Ekubo Rises to Top 3 Ethereum DEX by Volume, Launches Major Liquidity Incentives

Ekubo, a decentralized exchange (DEX) initially developed for Starknet, has announced its emergence as a leading platform on the Ethereum blockchain, recently securing a position among the top 3 DEXs by 7-day trading volume. This milestone precedes a significant expansion of its liquidity incentive program, set to commence on September 3rd, aiming to attract capital to nearly 20 new trading pairs.

The official Ekubo Protocol account stated in a recent tweet, > "Milestone: Ekubo has become the #2 DEX on Ethereum by 7-day trading volume. Exciting times ahead, as this achievement comes just before the launch of a broader wave of incentives set to attract liquidity to nearly 20 new pairs - going live September 3rd!"

This rapid ascent on Ethereum highlights Ekubo's highly efficient design, which features ultra-concentrated liquidity and a unique singleton architecture. The protocol's ability to generate substantial trading volume with a comparatively lower Total Value Locked (TVL) indicates superior capital efficiency, a key factor in its competitive performance against established Ethereum DEXs.

The upcoming incentive program, detailed in a governance proposal, will distribute 36,500 EKUBO tokens over three months to liquidity providers across 19 specific pairs. These include major assets like ETH/USDC, ETH/USDT, and ETH/WBTC, as well as various stablecoin and liquid staking token pairs such as USDC/USDT and ETH/wstETH. The rewards will be distributed as gEKUBO, a wrapped token that locks EKUBO until March 2026, but remains freely tradable.

Ekubo's strategic expansion to Ethereum from its Starknet origins leverages its advanced Automated Market Maker (AMM) capabilities. Its founder, Moody Salem, a former lead engineer for Uniswap v3 and architect for v4, designed Ekubo to optimize gas efficiency and provide precise liquidity placement, aiming to offer better trade execution and higher returns for liquidity providers. The protocol also supports permissionless extensions, enabling features like on-chain limit orders and dollar-cost averaging (DCA).

This initiative is expected to further solidify Ekubo's presence on Ethereum, drawing more liquidity and users to its platform. The structured incentive program, combined with its technological advantages, positions Ekubo to continue its growth trajectory within the competitive decentralized finance landscape.