DEX Activity

Overview

### Pair Categories
The classification of pair categories is determined in a top-to-bottom manner.

- **SOL-Stablecoin**: the trade involves SOL and a stablecoin.
- **Bitcoin**: the trade involves a Bitcoin-pegged asset. Some notable trading pairs are BTC-ETH, BTC-USD, and BTC-BTC (for example, cbBTC-WBTC).
- **Stablecoin Swaps**: the trade has both the bought token and sold token as stablecoins.
- **LST Swaps**: the trade involves a Liquid Staking token.
- **Tokenized Assets**: the trade involves a tokenized asset. Examples include Gold, Equities, and Treasuries.
- **Composite Assets**: the trade involves an composite asset. Examples include leveraged crypto tokens, portfolio of crypto tokens, and LP tokens.
- **Project Tokens**: the trade involves tokens that are issued by projects. An example would be governance tokens and L1 tokens (not including BTC or SOL).
- **AI Agents**: the trade involves an AI agent token.
- **Memes**: The remaining volume from known memecoins as well as unclassified tokens.

### Trade Source
Where the trade is executed
- **Direct**: With the DEX directly
- **DEX Aggregator**: comes from a DEX aggregator
- **Trading Program**: comes from an automated program such as an MEV bot or a trading platform program such as Axiom

Lifinity: DEX Volume

Classification of trader frequency:
- **High Frequency Trader**: Has, on average, more than 10,000 daily Solana DEX trades.
- **Medium Frequency Trader**: Has, on average, 1,000 - 10,000 daily Solana DEX trades.
- **Low Frequency Trader**: Has, on average, less than 1,000 daily Solana DEX trades.

A trader frequency is based on how many DEX trades an address executes daily

Lifinity: DEX Volume based on Trader Frequency

Lifinity: TVL

Lifinity: Active Traders

Lifinity: Volume through DEX Aggregators

- High-Frequency Trader: Executes over 10k trades per day
- Market Maker: From a known market maker address such as Wintermute

Based on the past 30 days

Lifinity: Top DEX Pools

Treasury Companies

Crypto ETFs

Funding and M&A

Centralized Exchanges

Decentralized Exchanges

App Compare

Chain Comparison

L2 Comparison

Launchpads

Aptos

Avalanche

Berachain

Bitcoin

Celestia

Ethereum

Polygon PoS

SKALE

Solana

Arbitrum

Base

Celo

OP Mainnet

Unichain

ZKsync Era

Aries

Drift

Ellipsis Labs

Fluid

Hyperliquid

Lifinity

MakerDAO

Marinade

Meteora

Morpho

Orca

Raydium

Spark

Axiom

Polymarket

Pump.fun

Vector

Virtuals

Zora

GEODNET

OP Superchain

ZKsync Elastic Network

Bitcoin ETF

Ethereum ETF

Markets

Sectors

Layer 1

Layer 2

Finance

Consumer

DePin

Chain Clusters

ETFS

Lifinity: DEX Activity