85% of liquidity on major DEXs is inefficient, Dune finds

Approximately 85% of concentrated liquidity on major decentralized exchanges such as Uniswap, PancakeSwap, and Aerodrome is not being fully utilized, according to an analysis by on-chain data platform Dune. Citing Dune's data, The Block reported that out of an average weekly liquidity of $1.84 billion, around $542 million was outside its designated price range, generating no fees. This has led to an estimated loss of about $150 million in annual fee revenue for liquidity providers. Furthermore, 36.7% of these out-of-range funds have remained unadjusted for over 90 days.