DEX
1.24%
−0.05%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
9 HYPE 9Hyperliquid | $87.16 | 3.48% | 4.74% | 54.26% | $21.92 B | $82.97 B | $819.35 M | |||
20 UNI 20Uniswap | $7.09 | 12.86% | 45.75% | 74.89% | $4.41 B | $6.32 B | $451.57 M | |||
37 ASTER 37Aster | $0.796 | 10.13% | 15.10% | 31.05% | $2.15 B | $6.24 B | $222.94 M | |||
47 PUMP 47Pump.fun | $0.00399 | −4.58% | −18.57% | 73.48% | $1.58 B | $3.34 B | $180.88 M | |||
58 LIT 58Lighter | $4.74 | 0.79% | 36.98% | 124.41% | $1.19 B | $4.80 B | $79.50 M | |||
71 JUP 71Jupiter | $0.2321 | 7.46% | 8.39% | 24.91% | $770.64 M | $1.60 B | $52.46 M | |||
74 CAKE 74PancakeSwap | $2.26 | 13.73% | 28.79% | 59.45% | $725.92 M | $749.68 M | $91.05 M | |||
80 CRV 80Curve DAO | $0.3827 | 8.07% | 28.51% | 83.23% | $594.28 M | $928.63 M | $72.42 M | |||
96 PENDLE 96Pendle | $2.07 | 6.22% | 19.88% | 46.80% | $357.39 M | $582.76 M | $52.41 M | |||
113 GNO 113Gnosis | $118.62 | 1.00% | 0.98% | 11.45% | $313.10 M | $355.85 M | $522,019.97 | |||
114 RAY 114Raydium | $1.13 | 38.49% | 46.86% | 84.95% | $305.52 M | $633.81 M | $62.56 M | |||
121 FF 121Falcon Finance | $0.1192 | 10.16% | 30.57% | 86.34% | $278.97 M | $1.19 B | $26.10 M | |||
142 EDGE 142edgeX | $0.6408 | 4.99% | 77.09% | 76.96% | $224.28 M | $638.20 M | $3.52 M | |||
168 RUNE 168THORChain | $0.492 | 2.91% | 6.17% | 9.73% | $161.71 M | $174.16 M | $22.42 M | |||
189 1INCH 1891INCH | $0.0961 | 6.39% | 8.83% | 14.86% | $135.83 M | $144.74 M | $33.02 M | |||
196 SNX 196Synthetix | $0.2205 | 65.04% | 67.99% | 64.29% | $75.97 M | $204.31 M | $19.04 M | |||
215 MET 215Meteora | $0.1969 | 5.32% | −1.54% | 19.30% | $108.39 M | $196.55 M | $5.50 M | |||
218 FLUID 218Fluid | $1.28 | 4.38% | −1.55% | 6.60% | $107.13 M | $128.00 M | $1.58 M | |||
227 DYDX 227dYdX | $0.1205 | 1.57% | 9.52% | 5.35% | $101.98 M | $115.38 M | $4.82 M | |||
229 GENIUS 229Genius | $0.2988 | 1.52% | 4.86% | −15.80% | $100.21 M | $285.05 M | $8.60 M | |||
231 DRV 231Derive | $0.1685 | −11.93% | 0.04% | 72.00% | $97.92 M | $170.00 M | $21.45 M | |||
247 ZRX 2470x Protocol | $0.1059 | 0.46% | 8.73% | 33.45% | $89.85 M | $105.90 M | $17.78 M | |||
258 O 258o1.exchange | $0.5251 | −1.48% | −2.22% | 8.84% | $84.02 M | $525.10 M | $2.24 M | |||
260 ORCA 260Orca | $1.36 | 6.93% | 4.46% | 25.00% | $83.17 M | $102.75 M | $13.41 M | |||
277 COW 277CoW Protocol | $0.1328 | 7.55% | 7.28% | 22.85% | $76.13 M | $133.30 M | $3.40 M | |||
304 SUSHI 304SushiSwap | $0.2425 | 25.65% | 22.91% | 44.99% | $69.56 M | $70.43 M | $62.45 M | |||
372 MAGMA 372Magma Finance | $0.2642 | 1.88% | −49.72% | 0.14% | $50.21 M | $263.20 M | $2.20 M | |||
430 VVS 430VVS Finance | $0.0₅96 | 2.09% | −0.80% | 3.14% | $41.81 M | $91.31 M | $870,472.00 | |||
469 AVNT 469Avantis | $0.1082 | 4.23% | 7.48% | 29.61% | $38.14 M | $108.50 M | $3.44 M | |||
491 FLIP 491Chainflip | $0.402 | −1.01% | −10.41% | 17.20% | $35.42 M | $35.94 M | $116,263.37 | |||
492 MNGO 492Mango | $0.03182 | 0.07% | 0.70% | 30.98% | $35.56 M | $35.56 M | $595.41 | |||
507 RTX 507RateX | $0.7164 | −8.51% | −12.32% | −29.05% | $11.94 M | $71.64 M | $1.09 M | |||
539 MMT 539Momentum | $0.1662 | −0.05% | 2.58% | 5.09% | $33.92 M | $165.90 M | $2.37 M | |||
546 BNT 546Bancor Network | $0.3264 | 2.05% | 2.47% | 22.01% | $33.12 M | $33.12 M | $1.06 M | |||
562 STON 562STON | $0.4417 | 0.57% | 1.41% | 0.13% | $31.12 M | $44.17 M | $11,962.81 | |||
598 OSMO 598Osmosis | $0.0358 | 3.63% | 6.54% | 25.67% | $28.19 M | $34.83 M | $2.09 M | |||
608 FRAX 608Frax (prev. FXS) | $0.2974 | 1.83% | −0.42% | 3.42% | $27.84 M | $29.65 M | $202,729.24 | |||
655 KNC 655Kyber Network Crystal | $0.1182 | 0.87% | −1.63% | 14.83% | $24.73 M | $28.49 M | $10.51 M | |||
658 OPAL 658Opal | $0.1227 | 1.07% | 7.17% | 16.37% | $24.54 M | $122.70 M | $9,139.06 | |||
660 ARKM 660Arkham | $0.1089 | 0.87% | −4.28% | 13.42% | $24.51 M | $108.80 M | $3.80 M | |||
666 LON 666Tokenlon | $0.1963 | 0.55% | 1.82% | 11.66% | $24.24 M | $27.57 M | $1,039.52 | |||
685 SODA 685SODAX | $0.01562 | −13.59% | 23.83% | −32.63% | $23.42 M | $23.42 M | $195,141.00 | |||
691 VELO 691Velodrome Finance | $0.02543 | 4.09% | 14.87% | 46.37% | $23.27 M | $66.11 M | $2.74 M | |||
704 CETUS 704Cetus Protocol | $0.02341 | 1.29% | −0.67% | 32.29% | $22.49 M | $23.45 M | $1.83 M | |||
711 AEVO 711Aevo | $0.02379 | 1.30% | 5.85% | 22.50% | $22.19 M | $23.78 M | $14.72 M | |||
756 FUL 756Fulcrom | $0.001198 | 2.42% | 0.66% | 22.51% | $20.01 M | $23.96 M | $1,035.74 | |||
771 ROLL 771RollX | $0.1253 | −0.88% | −2.36% | −13.57% | $19.42 M | $125.20 M | $196,919.95 | |||
798 GRVT 798GRVT | $0.1617 | 0.63% | −5.82% | −41.72% | $18.48 M | $161.70 M | $1.77 M | |||
817 DODO 817DODO | $0.01797 | −1.17% | −8.33% | −38.83% | $17.97 M | $17.97 M | $4.28 M | |||
842 MYX 842MYX Finance | $0.07218 | 1.04% | 1.67% | −1.86% | $16.98 M | $72.22 M | $7.64 M | |||
851 F 851SynFutures | $0.003414 | 1.66% | 7.19% | 20.13% | $16.65 M | $34.17 M | $958,413.00 | |||
868 BASED 868Based | $0.06855 | −0.49% | −2.68% | −15.00% | $16.11 M | $68.70 M | $5.91 M | |||
900 AQUA 900Aquarius | $0.0003467 | 3.53% | 1.64% | 6.95% | $15.24 M | $34.66 M | $149,931.00 | |||
924 JOE 924JOE | $0.03187 | 1.96% | −0.18% | 23.25% | $14.57 M | $14.81 M | $4.50 M | |||
937 CHEX 937Chintai | $0.011358 | 1.64% | 5.92% | 1.38% | $14.19 M | $14.19 M | $151,196.41 | |||
948 INX 948Infinex | $0.006893 | −2.24% | −1.58% | −10.63% | $13.75 M | $69.42 M | $453,024.21 | |||
955 MAV 955Maverick Protocol | $0.01145 | 2.69% | 3.19% | 37.95% | $13.43 M | $22.94 M | $452,610.19 | |||
959 CLO 959Yei Finance | $0.1034 | −12.80% | −13.19% | −15.69% | $13.35 M | $103.60 M | $3.08 M | |||
980 H2O 980H2O | $5.78 | 2.12% | 1.94% | 11.63% | $12.86 M | $12.86 M | $438,613.00 | |||
1001 EPS 1001Ellipsis [OLD] | $0.01718 | 5.70% | 9.62% | 28.41% | $12.43 M | $12.43 M | $226.95 | |||
1028 DOLO 1028Dolomite | $0.02727 | −0.04% | 7.05% | 20.45% | $12.04 M | $27.17 M | $4.63 M | |||
1054 LRC 1054Loopring | $0.008427 | 1.98% | 4.23% | −18.92% | $11.53 M | $11.61 M | $7.65 M | |||
1058 GNS 1058Gains Network | $0.489 | 2.05% | −6.99% | −2.18% | $11.42 M | $11.41 M | $512,367.70 | |||
1084 WET 1084HumidiFi | $0.06205 | 0.16% | 3.03% | −9.39% | $10.60 M | $62.11 M | $539,481.35 | |||
1093 HDN 1093Hydranet | $0.05512 | −2.67% | 61.27% | 103.16% | $10.36 M | $16.54 M | $86,406.00 | |||
1103 THE 1103THENA | $0.0767 | 3.58% | 10.58% | 43.06% | $10.22 M | $21.87 M | $2.39 M | |||
1191 RAM 1191Ramses | $0.1102 | −1.02% | −30.03% | −30.82% | $8.69 M | $26.24 M | $1.11 M | |||
1197 ANY 1197Anyswap | $0.6536 | 6.15% | 10.25% | 28.68% | $8.62 M | $65.36 M | $4.92 | |||
1254 PROLOGUE 1254Prologue | $0.007986 | −15.10% | −4.63% | 1037.23% | $7.99 M | $7.84 M | $3.73 M | |||
1256 THOR 1256THORSwap | $0.03086 | −19.47% | −4.43% | −28.85% | $7.81 M | $8.68 M | $10,067.70 | |||
1262 DRIFT 1262Drift Protocol | $0.01265 | 1.15% | −1.11% | 3.61% | $7.74 M | $12.65 M | $836,566.75 | |||
1271 BAL 1271Balancer | $0.11 | 0.22% | −7.83% | −1.92% | $7.68 M | $7.96 M | $231,918.00 | |||
1277 MCB 1277MUX Protocol | $1.98 | −0.50% | 2.59% | −5.71% | $7.57 M | $9.51 M | $907.11 | |||
1293 DIME 1293Paradex | $0.01095 | 8.66% | −27.52% | −10.76% | $7.32 M | $10.95 M | $1,454.23 | |||
1324 QUICK 1324Quickswap [OLD] | $10.39 | 2.94% | 0.38% | 15.28% | $6.91 M | $9.30 M | $1,626.29 | |||
1347 CET 1347CoinEx Token | $0.009435 | −10.59% | −22.41% | −14.89% | $6.69 M | $26.21 M | $234,800.00 | |||
1351 RION 1351Hyperion | $0.1734 | 0.21% | −1.50% | 6.74% | $6.65 M | $17.34 M | $60,547.25 | |||
1369 PEAR 1369Pear Protocol | $0.01335 | 0.16% | 4.36% | −17.74% | $6.52 M | $11.38 M | $8,596.70 | |||
1390 NEX 1390Nash | $0.1423 | −5.13% | 18.55% | 92.30% | $6.30 M | $7.12 M | $406.36 | |||
1406 QUICK 1406Quickswap | $0.009168 | 2.68% | −0.64% | 12.75% | $6.06 M | $8.20 M | $82,721.71 | |||
1411 MIN 1411Minswap | $0.003512 | 1.49% | 1.60% | 11.62% | $6.03 M | $8.63 M | $95,230.43 | |||
1422 HFT 1422Hashflow | $0.006412 | −0.06% | −8.29% | −70.70% | $5.90 M | $6.40 M | $1.44 M | |||
1432 PNG 1432Pangolin | $0.02419 | 4.00% | 2.30% | 18.95% | $5.73 M | $5.56 M | $381,136.00 | |||
1483 BLUE 1483Bluefin | $0.009609 | 0.34% | 6.27% | 17.38% | $5.30 M | $9.52 M | $1.21 M | |||
1493 RHEA 1493RHEA | $0.013043 | 6.95% | 3.35% | 10.14% | $5.22 M | $12.94 M | $270,427.05 | |||
1494 EKUBO 1494Ekubo | $0.5178 | 5.22% | 6.38% | 14.27% | $5.18 M | $5.18 M | $11,281.71 | |||
1561 SDEX 1561SmarDex | $0.00047 | 0.09% | −1.64% | −8.89% | $4.61 M | $4.70 M | $13,573.01 | |||
1630 GDOT 1630GIGADOT | $1.01 | 4.79% | 10.55% | 20.71% | $4.12 M | $4.12 M | $8,422.19 | |||
1644 REX 1644Etherex | $0.01155 | 7.91% | 118.37% | 152.41% | $4.04 M | $11.55 M | $7,462.36 | |||
1652 STORM 1652Storm Trade | $0.003595 | −1.91% | −8.42% | −14.18% | $3.60 M | $3.99 M | $196,110.63 | |||
1666 MKL 1666Merkle Trade | $0.0391 | 0.11% | −7.97% | −13.14% | $3.91 M | $3.91 M | $0.93 | |||
1764 VOOI 1764VOOI | $0.009647 | −0.57% | 4.67% | 20.99% | $3.33 M | $9.65 M | $166,705.76 | |||
1820 ODOS 1820ODOS | $0.0007942 | 0.72% | 5.80% | −8.55% | $2.98 M | $7.94 M | $195,156.00 | |||
1827 PTS 1827Piteas | $0.04221 | −1.07% | −11.16% | 43.74% | $2.95 M | $4.22 M | $1,389.17 | |||
1840 XSUSHI 1840xSUSHI | $0.3738 | 24.31% | 24.27% | 53.56% | $2.91 M | $22.83 M | $58,112.07 | |||
1858 LAYER 1858UniLayer | $0.071 | 2.16% | 6.30% | 17.55% | $2.84 M | $2.84 M | $17,874.37 | |||
1876 EXCC 1876ExchangeCoin | $0.0896 | 1.69% | 1.83% | 22.78% | $2.77 M | $2.87 M | $185,678.00 | |||
1881 MANCER 1881Mancer | $0.002577 | −14.82% | −27.27% | −31.05% | $2.75 M | $5.71 M | $656,500.53 | |||
1882 PERP 1882Perpetual Protocol | $0.02081 | −7.68% | 0.01% | 5.18% | $2.75 M | $3.12 M | $151,656.81 | |||
1890 KYO 1890Kyo | $0.01664 | 0.29% | −1.18% | 5.75% | $2.72 M | $3.33 M | $875,185.00 |
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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.