POPA ReconWhich DEXs Actually Monetize Volume
Which DEXs Actually Monetize Volume PumpSwap earned the most of any DEX in the last 30 days: $14.8M on $9.4B of volume, about 0.16% of every dollar traded. Uniswap did 7x the volume ($64.4B) and earned half as much, $7.4M, or roughly 0.01%. Half of its volume ($32B) ran through V4, which shows zero protocol revenue. Aero made $7.8M on $16.6B, more than Uniswap on a quarter of its volume. Meteora and Pharaoh sit near the 0.1% line, PancakeSwap and Orca near 0.01%.
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