what's DODO?
DODO is a decentralized exchange (DEX) protocol designed to provide efficient on-chain liquidity through its innovative Proactive Market Maker (PMM) algorithm. This mechanism allows liquidity providers to set their own prices and capture value from trades without relying on traditional automated market makers (AMMs) like constant product formulas, reducing impermanent loss and enabling better capital efficiency. Built initially on Ethereum, DODO has expanded to multiple chains including BNB Chain, offering features like limit orders, perpetual trading, and cross-chain liquidity solutions to support a wide range of DeFi activities. The protocol's native token, DODO, plays a key role in governance, staking for rewards, and incentivizing liquidity provision. DODO emphasizes community-driven development and has integrated with various ecosystems to enhance interoperability, such as partnerships for multi-chain deployments and tools for advanced trading strategies. Its focus on user-centric liquidity provision aims to bridge centralized exchange efficiency with decentralized trustlessness.
DODO deployed on Stable network, exploring stablecoin and on-chain payment applications.
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Deployed on Stable network to explore stablecoin payment applications and on-chain payment possibilities.
OpenOcean integrates with DODO's SmartTrade feature for enhanced liquidity and pricing.
DODO achieves a 91.58 AA rating on CertiK Skynet, ranking Top 5 among DEXs for security.
Partnership with MossAI launches joint trading campaign on BNB Chain running Nov 4-9 with 10 winners selected through Galxe platform.
Protocol generates $30M in revenue with $30M FDV (1x P/S ratio, ranking first among compared DeFi projects), but has not conducted token buybacks since April 2024.
DODO ranks among the top 10 contributors to BNB Chain's GDP in Q3 2025, demonstrating strong ecosystem performance alongside major protocols like PancakeSwap, Venus, and Uniswap.
Total trading volume surpasses $200B milestone.
Trading volume reaches new all-time high of $1.56B on June 10, marking 160% increase from previous record.
New partnership with Steer Protocol introduces AI-driven market-making and multi-chain liquidity optimization capabilities.
Protocol expands with AMM V2 & V3 liquidity pools, complementing existing PMM pools.
Trading volume reaches new all-time high of $600M on May 26, driven by BNB Chain user growth.
New trading contest launches on HSKChain for HSK-USDT pair with tiered rewards up to 30 dPoints for $1,000+ volume traders.
Allocating 10M DODO tokens for IDOs and rewards on BNB Chain. Offering zero-fee trading campaign and trading competition.
Partnered with lendOS on Hemi to enable LP providers to leverage their liquidity positions.