Performances
RD Popularity Index
RD Growth Index
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.10% | 0.12% | 46.57% | 9.16% | 24.24% | 50.94% |
Revenue & Burn
Protocol income
$360.53Buyback funds
--Burn funds
--Buyback ratio
--Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Nov 2026 | $360.53 | -- | -- | -- |
| Oct 2026 | $2.29K | -- | -- | -- |
| Sep 2026 | $1.59K | -- | -- | -- |
| Aug 2026 | $6.61K | -- | -- | -- |
| Jul 2026 | $4.65K | -- | -- | -- |
| Jun 2026 | $10.66K | -- | -- | -- |
Comparison
Fundraising
Top Holders
| Address | Token | Quantity | Percentage | Value |
|---|---|---|---|---|
| 0xe0e2...ec48 |   MOE | 32,823,486.89 | 35.49% | $479.9K |
| Null: 0x000...dEaD (dead) | MOE | 7,501,784.06 | 8.11% | $109.68K |
| 0x60a6...a704 | MOE | 4,630,375.47 | 5.01% | $67.69K |
Open Markets
| # | Exchange | Pair | Price | +2% depth | -2% depth | Volume (24h) | volume % |
|---|---|---|---|---|---|---|---|
| 1 | MTO/WETH | $0.03159 | $3,270 | $3,260 | $119 | 17.93% |
Follow Updates
Follow Lists
People
About Merchant Moe
Merchant Moe is a decentralized exchange on Mantle and one of the ecosystem's main liquidity hubs. It ports Trader Joe's Liquidity Book model, in which liquidity sits in discrete price bins with their own fee tiers rather than being spread across the whole curve, letting market makers concentrate capital where trading is heaviest. That lowers slippage for traders and makes market-making returns more predictable, at the cost of requiring active range management.
Its difference from general-purpose DEXs is tight coupling to one ecosystem: incentives are paid in MNT and assets are mostly Mantle-native or bridged, so depth rises and falls with the chain's activity. In June 2026 it worked with xStocks to launch tokenized equity pools on Mantle, starting with a SpaceX tracking asset and using MNT rewards to seed market making. Depth in such pools depends on emission levels and thins out when the underlying market is closed.
On December 27, 2023, Merchant Moe received a seed investment from the Mantle EcoFund and liquidity support from the Mantle Treasury under MIP-28, positioning it as the liquidity hub of the Mantle ecosystem.
On December 16, 2023, Paladin Blockchain Security completed an audit of Merchant Moe's contracts, covering Moe, MasterChef, MoeStaking, StableMoe, VeMoe, and other core contracts; all High and Medium risks were resolved.
On January 8, 2024, Merchant Moe officially launched its platform, and on January 9, 2024, it issued the MOE token.
On April 9, 2024, Merchant Moe deployed the Liquidity Book V2.2 AMM on Mantle Network and enabled Concentrated Incentives, the first hook built on Liquidity Book.
In 2026, no verifiable major milestones for Merchant Moe were found, including funding, product upgrades, security incidents, or team changes.
Incentives: Merchant Moe launched its Project X program on June 13, the day Mantle listed tokenized SpaceX equity SPCXx, committing 100,000 MNT to liquidity providers and opening the SPCXx/USDT0 pool first.
Fundamentals: TVL is about $21.35 million on more than $10 billion of cumulative DEX volume. MOE has a fixed 500 million supply with 48-month decaying emissions; staking yields sMOE for fee share and locking yields veMOE for governance and gauge votes, but no buyback or revenue figures were disclosed in the past six months.
Merchant Moe became one of the official liquidity venues for Mantle and xStocks' tokenized SpaceX equity SPCXx on June 12, 2026, listing the asset alongside Fluxion to open Mantle's tokenized-IPO trading season. It simultaneously launched Project X, an incentive program distributing up to 100,000 MNT to liquidity providers in the SPCXx/USDT0 pool, and will serve as the priority liquidity venue for subsequent high-demand xStocks listings.
Future strategy and roadmap: Future strategy: Project X will span the tokenized-equity issuances rolling out through the summer, with Merchant Moe as the priority liquidity venue for each new listing. Built on xBridge cross-chain rails and Mantle's distribution layer, the project aims to close the loop of "issuance (xStocks) - execution (Fluxion) - incentivized liquidity (Merchant Moe)", making RWA equities accessible 24/7 on-chain for both retail and institutional participants.
0xMurloc — Co-founder; from the Trader Joe team, he leads the Mantle-native DEX and liquidity hub, which is backed by Mantle EcoFund.
Merchant Moe charges 0.3% on every trade routed through Moe Classic AMM pools, splitting it into 0.25% for liquidity providers and 0.05% for the protocol.
Merchant Moe's Liquidity Book pools start at 0.02% for stablecoin pairs and rise to 0.8% for certain pools, peaking at 2.48% under Surge Pricing in volatile conditions.
Merchant Moe takes a protocol share of pool fees by market type: 0 to 5% for stablecoin pairs, 10 to 25% for alt stables and staked assets, 10% for majors and network tokens, 15 to 20% for altcoins and 25% for long-tail assets.