CoinMarketCap ranks the top decentralized exchanges (DEXs) based on trading volume and DeFi market capitalization.
All Networks
| # | Name | Trading Volume (24h) | Market Share | Pairs | Type | Launch Date | 7-Day Chart |
|---|---|---|---|---|---|---|---|
| 1 | PancakeSwap v3 (BSC) | NT$199,255,947,280 | 23.6208% | 1013 | Swap | -- | |
| 2 | OpenOcean | NT$196,506,774,302 | 23.2949% | 250 | Aggregator | Dec 2020 | |
| 3 | Hyperliquid | NT$180,098,123,020 | 21.312% | 200 | -- | ||
| 4 | PumpSwap | NT$68,065,530,823 | 8.0688% | 73 | -- | ||
| 5 | Aerodrome SlipStream | NT$13,591,511,063 | 1.6112% | 160 | -- | ||
| 6 | Uniswap v3 (BSC) | NT$13,150,625,686 | 1.5589% | 271 | -- | ||
| 7 | Uniswap v3 (Ethereum) | NT$12,686,234,957 | 1.5039% | 839 | Swap | May 2021 | |
| 8 | Uniswap v4 (Ethereum) | NT$11,430,641,525 | 1.355% | 218 | -- | ||
| 9 | Meteora DLMM | NT$11,362,584,042 | 1.347% | 976 | -- | ||
| 10 | PancakeSwap v2 (BSC) | NT$11,184,168,494 | 1.3258% | 1882 | Swap | -- |
Why Use Decentralized Exchanges?
Decentralized exchanges offer:
✔ No intermediaries – Peer-to-peer trading.
✔ Enhanced privacy – No KYC requirements.
✔ Lower fees – Reduced operational costs.
Key Trends in DEXs
- Multi-chain adoption: Platforms like Uniswap and PancakeSwap expand to BSC, Ethereum, and Arbitrum.
- Aggregators: OpenOcean and 1inch optimize trades across multiple liquidity sources.
- Layer-2 solutions: Reduced gas fees on networks like Arbitrum and Polygon.
👉 Learn how to maximize DEX trading
FAQ
What is a decentralized exchange (DEX)?
A DEX allows users to trade cryptocurrencies directly from their wallets without intermediaries, using smart contracts.
How do DEXs differ from centralized exchanges (CEXs)?
DEXs prioritize security and privacy, while CEXs offer faster trades and customer support.
Which DEX has the lowest fees?
PancakeSwap (BSC) and Hyperliquid are among the most cost-effective options.
Stay updated with the latest crypto trends!