AMM
0.28%
0.01%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
32 UNI 32Uniswap | $3.32 | 5.75% | 18.17% | 32.48% | $2.07 B | $2.98 B | $133.33 M | |||
37 ASTER 37Aster | $0.621 | −0.07% | −1.75% | −0.22% | $1.67 B | $4.85 B | $25.85 M | |||
81 AERO 81Aerodrome | $0.5254 | −5.31% | 11.46% | 55.80% | $506.96 M | $1.02 B | $38.54 M | |||
84 CAKE 84PancakeSwap | $1.38 | −0.72% | 2.28% | 4.95% | $446.03 M | $463.05 M | $28.42 M | |||
107 CRV 107Curve DAO | $0.2018 | −0.96% | −1.27% | 1.28% | $308.27 M | $485.38 M | $17.04 M | |||
117 PENDLE 117Pendle | $1.50 | 2.45% | 2.44% | 19.20% | $257.38 M | $423.42 M | $22.74 M | |||
143 RAY 143Raydium | $0.6771 | −2.91% | 4.22% | 15.94% | $182.30 M | $375.68 M | $14.42 M | |||
220 1INCH 2201INCH | $0.0706 | 0.95% | 2.71% | −0.59% | $99.85 M | $106.08 M | $9.77 M | |||
262 COW 262CoW Protocol | $0.1368 | −1.06% | −6.04% | −1.45% | $79.09 M | $136.60 M | $2.98 M | |||
287 ORCA 287Orca | $1.19 | −2.44% | 0.00% | 17.99% | $72.96 M | $90.00 M | $13.86 M | |||
381 SUSHI 381SushiSwap | $0.1607 | 1.56% | 5.39% | −1.79% | $46.07 M | $46.82 M | $6.36 M | |||
410 VVS 410VVS Finance | $0.0₅98 | −0.37% | 0.81% | −8.22% | $42.68 M | $93.21 M | $18,839.39 | |||
532 VRSC 532Verus | $0.4083 | 2.95% | 9.13% | −8.51% | $32.88 M | $34.11 M | $413.58 | |||
566 BNT 566Bancor Network | $0.2668 | 0.56% | 5.94% | −2.46% | $28.77 M | $28.77 M | $494,003.24 | |||
587 OSMO 587Osmosis | $0.0348 | −1.22% | −1.41% | −14.71% | $27.45 M | $34.35 M | $3.06 M | |||
632 FLIP 632Chainflip | $0.2745 | −1.08% | −4.07% | −16.99% | $24.46 M | $24.68 M | $49,066.78 | |||
665 KNC 665Kyber Network Crystal | $0.1087 | 1.30% | 0.38% | −9.65% | $22.76 M | $26.22 M | $2.53 M | |||
711 STON 711STON | $0.5458 | 0.01% | 1.98% | −2.63% | $20.44 M | $54.58 M | $11,853.66 | |||
724 VELO 724Velodrome Finance | $0.02173 | −6.75% | 9.98% | 60.45% | $19.89 M | $55.10 M | $2.93 M | |||
788 CETUS 788Cetus Protocol | $0.01782 | 0.42% | −0.96% | −1.87% | $16.94 M | $17.87 M | $2.27 M | |||
810 FUL 810Fulcrom | $0.0009739 | −2.42% | −1.64% | 5.72% | $16.27 M | $19.48 M | $1,373.32 | |||
825 SDEX 825SmarDex | $0.000829 | −37.13% | 123.19% | 18.79% | $15.70 M | $16.01 M | $60,035.96 | |||
834 WET 834HumidiFi | $0.06701 | 5.70% | 4.09% | 22.85% | $15.45 M | $67.17 M | $5.69 M | |||
917 AQUA 917Aquarius | $0.0003545 | −2.98% | −6.91% | −8.82% | $12.73 M | $35.44 M | $113,101.00 | |||
927 SAUCE 927SaucerSwap | $0.01368 | −0.36% | −2.46% | −20.08% | $12.47 M | $12.48 M | $55,213.00 | |||
1054 DOLO 1054Dolomite | $0.02219 | −0.31% | −4.44% | −1.84% | $9.79 M | $22.13 M | $2.89 M | |||
1062 MAV 1062Maverick Protocol | $0.00992 | 8.08% | 1.68% | −5.66% | $9.71 M | $19.75 M | $7.75 M | |||
1174 HFT 1174Hashflow | $0.009 | −1.01% | −0.35% | −9.96% | $7.68 M | $9.03 M | $1.50 M | |||
1219 THE 1219THENA | $0.0522 | 0.46% | 11.06% | −22.53% | $6.95 M | $14.83 M | $1.67 M | |||
1254 ANY 1254Anyswap | $0.49 | −0.34% | 3.06% | −5.82% | $6.46 M | $49.00 M | $1.44 | |||
1264 BAL 1264Balancer | $0.09075 | −1.72% | 4.91% | −14.98% | $6.35 M | $6.59 M | $98,448.02 | |||
1277 QUICK 1277Quickswap [OLD] | $9.36 | −1.06% | 3.77% | 7.96% | $6.25 M | $8.42 M | $3,999.57 | |||
1297 GTC 1297Gitcoin | $0.07 | 0.07% | −5.12% | −5.93% | $6.07 M | $6.94 M | $3.02 M | |||
1352 EKUBO 1352Ekubo | $0.5363 | −0.55% | 8.56% | 10.32% | $5.36 M | $5.36 M | $7,815.96 | |||
1391 QUICK 1391Quickswap | $0.007525 | 0.85% | 1.76% | 4.99% | $5.02 M | $6.77 M | $175,759.67 | |||
1799 KYO 1799Kyo | $0.01534 | 0.57% | −0.36% | −1.77% | $2.52 M | $3.08 M | $3.15 M | |||
1897 SWAP 1897HyperSwap | $0.03216 | 1.11% | 2.82% | 13.50% | $2.20 M | $2.97 M | $5,288.11 | |||
1970 FOREST 1970Forest Protocol | $0.02455 | −0.81% | −6.06% | −21.93% | $2.00 M | $24.73 M | $93,765.46 | |||
1974 KDK 1974Kodiak Finance | $0.1361 | −0.54% | −1.20% | −19.16% | $2.00 M | $13.54 M | $50,427.00 | |||
2060 GS 2060GammaSwap | $0.005006 | −2.17% | 3.91% | −15.72% | $1.78 M | $8.01 M | $438.58 | |||
2181 PERP 2181Perpetual Protocol | $0.02119 | −5.27% | 16.75% | −1.51% | $1.54 M | $3.18 M | $1.26 M | |||
2187 MTA 2187mStable Governance: Meta | $0.03041 | −1.04% | −1.85% | −2.75% | $1.52 M | $2.57 M | $18.56 | |||
2236 SPECTRA 2236Spectra | $0.003048 | −6.64% | 26.76% | −1.94% | $1.43 M | $2.23 M | $2,689.02 | |||
2412 KNCL 2412Kyber Network Crystal Legacy | $0.1084 | 0.88% | 0.79% | −10.24% | $1.18 M | $22.79 M | $4,141.74 | |||
2414 XPM 2414XPMarket | $0.00529 | 1.15% | 4.74% | −11.60% | $1.18 M | $2.58 M | $19,412.00 | |||
2430 HYDX 2430Hydrex | $0.02727 | 0.34% | −4.10% | −22.81% | $1.16 M | $2.65 M | $53,906.00 | |||
2479 CREAM 2479Cream | $0.4726 | −1.13% | 28.09% | −0.82% | $1.10 M | $1.38 M | $86.11 | |||
2489 ALEX 2489ALEX Lab | $0.001795 | 2.09% | −14.80% | 36.89% | $1.09 M | $1.09 M | $94,221.07 | |||
2509 KUMA 2509Kuma | $0.001062 | −6.80% | −17.38% | −35.77% | $1.06 M | $1.06 M | $97,772.48 | |||
2546 MEX 2546xExchange | $0.0₅25 | 5.68% | 9.77% | −5.57% | $1.02 M | $1.00 M | $4,814.33 | |||
2554 AARK 2554Aark Digital | $0.001672 | −1.68% | 74.13% | 37.95% | $1.01 M | $1.14 M | $2,634.94 | |||
2671 SBR 2671Saber | $0.0003899 | −6.89% | −1.73% | −30.48% | $875,432.96 | $38,253.74 | $15,287.74 | |||
2685 LIGHT 2685Light | $0.001315 | −1.88% | −2.11% | 57.92% | $866,191.16 | $1.21 M | $0.0061491 | |||
2858 BXX 2858Baanx | $0.002915 | −0.56% | −17.39% | −27.98% | $720,631.84 | $728,750.00 | $592.66 | |||
2940 BLACK 2940Blackhole | $0.002781 | −0.75% | −19.00% | −42.51% | $655,123.12 | $664,460.21 | $7,739.92 | |||
2959 BELT 2959Belt | $0.02882 | −1.52% | 2.23% | −7.89% | $642,293.36 | $1.56 M | $295.51 | |||
3050 TURBOS 3050Turbos Finance | $0.0000866 | −0.23% | −5.90% | −4.00% | $572,961.00 | $865,500.00 | $28,752.29 | |||
3072 THL 3072Thala | $0.008003 | −1.04% | −2.68% | −15.20% | $562,758.21 | $800,300.00 | $525.79 | |||
3141 TUNA 3141DeFituna | $0.001879 | −2.91% | −19.33% | 32.49% | $528,938.50 | $1.88 M | $1,503.65 | |||
3216 ZSWAP 3216Zygoswap | $0.0004888 | −15.05% | −12.00% | −42.87% | $488,799.99 | $488,799.99 | $42,908.00 | |||
3270 YAK 3270Yield Yak | $45.55 | −3.06% | 10.76% | 9.75% | $455,500.00 | $455,500.00 | $4.65 | |||
3459 ELX 3459Elixir | $0.0014128 | −4.03% | −9.86% | −31.56% | $385,794.07 | $1.49 M | $4,454.47 | |||
3526 GBEX 3526Globiance Exchange | $0.0₈973 | −1.52% | −3.40% | 9.85% | $358,347.37 | $486,500.00 | $8.24 | |||
3555 WRT 3555WingRiders | $0.003648 | −1.45% | 9.81% | 3.28% | $348,561.41 | $364,800.00 | $180.50 | |||
3644 ANB 3644Angryb | $0.0₅41 | 0.69% | 3.80% | 2.75% | $318,857.00 | $318,857.00 | $336.66 | |||
3673 ABOND 3673ApeBond | $0.0004862 | −1.41% | 1.67% | −5.32% | $309,872.85 | $316,030.00 | $1,209.79 | |||
3687 LTX 3687Lattice Token | $0.01069 | −0.39% | 3.60% | 0.86% | $306,310.14 | $1.07 M | $22,010.00 | |||
3689 CYPH 3689Cypher | $0.002778 | −1.02% | 3.71% | −20.82% | $305,839.81 | $2.78 M | $337.73 | |||
3830 MARCO 3830Melega | $0.0003664 | −5.40% | −4.94% | −22.21% | $264,950.31 | $340,751.21 | $382.10 | |||
3862 ZF 3862zkSwap Finance | $0.0004038 | 0.87% | 3.93% | −0.93% | $257,655.43 | $403,800.00 | $26,916.00 | |||
3948 ABX 3948Aborean | $0.0009217 | 0.12% | 8.45% | 13.51% | $239,421.44 | $973,802.25 | $2,240.76 | |||
3990 BSW 3990Biswap | $0.0003323 | −0.42% | 1.83% | 0.95% | $228,064.77 | $217,820.15 | $881.07 | |||
4067 NOM 4067Onomy Protocol | $0.00159 | 0.36% | −10.61% | −6.53% | $213,390.12 | $268,920.91 | $118,393.57 | |||
4096 BAKE 4096BakerySwap | $0.0007172 | −2.56% | 1.21% | −1.92% | $207,823.10 | $207,823.10 | $2,480.57 | |||
4148 ASTRO 4148Astroport | $0.000461 | −27.05% | 44.16% | −29.88% | $195,305.92 | $507,100.00 | $2,999.93 | |||
4271 APW 4271Spectra (OLD) | $0.01853 | 0.09% | 10.36% | 3.56% | $178,546.25 | $926,500.00 | $3.53 | |||
4276 XSP 4276XSwap Protocol | $0.00007429 | 2.43% | 22.65% | −6.62% | $178,074.60 | $965,769.99 | $357.65 | |||
4396 POSI 4396Position Token | $0.001724 | 0.24% | 0.31% | 8.07% | $158,263.20 | $158,263.20 | $326.94 | |||
4408 WOM 4408Wombat Exchange | $0.0007037 | 2.22% | 3.51% | 5.46% | $156,630.60 | $703,700.00 | $318.95 | |||
4429 GRAY 4429Gradient | $0.01527 | 1.19% | −12.19% | −34.88% | $152,700.00 | $152,700.00 | $644.57 | |||
4670 ASH 4670AshSwap | $0.0002882 | 7.65% | 9.51% | −0.09% | $124,757.97 | $288,200.00 | $101.47 | |||
4774 DFP2 4774DefiPlaza | $0.00172 | 3.27% | 6.21% | −12.71% | $114,743.76 | $114,743.76 | $58.32 | |||
4804 BOO 4804SpookySwap [Old] | $0.01547 | 32.36% | 26.88% | −0.26% | $112,299.97 | $112,299.97 | $35.49 | |||
5146 VOLT 5146Voltage Finance | $0.00000981 | 0.31% | 9.24% | −49.85% | $85,617.97 | $84,428.84 | $8.59 | |||
5261 MMF 5261MMFinance (Cronos) | $0.00007999 | −0.01% | 0.33% | −5.22% | $78,256.36 | $79,989.99 | $32.46 | |||
5301 BSCS 5301BSCS | $0.0003084 | 0.32% | 2.19% | −32.54% | $76,399.31 | $123,019.11 | $20.52 | |||
5604 BOO 5604SpookySwap | $0.008244 | −5.81% | 5.89% | −6.22% | $59,844.92 | $59,844.92 | $97.46 | |||
5773 LIEN 5773Lien | $0.1483 | −1.56% | 8.86% | 2.19% | $52,627.85 | $148,300.00 | $9.11 | |||
5788 O3 5788O3 Swap | $0.00091 | 19.97% | −31.11% | −17.98% | $51,713.07 | $90,895.02 | $49.02 | |||
5897 UBE 5897Ubeswap | $0.000364 | −4.42% | −3.37% | 7.72% | $47,599.81 | $54,556.20 | $1,294.57 | |||
5993 WASP 5993WanSwap [OLD] | $0.0002192 | −1.29% | −0.36% | −2.90% | $44,617.49 | $46,032.00 | $6.76 | |||
6103 CANDY 6103Bored Candy City | $0.0001791 | −0.02% | 1.27% | −5.40% | $41,073.10 | $41,073.10 | $1.69 | |||
6254 INX 6254Ionex Token | $0.001373 | 0.93% | 4.87% | 5.62% | $36,618.78 | $137,300.00 | $68.28 | |||
6632 AXV 6632Astrovault | $0.0002731 | −3.58% | −14.47% | −13.56% | $27,147.30 | $61,652.34 | $86.07 | |||
6674 ZERO 66740.exchange | $0.00006984 | −1.29% | 6.12% | 3.48% | $26,190.00 | $39,396.74 | $1.44 | |||
6978 NRV 6978Nerve Finance | $0.0004383 | 1.18% | −0.01% | 19.96% | $20,266.01 | $43,830.00 | $22.93 | |||
7085 SAIL 7085Full Sail | $0.00007581 | −4.09% | 3.86% | −46.67% | $18,785.14 | $157,611.92 | $42.30 | |||
7286 OBS 7286Obsidium | $0.002527 | −0.01% | 0.02% | −0.04% | $15,993.16 | $36,641.50 | $6,810.69 | |||
7734 GLINT 7734BeamSwap | $0.00001211 | 3.33% | −12.31% | −19.16% | $11,116.37 | $23,484.72 | $7.37 | |||
7735 AMARA 7735AMARA | $0.00001111 | −2.20% | 10.77% | −49.45% | $11,110.00 | $11,110.00 | $13.73 |
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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.