2026-01-19 18:45:31

The DEX ecosystem on EVM chains is experiencing rapid expansion. According to on-chain data, the tradable assets of a leading DEX platform have already surpassed 14.4 million. Even more astonishing is that this number has increased by 12.8 million over the past year — in other words, the current number is roughly double what it was before. What does this reflect? The liquidity in the DeFi market is becoming increasingly fragmented, with various small coins and new project tokens able to find trading pairs. The ecosystem activity is indeed rising. However, the surge in asset numbers also means that risks and opportunities coexist, and the difficulty of choosing the right tokens has also increased.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

13 Likes

Reward
13
4
Repost
Share

Comment

0/400

DefiVeteran

· 8h ago

14.4 million coins? My goodness, how much of that is just air? --- Liquidity fragmentation is just another way of saying "chaos." There are opportunities to pick up bargains, but 99% are traps. --- Doubling in value sounds great, but the difficulty of choosing coins also doubles. Who benefits? --- New small coin projects can all get listed on the exchange, it feels like DEX has become a garbage dump. --- These numbers look intimidating, but what about actual trading volume? Does anyone know? --- Opportunities and risks coexist? Sounds nice, but in reality, it's just increasingly sophisticated gambling. --- I just want to ask, out of these 14.4 million coins, how many are worth touching? --- Last year doubled, is it still doubling this year? That’s a bit ridiculous, brothers. --- Active ecosystem ≠ active profit-making. Don’t be fooled by the data. --- Difficulty in choosing coins up, difficulty in harvesting profits down, a perfect balance.

View OriginalReply0

DoomCanister

· 8h ago

14.4 million assets? Wow, how long would it take to mine enough to find good coins? --- Liquidity fragmentation sounds sophisticated, but basically it means 99% of the trash coins are just looking for someone to take over. --- The difficulty of choosing coins has increased, and that's true. It feels like any token can be launched now, with too much gambling involved. --- Doubling in value sounds great, but how many of these projects are truly valuable... I have no idea. --- Is the ecosystem activity increasing? Or is it just funds harvesting profits across various coins?

View OriginalReply0

DAOplomacy

· 8h ago

honestly, the tokenomics here are... let's call it sub-optimal. 14.4m assets sounds impressive until you realize it's mostly governance theater and exit liquidity waiting to happen.

Reply0

LiquidationSurvivor

· 8h ago

14.4 million assets? Man, how many of those are trash coins? --- Liquidity fragmentation is just a euphemism; in plain terms, 99% are air. --- Difficulty has increased? That's called a landmine coming up, alright. --- Doubling growth sounds impressive, but only a few top players can really trade. --- The difficulty of choosing coins has increased = the probability of selecting coins becomes gambling, I believe it. --- This data is frightening, but I just want to know how many trading pairs are created by bots. --- Fragmented liquidity = easier to be exploited, no problem.

View OriginalReply0