Concentration of DeFi's liquidity: Evidence from Decentralised Exchanges (DEXs) and Automated Market Makers (AMMs)
Decentralised exchanges (DEXs) are on-chain platforms where traders can exchange one crypto-asset for another. DEXs play an increasingly important role in the decentralised finance (DeFi) market, particularly in the aftermath of the recent downturn in the crypto-asset market. This working paper expl...
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| Other Authors: | , |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Paris
OECD Publishing
2024
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| Series: | OECD Working Papers on Finance, Insurance and Private Pensions
no.49 |
| Subjects: | |
| Online Access: | DE-862 DE-863 |
| Summary: | Decentralised exchanges (DEXs) are on-chain platforms where traders can exchange one crypto-asset for another. DEXs play an increasingly important role in the decentralised finance (DeFi) market, particularly in the aftermath of the recent downturn in the crypto-asset market. This working paper explores the characteristics of DEXs and identifies areas of possible concentration in decentralised exchanges activity and potential associated risks. To substantiate the analysis, it uses an original on-chain dataset covering the largest DEXs. The paper reveals an increased concentration within DeFi trading in the sample observed, which could exacerbate vulnerabilities already present in DeFi markets. |
| Physical Description: | 1 Online-Ressource (23 Seiten) 21 x 28cm. |
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| spelling | Kaousar Nassr, Iota VerfasserIn aut Concentration of DeFi's liquidity Evidence from Decentralised Exchanges (DEXs) and Automated Market Makers (AMMs) Iota, Kaousar Nassr, Eleftheria, Kostika and Anastasia, Melachrinos Paris OECD Publishing 2024 1 Online-Ressource (23 Seiten) 21 x 28cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Working Papers on Finance, Insurance and Private Pensions no.49 Decentralised exchanges (DEXs) are on-chain platforms where traders can exchange one crypto-asset for another. DEXs play an increasingly important role in the decentralised finance (DeFi) market, particularly in the aftermath of the recent downturn in the crypto-asset market. This working paper explores the characteristics of DEXs and identifies areas of possible concentration in decentralised exchanges activity and potential associated risks. To substantiate the analysis, it uses an original on-chain dataset covering the largest DEXs. The paper reveals an increased concentration within DeFi trading in the sample observed, which could exacerbate vulnerabilities already present in DeFi markets. Finance and Investment Kostika, Eleftheria MitwirkendeR ctb Melachrinos, Anastasia MitwirkendeR ctb |
| spellingShingle | Kaousar Nassr, Iota Concentration of DeFi's liquidity Evidence from Decentralised Exchanges (DEXs) and Automated Market Makers (AMMs) Finance and Investment |
| title | Concentration of DeFi's liquidity Evidence from Decentralised Exchanges (DEXs) and Automated Market Makers (AMMs) |
| title_auth | Concentration of DeFi's liquidity Evidence from Decentralised Exchanges (DEXs) and Automated Market Makers (AMMs) |
| title_exact_search | Concentration of DeFi's liquidity Evidence from Decentralised Exchanges (DEXs) and Automated Market Makers (AMMs) |
| title_full | Concentration of DeFi's liquidity Evidence from Decentralised Exchanges (DEXs) and Automated Market Makers (AMMs) Iota, Kaousar Nassr, Eleftheria, Kostika and Anastasia, Melachrinos |
| title_fullStr | Concentration of DeFi's liquidity Evidence from Decentralised Exchanges (DEXs) and Automated Market Makers (AMMs) Iota, Kaousar Nassr, Eleftheria, Kostika and Anastasia, Melachrinos |
| title_full_unstemmed | Concentration of DeFi's liquidity Evidence from Decentralised Exchanges (DEXs) and Automated Market Makers (AMMs) Iota, Kaousar Nassr, Eleftheria, Kostika and Anastasia, Melachrinos |
| title_short | Concentration of DeFi's liquidity |
| title_sort | concentration of defi s liquidity evidence from decentralised exchanges dexs and automated market makers amms |
| title_sub | Evidence from Decentralised Exchanges (DEXs) and Automated Market Makers (AMMs) |
| topic | Finance and Investment |
| topic_facet | Finance and Investment |
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