Headline TVL tells you almost nothing about how a trade will fill. In H1 2026 an average of 29.5% of concentrated-liquidity capital, about $542M a week, sat outside the price where trades actually clear. Institutions that measure real depth from onchain trade data, rather than trusting TVL, can route to the venues where large orders fill with less slippage. Talk to our team for the best decentralized exchange data. https://eu1.hubs.ly/H0xcJfz0(Dune)