Protocol Information

Bluefin is a decentralized spot and derivatives exchange built for both professional and first-time traders. It focuses on security, transparency and redefining the user experience of using on-chain trading platforms - and is backed by Polychain, SIG, Brevan Howard, and other leading firms.

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

Fees:
Bluefin Legacy: Fees paid by usersView code on GitHubBluefin Spot: Swap fees paid by usersView code on GitHubAlphaLend: All fees paid/earned while using lending/borrowing and liquidation.View code on GitHubBluefin Pro: Fees paid by usersView code on GitHub

Revenue:
Bluefin Legacy: Treasury and token holders revenueView code on GitHubBluefin Spot: Percentage of swap fees going to treasury and/or token holdersView code on GitHubAlphaLend: Fees collected by protocol native markets.View code on GitHubBluefin Pro: Treasury and token holders revenueView code on GitHub

DEX Volume: Volume of all spot token swaps that go through the protocol

DEX Aggregator Volume: Volume of all spot token swaps that go through the protocol

Perp Volume: Notional volume of all trades in the protocol, includes leverage

Incentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.

Earnings: Revenue of the protocol minus the incentives distributed to users