Binance Research publishes report on “Uncovering DeFi Fundamentals: Decentralized Exchanges”
Binance Research has just published a report titled “Uncovering DeFi Fundamentals: Decentralized Exchanges”. The report includes a review of the DEX market landscape, a deep-dive into some of the top DEXes, an analysis of financial and valuation ratios, as well as a write-up on the future outlook of the market.
In terms of coverage, the team examined six DEXes - Uniswap, PancakeSwap, Curve, Balancer, Trader Joe, and Serum - and shared insights with regard to profitability and the tokenomics of these DEXes.
For more details, the full report can be found here: https://research.binance.com/en/analysis/decentralized-exchanges
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