Definition

• Token: Cryptocurrency symbol
• Mcap: Cryptocurrency market cap is multiplying circulated token numbers to their price.
• TVL: Total Value Locked is the value of all tokens that lock in DEX to provide liquidity in Liquidity Pools (LPs)
• LP: Liquidity Pool that contain two crypto symbols so everyone can change their tokens here and they will pay a fee to liquidity providers.
• Mcap/TVL: ratio of market cap to TVL is a good data to check power of DEX, lower amount means lots of token locked in LPs so DEX is so popular and there maybe exist a good potential to growth a market cap by increasing token price.
• Fees 30d: Fees that paid to liquidity providers in last 30 days in mentioned DEX.

DEX Analysis

By compare DEX situation on every network the best one that have the possibility of great growth can be expose.

Networks with one major DEX

Multi chain DEX

DEX with many LPs

More LPs for a DEX means more popularity.

Fee distribution in DEX

Mcap/TVL

Refernces

• defilama

• DEXScreen

• dextools