Still using 7D volume to measure the potential of early perp DEXs?
Volume shows activity.
But AUM shows capital depth.
For early perp DEXs, I’d rather track AUM proxies — vault liquidity, TVL, and capital retained inside the system:
@extendedapp — ~$138.4M AUM proxy
@StandX_Official — ~$41.6M AUM proxy
@pacifica_fi — ~$27.1M AUM proxy
@AFX_XYZ — ~$20.1M LP vault AUM
High volume can be temporary.
But capital staying inside the system is harder to fake.
https://app.afx.xyz/trade/BTCUSDC?src=bn
Volume shows activity.
But AUM shows capital depth.
For early perp DEXs, I’d rather track AUM proxies — vault liquidity, TVL, and capital retained inside the system:
@extendedapp — ~$138.4M AUM proxy
@StandX_Official — ~$41.6M AUM proxy
@pacifica_fi — ~$27.1M AUM proxy
@AFX_XYZ — ~$20.1M LP vault AUM
High volume can be temporary.
But capital staying inside the system is harder to fake.
https://app.afx.xyz/trade/BTCUSDC?src=bn