Take Rate
The percentage of transaction volume or fees that a protocol captures as revenue.
In-Depth Explanation
Take rate = Protocol Revenue / Total Volume (or Fees). A DEX with $1B volume and $1M protocol revenue has a 0.1% take rate. Higher take rates mean more revenue per dollar of activity, but may reduce competitiveness. Comparing take rates across similar protocols reveals pricing power.
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Related Terms
Protocol Revenue
Fees collected by a protocol that accrue to the protocol itself or its tokenholders, rather than to liquidity providers or other participants.
Fees
Total fees generated by activity on a protocol, regardless of who receives them.
Gross Margin
Protocol revenue minus the direct costs required to generate that revenue, expressed as a percentage.
More in Metrics
View all →Total Value Locked
TVLThe total value of crypto assets deposited in a DeFi protocol or across all of DeFi.
Protocol Revenue
Fees collected by a protocol that accrue to the protocol itself or its tokenholders, rather than to liquidity providers or other participants.
Fees
Total fees generated by activity on a protocol, regardless of who receives them.
Gross Margin
Protocol revenue minus the direct costs required to generate that revenue, expressed as a percentage.