With the launch of CamelotDEX, the project has seen a massive uptake on it's TVL as well as it's metrics seeming extremely strong. As seen from DefiLlama (screenshot attached), although it has a fairly low TVL of sub $100m, it is generating similar yields compared to more known projects as follows:
Volume (24h): $15.9m vs $25.08m on Balancer V2 Fees (24h): $50k vs $42k on Sushiswap vs $70k on Curve DEX Revenue (24h): $2k vs $7k on Sushiswap
While the numbers do not seem impressive at a glance, on a FDV/TVL ratio as well as Mcap/TVL ratio against top DEXes such as UniSwap and PancakeSwap, the metrics tell a different story:
CamelotDEX currently has a Marketcap of $18m, FDV of $139m. Comparing it to larger DEXes such as Uniswap ($3b Mcap, $5b FDV, $2.91b TVL) and PancakeSwap ($494m Mcap, $1.9b FDV, $2.45b TVL), we have the following:
FDV/TVL PancakeSwap:0.775 FDV/TVL CamelotDEX: 1.46 FDV/TVL Uniswap: 1.71
MCap/TVL CamelotDEX: 0.189 MCap/TVL PancakeSwap: 0.201 MCap/TVL Uniswap: 1.03
As a lower FDV/TVL and Mcap/TVL ratio equates to a project being undervalued, there is definitely room for CamelotDEX to grow, and I believe that there is more room for CamelotDEX to shine. Show Less
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