The purpose of this post is to provide data surrounding Elixir’s network since the launch of the network’s trusted mainnet, including key stats including users, TVL, percentage of orderbook liquidity powered on live native integrations, and share of aggregated orderbook liquidity controlled by the Elixir Network.

The Elixir network has emerged as an influential force in the orderbook exchange landscape. This post aims to provide a data-driven view of the Elixir network's growth via numerous metrics: user growth, total liquidity, orderbook integration efficacy, and its comparative market share in orderbook liquidity powered across exchanges.

User Growth

A fundamental indicator of any network's adoption and health is its userbase. Since the end of month 1 of Elixir’s native integration into Vertex, Elixir has seen a 21% MoM increase in the number of active users. Since launching the Apothecary less than 2 months ago, there are currently 101,553 unique potion holders at the time of writing.

Total Value Supplied via Elixir

Liquidity is the lifeblood of orderbook exchanges, and Elixir has shown significant growth since the launch of its trusted mainnet. The total liquidity deposited into Elixir stands at ~$200M. This significant capital (especially relative to existing decentralized orderbook exchange liquidity) underpins the network's capacity to bring significant liquidity to orderbook DEXs, bringing them closer to the efficacy of centralized exchanges.

Percentage of Orderbook Liquidity Powered

Elixir has multiplied the orderbook liquidity of the exchanges that have natively integrated the network. Every exchange that has launched their own native frontend features powered by Elixir has more than doubled their liquidity. Elixir currently powers 66% of the total orderbook liquidity on Bluefin, 56% on Vertex, and 52% on RabbitX. This metric highlights Elixir's crucial role in facilitating liquidity on powered exchanges.

The below graph shows the capital efficiency of the bids/asks quoted by the Elixir network for several pairs on Vertex:

Total Percentage of Orderbook Liquidity Across All DeFi Exchanges

After factoring in elxETH liquidity, Elixir will account for ~40% of the total liquidity across all DeFi orderbook exchanges. These elxETH deposits will be routed across all natively integrated exchanges at the launch of mainnet (and are not actively utilized at the moment). These exchanges include names such as dYdX, Orderly, Hyperliquid, and others.

Further information and upates will be provided to boost transparency with how the network is developing. Until then, users are encouraged to track network stats on the “network” and “explore” pages on our site.