Balancer vs Project X

πŸ‘‘ Overall Winner
Balancer

Balancer

Dexs

Ethereum-first AMM DEX using a vault architecture with customizable pools, dynamic fees, and hooks.

Project X

Project X

Dexs

Hyperliquid L1 DEX prioritizing distribution and UX, with $105M 24h volume and $43.3M TVL.

Metric Balancer Project X
Volume (24h) $129.9M $171.5M πŸ†
Volume (7d) $177.4M $780.3M
Volume (30d) $1.01B $1.77B
TVL $70.4M πŸ† $41.6M
Supported Chains 9 πŸ† 1
Fees (24h) $4K $142K πŸ†
Fees (7d) $38K $684K
Fees (30d) $251K $1.6M
Revenue (24h) $497 $20K
Revenue (30d) $50K $222K
Market Cap $9.3M N/A
FDV $10.4M N/A
Trading Pairs 448 πŸ† 8
Supported Coins 161 41
Year Established 2020 2025
Audit Status Not Audited Not Audited
πŸ† Balancer leads 3:2

Balancer β€” Supported Chains (9)

Ethereum Monad Arbitrum Base Hyperliquid L1 Plasma Avalanche Optimism xDai

Project X β€” Supported Chains (1)

Hyperliquid L1

πŸ“ˆ Historical Trends

Left axis = Balancer (purple), Right axis = Project X (green) β€” independent scales

TVL (Total Value Locked)

Total USD value of assets deposited, representing user trust and liquidity depth.

Daily Trading Volume

Total trading volume over 24 hours, indicating platform activity and market-maker opportunities.

Daily Fees

Total trading fees paid by users, representing the gross value created for Liquidity Providers (LPs).

Daily Revenue

The portion of fees distributed to token holders or the protocol treasury, showing actual protocol profitability.

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