How many DEX do we need? Uniswap already support Arbitrum, what is CamelotDEX doing that is so different that it can carve out users from Uniswap to themselves?
Last 24h volume on various exchanges on Arbitrum: CamelotDEX: $9M Uniswap (Arbitrum): $96M Uniswap V3: $583M (which is based on Arbitrum if I understand correctly)
Uniswap has a $5B fully diluted market cap and $4B in circulation. Camelot has $187M fully diluted market cap and $18M in circulation.
So, the ratio of marketcap versus trading volume is: Uniswap: 8.57 and 6.86 for fully diluted and in circulation respectively Camelot: 20.8 and 2 for fully diluted and in circulation respectively You would want that ratio to be has low as possible, so at this point is wether or not to use the fully diluted valuation or in circulation to assess what is should be worth? Show Less
