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DODO is a decentralized exchange
DODO is a decentralized exchange (DEX) and on-chain liquidity protocol created by Diane Dai, Mingda Lei, and Qi Wang for the growing DeFi (Decentralized Finance) space. It runs on a unique Proactive Market Maker (PMM) algorithm that helps deliver deep liquidity, low slippage trading, and better use of capital for crypto assets. Unlike traditional AMM-based DEXs, DODO follows an oracle-based pricing model. This approach helps improve price discovery and keeps impermanent loss lower. It also makes trade execution more efficient, which is why both retail users and professional traders in Web3 find it useful.
| Year | Achievements |
| 2020 | DODO went live with the Proactive Market Maker (PMM) algorithm on Ethereum. It also raised $5M in seed funding from Pantera and Binance Labs. |
| 2021 | Launched V2 with permissionless pools like DVM, DPP, and DSP. It expanded to BSC, Polygon, and Arbitrum and introduced Crowdpooling. |
| 2022 | Introduced NFT fractionalization. It also launched DODOX, a cross-chain swap aggregator designed to improve pricing across networks. |
| 2023 | DODO V3 was launched with a focus on professional market makers and better yield efficiency. The platform also integrated with 10+ Layer 2 solutions. |
| 2024 | Announced DODOchain, an omni-chain Layer 3 built on Arbitrum Orbit and EigenLayer. It also introduced the meme coin toolkit "DEXpert". |
| 2025 |
DODOchain was rebranded to Birdlayer. It expanded as an Omni Liquidity Layer for BTC, TON, and SVM (Solana) ecosystems. |
| DODO integrated AI-driven trading agents (DeFAI). By Q1 2025, the platform crossed $187 billion in total trading volume. |
Launch Date
Jan-2020
Hong Kong University of Science and Technology (HKUST), New Territories , Hong Kong
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