What is DODO Crypto

Introduction

What is DODO? I would be honest when I hear first time this name I thought it’s some kind of toy name, but nothing could be further from the truth. DODO project in the world of cryptocurrencies enters the territories of decentralized exchanges. DODO offers a unique alternative to traditional automated market makers (AMMs).

In this article I will write about DODO cryptocurrency, make general overview, price in depth, and future potential.

Of course, please read, share and comment!

Let’s start it.

What is DODO?

Decentralized exchanges (DEXs) have gained significant popularity in the cryptocurrency space. However, traditional AMMs used by most DEXs have certain limitations, such as capital inefficiency and high slippage. DODO aims to address these issues by introducing the PMM algorithm.

About Automated Market Makers

AMMs, like Uniswap, allocate liquidity across the entire price range of a trading pair. This often results in idle funds and higher slippage for traders. DODO’s PMM algorithm takes a different approach. This algorithm actively shifting buy and sell orders to align with the current market price.

By doing so, it reduces slippage and capital inefficiency, providing a more efficient trading experience.

About AMMs read more here.

What is Proactive Market Maker Algorithm?

DODO’s PMM algorithm achieves its goals by mimicking the behaviour of centralized exchanges. It leverages oracles, third-party services that provide real-world data, to create a flatter liquidity curve. This allows yield farmers and traders to take advantage of lower slippage and improved capital efficiency. Quite smart, isn’t it?

At the heart of DODO’s ecosystem is the SmartTrade platform. Platform is responsible for aggregating liquidity sources and setting optimal prices for token pairs.

Additionally, DODO offers customizable fees, crypto ratios, and liquidity depths. All that together giving users greater control over their trading experience.

After all that written it’s time explore history, team and tokenomics from project.

DODO Overview

First of all I write about history of this project.

History of DODO

At the core of whole project is PMM algorithm. It was April 2020. They quickly iterated on a proof of concept and moved on to the smart contract development phase by May 2020. After completing a comprehensive audit, DODO was pre-launched with an early-bird campaign in August 2020.

This campaign attracted liquidity providers with good returns. Project were established.

Team behind DODO

Be clear. Success of project depend from expertise and dedication of its team. In the case of DODO, the core developers and founders are pseudonymous figures known as Radar Bear and Diane Dai. Aura was cast. Additionally, a Chinese development team, choosing to remain anonymous.

Behind the success of each project is his team. No one wins alone.

I won’t finish here, because there is still a lot to write about.

Prominent investors in the crypto industry see potential in DODO. Who I mean?

Framework Ventures provided $600,000 in seed funding, followed by a $5 million funding round involving Binance Labs, Pantera Capital, and Three Arrows Capital. Coinbase Ventures, Alameda Research, Galaxy Digital, and CMS Holdings also joined as investors during private sales. Just take a look to top hedge funds in crypto industry.

Tokenomics

Just after team members token economics are crucial. You know about it already! How things went in case of DODO? In this moment it will be obvious. Take a look below.

For core team, consultants and future team members just 15%. Pretty fair. 16% for investors. It makes together 31%. Next 9% for liquidity providers and marketing and partnership, and…

Finally, last 60% for community incentives. The biggest part of the cake. Involvement of community again as core motor for growth. Smart. Smart. It’s only what I can write in this moment.

During my research I did find interesting fact about extinct DODO bird. I really hope you find this information as attractive as I did.

Interesting Fact about DODO

Very interesting fact about DODO bird where living in island of Mauritius. The first recorded mention of the dodo was by Dutch sailors in 1598. The last widely accepted sighting of a dodo was in 1662. Its extinction was not immediately noticed, and some considered the bird to be a myth. But they didn’t at all. Isn’t it fascinating?

DODO in Numbers

The price of the DODO token has experienced fluctuations since its inception. It reached its all-time high (ATH) of $8.25 on February 20, 2021. Despite a security breach in March and the subsequent crypto market crash in May, the DODO token has shown resilience, stabilizing around $0.14.

As of now, its market capitalization stands at approximately $65 million, making it one of the top DeFi protocols in the industry. What’s make me think about this project is during bull market 99,2% below All Time High. More about it in price in depth just right now.

DODO Price in Depth

In this moment DODO is project of one bull market cycle. Price skyrocket during last bull market and as like I have written before it’s right now 99,2% from all Time High. It’s make me think about real market evaluation of this project.

1st Bull Market

Project were launched during bull phase on the last bull market. Last September 2020 it was a time of bull, but before the bull with the strongest trend. For those reasons it was little bull market and price correction. Correction takes till the end of the year 2020.

The strong phase of bull market start at the beginning of the year 2021. It takes 3 months. Let’s retrospect it what happen then. Start price $0,15 and almost end of February 2021 price stops at $8,38! All Time High in just 2-3 months. Damn! Let me count it.

Price jumps almost 60 times in just 3 months. What do you say on that? It was euphoria phase without any doubts, but… After so strong bull it’s strong bear market as well. Don’t have a doubts. Right now about it.

1st Bear Market

Interestingly, bear market take about one and half year. Bottom of the price it was about $0,15 per unit. You see, but the most dynamic drop of the price happen in the first 3 months.

The laws of physics also operate in financial markets. If the price is rising rapidly, it is very likely to fall just as rapidly. Spoiler: It was probably a time of euphoria. It is difficult to determine its end, but when it does, it will be a very difficult time for those who have hot sold cryptocurrency shares.

That’s all what I want to write about bear market. Maybe last notice that, bear takes more than 1 year. What about actual bull market?

2nd Bull Market

Second bull market should brings price recovery. At least, partly. How it happen with this project? Time to explore it. When price hit $0,15 it was April 2023. It was psychological level of floor and when price goes below this level it’s only proof weakness of fundaments of whole projects. Why?

It was time when price was more than 1 year in bear market. Price should at least find bottom and switch trend to sideways. Is is that happen? Yes and not. Let me explain.

In December 2022 when price should be after stabilization and walking in sideways trend happen something really unexpected. One unit of project cost $0,09. Bottom below level of resistance. Weakness of the project is obvious. Investors and traders on some point did notice that and took money out of project.

From January 2023 till January 2025 price was in sideways trend. Price range was $0,09 and $0,315 per unit. Then happen March 2025 and price land on All Time Low (ATL) with $0,059 for one DODO. When only looks on the price behaviour nothing good happen in the project.

In the healthy projects during bull market price is at least in sideways with bottom up constantly. Here price still looking for bottom even during bull market. It smell not good.

After that writing take a look for future potential for this project.

DODO Future Potential

I would like to write here about a few points. For the big investors players it’s could be good project to invest in, but in this moment price is really low.

99,2% during bull market tells a lot about project. First things what comes to mind it is that this project is over valuated.

Price perspective definitely tell it’s not good investment at all or if it’s great project the price could be in huge discount. Then, question coming to my mind: “How long do you need to invest to be profitable?”

Because it was project of one bull market it’s difficult to say how price behaviour patterns could be. Simply it’s not possible or very difficult.

Another point is, that DEX category in cryptocurrency industry is growing and DODO is losing race against projects like Hyperliquid, Uniswap or Jupiter. In the moment of writing DODO is in this category below 20th place according market capitalization.

All together, from private investor perspective it’s rather tough to see the point to invest in this project. Only low price and investment of big hedge fund players could little convince you. It’s is enough?

In my opinion, it’s rather project what could be in your investment portfolio, but as one of the very risky projects. There is investment potential, but I am not very fundamentally convince about this investment. Besides price behaviours tell not invest in it.

Conclusion

Project DODO is one of the projects in DEX sector of cryptocurrency industry. All DEX sector is still growing and on this fact growth this project as well.

Project was launched during bull market of the last Bitcoin bull phase and it was the best time to launch project, capitalize and evacuate before bear market. It seems to me that a lot of big investors did it exactly this before the market crash.

DODO is not a leader in the sector, price behaviours telling something is wrong happen in the project, team is anonymous and there are another things what are red flags for this project.

To be fair, website, product and marketing data telling projects it quite fine. Everything is working there, but after this euphoria phase recovering to prices before the bear market of last cycle is really extremely difficult. As an investor I am count that project could be good investment or not. In this case I am rather convince not invest. I am already presented all points against this project.