Automated-market-maker (AMM) projects Uniswap, Curve, and Balancer account for more than 90% of the decentralized exchange market, according to Messari analysts.
AMMs like Uniswap, Curve, and Balancer currently account for over 90% of total DEX volume.
With AMM volume as a percent of total DEX volume at all-time highs, is it sustainable?
Full analysis: https://t.co/29DMJEnqPp pic.twitter.com/mpHFJgxu6K
— Messari (@MessariCrypto) September 14, 2020
The chart attached to the tweet shows that the share of AMM projects in DEX turnover has reached an all-time high.
Annual revenue to liquidity providers on Uniswap stands at $406 million. SushiSwap is at $228 million, and Balancer at $114 million.
As AMM volumes grow, so too will protocol revenue.
Looking at revenue figures, its evident these protocols are already generating significant annualized revenues:
Uniswap: $406M
SushiSwap: $228M
Balancer: $114M
Swerve: $29M pic.twitter.com/WIgc5oBabr
— Messari (@MessariCrypto) September 14, 2020
According to Dune Analytics, Uniswap’s share in the DEX segment is 61%, Curve 23.7%, Balancer 6.59%.
Over the past 30 days, trading volume in the segment rose by 156%, reaching $20.25 billion.
Total value locked in the DeFi segment stands at $8.58 billion.
Aave leads the ranking, competing with Maker and Curve Finance. Each of these projects has more than $1 billion in total value locked.
Earlier ForkLog published a piece about how SushiSwap managed to attract $1 billion in just two weeks.
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