11. Who Is Making Money? DLMM KING Leaderboard

DLMM Clan is an independent DeFi liquidity-provider education community for EVM chains, distinct from Meteora, which is a DLMM protocol on Solana. In this walkthrough, CryptoCroco introduces DLMM KING and focuses on its leaderboard: a global view of SectorOne positions on Base and Robinhood Chain that ranks who is making money, how (shape and fees), and where (pool and chain). He explains USD vs ETH ranking, timeframe filters, and why PNL beats APR because it folds in fees, token performance, and impermanent loss. Live examples include a Cash Cap 24h print and a SpaceX/USDG position that earned about $283 in fees on roughly $7,000 liquidity over 33 days. He then adds a wallet to the watchlist, reviews newest positions (NVIDIA, DJT, Moderna, flETH/ETH), and copies an NVIDIA DCA shape into the Liquidity Shaper in two clicks. DLMM KING is built with the SectorOne team and uses the same contracts; the next video covers the Liquidity Shaper in depth.

Intro: who is making money, and how

Hi. This new tool, which I'm going to show you, tells me exactly who is making money and how are they making it. It is not an overstatement if I say it completely changed how I build my positions.

I'm CryptoCroco, and I have been using Dynamic Liquidity Market Makers for over 4 years and am now leading the DLMM Clan, where we DLMM together.

Using DLMM in 2026 is almost like having a cheat code when you're into trading crypto or even stocks. The difference is so big. You are not paying fees for your trades. You are earning fees. You are not opening positions. You are shaping liquidity. And most of all, you are not paying the spread to market makers. You are earning the spread from the market. In this series, I'm going to apply everything I learned over the last 4 years to the current market, so you do not need 4 years to get started with DLMM now.

The material presented in this tutorial and accompanying presentation is intended for informational purposes only and should not be interpreted as financial advice. Any investment decisions or positions you take are solely at your own risk.

What this DLMM KING tutorial covers

Today, we are going to look at the new tool which I found, which is DLMM KING. And especially today, we want to look at the leaderboard of this app. We're going to cover 3 main things. First of all, what do you see on the leaderboard of DLMM KING? How can you build your own tracking list of successful wallets? And 3rd, how can you copy trade their positions in less than one or 2 clicks? That being said, let's get right into it. I'm going to share you my screen so you can see exactly what I see on DLMM KING. The link is in the description below, and if you open this the first time, you will arrive on the leaderboard that is exactly telling you, as I said in the beginning of the video, who is making money and how are they making it. And it even tells you where are they making it, what's the chain they're making the money. If you're new here, um, you will see at the beginning a little guide. So for example, if you're new to DLMM general, this is a really nice explanation of how LP works. You have these bins, and inside the bins, you have liquidity, and the price moves up and down. And the most powerful thing is here, each bin here you can individually manage. And DLMM KING also has a really amazing way of shaping your liquidities. You can do all kinds of shapes here with it. There's really no limit anymore to your creativity. This really gives you a good overview, I would say, of what LPing really is with DLMM and how this works. What is a bin step? So for example, what are BPS? What are the fees, and how does everything work? So you can see as the price moves through here, always the fees come out, boom, boom, boom, and you can see here the fees that have been earned in percentage. So this is, I just wanted to highlight in the beginning, you get here a very nice walk through how everything works. I find this very helpful, especially if you're new. Take your time and take a look at this.

How to read the leaderboard

But back to the leaderboard. So what do you see here at the first glance? So what you can see here, let's start from the left, see what is all the way in the top, and then we move our way through, through this leaderboard. Number one, you can see here a little USD or Ethereum. So what the leaderboard does, it either ranks the different positions by US dollar earnings, uh, which position is doing, making how much money in US dollars, or it ranks the positions by how much ETH have these positions earned. You can see here, depending on if you take US dollars or ETH as your denominator, you will have different pools that outperform. And I think especially, yeah, this market or when we're moving back to a bullish market, which I hope will, will come in the next months, then more and more people will want to accumulate Ethereum or increase their Ethereum holding rather than their US dollar holding. Now, this is a global leaderboard, so it includes all positions that are on the underlying DEX on SectorOne on 2 different chains, on Base as well as on Robinhood. Now, what do you see here as well? You can see up here all, all time, or you can filter here by day. So which was the most profitable if you look at the 90-day horizon, or the most profitable if you take a 30-day horizon, or 7 days, or maybe just the past 24 hours? What is printing right now? So, and let's take this, Cash Cap. This is a, it's, it's a larger meme token on Robinhood. You have a profit and loss of almost 20, 20 dollars on liquidity of 150 dollars. So here you can see 14.6% in the time span of 24 hours. That is pretty strong. So these are the different filters you can set. And then- Next thing you see is, is the ranking. So place number one is the DLMM KING. Place number 2 is then silver, and then the rest won bronze, and then the rest is just, just numbers. But now I think the interesting part comes. So here's the pool pair, HYPE ETH or FLaunch ETH/ETH, and underneath you see the chain.

Why PNL beats APR

This is the PNL number, and I will give some more information what is all in the PNL number, because if you are used to using... Let's say you come from other DEXes where you see APRs, but if you've ever used any of these, you know you never earn the APR percentage that you have there because it never includes impermanent loss that, at the end, determine the, uh, profitability of your position. Now, PNL has everything included, so it just takes literally in dollar value your position. Are you making money by holding these tokens in the position? Are you making money with fees? Are you... What's the impermanent loss? Depending on how much of which assets you're holding and how each one is performing, you will have a different dollar evaluation in terms of profitability. Now, the fees earned, and this is already, I think, very interesting. You can see that you can earn really good fees. Normally, you're paying these fees on a centralized exchange. With DLMM, you are earning fees while you trade, and sometimes really significant ones. So let's take SpaceX USDG. This is literally just the SpaceX stock tokenized by Robinhood, so a really, I would say, very trusted provider that is licensed all around the world and that, yeah, that brings these stocks on chain, and you can completely trade them, LP them, use all kinds of protocols to interact with these tokens that directly mirror the price on the Nasdaq. So let's say it's the SpaceX right now. This is the current profit, the PNL that it has, 10%, but you can see with the liquidity of a little bit more than 7,000 US dollars over the past 33 days, so that's, let's say, a bit more than a month, has printed 283 dollars. So this is really from a yield perspective in one month earning those fees. This just shows what a big difference it is paying the spread and paying the fees on your central exchange versus earning the fees while you trade your tokens. So this is really interesting. You can see here how long it's open. Then you see your wallet, and you see you can directly jump to the pool.

Inspecting a position shape

There are 2 more really larger points that I wanna, um, show. First of all, let's show this one. This is an arrow down. I'm gonna go now on the SpaceX, this one, because we have just talked about it. It really gives you a lot of information of this pool. So I can see now, okay, this person has this pool open. This is what he deposited, how much he withdrew already, and this is how much is in position. These are the fees he earned, and this is his net PNL. But I can also see exactly which shape is this person going and using. In the next video, I will go very much in detail what does this mean, but right now, just note, here's the price, 113 dollars, and here's the price, 155 dollars. So what you have is a price range, and these are kind of like orders all along this price range. And you can see here the 320 bins, so it's like opening 320 limit orders on the central exchange. Just think about the cost that you would have and just time and effort to open this many, many, um, positions, and then you cannot even build such nice shapes that, that support your thesis. And now there are 2 more functions that I personally love and I use a lot. So what we've seen right now is I can track how are... who is making money, how are they making money, and where are they making money. So this leaderboard shows me where are they making money on Base, Robinhood, and which pools, how much money are they making, how are they making money. I can look at their positions, and then I can see who is making money. So for example, this one, I say, "Okay, this is interesting, this guy." I'm gonna click here, add to the watchlist. Now up here, I can go to the watchlist.

Watchlist and copy trade

There this wallet is in. I can see this wallet is having a pretty good hand with his, with his or her investments. This looks pretty nice. Uh, most of them are in range. They're all pretty profitable. There are 2 non-profitable position. I think here seems that Tesla ETH position has, has burned himself a little bit, but he's overall very profitable. So this might be somebody I will keep in my watchlist, and I can always see, I can just look here at the age, which are the newest ones that this wallet is trading, and I can see, okay, right now the newest positions are NVIDIA, DJT, Donald J. Trump Media. You can see here for 4 days a Moderna stock added and a flETH/ETH pool. So I can see here with this age exactly what is the newest stuff this wallet has opened, and then it becomes interesting because if I like what I see, so I can say this NVIDIA, ah, he's dollar cost averaging buying NVIDIA as the price goes down. So what I can do now is I can simply click here. Copy this shape into your Liquidity Shaper. Click here, I understand, and here I have the exact same position now. You can add liquidity and deploy funds.

This is so powerful. So it literally takes me 2 clicks to go from this is a position of a wallet that has shown success in the past. This is what he opened right now new, where. This is how he opens it. I'm gonna copy his trade, and I'm gonna click here now and allocate exactly the same shape. So you can do the same thing directly from the Leaderboard. You do not need to go onto the Watchlist for it. So you go here directly and click Copy Trade, copy the shape into the Liquidity Shaper, and you will end up with the exact same shape. For example, this one, if you want to do that.

Join the DLMM Clan

And if you are still there, you are truly part of the chosen 5%. You understand what it takes to make it in the most brutal market out there, which is the crypto market.

I salute to you in respect, and I invite you to join me in my community, the DLMM Clan. There are so many resources, tutorials, opportunity trackers, tools, people you can ask questions to, and weekly meetups where you can find like-minded people like you and I.

Buying the bear market dip just feels so much better doing it together. I am speaking out of my own experience, especially in the bear market where you're unsure, knowing others are around you is really helpful. The clan is 100% free and open to anyone who's joining right now.

In the future, though, once the bear market bottom is in, we will start restricting access.

But for you who's joining right now, it will always remain free. So looking forward to see you there. Last but not least, DLMM KING is built in cooperation with the SectorOne team. So as a result, you can always also use the SectorOne front end. It uses the same smart contracts in the background. This is just the front end that gives you. In the next video, I will go more in depth of the, to the Liquidity Shaper. I think this is a very powerful tool where you can build exactly the, the positions as you want it. You'll have so much more flexibility than you have on any centralized exchange. It's really revolutionary, and you don't go back to normal trading on a centralized exchange once you have seen this. I hope you found that helpful. See you next time.