Concentrated DEX Liquidity Loses ~$150M Annually to Price Range Misalignment in H1 2026, Study Finds

According to a Dune Analytics study conducted in H1 2026, approximately 85% of concentrated liquidity funds across major DEX protocols remain underutilized, with 29.5% sitting completely outside active price ranges. The research, covering ~200 top pools across Uniswap v3, PancakeSwap v3, Aerodrome, and Uniswap v4, estimates liquidity providers outside target ranges lose roughly $150 million annually in fee income.

The analysis tracked seven blockchain networks over 26 weekly snapshots with average TVL of $1.84 billion. About $542 million in liquidity sits idle each week, with personal wallets accounting for the majority of unutilized capital—82% on Base Uniswap v3 alone. Roughly one-third of dormant funds have not been rebalanced in over 90 days.