A deep dive on Balancer

Biweekly newsletter no. 9

In this issue we take a look at Balancer through the lens of traditional financial and business metrics.

Note: The ‘DeFi average’ data in the charts is calculated based on all L2 projects currently listed on our site.

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Market cap

What is Balancer valued at?

• Market cap: $1,239,000,000

• 30-day change: -38.30%

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Price to sales ratio (P/S)

How is Balancer valued in relation to its revenues?

• P/S: 34.03x

• 30-day change: -27.71%

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Token trading vol. to market cap ratio (VOL/MC)

How reliable is the BAL token's price discovery?

• VOL/MC: 1.58%

• 30-day change: -2.93%

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Gross merchandise volume (GMV)

What is the total trading volume on Balancer?

• Past 30-day total GMV: $419,047,517

• 30-day change: -68.51%

GMV past 180 days:

• Past 180-day total GMV: $3,053,361,205

• 180-day compounded monthly growth rate (CMGR): +210.02%

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Revenue

What are the total trading fees paid on Balancer?

• Past 30-day total revenue: $2,953,651

• 30-day change: -70.91%

Revenue past 180 days:

• Past 180-day total revenue: $17,489,567

• 180-day compounded monthly growth rate (CMGR): +239.06%

Cumulative revenue:

• Total revenue since launch: $17,496,771

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Take rate

What are the trading fees on Balancer?

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