Odaily Planet Daily reported that according to a report from the Bank for International Settlements (BIS) on DEX, mature participants dominate the field, equivalent to professional intermediaries in TradFi. Although retail investors account for 93% of DEX liquidity providers (LPs), a small number of larger participants provide 65-85% of liquidity on DEX. The latter also dominate profits, yielding an average net return rate 3 basis points higher daily, which translates to an annual excess of 11.65% compared to retail LPs. The average position for retail investors is $29,000, while professionals have an average position of $3.7 million. The report also notes that retail investors earn fees of about 10-25% and generally have lower technical proficiency. The study focuses on Uniswap V3, suggesting its launch accelerated the shift of traders towards mature participants. At launch, mature LPs accounted for 40-50% of trades, rising to 70-80% by the end of 2023. Mature LPs exhibit different patterns; they target large pools with daily trading volumes exceeding $10 million and fully control these pools. Retail LPs, on the other hand, provide liquidity to pools with daily trading volumes below $100,000. Mature LPs also target trading pairs with lower volatility, which present lower risks.