Fundamentals
Decentralized exchange volume
Value swapped through on-chain exchanges. It is the most abused figure in this asset class: incentive programs, multi-hop routing and outright wash trading all inflate it, and none of them leaves an obvious mark. Read it as a direction, never as a level.
01
By protocol
| # | Protocol | Category | Home chain | Volume 24h | Volume 30d | Value locked | Fees 30d | Revenue 30d |
|---|---|---|---|---|---|---|---|---|
| 1 | Uniswap V4 | Dexs | Multi-Chain | $1.39B | $27.19B | $993.11M | $63.04M | $0.00 |
| 2 | Uniswap V3 | Dexs | Multi-Chain | $1.27B | $26.64B | $1.47B | $44.58M | $9.19M |
| 3 | PumpSwap | Dexs | Solana | $827.37M | $19.56B | $327.63M | $86.70M | $15.84M |
| 4 | PancakeSwap AMM V3 | Dexs | Multi-Chain | $576.46M | $18.40B | $314.28M | $10.10M | $3.26M |
| 5 | Aerodrome Slipstream | Dexs | Base | $426.35M | $12.58B | $184.12M | $5.73M | $4.06M |
| 6 | Kalshi | Prediction Market | — | $397.79M | $11.04B | — | — | — |
| 7 | BisonFi | Dexs | Solana | $204.83M | $7.48B | $19.18M | — | — |
| 8 | Orca DEX | Dexs | Multi-Chain | $219.35M | $6.25B | $258.40M | $4.34M | $558,704 |
| 9 | Metric V2 | Dexs | Multi-Chain | $197.11M | $6.07B | $4.78M | — | — |
| 10 | PancakeSwap Infinity | Dexs | Multi-Chain | $220.51M | $4.90B | $68.65M | $632,937 | $170,889 |
| 11 | Meteora DLMM | Dexs | Solana | $139.98M | $4.27B | $206.33M | $12.62M | $1.28M |
| 12 | Hyperliquid Spot Orderbook | Dexs | Hyperliquid L1 | $149.28M | $3.96B | $180.90M | $2.31M | $1.86M |
| 13 | Tessera V | Dexs | Solana | $72.27M | $3.94B | $12.77M | — | — |
| 14 | Raydium AMM | Dexs | Solana | $138.86M | $3.87B | $1.08B | $9.71M | $1.47M |
| 15 | Curve DEX | Dexs | Multi-Chain | $21.35M | $3.34B | $1.32B | $4.03M | $1.14M |
| 16 | Manifest Trade | Dexs | Solana | $139.48M | $3.28B | $18.75M | — | — |
| 17 | Fluid DEX | Dexs | Multi-Chain | $144.47M | $2.85B | $304.14M | $302,011 | $26,966 |
| 18 | NEAR Intents | Bridge | Multi-Chain | $108.20M | $2.79B | $117.41M | $3.83M | $727,512 |
| 19 | pump.fun | Launchpad | — | $55.12M | $2.59B | — | $47.72M | $36.46M |
| 20 | Scorch | Dexs | Solana | $76.10M | $2.59B | $2.46M | — | — |
| 21 | Project X | Dexs | Hyperliquid L1 | $81.47M | $2.54B | $45.38M | $2.12M | $302,609 |
| 22 | Kuru CLOB | Dexs | Monad | $132.22M | $2.51B | $1.52M | $13.34 | $0.00 |
| 23 | GMGN | Telegram Bot | — | — | $2.29B | — | $34.24M | $28.04M |
| 24 | Flashnet | Dexs | — | $90.12M | $2.27B | — | — | — |
| 25 | Axiom | Trading App | — | $113.67M | $2.26B | — | $40.28M | $24.17M |
| 26 | Polymarket International | Prediction Market | Polygon | $56.55M | $2.24B | $337.68M | $32.35M | $15.40M |
| 27 | PancakeSwap AMM | Dexs | Multi-Chain | $63.33M | $2.11B | $1.86B | $5.21M | $1.67M |
| 28 | HumidiFi | Dexs | — | $0.00 | $2.11B | — | $50,318 | $50,318 |
| 29 | Lista DEX | Dexs | Multi-Chain | $68.12M | $1.65B | $39.45M | $17,611 | $3,518 |
| 30 | FermiSwap | Dexs | Ethereum | $72.78M | $1.64B | $5.29M | — | — |
| 31 | Unit | Bridge | Multi-Chain | $51.30M | $1.61B | $724.00M | $439,910 | $439,910 |
| 32 | Polymarket US | Prediction Market | — | $41.58M | $1.52B | — | $32.39M | — |
| 33 | Aquifer | Dexs | Solana | $12.54M | $1.40B | $205.00 | — | — |
| 34 | GoonFi | Dexs | Solana | $59.15M | $1.37B | $5.86M | — | — |
| 35 | AlphaQ | Dexs | Solana | $52.55M | $1.29B | $1.04M | $14,143 | $14,143 |
| 36 | Jupiterz | Dexs | — | $101.70M | $1.17B | — | — | — |
| 37 | SolFi V2 | Dexs | — | $26.31M | $1.16B | — | — | — |
| 38 | SUNSwap V3 | Dexs | Tron | $61.35M | $1.16B | $210.89M | $534,306 | $0.00 |
| 39 | fomo Wallet | Trading App | — | $42.23M | $1.14B | — | $15.80M | $14.15M |
| 40 | Rocky Exchange Spot | Derivatives | — | $246.38M | $1.10B | — | — | — |
| 41 | Ekubo | Dexs | Multi-Chain | $59.90M | $1.06B | $25.80M | $153,459 | $11,953 |
| 42 | Deriverse | Dexs | Solana | $37.42M | $1.00B | $128,273 | — | — |
| 43 | Uniswap V2 | Dexs | Multi-Chain | $38.27M | $973.79M | $983.60M | $3.52M | $0.00 |
| 44 | Ramses CL V2 | Dexs | Multi-Chain | $130.13M | $965.95M | $17.02M | $1.51M | $190,718 |
| 45 | edgeX Spot | Dexs | — | $35.06M | $946.22M | — | — | — |
| 46 | Pharaoh DLMM | Dexs | Avalanche | $29.38M | $902.83M | $14.12M | $665,710 | $659,888 |
| 47 | Dexalot DEX | Dexs | Multi-Chain | $16.46M | $825.35M | $2.58M | — | — |
| 48 | Native Swap | Dexs | Multi-Chain | $43.73M | $736.14M | $4,543 | — | — |
| 49 | Flap sh | Launchpad | Multi-Chain | $16.64M | $706.17M | $1.44M | $10.57M | $10.57M |
| 50 | THORChain DEX | Dexs | Multi-Chain | $45.95M | $632.56M | $53.27M | $864,540 | $105,859 |
| 51 | Pharaoh V3 | Dexs | Avalanche | $55.00M | $632.18M | $18.47M | $430,295 | $412,283 |
| 52 | Metric V1 | Dexs | — | $46.14M | $606.48M | — | — | — |
| 53 | Hanji Protocol | Dexs | Multi-Chain | $24.36M | $584.66M | $1.16M | $58,009 | $58,009 |
| 54 | Topaz CL | Dexs | Binance | $20.99M | $576.98M | $767,667 | $44,590 | $44,590 |
| 55 | Pendle | Yield | Multi-Chain | $14.50M | $537.65M | $1.22B | $649,952 | $639,329 |
| 56 | 1inch Aqua | Dexs | — | $11.89M | $507.48M | — | $46,746 | $8,661 |
| 57 | ThalaSwap V3 | Dexs | Aptos | $10.89M | $486.03M | $2.07M | $50,111 | $14,892 |
| 58 | Velodrome V3 | Dexs | Multi-Chain | $19.58M | $484.66M | $24.64M | $234,261 | $223,300 |
| 59 | Pons V2 | Launchpad | — | $95.25M | $470.27M | — | $26.94M | $4.97M |
| 60 | Hashflow | DEX Aggregator | Multi-Chain | $18.30M | $454.37M | $262,975 | — | — |
| 61 | Chainflip AMM | Dexs | Multi-Chain | $14.64M | $438.21M | $9.53M | $1.39M | $265,576 |
| 62 | Ondo Global Markets | RWA | Multi-Chain | $29.93M | $437.18M | $932.96M | — | — |
| 63 | nest CL | Dexs | Hyperliquid L1 | $12.03M | $428.82M | $17.80M | $452,167 | $452,167 |
| 64 | up v3 | Dexs | Robinhood Chain | $77.65M | $421.63M | $11.83M | $1.52M | $985,440 |
| 65 | Terminal | Telegram Bot | — | $23.06M | $408.56M | — | $5.31M | $2.95M |
| 66 | Byreal | Dexs | Solana | $14.92M | $391.82M | $12.93M | $247,487 | $49,500 |
| 67 | Rhea Dex | Dexs | Near | $22.49M | $371.28M | $28.68M | $92,378 | $18,473 |
| 68 | Quickswap Dex | Dexs | Multi-Chain | $10.39M | $363.90M | $158.03M | $1.08M | $179,875 |
| 69 | OPINION | Prediction Market | Binance | $5.64M | $357.93M | $3.57M | $46,132 | $46,121 |
| 70 | Ring Swap | Dexs | Multi-Chain | $8.37M | $356.97M | $163.90 | $1.07M | $0.00 |
| 71 | DeepBook V3 | Dexs | Sui | $9.94M | $336.12M | $11.93M | $51,868 | $33,388 |
| 72 | Cetus CLMM | Dexs | Multi-Chain | $9.88M | $320.10M | $24.72M | $403,704 | $80,742 |
| 73 | Figure Markets Exchange | OTC Marketplace | Provenance | $4.80M | $312.40M | $165.41M | $10,485 | $10,485 |
| 74 | Aster Spot | Dexs | — | $5.74M | $309.57M | — | — | — |
| 75 | pump.fun Mobile App | Interface | — | $14.28M | $303.04M | — | $5.58M | $2.68M |
| 76 | 0x | DEX Aggregator | — | $19.43M | $302.64M | — | — | — |
| 77 | Sablier Lockup | Payments | Multi-Chain | $916,117 | $302.17M | $2.96M | — | — |
| 78 | ElfomoFi | Dexs | Base | $14.22M | $295.04M | $1.20M | $15,371 | $7,771 |
| 79 | HyperSwap V3 | Dexs | Hyperliquid L1 | $9.75M | $241.09M | $12.51M | $696,884 | $40,147 |
| 80 | Temple | Dexs | Canton | $8.04M | $237.29M | $5.90M | $43,287 | $43,287 |
| 81 | Jupiter Lend DEX | Dexs | Solana | $30.12M | $237.01M | $8.82M | $1,215 | $152.77 |
| 82 | Lighter Spot | Dexs | — | $15.82M | $234.36M | — | $62,909 | $62,909 |
| 83 | XRPL DEX | Dexs | Ripple | $4.19M | $231.35M | $36.24M | — | — |
| 84 | Saphyre V3 | Dexs | Sei | $8.14M | $220.95M | $13.29M | $460,499 | $115,125 |
| 85 | SushiSwap V3 | Dexs | Multi-Chain | $6.92M | $220.27M | $43.48M | $781,264 | $185,999 |
| 86 | Predict Fun | Prediction Market | Multi-Chain | $10.47M | $220.06M | $10.37M | $3.55M | $767,061 |
| 87 | AlphaSec Spot | Dexs | — | $7.60M | $210.04M | — | $119,895 | $119,892 |
| 88 | Angstrom | Dexs | Ethereum | $10.76M | $207.75M | $5.73M | $47,493 | $0.00 |
| 89 | LiquidCore | Dexs | Multi-Chain | $11.00M | $207.03M | $962,926 | $47,406 | $46,371 |
| 90 | GIGA V3 | Dexs | Robinhood Chain | $38.61M | $205.15M | $1.16M | $115,976 | $23,202 |
| 91 | Meteora Dynamic Bonding Curve | Launchpad | — | $9.59M | $200.66M | — | $890,917 | $160,347 |
| 92 | Aerodrome V1 | Dexs | Base | $8.61M | $196.53M | $114.51M | $968,780 | $616,446 |
| 93 | Archer Exchange | Dexs | Solana | $11.74M | $188.72M | $728,776 | — | — |
| 94 | WOOFi Swap | Dexs | Multi-Chain | $8.64M | $186.43M | $2.99M | $12,647 | $11,545 |
| 95 | Arcus Spot | Dexs | — | $23.91M | $186.02M | — | — | — |
| 96 | Lunarbase | Dexs | Multi-Chain | $1.53M | $172.22M | $143,067 | $16,399 | $0.00 |
| 97 | Meteora DAMM V2 | Dexs | Solana | $6.10M | $171.01M | $22.93M | $2.52M | $511,193 |
| 98 | DODO AMM | Dexs | Multi-Chain | $9.94M | $169.79M | $12.37M | $167,754 | $33,544 |
| 99 | Tokenlon AMM | Dexs | Ethereum | $4.56M | $162.12M | $432,401 | $273,148 | $273,148 |
| 100 | Bluefin Spot | Dexs | Sui | $4.12M | $159.95M | $18.48M | $132,083 | $33,101 |
02
By chain
| Chain | Volume 24h | Volume 30d | Value locked | Fees 30d |
|---|