DEX
1.10%
−0.01%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
9 HYPE 9Hyperliquid | $59.84 | 1.93% | −2.39% | −5.34% | $15.12 B | $57.03 B | $131.24 M | |||
31 UNI 31Uniswap | $3.87 | −0.46% | 10.70% | 32.36% | $2.42 B | $3.46 B | $118.73 M | |||
38 ASTER 38Aster | $0.626 | 0.01% | 0.55% | −0.28% | $1.69 B | $4.89 B | $55.37 M | |||
60 PUMP 60Pump.fun | $0.002146 | 18.22% | 8.90% | 62.21% | $852.20 M | $1.81 B | $98.77 M | |||
71 JUP 71Jupiter | $0.1925 | 2.28% | −2.78% | −14.06% | $634.51 M | $1.31 B | $11.98 M | |||
75 LIT 75Lighter | $2.27 | 9.83% | 3.93% | 27.02% | $567.00 M | $2.27 B | $31.09 M | |||
80 CAKE 80PancakeSwap | $1.40 | −1.41% | 0.00% | 6.94% | $454.53 M | $471.90 M | $19.74 M | |||
96 CRV 96Curve DAO | $0.2112 | 3.13% | −2.76% | 9.29% | $323.10 M | $506.68 M | $14.67 M | |||
107 GNO 107Gnosis | $109.52 | 2.14% | −1.18% | 4.76% | $289.08 M | $328.55 M | $2.94 M | |||
112 PENDLE 112Pendle | $1.56 | 4.03% | −3.91% | 23.83% | $267.80 M | $439.18 M | $22.00 M | |||
148 RAY 148Raydium | $0.6295 | −0.05% | −10.22% | 0.81% | $169.45 M | $349.20 M | $7.91 M | |||
166 RUNE 166THORChain | $0.431 | 0.28% | −2.42% | 8.08% | $145.76 M | $152.61 M | $5.45 M | |||
168 EDGE 168edgeX | $0.4069 | −0.92% | −2.26% | 34.44% | $143.12 M | $408.90 M | $3.38 M | |||
169 FF 169Falcon Finance | $0.0611 | 1.01% | 1.90% | −7.77% | $142.83 M | $610.40 M | $10.09 M | |||
189 GENIUS 189Genius | $0.3729 | 1.58% | 14.08% | −5.05% | $124.73 M | $354.78 M | $10.55 M | |||
195 1INCH 1951INCH | $0.0854 | 0.91% | 15.93% | 24.87% | $120.48 M | $127.98 M | $15.47 M | |||
211 DYDX 211dYdX | $0.1251 | 0.15% | 2.66% | −18.29% | $106.25 M | $119.98 M | $3.44 M | |||
233 FLUID 233Fluid | $1.16 | 1.13% | 16.22% | 27.84% | $91.84 M | $116.70 M | $2.11 M | |||
235 MET 235Meteora | $0.1706 | 3.41% | 6.96% | −4.34% | $91.57 M | $169.91 M | $8.83 M | |||
257 COW 257CoW Protocol | $0.1348 | 1.51% | 1.70% | −6.56% | $77.80 M | $134.80 M | $2.22 M | |||
268 SNX 268Synthetix | $0.218 | 0.19% | −3.64% | 2.43% | $75.21 M | $126.92 M | $11.27 M | |||
278 ORCA 278Orca | $1.19 | 0.85% | 0.85% | 0.85% | $72.35 M | $89.25 M | $7.68 M | |||
284 O 284o1.exchange | $0.4478 | −4.37% | −26.43% | 3.82% | $71.65 M | $447.80 M | $7.42 M | |||
289 ZRX 2890x Protocol | $0.08307 | −1.31% | −2.13% | 3.39% | $70.48 M | $83.07 M | $4.70 M | |||
306 DRV 306Derive | $0.1099 | −3.34% | −9.01% | 26.04% | $63.84 M | $109.90 M | $1.01 M | |||
308 CYDX 308CyberDEX | $0.1812 | −0.60% | −0.53% | 0.72% | $62.95 M | $289.92 M | $3,415.74 | |||
339 MAGMA 339Magma Finance | $0.2999 | −3.68% | −1.55% | −33.44% | $56.89 M | $299.40 M | $4.14 M | |||
387 SUSHI 387SushiSwap | $0.1647 | 0.38% | −0.81% | 9.95% | $47.24 M | $48.01 M | $5.19 M | |||
420 VVS 420VVS Finance | $0.0₅99 | 0.99% | −1.74% | 3.28% | $43.11 M | $94.16 M | $22,336.00 | |||
504 RTX 504RateX | $1.03 | −0.28% | −7.96% | −2.35% | $17.18 M | $103.10 M | $1,089.75 | |||
516 EROWAN 516Sifchain | $0.0₅97 | −33.82% | −33.82% | 11.86% | $29,404.89 | $29,450.12 | $3.32 | |||
539 MMT 539Momentum | $0.1711 | 1.14% | −3.42% | −8.34% | $34.90 M | $171.00 M | $2.29 M | |||
587 BNT 587Bancor Network | $0.285 | 3.54% | 3.84% | 9.56% | $30.63 M | $30.63 M | $867,556.83 | |||
592 AVNT 592Avantis | $0.09057 | −1.27% | −1.27% | −4.08% | $30.15 M | $90.57 M | $4.19 M | |||
597 MNGO 597Mango | $0.0265 | −1.47% | −2.16% | −5.81% | $29.61 M | $29.61 M | $41,548.18 | |||
621 FLIP 621Chainflip | $0.3083 | 0.62% | 10.60% | 2.14% | $27.34 M | $27.59 M | $37,332.00 | |||
661 FRAX 661Frax (prev. FXS) | $0.266 | −2.03% | −1.20% | 10.41% | $25.01 M | $26.62 M | $311,286.45 | |||
668 LINA 668Linear | $0.002449 | 0.42% | 0.89% | 17722.06% | $24.48 M | $24.49 M | $1,331.82 | |||
680 ARKM 680Arkham | $0.1065 | −0.18% | 1.83% | −10.18% | $23.95 M | $106.40 M | $3.13 M | |||
695 KNC 695Kyber Network Crystal | $0.1097 | −1.97% | 1.93% | −0.13% | $22.91 M | $26.39 M | $2.34 M | |||
705 OSMO 705Osmosis | $0.0287 | −4.88% | −12.45% | −20.18% | $22.39 M | $27.92 M | $795,084.38 | |||
713 LON 713Tokenlon | $0.1768 | 2.04% | 3.56% | 2.21% | $21.83 M | $24.83 M | $5,169.97 | |||
765 BASED 765Based | $0.0823 | −4.75% | −7.79% | 23.10% | $19.36 M | $82.40 M | $3.92 M | |||
783 STON 783STON | $0.5036 | −1.00% | −0.46% | −2.37% | $18.86 M | $50.36 M | $25,727.00 | |||
812 DODO 812DODO | $0.01772 | −2.10% | −6.28% | 6.52% | $17.71 M | $17.71 M | $3.86 M | |||
817 AEVO 817Aevo | $0.01913 | −1.16% | 2.27% | 11.18% | $17.55 M | $19.13 M | $3.04 M | |||
822 CETUS 822Cetus Protocol | $0.01811 | −0.49% | −5.30% | 7.01% | $17.33 M | $18.12 M | $1.52 M | |||
842 VELO 842Velodrome Finance | $0.01809 | 5.25% | −2.56% | −0.52% | $16.56 M | $46.16 M | $1.97 M | |||
846 INX 846Infinex | $0.008291 | 16.05% | 20.33% | −0.77% | $16.49 M | $82.67 M | $5.41 M | |||
858 FUL 858Fulcrom | $0.0009712 | 1.86% | −1.39% | 14.49% | $16.23 M | $19.42 M | $2,846.22 | |||
863 ROLL 863RollX | $0.1028 | 0.28% | 81.99% | 34.34% | $16.03 M | $103.40 M | $129,677.73 | |||
867 CHEX 867Chintai | $0.01268 | 9.19% | 14.38% | −1.19% | $15.96 M | $15.96 M | $168,252.13 | |||
878 AQUA 878Aquarius | $0.0003534 | 1.58% | −2.80% | 1.89% | $15.52 M | $35.33 M | $160,474.00 | |||
879 CLO 879Yei Finance | $0.12 | −0.75% | −10.09% | −20.18% | $15.52 M | $120.20 M | $3.41 M | |||
884 LRC 884Loopring | $0.01126 | −1.77% | −10.65% | −10.38% | $15.38 M | $15.44 M | $2.26 M | |||
885 WET 885HumidiFi | $0.06686 | −2.11% | −0.88% | 12.51% | $15.38 M | $66.86 M | $3.05 M | |||
917 F 917SynFutures | $0.003149 | −1.11% | −0.72% | −6.28% | $14.12 M | $31.49 M | $1.42 M | |||
927 MYX 927MYX Finance | $0.07198 | −4.83% | −9.34% | −26.05% | $13.74 M | $72.00 M | $10.31 M | |||
963 JOE 963JOE | $0.02743 | −2.36% | 1.99% | −5.83% | $12.54 M | $12.74 M | $4.35 M | |||
970 GNS 970Gains Network | $0.53 | −1.08% | −11.00% | 2.15% | $12.47 M | $12.47 M | $548,197.69 | |||
1005 H2O 1005H2O | $5.25 | 1.16% | 1.16% | 3.75% | $11.50 M | $11.50 M | $324,114.00 | |||
1061 MAV 1061Maverick Protocol | $0.00878 | −0.92% | −0.73% | −7.62% | $10.29 M | $17.55 M | $1.07 M | |||
1095 DOLO 1095Dolomite | $0.02203 | −1.59% | 1.04% | −5.65% | $9.71 M | $21.95 M | $2.85 M | |||
1115 EPS 1115Ellipsis [OLD] | $0.01292 | 0.44% | 1.80% | 2.01% | $9.35 M | $9.35 M | $762.91 | |||
1152 BAL 1152Balancer | $0.1244 | 15.47% | 23.55% | 39.51% | $8.68 M | $9.00 M | $1.16 M | |||
1153 HFT 1153Hashflow | $0.010266 | 5.57% | 14.55% | 15.63% | $8.68 M | $10.19 M | $1.32 M | |||
1156 CET 1156CoinEx Token | $0.01215 | 4.79% | −4.94% | −12.19% | $8.61 M | $33.75 M | $60,523.00 | |||
1200 PEAR 1200Pear Protocol | $0.01642 | −0.28% | −5.30% | −13.94% | $7.94 M | $13.99 M | $5,567.74 | |||
1226 DRIFT 1226Drift Protocol | $0.01245 | −0.61% | −5.38% | −19.13% | $7.61 M | $12.44 M | $2.53 M | |||
1249 THE 1249THENA | $0.0544 | −2.07% | 2.80% | −4.61% | $7.25 M | $15.49 M | $4.00 M | |||
1280 MCB 1280MUX Protocol | $1.79 | 0.00% | −4.28% | −5.29% | $6.84 M | $8.60 M | $130.13 | |||
1297 THOR 1297THORSwap | $0.0261 | −37.27% | −29.31% | −16.57% | $6.63 M | $7.34 M | $18,135.37 | |||
1308 ANY 1308Anyswap | $0.4902 | 0.44% | 0.31% | 0.70% | $6.46 M | $49.02 M | $1.96 | |||
1315 QUICK 1315Quickswap [OLD] | $9.62 | 0.95% | 0.10% | 7.36% | $6.40 M | $8.64 M | $2,110.78 | |||
1363 RION 1363Hyperion | $0.1646 | −0.68% | 0.56% | −1.33% | $5.70 M | $16.44 M | $74,376.34 | |||
1372 SDEX 1372SmarDex | $0.000572 | 1.30% | −1.23% | −23.76% | $5.60 M | $5.71 M | $8,966.97 | |||
1388 HDN 1388Hydranet | $0.02868 | −0.63% | −1.72% | −9.85% | $5.39 M | $8.60 M | $84,268.00 | |||
1396 OPAL 1396Opal | $0.1065 | −2.74% | −8.89% | −54.28% | $5.32 M | $106.50 M | $36,047.76 | |||
1398 QUICK 1398Quickswap | $0.00794 | 1.60% | 0.43% | 2.92% | $5.28 M | $7.13 M | $115,515.41 | |||
1422 MIN 1422Minswap | $0.002941 | −0.41% | −2.77% | 7.75% | $5.09 M | $7.27 M | $108,622.09 | |||
1432 STORM 1432Storm Trade | $0.004774 | −3.85% | −1.33% | −17.22% | $4.99 M | $4.99 M | $146,819.93 | |||
1441 RHEA 1441RHEA | $0.012328 | 0.90% | −4.05% | 4.51% | $4.90 M | $12.31 M | $160,178.95 | |||
1443 EKUBO 1443Ekubo | $0.4887 | 0.47% | 1.25% | 5.52% | $4.89 M | $4.89 M | $65,545.00 | |||
1445 PNG 1445Pangolin | $0.02069 | −4.13% | −2.04% | −6.27% | $4.88 M | $4.76 M | $452,241.00 | |||
1446 BLUE 1446Bluefin | $0.0089 | −0.20% | −3.70% | −21.07% | $4.85 M | $8.80 M | $1.34 M | |||
1562 ODOS 1562ODOS | $0.001068 | −2.74% | −5.64% | 62.07% | $3.99 M | $10.68 M | $370,068.00 | |||
1589 NEX 1589Nash | $0.08593 | 0.03% | −13.21% | −28.69% | $3.81 M | $4.30 M | $2,638.15 | |||
1641 GDOT 1641GIGADOT | $0.8089 | −2.18% | −0.72% | −4.26% | $3.44 M | $3.44 M | $1,900.50 | |||
1708 MKL 1708Merkle Trade | $0.03099 | −0.04% | 0.21% | −0.88% | $3.10 M | $3.10 M | $1.06 | |||
1786 VOOI 1786VOOI | $0.007825 | −2.64% | 0.44% | 52.56% | $2.69 M | $7.81 M | $117,483.77 | |||
1805 LAYER 1805UniLayer | $0.0657 | 0.31% | 2.82% | −2.07% | $2.63 M | $2.63 M | $1,260.65 | |||
1849 KYO 1849Kyo | $0.01505 | −0.01% | −1.36% | −2.39% | $2.46 M | $3.01 M | $4.98 M | |||
1865 EXCC 1865ExchangeCoin | $0.07779 | −0.56% | 2.82% | −5.61% | $2.40 M | $2.49 M | $31,624.00 | |||
1897 DIME 1897Paradex | $0.01011 | 4.95% | −25.37% | 10.57% | $2.24 M | $10.11 M | $16,326.87 | |||
1946 DRG 1946DragonSwap | $0.00841 | 0.72% | −1.61% | −12.94% | $2.07 M | $8.41 M | $6,228.35 | |||
1960 XSUSHI 1960xSUSHI | $0.2613 | 0.48% | −0.95% | 11.78% | $2.04 M | $15.96 M | $1,089.62 | |||
1973 FT 1973Flying Tulip | $0.09827 | 2.23% | 6.39% | −0.28% | $2.02 M | $982.70 M | $297,534.00 | |||
1984 RAILS 1984Rails | $0.05914 | −0.18% | 2.99% | −9.02% | $1.99 M | $3.84 M | $1,262.28 | |||
1997 KIT 1997DexKit | $0.1966 | 2.94% | 3.02% | 23.98% | $1.97 M | $1.97 M | $370.52 | |||
2008 SRM 2008Serum | $0.0074 | 7.03% | 2.70% | 13.09% | $1.95 M | $8.09 M | $9,778.65 |
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Frequently Asked Questions
What is a DEX in crypto?
A decentralized exchange (DEX) is a peer-to-peer marketplace where traders swap crypto assets directly through smart contracts, without a custodian holding funds. DEX tokens are the governance and utility tokens of these protocols, used for fee discounts, liquidity rewards, and protocol voting. Non-custodial settlement removes the counterparty risk centralized exchanges carry. DropsTab tracks more than 360 DEX projects with a combined market cap above $20B, sortable by market cap, volume, and fully diluted valuation.
How does a decentralized exchange work?
A decentralized exchange settles trades on-chain through smart contracts using one of three models. Automated market makers (AMMs) like Uniswap and PancakeSwap price swaps from liquidity pools funded by users. Order-book DEXs match bids and asks directly — the model behind perpetual venues like Hyperliquid. Aggregators like 1inch and CoW Protocol route orders across multiple pools for better pricing. All three models keep funds in user wallets until execution, preserving self-custody.
What is the difference between a DEX and a CEX?
A DEX is non-custodial and runs entirely on smart contracts, while a centralized exchange (CEX) holds user funds and matches orders on private servers. DEX trading requires no account or identity verification; a CEX requires KYC and can freeze accounts. Centralized exchanges still handle the majority of spot volume — the DEX-to-CEX spot ratio sat near 0.18 in 2025. DEX advantages of self-custody and permissionless access come with higher technical complexity and gas costs.
Which DEX tokens lead the sector by market cap?
DropsTab ranks Hyperliquid (HYPE) as the largest DEX token by market cap, followed by Aster (ASTER) and Uniswap (UNI). Hyperliquid and Aster are perpetual-futures DEXs; Uniswap is the original spot AMM. Solana-based Jupiter (JUP) and Pump.fun (PUMP), plus PancakeSwap (CAKE) and Curve (CRV), round out the leaders. Market cap leadership shifts with price, so the live DropsTab DEX ranking reflects the current order across more than 360 tracked projects.
What is a decentralized perpetual exchange?
A decentralized perpetual exchange (perp DEX) lets traders take leveraged long or short positions on crypto with no expiry date, settled on-chain without a custodian. Perp DEXs now generate the highest trading volumes in the DEX category. Hyperliquid is the largest perp DEX by trading volume, running its own L1 blockchain with a fully on-chain order book. Concentration is a structural risk: one venue handling roughly a third of perp DEX volume means category activity depends heavily on that protocol's uptime.
Are decentralized exchanges safe?
Decentralized exchanges remove custodial risk — funds stay in user wallets, not on an exchange that can be hacked or freeze withdrawals. Smart-contract risk replaces it: a bug or exploit in protocol code can drain funds permanently. DEX exploits cost users hundreds of millions in 2025, including the Cetus hack of over $220M in May 2025. Safety depends on audited contracts and protocol maturity, not on the DEX model alone.
Do decentralized exchanges require KYC?
Most decentralized exchanges require no KYC — trading needs only a connected self-custody wallet, with no account, identity check, or regional gate. Permissionless access is a core DEX feature, but the same absence of identity verification draws growing regulatory scrutiny. Some jurisdictions are moving to extend exchange rules to decentralized front-ends. Traders keep privacy and control while accepting that no intermediary can reverse a mistaken or malicious transaction.
What gives DEX tokens their value?
DEX tokens derive value from protocol usage rather than from the trades themselves. Governance rights let holders vote on fee tiers, treasury spending, and upgrades. Fee-sharing and buyback mechanisms route protocol revenue to token holders — Hyperliquid and several peers use trading fees to buy back and remove tokens from supply. Liquidity incentives reward holders who supply capital to pools. DEX token value tracks trading volume and revenue, which DropsTab displays alongside Vesting and Fundraising data per project.