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I was looking through @tokenterminal and noticed something interesting about how DEXs rank when you compare total volume vs avg volume per user ↓
@CurveFinance: $100.5K in vol per user vs. $9.7B 30d volume
@0xfluid: $44.2K in vol per user vs. $7.8B 30d volume
@PharaohExchange: $39.2K in vol per user vs. $900.9M 30d volume
@CoWSwap: $36.6K in vol per user vs. $3.67B 30d volume
@tokenlon: $28.2K in vol per user vs. $304M 30d volume
@KyberNetwork: $19.8K in vol per user vs. $8.69B 30d volume
@AerodromeFi: $17.1K in vol per user vs. $12.5B 30d volume
@LFJ_gg: $16.4K in vol per user vs. $1.4B 30d volume
@orca_so: $13.5K in vol per user vs. $5.7B 30d volume
@Uniswap: $6.3K in vol per user vs. $44.3B 30d volume
NGL, the gap is pretty insane, but I think that’s the point.
Because the 30d volume shows how much was traded overall while the avg volume per user shows if that volume came from big traders or lots of smaller users.