Fluid β Statistical Analysis
Fluid's TVL and trading volume indicate a relatively healthy DeFi protocol, but its capital efficiency and liquidity spread raise some concerns.
Updated: Β· Data Window: 24h / 7d / 30d (varies by metric availability)
1. Market Overview
Fluid's total value locked (TVL) stands at $258.7M, with a 24h trading volume of $187.05M. The protocol lists 43 coins across 52 trading pairs, indicating a moderate level of market activity.
2. Capital Efficiency
The Volume/TVL ratio is 0.72, indicating that the protocol's capital efficiency is relatively low. This suggests that the protocol may be holding more capital than necessary to facilitate its current trading volume.
3. Liquidity & Pair Spread
Fluid's liquidity is spread across 52 trading pairs, with a ratio of 1.21 pairs per coin. This indicates a moderate level of liquidity concentration, with some pairs potentially being more liquid than others.
4. Chain Dominance
Ethereum dominates Fluid's TVL, holding 57.2% of the total TVL, followed by Plasma with 26.4%, and Arbitrum with 15.0%. This suggests that Ethereum remains the preferred chain for Fluid's users.
5. Analyst Verdict
Fluid's trust score is N/A, and it has not undergone any audits. While its TVL and trading volume are respectable, the protocol's capital efficiency and liquidity spread raise concerns. Further analysis is needed to fully assess Fluid's protocol health.