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![ruggedpikachu Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1757358125093388288.png) pika2zero [@ruggedpikachu](/creator/twitter/ruggedpikachu) on x 2995 followers
Created: 2025-07-17 13:43:19 UTC

Whats also interesting about this list are the Losers 💩

- 🦄 Uniswap & Aerodrome have a massive valuation premium (good for token holders but bad for an entry now)
- Fluid is not as cheap / great as the timeline makes it up to be
- Curve and Sushi are expensive for apparently no reason. These lack severly on the fee/revenue part
- Balancer seems to be better than these two but the down-only chart makes me shy away from any investment. Seems to be mainly incentives depressing the price ...
- Liquidswap lost all the TVL it once had, forget em. The real biggest loser
- TraderJoe seems to be fairly valued. (and thus uninteresting for an investment as i would rather buy something depressed)
- Pendle seems to be pretty expensive based on metrics alone. However they do have a USP as they are different to all the other Dex'es. I will grant em that.

What do you think? 🤓

![](https://pbs.twimg.com/media/GwEEwGXWMAA5ltT.png)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1945841748845920320/c:line.svg)

**Related Topics**
[holders](/topic/holders)
[token](/topic/token)
[uniswap](/topic/uniswap)

[Post Link](https://x.com/ruggedpikachu/status/1945841748845920320)