Protocols have… moats? 😳Matt (@MattFiebach):Launching a DEX or lending market has got to be so brutal. Uni & Aave liquidity moats + low risk premium are killers.Unless you have a sharp high-growth niche or 8 figs in incentives, your protocol needs to be 10x better, not even 50% better will cut it. ...

RT Token Terminal 📊 (@tokenterminal)⛓️💱Top 10 fee-generating DEXs:1. @PancakeSwap2. @Uniswap3. @pumpdotfun4. @AxiomExchange5. @RaydiumProtocol6. @AerodromeFi7. @orca_so8. @phantom9. @CurveFinance10. @QuickswapDEX https://t.co/Qcs4qXwSzO ...

🚨 The monthly DEX trading volume is close to all-time highs at ~$500 billion.The DEX market sector took off properly in July '20. https://t.co/eq2aADJ0vW ...

RT Token Terminal 📊 (@tokenterminal)💵🌱 @placeholdervc co-led @orca_so's $18M Series A in 2021.Four years later, Orca is among the top DEXs on @solana. https://t.co/IobBDzbjTb ...

RT Token Terminal 📊 (@tokenterminal)💵🌱 @paradigm led @Uniswap's $1.8 million seed round back in 2019.Six years later, the DEX has facilitated close to $3 trillion in trading volume. https://t.co/3Z5iACTgiP ...