The decentralized finance (DeFi) ecosystem continues to evolve, and among the standout protocols leading this transformation is DODO—a next-generation decentralized exchange (DEX) known for its unique Proactive Market Maker (PMM) mechanism. Unlike conventional automated market makers (AMMs), DODO's PMM is engineered to emulate the behavior of traditional order books, dynamically adjusting asset prices to reflect real-time market movements. This innovation significantly improves capital efficiency while reducing price slippage, offering traders a smoother and more cost-effective experience.
Operating across Ethereum and BNB Chain, DODO's infrastructure supports its SmartTrade system, which intelligently routes orders through various liquidity sources to ensure optimal trade execution. Beyond simple swapping, DODO enables full control over liquidity provisioning—allowing users to set customizable trading parameters, such as token ratios, fee structures, and pool depth. Its integrated Crowdpooling and Initial DEX Offering (IDO) platforms address common DeFi issues such as frontrunning and excessive gas fees, making token launches more equitable and transparent.
Founded by Radar Bear and Diane Dai, supported by a pseudonymous team of Chinese developers, DODO has attracted robust financial backing from prominent investors. Early seed funding included $600,000 from Framework Ventures, followed by a $5 million round led by Binance Labs, Pantera Capital, and Three Arrows Capital. Other influential backers such as Coinbase Ventures, Alameda Research, and Galaxy Digital have also recognized DODO’s long-term potential.
With a total supply capped at 1 billion DODO tokens and approximately 110.5 million in circulation, the tokenomics of the project are designed to support community engagement, with 60% of tokens allocated to ecosystem incentives. While a security incident in March impacted confidence temporarily, the platform demonstrated strong recovery. As of now, the project holds over $78.9 million in total value locked (TVL), and its current market cap hovers around $180 million. DODO reached its all-time high of $8.25 in early 2021 and continues to gain traction as DeFi matures. For those seeking exposure to innovative DeFi solutions, DODO presents a compelling case for long-term growth and adoption.
