In 2025, the DEX ecosystem discussion still revolves around TVL numbers— the larger the scale, the louder the voice, but the actual value remains uncertain. From a different perspective, liquidity should be closer to real trading needs. Dynamic Liquidity Market Making Pools (DLMM) keep funds active, with trading volume appearing where users actually trade, avoiding liquidity fragmentation caused by manual resets. This is the true reflection of DEX competitiveness—not just on paper, but where actual trading occurs.
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MissingSats
· 19h ago
The TVL number game should have gone bankrupt long ago; the truly useful DEXs focus on where the trades actually happen.
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MonkeySeeMonkeyDo
· 12-30 05:54
The way of counting TVL numbers really needs to be changed; the DLMM approach is indeed more down-to-earth.
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NftMetaversePainter
· 12-30 05:50
actually, the true algorithmic elegance here lies in how dlmm fundamentally reorients liquidity provision through computational optimization rather than mere tvl theater... this is what i've been exploring in my generative liquidity series
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BearMarketMonk
· 12-30 05:41
The TVL number game should have gone bankrupt long ago. Basically, it's just about who’s really executing transactions.
In 2025, the DEX ecosystem discussion still revolves around TVL numbers— the larger the scale, the louder the voice, but the actual value remains uncertain. From a different perspective, liquidity should be closer to real trading needs. Dynamic Liquidity Market Making Pools (DLMM) keep funds active, with trading volume appearing where users actually trade, avoiding liquidity fragmentation caused by manual resets. This is the true reflection of DEX competitiveness—not just on paper, but where actual trading occurs.