{
  "snapshot_at": "2026-07-15T09:14:49Z",
  "methodology_zh": "运营数据优先使用项目方披露与 DefiLlama 标准化接口；市场份额用同一 DefiLlama 30 日口径计算。CMC 排名固定使用显式 type=spot 或 type=derivatives 页面，并按具体链和版本列示。钱包、地址、账户或订单创建者只是用户代理指标，不等于独立真人。",
  "methodology_en": "Operating data prioritizes official disclosures and standardized DefiLlama endpoints; market shares use a consistent 30-day DefiLlama denominator. CMC ranks are captured from explicit type=spot or type=derivatives pages and shown by chain/version. Wallets, addresses, accounts, and order creators are user proxies, not unique people.",
  "projects": {
    "PUMP": {
      "business_type": "token launchpad and DEX",
      "exchange_rank_required": true,
      "status_zh": "- **规模与使用：** 2026 年 4 月 Pump.fun 与 PumpSwap 合计约 **314 万个活跃钱包**；这是钱包口径，可能包含机器人与一人多地址。[CoinGecko Research](https://www.coingecko.com/research/publications/pump-fun-traders-are-making-a-comeback)\n- **当前交易：** DefiLlama 显示 PumpSwap 最近 30 日成交约 **$17.90B**，约占其 Solana DEX 30 日样本的 **28.0%**；当前 TVL 约 **$238.9M**。[DefiLlama](https://defillama.com/protocol/pump)\n- **CMC 交易所排名：** 在 2026-07-15 的显式 **现货 DEX** 快照中，PumpSwap 排 **#16**。[CMC 现货 DEX 榜](https://coinmarketcap.com/rankings/exchanges/dex/?type=spot) CMC 默认页与显式现货页曾返回不同顺序，因此这里不混用其成交额，只把显式榜单用于排名。\n- **回购运营：** 官方 token 页显示累计回购并销毁约 **150.23B PUMP**，约为初始最大量的 **15.023%**；业务仍高度依赖 memecoin 交易热度。[PUMP token](https://pump.fun/pump-token)",
      "status_en": "- **Scale and usage:** Pump.fun plus PumpSwap recorded about **3.14 million active wallets** in April 2026. This is a wallet metric and may include bots or multiple addresses per person. [CoinGecko Research](https://www.coingecko.com/research/publications/pump-fun-traders-are-making-a-comeback)\n- **Current trading:** DefiLlama reports about **US$17.90B** of PumpSwap volume over the latest 30 days, roughly **28.0%** of its Solana DEX sample, with about **US$238.9M** of TVL. [DefiLlama](https://defillama.com/protocol/pump)\n- **CMC exchange rank:** PumpSwap ranked **No. 16** in the explicit **spot DEX** snapshot on July 15, 2026. [CMC spot DEX table](https://coinmarketcap.com/rankings/exchanges/dex/?type=spot) CMC's default and explicit-spot pages have returned different orderings, so this report uses the explicit table for rank only.\n- **Buyback operations:** The official token page reports about **150.23B PUMP** cumulatively repurchased and burned, equal to **15.023%** of initial maximum supply. The business remains highly dependent on memecoin activity. [PUMP token](https://pump.fun/pump-token)",
      "metrics": [
        {"metric_key": "active_wallets", "value": 3142559, "unit": "wallets", "period": "2026-04", "scope": "Pump.fun plus PumpSwap", "entity_type": "active_wallets", "as_of": "2026-04-30", "provider": "CoinGecko Research", "source_url": "https://www.coingecko.com/research/publications/pump-fun-traders-are-making-a-comeback", "status": "reported"},
        {"metric_key": "dex_volume_30d", "value": 17900293307, "unit": "USD", "period": "30d", "scope": "PumpSwap", "entity_type": "volume", "as_of": "2026-07-15", "provider": "DefiLlama", "source_url": "https://api.llama.fi/summary/dexs/pump?dataType=dailyVolume", "status": "reported"},
        {"metric_key": "solana_dex_share_30d", "value": 0.2796, "unit": "share", "period": "30d", "scope": "DefiLlama Solana DEX sample", "entity_type": "market_share", "as_of": "2026-07-15", "provider": "DefiLlama calculation", "source_url": "https://api.llama.fi/overview/dexs?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyVolume", "status": "reported"},
        {"metric_key": "cmc_spot_dex_ranks", "value": [{"venue": "PumpSwap", "rank": 16}], "unit": "rank", "period": "live snapshot", "scope": "CMC DEX spot table; venue-level", "entity_type": "exchange_rank", "as_of": "2026-07-15T09:14:49Z", "provider": "CoinMarketCap", "source_url": "https://coinmarketcap.com/rankings/exchanges/dex/?type=spot", "status": "reported"}
      ]
    },
    "CAKE": {
      "business_type": "multichain DEX",
      "exchange_rank_required": true,
      "status_zh": "- **规模与使用：** PancakeSwap 披露 2025 年有 **36.16M 独立用户**；2026 年 4 月报告称生态累计用户超过 **180M**、累计成交突破 **$4T**。这是项目方累计/年度口径，不是当前月活。[2025 recap](https://blog.pancakeswap.finance/articles/2025-recap) · [2026-04 report](https://blog.pancakeswap.finance/articles/kitchen-report-april-2026)\n- **当前交易：** 最近 30 日聚合成交约 **$18.36B**，占 DefiLlama 全球 DEX 样本约 **9.1%**；在 BSC 样本约占 **69.1%**，TVL 约 **$2.05B**。[DefiLlama](https://defillama.com/protocol/pancakeswap)\n- **CMC 现货 DEX 排名（逐 venue）：** v3 BSC **#3**、v2 BSC **#9**、Infinity CLAMM **#10**、v3 Base **#22**、Solana **#40**、v3 Arbitrum **#49**、v3 Ethereum **#54**、v3 Monad **#81**、v3 Linea **#120**、v3 zkSync **#146**、v2 Ethereum **#185**、v2 Aptos **#207**、v2 Base **#234**、v2 Arbitrum **#266**、v3 opBNB **#286**、v3 Robinhood **#357**。[CMC 现货 DEX 榜](https://coinmarketcap.com/rankings/exchanges/dex/?type=spot)\n- **运营判断：** BSC 主场优势仍很强，但当前全球 30 日份额明显低于项目方披露的 2025 年末时点份额；需要持续跟踪 Infinity 迁移、激励成本与净销毁。",
      "status_en": "- **Scale and usage:** PancakeSwap reported **36.16M unique users** in 2025; its April 2026 report cited more than **180M cumulative users** and over **US$4T** in cumulative volume. These are annual/cumulative project figures, not current monthly active users. [2025 recap](https://blog.pancakeswap.finance/articles/2025-recap) · [April 2026 report](https://blog.pancakeswap.finance/articles/kitchen-report-april-2026)\n- **Current trading:** Aggregated 30-day volume is about **US$18.36B**, or **9.1%** of DefiLlama's global DEX sample and **69.1%** of its BSC sample; TVL is about **US$2.05B**. [DefiLlama](https://defillama.com/protocol/pancakeswap)\n- **CMC spot DEX ranks by venue:** v3 BSC **No. 3**, v2 BSC **No. 9**, Infinity CLAMM **No. 10**, v3 Base **No. 22**, Solana **No. 40**, v3 Arbitrum **No. 49**, v3 Ethereum **No. 54**, v3 Monad **No. 81**, v3 Linea **No. 120**, v3 zkSync **No. 146**, v2 Ethereum **No. 185**, v2 Aptos **No. 207**, v2 Base **No. 234**, v2 Arbitrum **No. 266**, v3 opBNB **No. 286**, and v3 Robinhood **No. 357**. [CMC spot DEX table](https://coinmarketcap.com/rankings/exchanges/dex/?type=spot)\n- **Operating read:** The BSC franchise remains dominant, but its current global 30-day share is well below the year-end share cited in the project's 2025 recap. Infinity migration, incentive cost, and net burns remain key watch items.",
      "metrics": [
        {"metric_key": "unique_users_2025", "value": 36160000, "unit": "users", "period": "2025", "scope": "PancakeSwap ecosystem; project-reported", "entity_type": "unique_users", "as_of": "2025-12-31", "provider": "PancakeSwap", "source_url": "https://blog.pancakeswap.finance/articles/2025-recap", "status": "reported"},
        {"metric_key": "dex_volume_30d", "value": 18361914644, "unit": "USD", "period": "30d", "scope": "PancakeSwap family", "entity_type": "volume", "as_of": "2026-07-15", "provider": "DefiLlama", "source_url": "https://api.llama.fi/summary/dexs/pancakeswap?dataType=dailyVolume", "status": "reported"},
        {"metric_key": "global_dex_share_30d", "value": 0.09085, "unit": "share", "period": "30d", "scope": "DefiLlama global DEX sample", "entity_type": "market_share", "as_of": "2026-07-15", "provider": "DefiLlama calculation", "source_url": "https://api.llama.fi/overview/dexs?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyVolume", "status": "reported"},
        {"metric_key": "cmc_spot_dex_ranks", "value": [{"venue": "PancakeSwap v3 BSC", "rank": 3}, {"venue": "PancakeSwap v2 BSC", "rank": 9}, {"venue": "PancakeSwap Infinity CLAMM", "rank": 10}, {"venue": "PancakeSwap v3 Base", "rank": 22}, {"venue": "PancakeSwap Solana", "rank": 40}, {"venue": "PancakeSwap v3 Arbitrum", "rank": 49}, {"venue": "PancakeSwap v3 Ethereum", "rank": 54}, {"venue": "PancakeSwap v3 Monad", "rank": 81}, {"venue": "PancakeSwap v3 Linea", "rank": 120}, {"venue": "PancakeSwap v3 zkSync", "rank": 146}, {"venue": "PancakeSwap v2 Ethereum", "rank": 185}, {"venue": "PancakeSwap v2 Aptos", "rank": 207}, {"venue": "PancakeSwap v2 Base", "rank": 234}, {"venue": "PancakeSwap v2 Arbitrum", "rank": 266}, {"venue": "PancakeSwap v3 opBNB", "rank": 286}, {"venue": "PancakeSwap v3 Robinhood", "rank": 357}], "unit": "rank", "period": "live snapshot", "scope": "CMC DEX spot table; venue-level", "entity_type": "exchange_rank", "as_of": "2026-07-15T09:14:49Z", "provider": "CoinMarketCap", "source_url": "https://coinmarketcap.com/rankings/exchanges/dex/?type=spot", "status": "reported"}
      ]
    },
    "AERO": {
      "business_type": "DEX and liquidity marketplace",
      "exchange_rank_required": true,
      "status_zh": "- **市场地位：** Aerodrome 最近 30 日成交约 **$12.77B**，约占 DefiLlama Base DEX 样本的 **49.5%**，当前 TVL 约 **$329.3M**；它仍是 Base 的核心流动性场所。[DefiLlama](https://defillama.com/protocol/aerodrome)\n- **CMC 现货 DEX 排名（逐 venue）：** Aerodrome SlipStream **#4**、Aerodrome Finance **#42**、Slipstream 3 **#311**、Slipstream 2 **#320**。[CMC 现货 DEX 榜](https://coinmarketcap.com/rankings/exchanges/dex/?type=spot)\n- **用户口径：** 未找到同日期、可跨项目比较的独立交易钱包数，因此不把不完整的 active-address adapter 当作用户数。运营重点是 Base 份额、交易费相对 AERO emissions，以及与 Velodrome 合并后的迁移。",
      "status_en": "- **Market position:** Aerodrome generated about **US$12.77B** of 30-day volume, roughly **49.5%** of DefiLlama's Base DEX sample, with about **US$329.3M** of TVL. It remains a core Base liquidity venue. [DefiLlama](https://defillama.com/protocol/aerodrome)\n- **CMC spot DEX ranks by venue:** Aerodrome SlipStream **No. 4**, Aerodrome Finance **No. 42**, Slipstream 3 **No. 311**, and Slipstream 2 **No. 320**. [CMC spot DEX table](https://coinmarketcap.com/rankings/exchanges/dex/?type=spot)\n- **User metric:** No same-date, cross-project-comparable count of unique trading wallets was found, so incomplete active-address adapters are not presented as users. Base share, fees relative to AERO emissions, and the Velodrome merger migration are the operating priorities.",
      "metrics": [
        {"metric_key": "dex_volume_30d", "value": 12770885124, "unit": "USD", "period": "30d", "scope": "Aerodrome", "entity_type": "volume", "as_of": "2026-07-15", "provider": "DefiLlama", "source_url": "https://api.llama.fi/summary/dexs/aerodrome?dataType=dailyVolume", "status": "reported"},
        {"metric_key": "base_dex_share_30d", "value": 0.4951, "unit": "share", "period": "30d", "scope": "DefiLlama Base DEX sample", "entity_type": "market_share", "as_of": "2026-07-15", "provider": "DefiLlama calculation", "source_url": "https://api.llama.fi/overview/dexs?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyVolume", "status": "reported"},
        {"metric_key": "cmc_spot_dex_ranks", "value": [{"venue": "Aerodrome SlipStream", "rank": 4}, {"venue": "Aerodrome Finance", "rank": 42}, {"venue": "Aerodrome Slipstream 3", "rank": 311}, {"venue": "Aerodrome Slipstream 2", "rank": 320}], "unit": "rank", "period": "live snapshot", "scope": "CMC DEX spot table; venue-level", "entity_type": "exchange_rank", "as_of": "2026-07-15T09:14:49Z", "provider": "CoinMarketCap", "source_url": "https://coinmarketcap.com/rankings/exchanges/dex/?type=spot", "status": "reported"}
      ]
    },
    "GMX": {
      "business_type": "perpetual DEX",
      "exchange_rank_required": true,
      "status_zh": "- **当前业务：** DefiLlama 显示 GMX 最近 30 日永续成交约 **$2.73B**、未平仓量约 **$62.5M**、TVL 约 **$180.8M**，累计永续成交约 **$330.9B**。[DefiLlama](https://defillama.com/protocol/gmx)\n- **分发与采用：** 项目页列示 **80+ integrations**；但没有可靠的同日期独立交易者总数，页面不把 adapter 的不完整地址数当用户数。\n- **CMC 衍生品 DEX 排名：** 2026-07-15 的 22 个 venue 显式衍生品榜中 **未列出 GMX**，这不等于业务量为零。[CMC 衍生品 DEX 榜](https://coinmarketcap.com/rankings/exchanges/dex/?type=derivatives)\n- **运营判断：** 交易量与 OI 相比历史累计规模偏小，需同时看 GM 池收益、交易者盈亏、回购执行和 LP 承担的库存/对手方风险。",
      "status_en": "- **Current business:** DefiLlama reports about **US$2.73B** of 30-day perpetual volume, **US$62.5M** of open interest, **US$180.8M** of TVL, and roughly **US$330.9B** of cumulative perpetual volume. [DefiLlama](https://defillama.com/protocol/gmx)\n- **Distribution and adoption:** The project page lists **80+ integrations**, but no reliable same-date total of unique traders was found; incomplete adapter address counts are therefore not shown as users.\n- **CMC derivatives DEX rank:** GMX was **not listed** in CMC's explicit 22-venue derivatives table on July 15, 2026. This does not mean zero activity. [CMC derivatives DEX table](https://coinmarketcap.com/rankings/exchanges/dex/?type=derivatives)\n- **Operating read:** Volume and open interest are modest relative to historical cumulative scale. GM-pool returns, trader P&L, buyback execution, and LP inventory/counterparty exposure should be monitored together.",
      "metrics": [
        {"metric_key": "perp_volume_30d", "value": 2734000000, "unit": "USD", "period": "30d", "scope": "GMX perpetuals", "entity_type": "volume", "as_of": "2026-07-15", "provider": "DefiLlama", "source_url": "https://defillama.com/protocol/gmx", "status": "reported"},
        {"metric_key": "open_interest", "value": 62510000, "unit": "USD", "period": "current", "scope": "GMX perpetuals", "entity_type": "open_interest", "as_of": "2026-07-15", "provider": "DefiLlama", "source_url": "https://defillama.com/protocol/gmx", "status": "reported"},
        {"metric_key": "cmc_derivatives_dex_rank", "value": null, "unit": "rank", "period": "live snapshot", "scope": "CMC DEX derivatives table; 22 venues", "entity_type": "exchange_rank", "as_of": "2026-07-15T09:14:49Z", "provider": "CoinMarketCap", "source_url": "https://coinmarketcap.com/rankings/exchanges/dex/?type=derivatives", "status": "not_listed"}
      ]
    },
    "XVS": {
      "business_type": "lending market",
      "exchange_rank_required": false,
      "status_zh": "- **市场地位：** 按 DefiLlama lending 分类计算，Venus Core 约为全球借贷协议 **#7**、BNB Chain **#1**，约占该链借贷 TVL 的 **56.1%**；当前 Core TVL 约 **$1.05B**、借款约 **$398M**。[DefiLlama](https://defillama.com/protocol/venus-core-pool)\n- **运营质量：** 2026 年 6 月项目月报披露供应 **$1.33B**、债务 **$365.1M**、1,697 次清算和 $4.24M 被处置抵押物；前三大借款人约占债务 **24.5%**，集中度不可忽视。[June 2026 report](https://community.venus.io/t/venus-monthly-report-june-2026/5857)\n- **用户代理：** 月报列出的 BTCB/USDT、BTCB/BNB 和 BTCB/BTCB 借贷组合分别涉及 2,177、1,879 和 616 个钱包，但这些集合会重叠，不能相加成总用户数。\n- **CMC 排名：** 不适用——Venus 是借贷市场，不是交易所。运营上更应跟踪坏账、清算、BNB/BTC 集中度与链级收入是否达到回购资格。",
      "status_en": "- **Market position:** Based on DefiLlama's lending category, Venus Core ranks about **No. 7 globally** and **No. 1 on BNB Chain**, representing roughly **56.1%** of lending TVL on that chain. Core TVL is about **US$1.05B**, with roughly **US$398M** borrowed. [DefiLlama](https://defillama.com/protocol/venus-core-pool)\n- **Operating quality:** The June 2026 project report disclosed **US$1.33B** supplied, **US$365.1M** of debt, 1,697 liquidations, and US$4.24M of collateral disposed. The top three borrowers represented about **24.5%** of debt. [June 2026 report](https://community.venus.io/t/venus-monthly-report-june-2026/5857)\n- **User proxy:** The report lists 2,177, 1,879, and 616 wallets in three BTCB-related borrowing combinations, but the sets overlap and must not be summed into total users.\n- **CMC rank:** Not applicable—Venus is a lending market, not an exchange. Bad debt, liquidations, BNB/BTC concentration, and chain-level eligibility for buybacks are more relevant.",
      "metrics": [
        {"metric_key": "global_lending_rank", "value": 7, "unit": "rank", "period": "current", "scope": "DefiLlama lending protocols", "entity_type": "protocol_rank", "as_of": "2026-07-15", "provider": "DefiLlama calculation", "source_url": "https://defillama.com/protocol/venus-core-pool", "status": "reported"},
        {"metric_key": "bnb_lending_share", "value": 0.561, "unit": "share", "period": "current", "scope": "DefiLlama BNB Chain lending TVL", "entity_type": "market_share", "as_of": "2026-07-15", "provider": "DefiLlama calculation", "source_url": "https://defillama.com/protocol/venus-core-pool", "status": "reported"},
        {"metric_key": "borrowed", "value": 398393722, "unit": "USD", "period": "current", "scope": "Venus Core", "entity_type": "loans_outstanding", "as_of": "2026-07-15", "provider": "DefiLlama", "source_url": "https://api.llama.fi/protocol/venus", "status": "reported"}
      ]
    },
    "GNS": {
      "business_type": "synthetic perpetual DEX",
      "exchange_rank_required": true,
      "status_zh": "- **累计采用：** Gains 官方首页披露 **44K+ users、4M+ trades、$135B+ total volume、290+ pairs**；其中 users 是项目方口径，不能视作经审计的独立真人数。[Gains](https://gains.trade/)\n- **当前业务：** DefiLlama 显示最近 30 日永续成交约 **$1.07B**、OI 约 **$7.39M**、TVL 约 **$12.0M**。[DefiLlama](https://defillama.com/protocol/gains-network) DefiLlama 的累计量与项目方披露不同，反映覆盖范围/方法差异，页面不把两者拼接成同一趋势。\n- **CMC 衍生品 DEX 排名：** 2026-07-15 的显式衍生品榜 **未列出 Gains Network**。[CMC 衍生品 DEX 榜](https://coinmarketcap.com/rankings/exchanges/dex/?type=derivatives)\n- **运营判断：** 业务有持续交易，但 OI 与 vault 规模较小；应优先看 gToken vault 抵押健康、交易者净盈利以及压力情景下 GNS 是否被增发。",
      "status_en": "- **Cumulative adoption:** Gains' website reports **44K+ users, 4M+ trades, US$135B+ total volume, and 290+ pairs**. “Users” is a project metric, not an audited count of unique people. [Gains](https://gains.trade/)\n- **Current business:** DefiLlama reports about **US$1.07B** of 30-day perpetual volume, **US$7.39M** of open interest, and roughly **US$12.0M** of TVL. [DefiLlama](https://defillama.com/protocol/gains-network) Its cumulative volume differs from the project figure because of coverage/method differences; the two are not spliced into one trend.\n- **CMC derivatives DEX rank:** Gains Network was **not listed** in the explicit derivatives table on July 15, 2026. [CMC derivatives DEX table](https://coinmarketcap.com/rankings/exchanges/dex/?type=derivatives)\n- **Operating read:** Trading activity persists, but open interest and vault scale are small. gToken-vault health, trader net profitability, and stress-driven GNS minting matter most.",
      "metrics": [
        {"metric_key": "official_users", "value": 44000, "unit": "users_plus", "period": "cumulative", "scope": "Gains platform; project-reported", "entity_type": "reported_users", "as_of": "2026-07-15", "provider": "Gains Network", "source_url": "https://gains.trade/", "status": "reported"},
        {"metric_key": "perp_volume_30d", "value": 1066000000, "unit": "USD", "period": "30d", "scope": "Gains Network", "entity_type": "volume", "as_of": "2026-07-15", "provider": "DefiLlama", "source_url": "https://defillama.com/protocol/gains-network", "status": "reported"},
        {"metric_key": "cmc_derivatives_dex_rank", "value": null, "unit": "rank", "period": "live snapshot", "scope": "CMC DEX derivatives table; 22 venues", "entity_type": "exchange_rank", "as_of": "2026-07-15T09:14:49Z", "provider": "CoinMarketCap", "source_url": "https://coinmarketcap.com/rankings/exchanges/dex/?type=derivatives", "status": "not_listed"}
      ]
    },
    "VELO": {
      "business_type": "DEX and liquidity marketplace",
      "exchange_rank_required": true,
      "status_zh": "- **市场地位：** Velodrome 最近 30 日成交约 **$405.3M**，约占 DefiLlama OP Mainnet DEX 样本的 **49.7%**；当前 TVL 约 **$37.6M**。[DefiLlama](https://defillama.com/protocol/velodrome)\n- **CMC 现货 DEX 排名（逐 venue）：** v3 Optimism **#56**、Velodrome Finance **#80**、v2 **#100**、v3 Unichain **#173**、v3 Ink **#338**。[CMC 现货 DEX 榜](https://coinmarketcap.com/rankings/exchanges/dex/?type=spot)\n- **用户口径：** 没有同日期、可跨协议比较的独立交易钱包数据，因此不引用不完整地址数。Velodrome 在 OP 主场仍占重要位置，但绝对成交与 TVL 远小于 Aerodrome；Aero 合并与 VELO 迁移是最重要的运营事件。",
      "status_en": "- **Market position:** Velodrome generated about **US$405.3M** of 30-day volume, roughly **49.7%** of DefiLlama's OP Mainnet DEX sample, with about **US$37.6M** of TVL. [DefiLlama](https://defillama.com/protocol/velodrome)\n- **CMC spot DEX ranks by venue:** v3 Optimism **No. 56**, Velodrome Finance **No. 80**, v2 **No. 100**, v3 Unichain **No. 173**, and v3 Ink **No. 338**. [CMC spot DEX table](https://coinmarketcap.com/rankings/exchanges/dex/?type=spot)\n- **User metric:** No same-date, cross-protocol-comparable unique-wallet count was found, so incomplete address metrics are omitted. Velodrome remains important on OP Mainnet, but absolute volume and TVL are far below Aerodrome; the Aero merger and VELO migration are the key operating events.",
      "metrics": [
        {"metric_key": "dex_volume_30d", "value": 405294217, "unit": "USD", "period": "30d", "scope": "Velodrome", "entity_type": "volume", "as_of": "2026-07-15", "provider": "DefiLlama", "source_url": "https://api.llama.fi/summary/dexs/velodrome?dataType=dailyVolume", "status": "reported"},
        {"metric_key": "op_mainnet_dex_share_30d", "value": 0.4974, "unit": "share", "period": "30d", "scope": "DefiLlama OP Mainnet DEX sample", "entity_type": "market_share", "as_of": "2026-07-15", "provider": "DefiLlama calculation", "source_url": "https://api.llama.fi/overview/dexs?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyVolume", "status": "reported"},
        {"metric_key": "cmc_spot_dex_ranks", "value": [{"venue": "Velodrome v3 Optimism", "rank": 56}, {"venue": "Velodrome Finance", "rank": 80}, {"venue": "Velodrome v2", "rank": 100}, {"venue": "Velodrome v3 Unichain", "rank": 173}, {"venue": "Velodrome v3 Ink", "rank": 338}], "unit": "rank", "period": "live snapshot", "scope": "CMC DEX spot table; venue-level", "entity_type": "exchange_rank", "as_of": "2026-07-15T09:14:49Z", "provider": "CoinMarketCap", "source_url": "https://coinmarketcap.com/rankings/exchanges/dex/?type=spot", "status": "reported"}
      ]
    },
    "MPLX": {
      "business_type": "digital-asset issuance infrastructure",
      "exchange_rank_required": false,
      "status_zh": "- **采用规模：** Metaplex 称其标准支撑 Solana 超过 **99%** 的代币和 NFT，累计创建 **22M+** 同质化代币及接近 **1B** 项资产；99% 为项目方口径，未视作独立审计值。[Metaplex App](https://www.metaplex.foundation/blog/articles/introducing-the-metaplex-app)\n- **近期运营：** 2026 年 5 月约有 **120K 个签名钱包**使用 Metaplex，环比约 +5.3%；新增 144K 个 Token Metadata 资产、273K 个 Core mint，协议收入约 **$172K**，其中 Token Metadata 约占 73%。[May roundup](https://www.metaplex.foundation/blog/articles/metaplex-may-round-up-2026)\n- **商业采用：** Collector Crypt 已创建 130K+ 项资产；Candy Digital 计划把多个授权 IP 数字藏品迁移至 Core。钱包数不是独立真人数。\n- **CMC 排名：** 不适用——Metaplex 是发行基础设施，不是交易所。需要跟踪 Solana 集中度、Core 采用、mint 活动和收入对 Token Metadata 的依赖。",
      "status_en": "- **Adoption scale:** Metaplex says its standards power more than **99%** of tokens and NFTs on Solana, with **22M+** fungible tokens and nearly **1B** total assets created. The 99% share is project-reported, not treated as independently audited. [Metaplex App](https://www.metaplex.foundation/blog/articles/introducing-the-metaplex-app)\n- **Recent operations:** About **120K signing wallets** used Metaplex in May 2026, up roughly 5.3% MoM. The month added 144K Token Metadata assets and 273K Core mints, while protocol revenue was about **US$172K**, 73% from Token Metadata. [May roundup](https://www.metaplex.foundation/blog/articles/metaplex-may-round-up-2026)\n- **Commercial adoption:** Collector Crypt has created 130K+ assets, while Candy Digital plans to migrate licensed digital collectibles to Core. Wallets are not unique people.\n- **CMC rank:** Not applicable—Metaplex is issuance infrastructure, not an exchange. Solana concentration, Core adoption, mint activity, and revenue dependence on Token Metadata are the operating priorities.",
      "metrics": [
        {"metric_key": "monthly_signing_wallets", "value": 120000, "unit": "wallets_approx", "period": "2026-05", "scope": "Metaplex protocol", "entity_type": "signing_wallets", "as_of": "2026-05-31", "provider": "Metaplex Foundation", "source_url": "https://www.metaplex.foundation/blog/articles/metaplex-may-round-up-2026", "status": "reported"},
        {"metric_key": "protocol_revenue_month", "value": 172000, "unit": "USD_approx", "period": "2026-05", "scope": "Metaplex protocol", "entity_type": "revenue", "as_of": "2026-05-31", "provider": "Metaplex Foundation", "source_url": "https://www.metaplex.foundation/blog/articles/metaplex-may-round-up-2026", "status": "reported"},
        {"metric_key": "solana_asset_issuance_share", "value": 0.99, "unit": "share_plus", "period": "cumulative/current claim", "scope": "Solana tokens and NFTs; project-reported", "entity_type": "market_share", "as_of": "2026-07-15", "provider": "Metaplex Foundation", "source_url": "https://www.metaplex.foundation/blog/articles/introducing-the-metaplex-app", "status": "reported"}
      ]
    },
    "FLIP": {
      "business_type": "native cross-chain DEX",
      "exchange_rank_required": true,
      "status_zh": "- **累计采用：** Chainflip 截至 2026-06-10 累计完成 **830K+ swaps**、约 **$7.9B** 成交；SafePal 与 Xverse 集成扩大了潜在分发，但合作钱包的总用户数不能当作 Chainflip 实际用户。[Chainflip](https://chainflip.io/blog/flip-burns-overtake-emissions-back-to-90m)\n- **当前业务：** DefiLlama 显示最近 30 日成交约 **$288.5M**、AMM TVL 约 **$10.1M**；2026 年 6 月新增 TRON 原生 TRX 与 USDT-TRC20 路由。[DefiLlama](https://defillama.com/protocol/chainflip-amm) · [TRON launch](https://chainflip.io/blog/tron-is-now-live-on-chainflip-native-trx-and-usdt-trc20-swaps)\n- **CMC 现货 DEX 排名：** 显式榜单 **未列出 Chainflip AMM**。[CMC 现货 DEX 榜](https://coinmarketcap.com/rankings/exchanges/dex/?type=spot)\n- **运营风险：** 2026-06-11 曾发生 broker 旧软件导致的存款通道归属错误，项目已修正识别方式；这提醒投资者把 broker/集成层可靠性纳入协议风险。[Incident report](https://chainflip.io/blog/incident-report-deposit-channel-misattribution-june-2026)",
      "status_en": "- **Cumulative adoption:** By June 10, 2026, Chainflip had completed **830K+ swaps** and about **US$7.9B** of volume. SafePal and Xverse integrations expand potential distribution, but partner-wallet users are not actual Chainflip users. [Chainflip](https://chainflip.io/blog/flip-burns-overtake-emissions-back-to-90m)\n- **Current business:** DefiLlama reports about **US$288.5M** of 30-day volume and roughly **US$10.1M** of AMM TVL. Native TRX and USDT-TRC20 routes launched in June 2026. [DefiLlama](https://defillama.com/protocol/chainflip-amm) · [TRON launch](https://chainflip.io/blog/tron-is-now-live-on-chainflip-native-trx-and-usdt-trc20-swaps)\n- **CMC spot DEX rank:** Chainflip AMM was **not listed** in the explicit spot table. [CMC spot DEX table](https://coinmarketcap.com/rankings/exchanges/dex/?type=spot)\n- **Operating risk:** On June 11, 2026, old broker software caused a deposit-channel misattribution; the project changed its identification logic. Broker and integration-layer reliability therefore belongs in protocol-risk analysis. [Incident report](https://chainflip.io/blog/incident-report-deposit-channel-misattribution-june-2026)",
      "metrics": [
        {"metric_key": "cumulative_swaps", "value": 830000, "unit": "swaps_plus", "period": "cumulative", "scope": "Chainflip", "entity_type": "transactions", "as_of": "2026-06-10", "provider": "Chainflip", "source_url": "https://chainflip.io/blog/flip-burns-overtake-emissions-back-to-90m", "status": "reported"},
        {"metric_key": "dex_volume_30d", "value": 288451719, "unit": "USD", "period": "30d", "scope": "Chainflip AMM", "entity_type": "volume", "as_of": "2026-07-15", "provider": "DefiLlama", "source_url": "https://api.llama.fi/summary/dexs/chainflip?dataType=dailyVolume", "status": "reported"},
        {"metric_key": "cmc_spot_dex_rank", "value": null, "unit": "rank", "period": "live snapshot", "scope": "CMC DEX spot table", "entity_type": "exchange_rank", "as_of": "2026-07-15T09:14:49Z", "provider": "CoinMarketCap", "source_url": "https://coinmarketcap.com/rankings/exchanges/dex/?type=spot", "status": "not_listed"}
      ]
    },
    "DBR": {
      "business_type": "cross-chain intent network",
      "exchange_rank_required": false,
      "status_zh": "- **业务规模：** deBridge DLN 的官方统计 API 截至 2026-07-15 显示累计结算约 **$20.70B**、完成 **6.97M** 笔订单、约 **1.48M 个独立订单创建钱包**；钱包不等于真人用户。[DLN statistics API](https://stats-api.dln.trade/api/Satistics/getAllTime)\n- **近期运营：** 最近 30 日完成约 **$580.3M**、389,519 笔订单，产生约 $467.9K 官方口径协议费；DefiLlama 同期 fees 约 $500K，差约 6.9%，两种口径分别保留。[deBridge analytics](https://app.debridge.com/analytics) · [DefiLlama](https://defillama.com/protocol/debridge)\n- **为什么 TVL 小：** DLN 由 solver 竞争执行意图，不依赖大型共享资金池，因此约 $2.2M TVL 会明显低估业务规模。\n- **CMC 排名：** 不适用——DLN 是跨链订单执行网络，不是传统交易所。项目方披露 27+ audits、$200K bug bounty 与 0 security incidents，但这些仍是项目方陈述。[Security](https://debridge.com/security/)",
      "status_en": "- **Business scale:** deBridge DLN's official statistics API reported about **US$20.70B** cumulatively settled, **6.97M** fulfilled orders, and roughly **1.48M unique order-creator wallets** by July 15, 2026. Wallets are not unique people. [DLN statistics API](https://stats-api.dln.trade/api/Satistics/getAllTime)\n- **Recent operations:** The latest 30 days processed about **US$580.3M** across 389,519 orders and produced roughly US$467.9K of official protocol fees. DefiLlama reports about US$500K for the same broad period—a 6.9% difference—so the two methodologies remain separate. [deBridge analytics](https://app.debridge.com/analytics) · [DefiLlama](https://defillama.com/protocol/debridge)\n- **Why TVL is small:** Solver competition executes intents without a large shared pool, so about US$2.2M of TVL materially understates operating scale.\n- **CMC rank:** Not applicable—DLN is a cross-chain order-execution network, not a conventional exchange. The project reports 27+ audits, a US$200K bug bounty, and zero security incidents; these remain project claims. [Security](https://debridge.com/security/)",
      "metrics": [
        {"metric_key": "fulfilled_orders_cumulative", "value": 6970301, "unit": "orders", "period": "cumulative", "scope": "deBridge DLN", "entity_type": "transactions", "as_of": "2026-07-15", "provider": "deBridge DLN API", "source_url": "https://stats-api.dln.trade/api/Satistics/getAllTime", "status": "reported"},
        {"metric_key": "unique_order_creator_wallets", "value": 1481809, "unit": "wallets", "period": "cumulative", "scope": "deBridge DLN", "entity_type": "order_creator_wallets", "as_of": "2026-07-15", "provider": "deBridge DLN API", "source_url": "https://stats-api.dln.trade/api/Satistics/getAllTime", "status": "reported"},
        {"metric_key": "settled_volume_30d", "value": 580270000, "unit": "USD", "period": "30d", "scope": "deBridge DLN", "entity_type": "volume", "as_of": "2026-07-15", "provider": "deBridge DLN API", "source_url": "https://app.debridge.com/analytics", "status": "reported"}
      ]
    },
    "APEX": {
      "business_type": "perpetual DEX",
      "exchange_rank_required": true,
      "status_zh": "- **当前交易：** CMC 的 ApeX Omni venue 快照（更新时间 2026-07-15 09:10 UTC）显示 24 小时衍生品成交约 **$500.0M**、未平仓量约 **$115.7M**；这些是 CMC 单点值，波动很快。[ApeX Omni on CMC](https://coinmarketcap.com/exchanges/apex-omni/?type=perpetual)\n- **CMC 衍生品 DEX 排名：** ApeX Omni 排 **#11**。[CMC 衍生品 DEX 榜](https://coinmarketcap.com/rankings/exchanges/dex/?type=derivatives)\n- **资金规模：** DefiLlama 当前协议 TVL 约 **$33.3M**。[DefiLlama](https://defillama.com/protocol/apex-protocol) 没有找到与该快照同日期、定义透明的独立交易者数，因此不展示未经校验的注册用户口径。\n- **运营判断：** 24 小时成交相对 TVL 很高，投资者应核验做市集中度、真实 OI、激励交易占比，以及回购币是留在国库还是永久销毁。",
      "status_en": "- **Current trading:** CMC's ApeX Omni venue snapshot, updated at 09:10 UTC on July 15, 2026, showed about **US$500.0M** of 24-hour derivatives volume and **US$115.7M** of open interest. These are volatile point-in-time CMC figures. [ApeX Omni on CMC](https://coinmarketcap.com/exchanges/apex-omni/?type=perpetual)\n- **CMC derivatives DEX rank:** ApeX Omni ranked **No. 11**. [CMC derivatives DEX table](https://coinmarketcap.com/rankings/exchanges/dex/?type=derivatives)\n- **Capital scale:** DefiLlama reports about **US$33.3M** of current protocol TVL. [DefiLlama](https://defillama.com/protocol/apex-protocol) No same-date, transparently defined unique-trader count was found, so unverified registered-user figures are omitted.\n- **Operating read:** 24-hour volume is high relative to TVL. Market-maker concentration, real open interest, incentive-driven trading, and whether repurchased tokens remain in treasury or are burned need verification.",
      "metrics": [
        {"metric_key": "derivatives_volume_24h", "value": 499971996.46, "unit": "USD", "period": "24h", "scope": "ApeX Omni", "entity_type": "volume", "as_of": "2026-07-15T09:10:14Z", "provider": "CoinMarketCap", "source_url": "https://coinmarketcap.com/exchanges/apex-omni/?type=perpetual", "status": "reported"},
        {"metric_key": "open_interest", "value": 115697829.28, "unit": "USD", "period": "current", "scope": "ApeX Omni", "entity_type": "open_interest", "as_of": "2026-07-15T09:10:14Z", "provider": "CoinMarketCap", "source_url": "https://coinmarketcap.com/exchanges/apex-omni/?type=perpetual", "status": "reported"},
        {"metric_key": "cmc_derivatives_dex_rank", "value": 11, "unit": "rank", "period": "live snapshot", "scope": "CMC DEX derivatives table", "entity_type": "exchange_rank", "as_of": "2026-07-15T09:14:49Z", "provider": "CoinMarketCap", "source_url": "https://coinmarketcap.com/rankings/exchanges/dex/?type=derivatives", "status": "reported"}
      ]
    },
    "THOR": {
      "business_type": "cross-chain DEX aggregator",
      "exchange_rank_required": true,
      "status_zh": "- **产品覆盖：** THORSwap 文档称其界面支持 **8,000+ 资产、18+ chains**，并路由 THORChain、Maya、Chainflip 和 NEAR 等底层；这描述可访问范围，不等于活跃用户数。[THORSwap docs](https://docs.thorswap.finance/thorswap)\n- **当前业务：** DefiLlama 记录最近 30 日 aggregator volume 约 **$29.9M**；在其可测的 5 个同类项目中约排 **#3**、占约 **7.35%**。协议 staking 约 **$6.3M**，但 THORSwap 自身不应套用底层 THORChain 的 TVL 或排名。[DefiLlama](https://defillama.com/protocol/thorswap)\n- **CMC 排名：** CMC 显式现货 DEX 榜没有 THORSwap venue，故标记 **未列出**；不能用 THORChain 排名代替。[CMC 现货 DEX 榜](https://coinmarketcap.com/rankings/exchanges/dex/?type=spot)\n- **运营判断：** 当前路由量较小且依赖多个外部网络，重点应看各底层路由占比、失败率、滑点、界面/合规风险以及 THOR 回购销毁的持续性。",
      "status_en": "- **Product coverage:** THORSwap documentation says its interface supports **8,000+ assets across 18+ chains** and routes through THORChain, Maya, Chainflip, NEAR, and other infrastructure. This is accessible coverage, not active users. [THORSwap docs](https://docs.thorswap.finance/thorswap)\n- **Current business:** DefiLlama records about **US$29.9M** of 30-day aggregator volume. Among five measurable peers in that category it ranks about **No. 3**, with roughly **7.35%** share. Protocol staking is about **US$6.3M**, but THORSwap must not inherit underlying THORChain TVL or rank. [DefiLlama](https://defillama.com/protocol/thorswap)\n- **CMC rank:** No THORSwap venue appears in CMC's explicit spot DEX table, so it is marked **not listed**; THORChain's rank is not substituted. [CMC spot DEX table](https://coinmarketcap.com/rankings/exchanges/dex/?type=spot)\n- **Operating read:** Routing volume is small and depends on several external networks. Underlying-route mix, failure rate, slippage, interface/compliance risk, and the persistence of THOR buyback-and-burn matter most.",
      "metrics": [
        {"metric_key": "aggregator_volume_30d", "value": 29900978, "unit": "USD", "period": "30d", "scope": "THORSwap aggregator", "entity_type": "volume", "as_of": "2026-07-15", "provider": "DefiLlama", "source_url": "https://defillama.com/protocol/thorswap", "status": "reported"},
        {"metric_key": "dex_aggregator_rank", "value": 3, "unit": "rank", "period": "30d", "scope": "DefiLlama DEX aggregator category; 5 measurable protocols", "entity_type": "protocol_rank", "as_of": "2026-07-15", "provider": "DefiLlama calculation", "source_url": "https://defillama.com/protocols/Dexes%20Aggregator", "status": "reported"},
        {"metric_key": "cmc_spot_dex_rank", "value": null, "unit": "rank", "period": "live snapshot", "scope": "CMC DEX spot table", "entity_type": "exchange_rank", "as_of": "2026-07-15T09:14:49Z", "provider": "CoinMarketCap", "source_url": "https://coinmarketcap.com/rankings/exchanges/dex/?type=spot", "status": "not_listed"}
      ]
    },
    "HYPE": {
      "business_type": "L1 order-book exchange and execution network",
      "exchange_rank_required": true,
      "status_zh": "- **用户与交易：** Token Terminal 截至 2026-07-14 记录 **74,881 个日活地址**、**333,816 个30日滚动月活地址**；当日永续名义成交约 **$10.43B**、未平仓量 **$5.66B**。地址不是实名用户，且口径合并 HyperCore 与部分 HyperEVM 活动。[DAU](https://tokenterminal.com/explorer/projects/hyperliquid/metrics/user-dau) · [MAU](https://tokenterminal.com/explorer/projects/hyperliquid/metrics/user-mau) · [Volume](https://tokenterminal.com/explorer/projects/hyperliquid/metrics/notional-trading-volume)\n- **CMC 衍生品 DEX 排名：** 2026-07-15 09:50 UTC，Hyperliquid 为 **#1 / 22**，24小时衍生品成交约 **$9.56B**、OI **$5.55B**、CMC 样本份额 **19.16%**、401 个市场；只适用于 HyperCore 衍生品 venue。[CMC 衍生品 DEX 榜](https://coinmarketcap.com/rankings/exchanges/dex/?type=derivatives)\n- **收入与回购：** 永续、现货和部分协议市场交易费进入 Assistance Fund 后自动买入 HYPE；资金费率在多空之间结算，不是协议收入。现货/HIP-3 部署者分成、builder fees 与 maker rebates 使“所有费用99%回购”并不准确。[官方费用文档](https://hyperliquid.gitbook.io/hyperliquid-docs/trading/fees)\n- **供应风险：** 官方 API 的 circulatingSupply 约 **298.82M HYPE**，明显高于 CMC/CG 的跨项目市场口径；按官方供应重算，TTM earnings 倍数约 **24.8x**。详情必须同时看供应定义、未来 emissions 与 Assistance Fund 的不可流通处理。[官方 API 文档](https://hyperliquid.gitbook.io/hyperliquid-docs/for-developers/api/info-endpoint/spot)",
      "status_en": "- **Users and trading:** Token Terminal recorded **74,881 daily active addresses** and **333,816 rolling-30-day monthly active addresses** on July 14, 2026, with about **US$10.43B** of daily perpetual notional volume and **US$5.66B** of open interest. Addresses are not verified people and the scope combines HyperCore with some HyperEVM activity. [DAU](https://tokenterminal.com/explorer/projects/hyperliquid/metrics/user-dau) · [MAU](https://tokenterminal.com/explorer/projects/hyperliquid/metrics/user-mau) · [Volume](https://tokenterminal.com/explorer/projects/hyperliquid/metrics/notional-trading-volume)\n- **CMC derivatives DEX rank:** At 09:50 UTC on July 15, Hyperliquid ranked **No. 1 of 22**, with about **US$9.56B** of 24-hour derivatives volume, **US$5.55B** of OI, **19.16%** of CMC's sample, and 401 markets. This applies only to the HyperCore derivatives venue. [CMC derivatives DEX table](https://coinmarketcap.com/rankings/exchanges/dex/?type=derivatives)\n- **Revenue and repurchases:** Perpetual, spot, and selected protocol-market fees reach the Assistance Fund, which automatically buys HYPE. Funding is exchanged between longs and shorts and is not protocol revenue. Spot/HIP-3 deployer shares, builder fees, and maker rebates mean that saying “99% of all fees is repurchased” is too broad. [Official fee documentation](https://hyperliquid.gitbook.io/hyperliquid-docs/trading/fees)\n- **Supply risk:** The official API reports circulatingSupply of about **298.82M HYPE**, materially above CMC/CG cross-project market conventions; that supply would imply an earnings multiple near **24.8×**. Supply definitions, future emissions, and the Assistance Fund's non-circulating treatment must be reviewed together. [Official API documentation](https://hyperliquid.gitbook.io/hyperliquid-docs/for-developers/api/info-endpoint/spot)",
      "metrics": [
        {"metric_key": "active_addresses_daily", "value": 74881, "unit": "addresses", "period": "daily", "scope": "Hyperliquid project", "entity_type": "active_addresses", "as_of": "2026-07-14", "provider": "Token Terminal", "source_url": "https://tokenterminal.com/explorer/projects/hyperliquid/metrics/user-dau", "status": "reported"},
        {"metric_key": "active_addresses_monthly", "value": 333816, "unit": "addresses", "period": "rolling 30d", "scope": "Hyperliquid project", "entity_type": "active_addresses", "as_of": "2026-07-14", "provider": "Token Terminal", "source_url": "https://tokenterminal.com/explorer/projects/hyperliquid/metrics/user-mau", "status": "reported"},
        {"metric_key": "perpetual_volume_daily", "value": 10428000000, "unit": "USD", "period": "daily", "scope": "HyperCore perpetuals", "entity_type": "volume", "as_of": "2026-07-14", "provider": "Token Terminal", "source_url": "https://tokenterminal.com/explorer/projects/hyperliquid/metrics/notional-trading-volume", "status": "reported"},
        {"metric_key": "open_interest", "value": 5655000000, "unit": "USD", "period": "current", "scope": "HyperCore perpetuals", "entity_type": "open_interest", "as_of": "2026-07-14", "provider": "Token Terminal", "source_url": "https://tokenterminal.com/explorer/projects/hyperliquid/metrics/open-interest", "status": "reported"},
        {"metric_key": "cmc_derivatives_dex_rank", "value": 1, "unit": "rank", "period": "live snapshot", "scope": "CMC DEX derivatives table; 22 venues", "entity_type": "exchange_rank", "as_of": "2026-07-15T09:50:00Z", "provider": "CoinMarketCap", "source_url": "https://coinmarketcap.com/rankings/exchanges/dex/?type=derivatives", "status": "reported"},
        {"metric_key": "official_circulating_supply", "value": 298815299.62, "unit": "HYPE", "period": "current", "scope": "Hyperliquid official tokenDetails", "entity_type": "circulating_supply", "as_of": "2026-07-15T09:49:00Z", "provider": "Hyperliquid API", "source_url": "https://hyperliquid.gitbook.io/hyperliquid-docs/for-developers/api/info-endpoint/spot", "status": "reported"}
      ]
    },
    "QUICK": {
      "business_type": "multichain DEX",
      "exchange_rank_required": true,
      "status_zh": "- **当前业务：** QuickSwap 最近 30 日聚合成交约 **$566.5M**，约占 DefiLlama 全球 DEX 样本 **0.28%**、Polygon DEX 样本 **5.83%**；当前 TVL 约 **$284.4M**。[DefiLlama](https://defillama.com/protocol/quickswap)\n- **CMC 现货 DEX 排名（逐 venue）：** QuickSwap **#18**、v3 Polygon **#46**、v2 Base **#303**、v3 Manta **#348**。[CMC 现货 DEX 榜](https://coinmarketcap.com/rankings/exchanges/dex/?type=spot)\n- **用户口径：** 未找到同日期、可跨协议比较的独立交易钱包数，因此不把零散地址数据当作用户。\n- **运营判断：** TVL 相对成交量较高，但当前 Polygon 成交份额和全球绝对量有限；需要跟踪 Polygon 生态竞争、多链部署是否形成真实增量、LP 资本效率与 QUICK 回购/质押分配。",
      "status_en": "- **Current business:** QuickSwap generated about **US$566.5M** of aggregated 30-day volume, roughly **0.28%** of DefiLlama's global DEX sample and **5.83%** of its Polygon DEX sample, with about **US$284.4M** of TVL. [DefiLlama](https://defillama.com/protocol/quickswap)\n- **CMC spot DEX ranks by venue:** QuickSwap **No. 18**, v3 Polygon **No. 46**, v2 Base **No. 303**, and v3 Manta **No. 348**. [CMC spot DEX table](https://coinmarketcap.com/rankings/exchanges/dex/?type=spot)\n- **User metric:** No same-date, cross-protocol-comparable unique trading-wallet count was found, so fragmented address data are not presented as users.\n- **Operating read:** TVL is high relative to volume, while current Polygon share and global absolute volume are limited. Polygon competition, whether multichain deployments add genuine activity, LP capital efficiency, and QUICK buyback/staking distributions need monitoring.",
      "metrics": [
        {"metric_key": "dex_volume_30d", "value": 566527264, "unit": "USD", "period": "30d", "scope": "QuickSwap family", "entity_type": "volume", "as_of": "2026-07-15", "provider": "DefiLlama", "source_url": "https://api.llama.fi/summary/dexs/quickswap?dataType=dailyVolume", "status": "reported"},
        {"metric_key": "polygon_dex_share_30d", "value": 0.0583, "unit": "share", "period": "30d", "scope": "DefiLlama Polygon DEX sample", "entity_type": "market_share", "as_of": "2026-07-15", "provider": "DefiLlama calculation", "source_url": "https://api.llama.fi/overview/dexs?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyVolume", "status": "reported"},
        {"metric_key": "cmc_spot_dex_ranks", "value": [{"venue": "QuickSwap", "rank": 18}, {"venue": "QuickSwap v3 Polygon", "rank": 46}, {"venue": "QuickSwap v2 Base", "rank": 303}, {"venue": "QuickSwap v3 Manta", "rank": 348}], "unit": "rank", "period": "live snapshot", "scope": "CMC DEX spot table; venue-level", "entity_type": "exchange_rank", "as_of": "2026-07-15T09:14:49Z", "provider": "CoinMarketCap", "source_url": "https://coinmarketcap.com/rankings/exchanges/dex/?type=spot", "status": "reported"}
      ]
    }
  }
}