Bluefin (BLUE)

Total Value Locked$183.13m

TVL by Chain

Sui$183.13m

Arbitrum$46.44

fetching dex volume...

Key Metrics

Fees (Annualized)$42.04m

Fees 30d$3.45m

Fees 7d$1.17m

Fees 24h$121,763

Cumulative Fees$29.33m

Revenue (Annualized)$12.19m

Revenue 30d$999,028

Revenue 7d$320,716

Revenue 24h$38,637

Cumulative Revenue$6.91m

Incentives (Annualized)$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$12.19m

Earnings 30d$999,028

Earnings 7d$320,716

Earnings 24h$38,637

Cumulative Earnings$6.91m

DEX Volume 30d$2.711b

DEX Volume 7d$892.65m

DEX Volume 24h$152.4m

Cumulative DEX Volume$17.763b

DEX Aggregator Volume 30d$1.271b

DEX Aggregator Volume 7d$325.89m

DEX Aggregator Volume 24h$49.21m

Cumulative DEX Aggregator Volume$2.623b

Perp Volume 30d$549.65m

Perp Volume 7d$115.1m

Perp Volume 24h$25.1m

Cumulative Perp Volume$51.218b

Market Cap$25.9m

$BLUE Price$0.085

All Time High$0.86

All Time Low$0.058

Fully Diluted Valuation$84.75m

$BLUE Volume 24h$6.52m

CEX Volume$5.58m

DEX Volume$1.46m(22.45% of total)

Staked$7.08m(27.35% of mcap)

Borrowed$116.47m

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

Income Statement for Bluefin

Q3 2025*Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023
Fees$3.4m$7.26m$6.96m$4.07m$922,228$2.28m$3.86m$449,903
Revenue$971,663$2.06m$2.49m$1.36m$0$0$0$0
Incentives$0$0$0$0$0$0$0$0
Earnings$971,663$2.06m$2.49m$1.36m$0$0$0$0