Bancor Network

Bancor Network is a decentralized finance application built on Ethereum whose native token is BNT. It provides on-chain trading infrastructure, most notably through its Carbon protocol, which lets users set automated trading strategies using custom limit orders and range orders without relying on a centralized intermediary. The project is aimed at traders and liquidity providers who want more precise control over how their assets are exchanged on-chain than conventional automated market makers typically allow.

Carbon is a decentralized trading protocol that settles trades directly on Ethereum, allowing users to define asymmetric order pairs so that buying and selling execute on separate, user-specified pricing curves rather than a single shared one. A companion protocol called Fast Lane performs arbitrage between Bancor ecosystem venues and external on-chain exchanges, routing any profits back into the ecosystem. BNT serves as a governance token: holders stake it to participate in BancorDAO, which governs the parameters and direction of all ecosystem protocols.

In the trailing 30 days the protocol collected 28,830.02 USD in total fees, of which 25,902.13 USD went to liquidity providers as supply-side revenue and 2,927.89 USD was retained as protocol revenue, implying a take rate of approximately 10.16 percent. Over the trailing 12 months, total fees reached 448,346.41 USD while protocol revenue for the same period was 15,861.79 USD. Annualizing the most recent 30-day figures produces an estimated 350,765.24 USD in fees and 35,622.66 USD in protocol revenue per year. Fee growth over the last 30 days was 40.83 percent and revenue growth over the same window was 40.03 percent, indicating that both figures have moved materially in a short span.