Elexium

Elexium is a decentralized exchange built on the Alephium blockchain, positioned as the first vote-escrow DEX on that network. It aims to serve as a central liquidity venue for the Alephium ecosystem, allowing anyone to trade tokens, provide liquidity, stake, and vote on where token emissions are directed. The project targets both ordinary users who want a say in platform governance and decentralized applications that need liquid markets for their tokens.

Elexium operates as a vote-escrow DEX, meaning holders of the EX token can lock their tokens to gain voting power over which liquidity pools receive emission rewards, a model sometimes called a 'VE' system. External protocols can pay, or 'bribe,' EX voters to direct emissions toward pools that benefit those protocols, and fee revenue from trading is shared among participants in this voting process. The token lives entirely within the Alephium blockchain environment, and no separate consensus algorithm is recorded for EX itself since it depends on Alephium's own infrastructure.

Trading fees are collected from users who swap tokens on the platform and are distributed to liquidity providers and EX token stakers or voters, though the data provided does not include a specific fee-rate figure. The protocol's total value locked stands at 37,818.74 USD at the point of measurement, against a market capitalization of 34,514,430 USD, producing a market-cap-to-TVL ratio of 912.63, which reflects a large gap between the token's market value and the assets actually deposited and working in the protocol. Trailing 30-day DEX volume is 9,953.11 USD, and the annualized volume-to-TVL ratio is 3.20, meaning the annualized trading activity through the protocol represents roughly three times the current locked capital. Twenty-four-hour volume at the time of data capture was 26.00 USD, indicating very low recent trading activity.