New York, NY – Topaz DEX, a ve(3,3) liquidity marketplace on BNB Chain, announced Aug. 15 that it had surpassed $1.5 billion in cumulative trading volume less than three months after public launch. The milestone marks an early stage of growth for the decentralized exchange and its expanding community of traders, liquidity providers, governance participants and BNB ecosystem builders.
Since the milestone announcement, Topaz’s public analytics dashboard has continued to show growth, with cumulative trading volume now exceeding $1.8 billion. The platform currently tracks 129 liquidity pools and 76 active gauges, reflecting activity across its trading, liquidity and incentive markets.
Topaz is built around a ve(3,3) model that connects trading activity, liquidity and governance. Liquidity providers supply capital to markets and can earn trading fees and, for eligible staked positions, TOPAZ emissions. TOPAZ holders can lock their tokens into veTOPAZ positions and vote on which markets receive weekly emissions, giving token holders a direct role in determining how liquidity incentives are distributed.
The protocol has expanded beyond traditional automated market-maker pools with concentrated liquidity through its Slipstream infrastructure. Concentrated liquidity allows liquidity providers to allocate capital within selected price ranges, while Topaz supports per-pool custom fees and on-chain dynamic fee adjustments. These features allow individual markets to use fee structures suited to their liquidity and trading conditions.
Topaz’s gauge system creates a marketplace around liquidity incentives. veTOPAZ holders direct emissions toward selected pools, while projects can provide additional incentives to attract voting support. This creates a competitive market around liquidity incentives, giving projects a mechanism to encourage liquidity while allowing governance participants to influence where protocol emissions are directed.
The protocol also emphasizes transparency and public verification of market activity. Topaz publishes protocol, pool, gauge, voting, incentive and fee data through a public analytics dashboard and API. The analytics system refreshes snapshot data every 15 minutes, allowing users and developers to monitor activity and access protocol data from a common public source.
“Reaching $1.5 billion in trading volume is an important milestone for Topaz and a reflection of the activity we’ve seen since launching on BNB Chain. Our focus has been on building a liquidity marketplace that brings traders, liquidity providers, token holders and projects into the same economic system”, said Aaron Shames, founder of Topaz DEX.
As Topaz continues to expand on BNB Chain, the protocol is focused on growing its liquidity infrastructure, market coverage and developer ecosystem. The platform is also building AI agent infrastructure, including the Topaz Agent and Agent Skill, to support AI-powered strategies and programmatic interaction with Topaz markets. These tools are intended to make it easier for developers and automated systems to interact with liquidity and trading infrastructure on-chain.
About Topaz DEX
Topaz DEX is a non-custodial DeFi protocol on BNB Chain built as a liquidity and trading infrastructure layer for traders, liquidity providers, token holders, projects and developers. In addition to its DEX and governance infrastructure, Topaz provides public market data, open-source contracts, developer APIs and integrations across the broader DeFi ecosystem.
The platform offers AI-native tooling, enabling users and developers to analyze markets, build transactions and interact programmatically with Topaz protocol workflows.
Aaron Shames – [email protected]
Nick – [email protected]
Den – [email protected]
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