DODO Exchange

What DODO Exchange does

DODO is a decentralized cryptocurrency exchange protocol launched in August 2020, operating as a non-custodial platform built on Ethereum and deployed across 15+ EVM-compatible blockchains including BNB Chain, Polygon, Arbitrum, Avalanche, Optimism, Base, Linea, Scroll, and Manta. Its core technology is the proprietary Proactive Market Maker (PMM) algorithm, which adjusts asset price curves based on inventory levels to concentrate liquidity near market price and reduce impermanent loss compared to traditional constant-function AMMs. The protocol has iterated through V1, V2, and V3 (multi-asset pools with 90%+ gas savings vs. Uniswap V3), supplemented by Classic AMM V2/V3 forks with adjustable fee tiers.

The platform serves three primary user segments: DEX traders and liquidity providers seeking competitive execution, project teams launching tokens via Crowdpooling (a call-auction-inspired liquidity bootstrapping mechanism), and DeFi developers integrating trading functionality through an embeddable Trading Widget SDK and a Developer Portal exposing Smart Route, Web3 Data, Limit Order, Cross-Chain, and Widget Config APIs. Supporting products include SmartTrade (intelligent routing across Uniswap, Curve, PancakeSwap, 1inch, and Matcha), gasless chain-native limit orders, cross-chain trading via aggregated bridge protocols, DODOX (cross-chain DEX aggregator), and a vDODO membership token for governance and fee distribution.

Revenue mechanics are minimal: DODO charges no fees on application transactions, takes 0.15% on SmartTrade routing, and offers optional widget revenue sharing for dApp partners. 75% of protocol revenue is repurchased and distributed to vDODO holders (stake 100 DODO per 1 vDODO), with 25% flowing to a community treasury. The company is operated by DODO, Inc., incorporated in California with the team based in Hong Kong, and the protocol is geo-restricted from the US, China, and several sanctioned jurisdictions. Total disclosed funding is approximately $5.1M across a 2020 seed round and a 2022 round; co-founders are Qi Wang and Shichao Dai.

Name

DODO Exchange

Legal name

DODO, Inc.

Website

https://dodoex.io

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

DODO is a decentralized exchange protocol powered by its proprietary Proactive Market Maker (PMM) algorithm, deployed across 15+ EVM-compatible blockchains. It serves crypto traders, liquidity providers, token issuers, and DeFi developers via on-chain trading, routing aggregation, and an embeddable trading widget.

Ownership category

akta.pro rank

Product category

Decentralized Exchange (DeFi Protocol)

NAICS

Securities and Commodity Exchanges (52321), Commodity Contracts Intermediation (523160), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221), Finance Services (6199)

akta.pro industry

PRIMARYFSADABAI

DEX Liquidity Provision & Market-Making Protocols

Financial & Insurance/Crypto & Digital Assets/Decentralized Exchanges (DEX) & On-Chain Trading

SECONDARYFSAPAEAF

Liquidity Provision & Market Making Protocols (AMMs, concentrated liquidity, LP tooling)

Financial & Insurance/Blockchain & Web3/DeFi & On-Chain Financial Services (lending, derivatives, stablecoins, payments)

SECONDARYFSAPADAB

Decentralized Exchanges (DEX) & AMMs

Financial & Insurance/Blockchain & Web3/Exchanges, Trading & Liquidity (CEX/DEX, market makers, aggregators)

SECONDARYFSADABAC

DEX Aggregators & Smart Order Routing

Financial & Insurance/Crypto & Digital Assets/Decentralized Exchanges (DEX) & On-Chain Trading

SECONDARYFSADABAJ

On-Chain Limit Orders & Algorithmic Execution

Financial & Insurance/Crypto & Digital Assets/Decentralized Exchanges (DEX) & On-Chain Trading

Keywords

• Decentralized exchange
• Liquidity protocol
• Automated market maker
• Cross-chain trading
• Defi infrastructure

Headquarters

HQ city

Hong Kong

HQ country

Hong Kong SAR China

HQ region

Asia

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Transaction Trading Fees: DODO currently does not charge transaction fees on the application. However, the platform reserves the right to implement fees at any time. Transaction fees on distributed ledger technology (Ethereum gas fees) are paid directly to the network, not to DODO.
2. Routing Fees: A 0.15% routing fee is charged on transactions executed through DODO's smart routing service. Users can optionally set additional routing fees, which are passed entirely to the user (DODO takes no profit from additional routing fees).
3. Widget Revenue Sharing: dApp partners integrating DODO's trading widget can set custom fees, creating an additional revenue stream. DODO facilitates the transaction while partners capture additional value through their custom fee configuration.
4. vDODO Membership Revenue Distribution: 75% of platform revenue is repurchased through secondary market and minted into vDODO for distribution to vDODO holders. 25% transfers to community treasury. Members stake 100 DODO to mint 1 vDODO and receive proportional share of trading fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

DODO Exchange is a decentralized liquidity protocol built on the proprietary Proactive Market Maker (PMM) algorithm, enabling capital-efficient on-chain token trading, liquidity provision, and token issuance across 15+ EVM-compatible blockchains. The platform aggregates liquidity from external DEXs and aggregators (Uniswap, Curve, PancakeSwap, 1inch) via its SmartTrade routing, and offers cross-chain trading, gasless limit orders, and an embeddable trading widget SDK for third-party dApps.

Product overview

DODO is a decentralized cryptocurrency exchange platform offering multiple trading products across EVM-compatible blockchains. The core DODO platform uses the proprietary Proactive Market Maker (PMM) algorithm through V1, V2, and V3 versions, supplemented by standard AMM V2 and V3 pools forked from Uniswap. DODOX serves as the cross-chain DEX aggregator connecting to external liquidity sources like Uniswap, Curve, and PancakeSwap. Supporting products include SmartTrade for intelligent routing, Limit Order for specified-price trading, Cross-Chain Trading for multi-chain swaps, Crowdpooling for token distribution, and vDODO loyalty tokens. The Developer Portal provides APIs and Trading Widget for third-party integration. Planned 2025 products include BirdLayer (Omni Liquidity Layer), BirdFly (meme launchpad), and DEXpert (DEX toolkit), alongside expanded Solana/SVM support.

Differentiator

Problem solved

Functional benefit

Brands

• DODOX: DODO's cross-chain DEX aggregator dedicated to discovering liquidity and facilitating seamless trades across multiple chains. It uses cutting-edge algorithms integrating with Uniswap, Curve, PancakeSwap, 1inch, and 0x to find competitive rates.

Products and services

• DODO Core Platform Decentralized cryptocurrency exchange using the Proactive Market Maker (PMM) algorithm for on-chain token trading, liquidity provision, and token issuance across Ethereum, BNB Chain, Polygon, Arbitrum, Avalanche, Optimism, Base, and 8+ other EVM-compatible blockchains. Targeted at crypto traders, liquidity providers, and token issuers.
• DODOX Cross-chain DEX aggregator that finds optimal trading routes by comparing liquidity across Uniswap, Curve, PancakeSwap, and aggregators like 1inch and 0x. Features slippage forecasting, linear and split-order routing, and chain-native limit orders.
• DODO Developer Portal Developer platform providing API access, documentation, and tools including Smart Route API, Web3 Data API, Limit Order API, Cross-Chain Trading API, and Widget Config Center. Uses GraphQL and REST endpoints with API key authentication. Targeted at developers and dApp builders.
• Trading Widget SDK Embeddable swap trading widget distributed as an npm package (@dodoex/widgets) for React, Angular, and vanilla JS applications. Supports best-price routing, cross-chain swaps across 10+ blockchains, customizable UI themes, and revenue sharing where dApp integrators can set custom routing fees. Targeted at DeFi developers integrating DEX functionality into their own applications.

Quantifiable outcome

• Liquidity providers make 80% in net gains based on BTC price data backtests (April 2018 - April 2020)
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration29 records

Feature7 records

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• 1inch: Leading DEX aggregator and order routing protocol. Direct overlap with DODOX and SmartTrade; DODO pools are aggregated by 1inch and vice versa.
• Uniswap: Largest decentralized exchange by TVL, pioneering concentrated liquidity (V3) and hooks (V4). Direct AMM competitor to DODO V3, Classic AMM V2/V3, and DODOX aggregator.
• PancakeSwap: Leading multi-chain AMM DEX originally on BNB Chain and now across Ethereum, Arbitrum, and others. Directly competes with DODO on the same EVM chains and is itself aggregated by DODOX.
• Curve Finance: Specialized DEX for stablecoin and like-asset swaps using the StableSwap algorithm. Competes with DODO's stablecoin-friendly pools and is also aggregated by DODOX.
• Balancer: Multi-asset AMM allowing custom pool weights and boosted yields. Closely comparable to DODO V3's multi-asset pool concept and flexible liquidity provision design.
• SushiSwap: Multi-chain AMM and DeFi suite with cross-chain swaps (BentoBox, SushiXSwap). Competes with DODO across multiple EVM chains and offers a similar aggregator-style product.
• Kyber Network: On-chain liquidity aggregation protocol with KyberSwap DEX and aggregator. Closely comparable to DODOX in routing function and to DODO's cross-chain swap capability.

Emerging players

• Velodrome: Leading DEX on Optimism using a Solidly-style AMM with ve(3,3) tokenomics. Competes for cross-chain liquidity mindshare with DODO on Optimism and Base.

Regional players

• Trader Joe: DEX originally dominant on Avalanche and now multi-chain with Liquidity Book concentrated liquidity. Comparable to DODO V3 and Classic AMM products on overlapping chains.
• QuickSwap: DEX on Polygon and other EVM chains offering concentrated liquidity. Competes with DODO on Polygon and provides a similar full-stack AMM-plus-aggregator offering.

Market position

Strengths5 records

Weaknesses2 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/BreederDodo
• GitHubgithub.com/DODOEX

Compliance16 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds3 records

Investors19 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about DODO Exchange