Research

A deep dive on Balancer

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Balancer

In this issue we take a look at Balancer through the lens of traditional financial and business metrics.Note: The ‘DeFi average’ data in the charts is calculated based on all L2 projects currently listed on our site.

Market cap

What is Balancer valued at?

  • Market cap: $1,239,000,000
  • 30-day change: -38.30%

Price to sales ratio (P/S)

How is Balancer valued in relation to its revenues?

  • P/S: 34.03x
  • 30-day change: -27.71%

Token trading vol. to market cap ratio (VOL/MC)

How reliable is the BAL token's price discovery?

  • VOL/MC: 1.58%
  • 30-day change: -2.93%

Gross merchandise volume (GMV)

What is the total trading volume on Balancer?

  • Past 30-day total GMV: $419,047,517
  • 30-day change: -68.51%

GMV past 180 days:

  • Past 180-day total GMV: $3,053,361,205
  • 180-day compounded monthly growth rate (CMGR): +210.02%

Revenue

What are the total trading fees paid on Balancer?

  • Past 30-day total revenue: $2,953,651
  • 30-day change: -70.91%

Revenue past 180 days:

  • Past 180-day total revenue: $17,489,567
  • 180-day compounded monthly growth rate (CMGR): +239.06%

Cumulative revenue:

  • Total revenue since launch: $17,496,771

Take rate

What are the trading fees on Balancer?

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