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About DODO
Analysis of 11 Dec 2025DODO is a decentralized exchange powered by its proprietary Proactive Market Maker (PMM) algorithm, offering capital-efficient trading across 14+ blockchain networks. Launched in August 2020 by Diane Dai and Radar Bear with backing from Framework Ventures, Pantera Capital, and Binance Labs, DODO has facilitated over $141 billion in cumulative trading volume across 24 million transactions serving 3.31 million users.
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As of December 2025, the platform maintains a market capitalization of approximately $15-23 million with daily trading volumes of $2.7-5.6 million. Despite innovative PMM technology offering superior capital efficiency compared to traditional AMMs, DODO holds only 3% Ethereum DEX market share, ranking #8 on Ethereum and facing intense competition from Uniswap, PancakeSwap, Curve, and SushiSwap.
