Liquidity providers deposit funds into IDEX and receive trading fees from traders (supply-side fees).

IDEX is hybrid-liquidity DEX, combining a high-performance order book with an Automated Market Making matching engine, built on Polygon. IDEX was founded by Alex Wearn and launched in 2019.

IDEX tokenholders own and govern the protocol. They currently take a cut of the total trading fees paid by traders (revenue). IDEX's investors include Gnosis, Collider Ventures, Borderless Capital, G1 Ventures, etc.

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IDEX

# P/F ratio (fully diluted) Methodology

## Overview

P/F ratio (fully diluted) measures the fully diluted market cap relative to annualized fees. It shows how highly the project is valued relative to the activity users are willing to pay for, regardless of whether the project monetizes.

${market_cap_fully_diluted} / (rolling_avg(${fees}, 30) * 365)

Fully diluted market cap relative to annualized fees.

IDEXIDEX

P/F ratio (fully diluted)

P/F ratio (fully diluted)

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