TVL is $14.1M (24h +1.50%), while trading activity is $16.3M in 24h and +88.57% day-over-day volume change. Scale over time: $74.3M (7d) and $307.4M (30d) volume. Fee run-rate: $16.4K (24h), $53.9K (7d), $310.0K (30d); all-time fees $3.4M.

Capital turnover is high: Volume/TVL = 16.3/14.1 = 1.16x per day, implying liquidity is being recycled more than once daily. Cumulative turnover: 7d Volume/TVL = 74.3/14.1 = 5.27x and 30d = 307.4/14.1 = 21.80x, consistent with an active trading venue relative to its liquidity base.

Listing breadth is moderate: 45 coins across 48 pairs (only 1.07 pairs/coin), suggesting liquidity is concentrated into a small set of routes rather than many long-tail markets. GeckoTerminal shows pool reserves of $13.7M, covering ~97.2% of protocol TVL (13.7/14.1). Activity depth: 120,973 24h transactions and 14,674 estimated active users (~8.24 tx/user/day); average trade size is ~$133/tx ($16.1M / 120,973). Top pairs (e.g., SOL/USDC, WETH/USDC) indicate stablecoin-anchored flow and likely tighter effective routing versus exotic pairs.

TVL is 100% on Solana ($14.1M), so both liquidity risk and growth are tightly coupled to Solana’s market conditions and ecosystem demand. This single-chain profile can improve execution consistency (one fee model + one liquidity environment) but reduces diversification versus multi-chain DEX peers.

Monetization is low-take-rate: implied fee rate is ~10.1 bps ($16.4K / $16.3M) and revenue capture is ~1.2 bps ($2.0K / $16.3M), with revenue/fees at ~12.2% ($2.0K/$16.4K); 30d shows similar levels (~10.1 bps fees; ~1.2 bps revenue). Market traction is supported by high turnover and user/tx counts, but protocol assurance is weaker with 0 audits and Trust Score: N/A; combined with a relatively new oldest pool date (2025-06-26, ~9 months), this points to strong activity but still-developing maturity/risk controls.