Value capture by decentralized exchange tokens

Quick Take

  • Decentralized exchanges are perhaps the fastest growing sector in Open Finance.
  • Over the past 30 days, decentralized exchanges have facilitated an average of $46.2 million in daily trade volume.
  • The value captured by decentralized exchange tokens ranges from anywhere between 0.3% and 0.01% of exchanged value, depending on the protocol.
Decentralized exchanges have been perhaps the biggest success story in Open Finance in 2020.

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