% | 7.81% | 14.38% | $134.84 M | $143.21 M | $24.69 M | |||
239 ORCA 239Orca | $1.54 | 14.32% | 20.26% | 41.47% | $93.69 M | $114.60 M | $74.22 M | |||
278 COW 278CoW Protocol | $0.1346 | 0.69% | 7.47% | 24.73% | $77.14 M | $133.80 M | $2.64 M | |||
305 SUSHI 305SushiSwap | $0.2386 | −0.78% | 22.61% | 45.02% | $68.44 M | $69.29 M | $35.66 M | |||
427 VVS 427VVS Finance | $0.0₅97 | 0.98% | −3.86% | 6.31% | $42.24 M | $92.26 M | $1.53 M | |||
498 FLIP 498Chainflip | $0.398 | −1.36% | −10.95% | 15.30% | $35.07 M | $35.40 M | $43,114.23 | |||
544 BNT 544Bancor Network | $0.3291 | 1.22% | 4.32% | 23.63% | $33.40 M | $33.40 M | $1.80 M | |||
558 STON 558STON | $0.4486 | 1.67% | 5.60% | 4.52% | $31.61 M | $44.86 M | $7,035.14 | |||
600 OSMO 600Osmosis | $0.0358 | −0.25% | 5.70% | 25.62% | $28.20 M | $34.80 M | $2.14 M | |||
630 KNC 630Kyber Network Crystal | $0.1245 | 5.18% | 8.03% | 20.50% | $26.05 M | $29.84 M | $11.77 M | |||
696 VELO 696Velodrome Finance | $0.02472 | −3.41% | 10.07% | 37.27% | $22.62 M | $64.26 M | $1.79 M | |||
700 CETUS 700Cetus Protocol | $0.02343 | 0.75% | 1.00% | 32.78% | $22.51 M | $23.44 M | $1.51 M | |||
739 FUL 739Fulcrom | $0.001235 | 4.68% | 4.86% | 29.44% | $20.63 M | $24.70 M | $2,399.69 | |||
753 VRSC 753Verus | $0.25 | −4.43% | 32.13% | 15.78% | $20.20 M | $20.89 M | $1,566.05 | |||
880 AQUA 880Aquarius | $0.0003599 | −2.29% | 3.63% | 7.19% | $15.82 M | $35.98 M | $325,048.00 | |||
969 MAV 969Maverick Protocol | $0.01135 | −0.05% | 5.42% | 33.83% | $13.31 M | $22.70 M | $682,932.39 | |||
976 SAUCE 976SaucerSwap | $0.01422 | −1.41% | 5.73% | 10.57% | $13.12 M | $13.12 M | $30,671.00 | |||
1022 DOLO 1022Dolomite | $0.0272 | 0.14% | 3.87% | 19.95% | $12.01 M | $27.16 M | $4.36 M | |||
1081 WET 1081HumidiFi | $0.06352 | 2.51% | 4.61% | −8.02% | $10.85 M | $63.55 M | $942,099.47 | |||
1139 THE 1139THENA | $0.0731 | −3.67% | 3.25% | 37.12% | $9.74 M | $20.86 M | $3.78 M | |||
1222 ANY 1222Anyswap | $0.6385 | −1.77% | 8.13% | 26.89% | $8.42 M | $63.85 M | $8.51 | |||
1276 BAL 1276Balancer | $0.1095 | −1.69% | −9.09% | 0.79% | $7.64 M | $7.92 M | $270,264.00 | |||
1314 GTC 1314Gitcoin | $0.08121 | −1.95% | −1.29% | −0.30% | $7.11 M | $8.12 M | $1.90 M | |||
1330 QUICK 1330Quickswap [OLD] | $10.35 | 0.00% | 0.19% | 13.47% | $6.88 M | $9.26 M | $4,993.17 | |||
1425 QUICK 1425Quickswap | $0.00897 | −2.07% | 1.44% | 12.42% | $5.93 M | $8.02 M | $177,403.37 | |||
1439 HFT 1439Hashflow | $0.006359 | −1.25% | −1.19% | −48.23% | $5.86 M | $6.34 M | $1.67 M | |||
1524 EKUBO 1524Ekubo | $0.5046 | −1.87% | 5.38% | 11.91% | $5.05 M | $5.05 M | $4,467.81 | |||
1578 SDEX 1578SmarDex | $0.000469 | −0.49% | −1.36% | −9.05% | $4.60 M | $4.68 M | $19,006.14 | |||
1902 PERP 1902Perpetual Protocol | $0.02067 | −0.98% | 1.00% | 5.24% | $2.73 M | $3.10 M | $169,254.32 | |||
1908 KYO 1908Kyo | $0.01655 | −0.74% | −2.07% | 4.75% | $2.71 M | $3.31 M | $1.16 M | |||
2068 FOREST 2068Forest Protocol | $0.0273 | −4.09% | −14.92% | 35.15% | $2.21 M | $27.42 M | $94,815.17 | |||
2094 SPECTRA 2094Spectra | $0.004435 | 21.73% | 15.74% | 55.85% | $2.12 M | $1.95 M | $7,324.49 | |||
2119 SWAP 2119HyperSwap | $0.0293 | 2.15% | −13.88% | 69.59% | $2.05 M | $2.72 M | $48,524.00 | |||
2219 ALEX 2219ALEX Lab | $0.003023 | −14.61% | −1.77% | 62.90% | $1.83 M | $1.81 M | $81,808.32 | |||
2243 CREAM 2243Cream | $0.6263 | −3.08% | −9.24% | 43.60% | $1.77 M | $1.83 M | $2,268.41 | |||
2262 MTA 2262mStable Governance: Meta | $0.0313 | −0.22% | 4.96% | 3.69% | $1.74 M | $3.13 M | $39.01 | |||
2329 MEX 2329xExchange | $0.0₅39 | −4.00% | 6.98% | 58.38% | $1.59 M | $1.55 M | $4,136.84 | |||
2369 KDK 2369Kodiak Finance | $0.1031 | 0.78% | −0.48% | −9.54% | $1.52 M | $10.31 M | $8,257.06 | |||
2479 GS 2479GammaSwap | $0.003161 | 2.36% | −18.58% | −26.34% | $1.35 M | $5.06 M | $15,322.69 | |||
2487 KNCL 2487Kyber Network Crystal Legacy | $0.1229 | 4.60% | 7.01% | 20.07% | $1.33 M | $25.84 M | $9,966.75 | |||
2545 HYDX 2545Hydrex | $0.025 | 6.69% | −7.25% | 63.52% | $1.24 M | $2.66 M | $145,649.00 | |||
2677 LIGHT 2677Light | $0.001508 | −5.36% | −5.41% | −26.62% | $1.05 M | $1.39 M | $20.04 | |||
2679 TUNA 2679DeFituna | $0.003727 | −15.36% | −7.10% | 136.14% | $1.05 M | $3.73 M | $1,663.90 | |||
2696 ZSWAP 2696Zygoswap | $0.001053 | −2.26% | 18.27% | 149.81% | $1.03 M | $1.03 M | $53,165.00 | |||
2736 SUDO 2736sudoswap | $0.0385 | 1.05% | 1.60% | 29.81% | $984,815.86 | $2.24 M | $71.83 | |||
2777 KUMA 2777Kuma | $0.000937 | 3.67% | 6.87% | 4.28% | $937,000.00 | $937,000.00 | $12,891.71 | |||
2946 YAK 2946Yield Yak | $77.30 | 2.38% | −6.98% | 191.72% | $773,000.00 | $773,000.00 | $240.05 | |||
3030 TURBOS 3030Turbos Finance | $0.00010692 | −10.15% | 3.43% | 0.47% | $707,810.40 | $1.07 M | $50,718.79 | |||
3058 BLACK 3058Blackhole | $0.002489 | 0.63% | 8.81% | 38.44% | $682,501.80 | $689,729.02 | $15,029.25 | |||
3112 AARK 3112Aark Digital | $0.001057 | 0.98% | −11.18% | 22.88% | $650,967.12 | $730,219.82 | $353.44 | |||
3130 THL 3130Thala | $0.008693 | 0.20% | 1.19% | 16.16% | $634,222.82 | $869,299.99 | $269.89 | |||
3357 ELX 3357Elixir | $0.001154 | 2.45% | −8.02% | −5.81% | $506,676.83 | $1.15 M | $4,066.52 | |||
3452 WRT 3452WingRiders | $0.004745 | 3.70% | 13.28% | 13.25% | $455,705.12 | $474,500.00 | $493.44 | |||
3609 ANB 3609Angryb | $0.0000005 | −0.71% | 0.56% | 16.21% | $388,850.00 | $388,850.00 | $359.74 | |||
3669 ABOND 3669ApeBond | $0.0005776 | 1.92% | 12.90% | 39.97% | $367,945.58 | $375,440.00 | $1,031.42 | |||
3708 BELT 3708Belt | $0.03671 | −1.20% | 7.85% | 24.46% | $350,584.97 | $350,584.97 | $2.27 | |||
3884 CYPH 3884Cypher | $0.002302 | −0.38% | −2.58% | −0.66% | $294,968.34 | $2.30 M | $228.12 | |||
3891 GBEX 3891Globiance Exchange | $0.0₈796 | 6.18% | 2.91% | −1.03% | $293,159.82 | $398,000.00 | $122.80 | |||
3927 BSW 3927Biswap | $0.0004104 | −2.60% | 6.90% | 14.62% | $281,666.51 | $269,014.11 | $1,104.02 | |||
3965 TEN 3965Teneo | $0.007209 | −1.20% | 8.81% | 1180.80% | $274,108.26 | $720,900.00 | $12.61 | |||
4065 SI 4065Siren | $0.003805 | −0.66% | 2.88% | 29.12% | $254,394.38 | $380,500.00 | $2.89 | |||
4082 BXX 4082Baanx | $0.001018 | −5.90% | −31.59% | −67.08% | $251,664.91 | $254,500.00 | $1,521.05 | |||
4111 SBR 4111Saber | $0.00009258 | −4.19% | −37.96% | −71.63% | $246,067.64 | $9,083.17 | $6,880.67 | |||
4159 NOM 4159Onomy Protocol | $0.00175 | −2.91% | 8.44% | 9.93% | $235,604.23 | $298,782.16 | $469,753.74 | |||
4170 MARCO 4170Melega | $0.0003247 | −1.07% | 7.56% | −3.43% | $234,796.07 | $301,970.61 | $160.49 | |||
4227 POSI 4227Position Token | $0.002433 | −3.81% | 1.83% | 38.74% | $223,349.40 | $223,349.40 | $327.35 | |||
4414 BANANA 4414ApeSwap | $0.0005169 | −0.57% | 3.69% | 1297483.31% | $190,167.21 | $190,167.21 | $1.46 | |||
4587 LTX 4587Lattice Token | $0.005851 | 0.58% | −20.18% | −43.44% | $167,653.94 | $585,100.00 | $14,774.98 | |||
4616 ASH 4616AshSwap | $0.000371 | −4.89% | 7.11% | 55.53% | $164,311.00 | $371,000.00 | $80.17 | |||
4623 GRAY 4623Gradient | $0.01639 | −2.25% | −6.56% | 37.49% | $163,899.99 | $163,899.99 | $440.74 | |||
4710 XSP 4710XSwap Protocol | $0.00006374 | 2.66% | 3.07% | 5.05% | $152,786.04 | $828,620.00 | $192.81 | |||
5083 WOM 5083Wombat Exchange | $0.0005244 | −0.65% | 3.09% | −18.26% | $116,721.74 | $524,400.00 | $1.57 | |||
5103 BAKE 5103BakerySwap | $0.0003977 | −15.93% | −47.86% | −48.14% | $115,241.55 | $115,241.55 | $11,087.02 | |||
5128 ABX 5128Aborean | $0.000384 | 1.53% | −25.42% | −4.77% | $113,284.53 | $443,337.46 | $1,400.04 | |||
5175 ZF 5175zkSwap Finance | $0.0001657 | −0.16% | 8.54% | −55.34% | $109,750.50 | $165,700.00 | $421.08 | |||
5223 CSWAP 5223CrossSwap | $0.005275 | −1.74% | 121.17% | 19.54% | $105,500.00 | $105,500.00 | $1.91 | |||
5349 BOO 5349SpookySwap [Old] | $0.01317 | −5.84% | 8.28% | −7.96% | $95,603.79 | $95,603.79 | $14.18 | |||
5373 BSCS 5373BSCS | $0.0003489 | −1.50% | 7.42% | 17.92% | $94,188.11 | $136,958.60 | $13.75 | |||
5497 VOLT 5497Voltage Finance | $0.00000991 | −6.34% | 37.31% | 10.24% | $86,490.73 | $85,289.48 | $19.48 | |||
5586 MMF 5586MMFinance (Cronos) | $0.00008199 | 0.47% | 1.95% | 6.03% | $80,213.01 | $78,716.12 | $207.14 | |||
5669 UBE 5669Ubeswap | $0.0004122 | −5.09% | 4.46% | 22.89% | $75,786.46 | $103,050.00 | $2,169.88 | |||
6041 LUA 6041LuaSwap | $0.0002653 | 0.18% | 1.96% | 2.68% | $57,573.50 | $73,621.06 | $1.14 | |||
6211 O3 6211O3 Swap | $0.0008915 | 0.22% | 1.22% | −3.52% | $50,661.76 | $89,047.15 | $1.51 | |||
6315 CANDY 6315Bored Candy City | $0.0002045 | 0.65% | −5.19% | 32.68% | $47,503.77 | $47,503.77 | $1.31 | |||
6696 OBS 6696Obsidium | $0.002529 | −0.01% | 0.01% | 0.06% | $36,670.50 | $36,670.50 | $6,810.31 | |||
6699 ZERO 66990.exchange | $0.00009762 | 0.35% | 2.48% | 28.89% | $36,607.50 | $55,067.44 | $2.61 | |||
6777 INX 6777Ionex Token | $0.001306 | −0.16% | 2.01% | 3.29% | $34,831.85 | $130,600.00 | $31.71 | |||
6819 BREW 6819CafeSwap | $0.001481 | 13628.39% | 9423.43% | 9423.43% | $33,955.04 | $34,990.86 | $19.90 | |||
6867 XLD 6867Xcel Defi | $0.0005691 | −1.55% | 6.58% | 19.14% | $32,950.28 | $62,391.62 | $8.89 | |||
6941 BURGER 6941Burger Swap | $0.0007247 | 5.49% | 12.96% | 36.33% | $31,188.06 | $31,188.06 | $137.96 | |||
7135 SATX 7135$SATX | $0.00000504 | −1.65% | −17.20% | 61.70% | $27,508.31 | $41,988.34 | $5.80 | |||
7245 LIEN 7245Lien | $0.07223 | 20.56% | 20.56% | −55.51% | $25,632.56 | $72,230.00 | $105.30 | |||
7712 NRV 7712Nerve Finance | $0.0004008 | −3.73% | −2.35% | −1.39% | $18,532.09 | $40,080.00 | $448.86 |
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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.