Elexium

Elexium is a decentralized exchange (DEX) built on the Alephium blockchain, positioning itself as that network's primary liquidity venue. It uses a vote-escrow model, meaning token holders can lock their tokens to gain voting power over how trading rewards are distributed across liquidity pools. The protocol is designed for traders, liquidity providers, and other Alephium-based applications that want to direct emissions toward their pools.

Elexium operates as a vote-escrow DEX, commonly called a VE DEX, where the EX token can be locked to receive voting rights that determine which liquidity pools receive token emissions. External protocols can pay, or 'bribe,' EX voters to direct those emissions toward specific pools, creating a marketplace for liquidity incentives. The token lives entirely within the Alephium ecosystem, and because no consensus algorithm or block time is recorded for EX itself, its settlement relies on the underlying Alephium blockchain.

The protocol is described as sharing fees with participants, meaning traders pay fees that are distributed to liquidity providers and token holders who vote and stake. The data shows a 24-hour DEX volume of $124 and a trailing 30-day DEX volume of $5,804, which are the activity levels from which any fee revenue would be derived. Total value locked stands at $37,043.94 at the recorded point in time, giving a market-cap-to-TVL ratio of approximately 931.72, meaning the market capitalization is far larger than the assets currently deposited in the protocol. The data does not specify an explicit fee rate, so the precise dollar amount of fees collected cannot be calculated from the figures provided.