Dune Research Finds 85% of Concentrated DEX Liquidity Is Underutilized

Dune research commissioned by 1inch found that about 85% of concentrated DEX liquidity is underutilized, leaving roughly $150 million in annual fees foregone. The study covered about $1.84 billion in average weekly liquidity across major concentrated-liquidity venues. According to NS3.AI, Dune said the fee figure is not additive because total fees come from trading volume rather than deposited capital.