Nest β Statistical Analysis
Nest DEX demonstrates moderate market traction with a notable TVL and trading volume, but faces challenges in capital efficiency and liquidity spread.
Updated: Β· Data Window: 24h / 7d / 30d (varies by metric availability)
1. Market Overview
$21.1M TVL and $2.0M 24h Trading Volume indicate a moderate-sized DEX with a relatively small but active market. The 14.02% 24h price change suggests a volatile market.
2. Capital Efficiency
The Volume/TVL ratio of 0.095 (=$2.0M / $21.1M) indicates a relatively low capital efficiency, suggesting that the protocol's liquidity is not being fully utilized. This may be due to the limited number of trading pairs and coins.
3. Liquidity & Pair Spread
With 20 trading pairs and 13 listed coins, the liquidity is somewhat concentrated. The $901.5M 30d volume suggests that a significant portion of the liquidity is concentrated in a few pairs, which may lead to liquidity fragmentation.
4. Chain Dominance
Hyperliquid L1 dominates the TVL with $21.1M, indicating a high dependence on this chain. This may pose risks to the protocol's overall health if the chain experiences downtime or other issues.
5. Analyst Verdict
While Nest DEX has a notable TVL and trading volume, its capital efficiency and liquidity spread are areas of concern. The protocol's dependence on Hyperliquid L1 also poses risks. Overall, Nest DEX has a moderate score of 4.0, indicating room for improvement.