How Does a DEX Generate Revenue beyond Transaction Fees?
A DEX can generate revenue beyond transaction fees through several mechanisms, including interest earned on collateral in lending pools, fees from perpetual futures trading, or revenue from liquid staking services. Some DEXs also capture value from 'Maximum Extractable Value' (MEV) by integrating MEV relayers or offering services to searchers.
These additional streams contribute to the protocol's total revenue for valuation purposes.