DODO
DODOA decentralized trading and liquidity platform based on PMM
Performances
RD Popularity Index
RD Growth Index
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.37% | 0.38% | 3.16% | 22.92% | 24.09% | 65.20% |
Revenue & Burn
Protocol income
$8.67KBuyback funds
--Burn funds
--Buyback ratio
--Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Nov 2026 | $8.67K | -- | -- | -- |
| Oct 2026 | $35.09K | -- | -- | -- |
| Sep 2026 | $45.73K | -- | -- | -- |
| Aug 2026 | $35.75K | -- | -- | -- |
| Jul 2026 | $57.44K | -- | -- | -- |
| Jun 2026 | $52.78K | -- | -- | -- |
Comparison
Sub Organizations
Tokenomics
Unlock Progress
Data source: CoinGecko
On-chain Holding
| Holding Token | Price | Amount | Total Value |
|---|---|---|---|
| No Data | |||
Top Holders
| Address | Token | Quantity | Percentage | Value |
|---|---|---|---|---|
| Binance 8 (acec) |   DODO | 282,942,492.24 | 28.29% | $6.23M |
| 0x4447...d634 | DODO | 224,296,595.65 | 22.43% | $4.94M |
| Binance 28 (efcb) | DODO | 154,928,592.43 | 15.49% | $3.41M |
Follow Updates
Follow Lists
People
About DODO
DODO is a decentralised exchange deployed across more than ten chains including Ethereum, BNB Chain, Arbitrum and Base, built on a proactive market maker algorithm: pools concentrate capital near the oracle price and shift the curve as inventory changes, so the same depth uses less capital. It addresses the low capital efficiency of constant-product pools and the cost of market making in long-tail assets. Trades settle in a single contract, a router aggregates quotes across pools, and market makers set their own fees and asset weights; oracle prices and curve shifts set the fill, arbitrageurs pull pool prices back to market, and inventory risk rests on the active market maker rather than passive depositors.
The trade-off is that quotes depend heavily on oracles and on how market makers manage inventory, long-tail assets are easily arbitraged in violent moves, and fee revenue is modest at about $66,840 a month; Binance has also delisted the DODO/BTC pair, narrowing spot access further.
DODO initiated the DIP-19 proposal to migrate Ethereum liquidity pools to DODOchain.
Via the DIP-20 proposal, the community allocated 10 million DODO to incentivize BTC trading pairs.
The Arbitrum community approved providing 350,000 ARB to DODO.
Buybacks and revenue: 15% of public pool fees funds buybacks distributed to vDODO holders; in June 2026 protocol revenue was $66,840 with $50,130 used for buybacks, an annualized pace of about $139,000 against a price-to-sales ratio above 140 times.
Supply and progress: All 1 billion tokens already circulate, removing unlock pressure; DODO shipped DEXpert V2 and the BirdFly V1 meme launchpad and plans Solana support; the DODOchain L3 remains in internal testnet with a public testnet pushed to late Q3 or Q4 2026, and Binance delisted DODO/BTC in March.
Through 2026 DODO's product push centred on DEXpert V2 and BirdFly V1, a meme launchpad offering token creation, liquidity migration, custom filters and social trend aggregation, while the core protocol planned support for Solana and SVM. In March, Binance delisted the DODO/BTC spot pair.
DODO's fundamentals kept shrinking: TVL sits near $12.9 million, weekly volume fell 56% over seven days with fees down 22%, and the treasury holds about $72,600; June protocol revenue was roughly $66,840, of which $50,130 went to buybacks, implying annualised revenue near $139,000 and a price-to-sales ratio above 140x. On August 6 the token jumped 61.41% to $0.03013 before fading, with the top 100 wallets holding 96.49% of supply.
Future strategy and roadmap: DODO's 2026 product line is DEXpert V2 and the Meme launchpad BirdFly V1, which offers token creation, liquidity migration, custom filters, and social hype aggregation. Next it will extend core PMM market-making to Solana and SVM and keep routing 15 percent of public-pool fees to buyback and vDODO distribution. The team leans on BirdFly to capture Meme volume, trying to stabilize revenue amid shrinking trade counts. The priority is using multi-chain deployment and the launchpad to reposition the DEX as a one-stop issuance and trading entry for Meme and long-tail assets.
Mingda Lei, known as Radar Bear, is co-founder and CEO of DODO. He read physics at Peking University, moved into computation and on-chain market making, and wrote core code at DDEX. In April 2020 he sketched the Proactive Market Maker, and that year he led the deployment of DODO's contracts on Ethereum.
Diane Dai, co-founder and CMO, began translating and writing about DeFi in 2017 and founded the DeFi Labs community, owning brand, community and listing cadence. Qi Wang, co-founder and COO, previously founded the oracle project DOS Network and brought price feeds and cross-chain liquidity into DODO. The split is product, market and infrastructure.
DODO charges a 0.1% SmartTrade routing fee; DODO liquidity pools offer three tiers of 0.01%, 0.3% and 1%, and 20% of public pool fees go to the community treasury.