CoinMarketCap ranks the leading decentralized exchanges (DEXs) based on 24-hour trading volume, DeFi market share, and other key metrics. Below is an updated list of top-performing platforms across all networks.
Top 10 Decentralized Exchanges
| Rank | Name | 24h Trading Volume (¥) | Market Share | Markets | Type | Launched |
|------|-------------------------------|----------------------------|-------------|---------|------------|----------|
| 1 | PancakeSwap v3 (BSC) | ¥49,613,759,254 | 31.369% | 1004 | Swap | -- |
| 2 | Hyperliquid | ¥46,026,526,447 | 29.0705% | 199 | Orderbook | -- |
| 3 | PumpSwap | ¥16,015,044,860 | 10.1258% | 72 | Swap | -- |
| 4 | Uniswap v3 (BSC) | ¥3,961,531,958 | 2.5047% | 267 | Swap | -- |
| 5 | OpenOcean | ¥3,137,282,792 | 1.9851% | 240 | Aggregator | Dec 2020 |
| 6 | Meteora DLMM | ¥2,907,576,299 | 1.8384% | 968 | Swap | -- |
| 7 | PancakeSwap v2 (BSC) | ¥2,829,672,378 | 1.7891% | 1887 | Swap | -- |
| 8 | Aster | ¥2,684,852,972 | 1.5918% | 90 | Orderbook | Aug 2021 |
| 9 | Aerodrome SlipStream | ¥2,608,138,898 | 1.649% | 158 | Swap | -- |
| 10 | Uniswap v3 (Ethereum) | ¥2,440,327,815 | 1.5429% | 843 | Swap | May 2021 |
Key Trends in Decentralized Exchanges
- Dominance of Binance Smart Chain (BSC): Platforms like PancakeSwap lead due to low fees and high liquidity.
- Orderbook DEXs Rising: Hyperliquid and Aster showcase hybrid models combining decentralized and centralized features.
- Ethereum’s Resilience: Despite high gas fees, Uniswap remains a top choice for ETH-based trades.
FAQs
What is a decentralized exchange (DEX)?
A DEX allows peer-to-peer crypto trading without intermediaries, using smart contracts for security.
How does CoinMarketCap rank DEXs?
Rankings are based on 24-hour trading volume, market share, and user activity.
Are DEXs safer than centralized exchanges?
DEXs reduce counterparty risk but require users to manage their private keys.
👉 Learn how to secure your crypto
Emerging DEXs to Watch
- Orca (Solana): Low-latency swaps with minimal fees.
- THORChain: Cross-chain liquidity without wrapped assets.
- dYdX v4: Focused on perpetual futures trading.
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Note: All data is dynamic and subject to change.
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