# Nest Exchange

> Track Nest Exchange's market cap with daily on-chain data. Compare Nest Exchange with other exchanges (DEX). An Algebra-fork concentrated-liquidity DEX.

Source: [Nest Exchange on Token Terminal](https://tokenterminal.com/explorer/projects/nestexchange). 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: NEST
- Sectors: Exchanges (DEX)
- Chains: hyperevm

## About

### What it is

An Algebra-fork concentrated-liquidity DEX. Holds the deepest kHYPE and wstHYPE liquidity on HyperEVM, used as a price source for those HYPE liquid-staking tokens.

### Who uses it

Nest Exchange is a ve(3,3) MetaDEX on HyperEVM, providing concentrated-liquidity and Smart Pool trading for the Hyperliquid ecosystem.

### How it works

Liquidity providers supply Algebra concentrated-liquidity positions (or Steer-managed Smart Pools); traders swap against them. NEST governance is locked for veNEST to direct emissions and earn protocol revenue.

## Metrics

Token Terminal tracks these metrics for Nest Exchange daily. Each page has a chart with the full history.

- [Price](https://tokenterminal.com/explorer/projects/nestexchange/metrics/price)
- [Fully diluted market cap](https://tokenterminal.com/explorer/projects/nestexchange/metrics/market-cap-fully-diluted)
- [Circulating market cap](https://tokenterminal.com/explorer/projects/nestexchange/metrics/market-cap-circulating)
- [Token trading volume](https://tokenterminal.com/explorer/projects/nestexchange/metrics/token-trading-volume)
- [Token turnover (fully diluted)](https://tokenterminal.com/explorer/projects/nestexchange/metrics/token-turnover-fully-diluted)
- [Token turnover (circulating)](https://tokenterminal.com/explorer/projects/nestexchange/metrics/token-turnover-circulating)
- [Token holders](https://tokenterminal.com/explorer/projects/nestexchange/metrics/tokenholders)
- [Circulating supply](https://tokenterminal.com/explorer/projects/nestexchange/metrics/token-supply-circulating)
- [Active addresses (daily)](https://tokenterminal.com/explorer/projects/nestexchange/metrics/active-addresses-daily)
- [Active addresses (weekly)](https://tokenterminal.com/explorer/projects/nestexchange/metrics/active-addresses-weekly)
- [Active addresses (monthly)](https://tokenterminal.com/explorer/projects/nestexchange/metrics/active-addresses-monthly)
- [Transaction count (contracts)](https://tokenterminal.com/explorer/projects/nestexchange/metrics/transaction-count-contracts)
- [Gas used](https://tokenterminal.com/explorer/projects/nestexchange/metrics/gas-used)

## Links

- [website](https://www.usenest.xyz/)
- [twitter](https://x.com/NestExchange)
- [docs](https://docs.usenest.xyz/)