Elexium

Elexium is a decentralized exchange built on the Alephium blockchain, where users can swap tokens, provide liquidity, stake, and vote on how trading rewards are distributed. It describes itself as the first vote-escrow DEX on Alephium and positions itself as the primary liquidity hub for that ecosystem. The protocol is designed for anyone who wants to trade or earn within the Alephium network, as well as for other projects that want to attract liquidity to their own token pools.

Elexium follows a vote-escrow model in which holders of the EX token can lock their tokens to gain voting power over which liquidity pools receive emissions, the ongoing stream of newly distributed tokens that incentivize liquidity providers. Other projects, called dApps, can pay bribes to EX voters in exchange for directing emissions toward their preferred pools, and voters share in those bribe payments. Because Elexium lives entirely on Alephium, it inherits that blockchain's settlement layer rather than running its own consensus mechanism.

The protocol is structured so that traders pay fees when they swap tokens, and those fees are shared among liquidity providers and EX stakers or voters, though the stored data does not include a specific fee-rate figure. Over the trailing 30 days, the protocol recorded DEX volume of 18,767 USD, and over the most recent 24-hour period that figure was 216 USD, giving a sense of the current scale of activity from which fees would be generated. Total value locked stands at 51,270.20 USD at the point of measurement, and the annualized DEX volume divided by that locked value produces a ratio of 4.4535, reflecting how actively the locked capital is being turned over relative to its size.