# Clipper > Track Clipper's fees, revenue, active users and trading volume with daily on-chain data across 4 chains. Compare Clipper with other exchanges (DEX). Source: [Clipper on Token Terminal](https://tokenterminal.com/explorer/projects/clipper). This page has no metric values. For current values, use the [Token Terminal API](https://tokenterminal.com/docs/api-reference/introduction) or the [MCP server](https://tokenterminal.com/docs/mcp/introduction). - Token: SAIL - Sectors: Exchanges (DEX) - Chains: arbitrum, ethereum, optimism, polygon - Archived: Token Terminal has discontinued tracking for this project. Data is no longer updated; historical values remain available and accurate. ## About ### What it is Clipper is a non-custodial exchange protocol built on Ethereum. Clipper was built by Shipyard Software and launched in 2021. ### Who uses it AdmiralDAO and SAIL token holders own and govern the protocol. They currently receive all trading fees paid by traders (revenue). Clipper's investors include Polychain, Robot Ventures, 0x Labs, etc. ### How it works Liquidity providers deposit funds into Clipper and receive returns generated by Clipper’s costless diversified rebalancing liquidity pools (supply-side fees). LP yields are generated from the rebalancing process itself rather than from fees charged to traders. ## Metrics Token Terminal tracks these metrics for Clipper daily. Each page has a chart with the full history. - [Price](https://tokenterminal.com/explorer/projects/clipper/metrics/price) - [Fully diluted market cap](https://tokenterminal.com/explorer/projects/clipper/metrics/market-cap-fully-diluted) - [Circulating market cap](https://tokenterminal.com/explorer/projects/clipper/metrics/market-cap-circulating) - [Token trading volume](https://tokenterminal.com/explorer/projects/clipper/metrics/token-trading-volume) - [Token turnover (fully diluted)](https://tokenterminal.com/explorer/projects/clipper/metrics/token-turnover-fully-diluted) - [Token turnover (circulating)](https://tokenterminal.com/explorer/projects/clipper/metrics/token-turnover-circulating) - [Token holders](https://tokenterminal.com/explorer/projects/clipper/metrics/tokenholders) - [Circulating supply](https://tokenterminal.com/explorer/projects/clipper/metrics/token-supply-circulating) - [Maximum token supply](https://tokenterminal.com/explorer/projects/clipper/metrics/token-supply-maximum) - [Trading volume](https://tokenterminal.com/explorer/projects/clipper/metrics/trading-volume) - [Fees](https://tokenterminal.com/explorer/projects/clipper/metrics/fees) - [Supply-side fees](https://tokenterminal.com/explorer/projects/clipper/metrics/fees-supply-side) - [Revenue](https://tokenterminal.com/explorer/projects/clipper/metrics/revenue) - [Expenses](https://tokenterminal.com/explorer/projects/clipper/metrics/expenses) - [Token incentives](https://tokenterminal.com/explorer/projects/clipper/metrics/token-incentives) - [Earnings](https://tokenterminal.com/explorer/projects/clipper/metrics/earnings) - [P/F ratio (fully diluted)](https://tokenterminal.com/explorer/projects/clipper/metrics/pf-fully-diluted) - [P/F ratio (circulating)](https://tokenterminal.com/explorer/projects/clipper/metrics/pf-circulating) - [P/S ratio (fully diluted)](https://tokenterminal.com/explorer/projects/clipper/metrics/ps-fully-diluted) - [P/S ratio (circulating)](https://tokenterminal.com/explorer/projects/clipper/metrics/ps-circulating) - [Treasury](https://tokenterminal.com/explorer/projects/clipper/metrics/treasury) - [Treasury (net)](https://tokenterminal.com/explorer/projects/clipper/metrics/treasury-net) - [Active users (daily)](https://tokenterminal.com/explorer/projects/clipper/metrics/user-dau) - [Active users (weekly)](https://tokenterminal.com/explorer/projects/clipper/metrics/user-wau) - [Active users (monthly)](https://tokenterminal.com/explorer/projects/clipper/metrics/user-mau) - [Active addresses (daily)](https://tokenterminal.com/explorer/projects/clipper/metrics/active-addresses-daily) - [Active addresses (weekly)](https://tokenterminal.com/explorer/projects/clipper/metrics/active-addresses-weekly) - [Active addresses (monthly)](https://tokenterminal.com/explorer/projects/clipper/metrics/active-addresses-monthly) - [Core developers](https://tokenterminal.com/explorer/projects/clipper/metrics/active-developers) - [Code commits](https://tokenterminal.com/explorer/projects/clipper/metrics/code-commits) - [Trade count](https://tokenterminal.com/explorer/projects/clipper/metrics/trade-count) - [Transaction count (contracts)](https://tokenterminal.com/explorer/projects/clipper/metrics/transaction-count-contracts) - [Gas used](https://tokenterminal.com/explorer/projects/clipper/metrics/gas-used) - [Average fees per user (AFPU)](https://tokenterminal.com/explorer/projects/clipper/metrics/afpu) - [Average revenue per user (ARPU)](https://tokenterminal.com/explorer/projects/clipper/metrics/arpu) - [Average trading volume (per trade)](https://tokenterminal.com/explorer/projects/clipper/metrics/trading-volume-avg-per-trade-count) - [Average trading volume (per user)](https://tokenterminal.com/explorer/projects/clipper/metrics/trading-volume-avg-per-user) - [Take rate](https://tokenterminal.com/explorer/projects/clipper/metrics/take-rate) ## Links - [github](https://github.com/shipyard-software) - [twitter](https://twitter.com/Clipper_DEX) - [discord](https://t.co/t2xbZtLkBV) - [etherscan](https://etherscan.io/token/0xd8F1460044925d2D5c723C7054cd9247027415B7) - [website](https://clipper.exchange/?utm_campaign=projects_clipper&utm_source=tokenterminal&utm_medium=organic)