DEX
1.14%
0.03%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
9 HYPE 9Hyperliquid | $67.54 | 4.40% | 6.66% | 51.49% | $17.01 B | $64.01 B | $703.06 M | |||
39 UNI 39Uniswap | $2.97 | 13.17% | 17.61% | −21.13% | $1.83 B | $2.63 B | $94.83 M | |||
41 ASTER 41Aster | $0.653 | 2.86% | 5.70% | −3.09% | $1.76 B | $5.11 B | $49.28 M | |||
73 JUP 73Jupiter | $0.1955 | 9.47% | 24.82% | −9.31% | $648.46 M | $1.34 B | $40.14 M | |||
80 PUMP 80Pump.fun | $0.001566 | −0.32% | −0.83% | −13.48% | $543.93 M | $1.34 B | $38.52 M | |||
87 CAKE 87PancakeSwap | $1.41 | 1.33% | 8.45% | −6.21% | $456.97 M | $474.42 M | $15.72 M | |||
91 LIT 91Lighter | $1.69 | 0.05% | 14.80% | 95.72% | $424.00 M | $1.70 B | $32.08 M | |||
96 CRV 96Curve DAO | $0.2468 | 2.33% | 25.04% | −6.27% | $371.37 M | $585.21 M | $34.44 M | |||
115 GNO 115Gnosis | $108.71 | −1.21% | 12.43% | −15.26% | $283.11 M | $321.77 M | $1.12 M | |||
139 PENDLE 139Pendle | $1.35 | −1.78% | 8.58% | −31.32% | $232.35 M | $382.60 M | $17.81 M | |||
161 RAY 161Raydium | $0.637 | 2.31% | 9.94% | −14.62% | $171.39 M | $353.48 M | $13.16 M | |||
162 FF 162Falcon Finance | $0.07309 | 1.18% | −16.24% | −17.93% | $171.08 M | $731.10 M | $12.11 M | |||
173 GENIUS 173Genius | $0.4398 | −9.12% | −0.64% | −10.00% | $147.67 M | $420.03 M | $9.25 M | |||
180 RUNE 180THORChain | $0.393 | −0.24% | 14.53% | −19.56% | $132.57 M | $138.78 M | $8.32 M | |||
185 FT 185Flying Tulip | $0.1037 | 1.50% | 5.81% | 12.30% | $127.24 M | $1.04 B | $496,266.00 | |||
191 EDGE 191edgeX | $0.3486 | −7.60% | −17.33% | −72.23% | $122.19 M | $349.10 M | $5.29 M | |||
206 1INCH 2061INCH | $0.0771 | 3.91% | 8.81% | −19.91% | $108.65 M | $115.47 M | $13.63 M | |||
215 DYDX 215dYdX | $0.1218 | −0.98% | −9.58% | −18.56% | $102.73 M | $116.63 M | $6.31 M | |||
228 COW 228CoW Protocol | $0.159 | 1.10% | 14.55% | −10.87% | $91.83 M | $158.70 M | $4.88 M | |||
233 FLUID 233Fluid | $1.11 | 2.14% | 1.57% | −32.04% | $87.90 M | $111.70 M | $2.19 M | |||
234 SNX 234Synthetix | $0.2549 | 3.38% | 4.52% | −20.81% | $87.82 M | $87.93 M | $8.98 M | |||
265 ZRX 2650x Protocol | $0.0898 | 0.51% | 4.93% | −20.29% | $75.73 M | $89.26 M | $11.11 M | |||
269 MAGMA 269Magma Finance | $0.3956 | 21.44% | −2.67% | 85.59% | $75.16 M | $395.60 M | $4.97 M | |||
286 ORCA 286Orca | $1.14 | −0.88% | 10.14% | −22.97% | $69.31 M | $85.50 M | $15.81 M | |||
312 MET 312Meteora | $0.1177 | 8.85% | 18.28% | −23.22% | $62.65 M | $118.03 M | $13.28 M | |||
327 DRV 327Derive | $0.102 | 1.49% | −9.48% | 30.20% | $59.25 M | $102.00 M | $279,922.00 | |||
347 SUSHI 347SushiSwap | $0.1896 | 3.92% | 13.66% | −17.87% | $54.18 M | $55.07 M | $5.29 M | |||
387 VVS 387VVS Finance | $0.00000109 | −0.30% | 0.46% | −17.89% | $47.47 M | $103.67 M | $87,526.00 | |||
471 AVNT 471Avantis | $0.112 | −0.48% | 12.92% | −22.45% | $36.36 M | $112.20 M | $9.95 M | |||
474 OSMO 474Osmosis | $0.0464 | −0.67% | 9.90% | −26.65% | $35.84 M | $45.07 M | $2.29 M | |||
501 RTX 501RateX | $1.07 | 19.30% | 24.98% | −19.02% | $17.88 M | $107.30 M | $810,973.23 | |||
513 EROWAN 513Sifchain | $0.0₅92 | −8.11% | 20.61% | −99.99% | $27,889.17 | $27,932.08 | $3,384.61 | |||
533 MYX 533MYX Finance | $0.168 | −2.73% | −33.67% | −17.11% | $32.05 M | $168.00 M | $12.53 M | |||
540 MNGO 540Mango | $0.0281 | 4.00% | −1.99% | −12.23% | $31.40 M | $31.40 M | $10,433.14 | |||
551 BNT 551Bancor Network | $0.2849 | 2.62% | 4.36% | −15.92% | $30.73 M | $30.73 M | $585,240.73 | |||
552 ARKM 552Arkham | $0.1361 | 3.51% | 14.75% | 4.53% | $30.73 M | $136.50 M | $7.33 M | |||
611 FRAX 611Frax (prev. FXS) | $0.2809 | −1.78% | −2.19% | −36.60% | $26.83 M | $28.00 M | $1.44 M | |||
619 LINA 619Linear | $0.002615 | 19371.89% | 21180.32% | −26.89% | $26.14 M | $26.15 M | $3,159.59 | |||
620 MMT 620Momentum | $0.1282 | −1.18% | 21.10% | 1.27% | $26.10 M | $127.90 M | $6.55 M | |||
622 CLO 622Yei Finance | $0.2017 | 4.12% | 33.68% | 77.06% | $26.08 M | $202.00 M | $38.10 M | |||
629 FLIP 629Chainflip | $0.2889 | −2.54% | −12.34% | 34.14% | $25.76 M | $26.00 M | $140,384.39 | |||
653 LON 653Tokenlon | $0.1936 | 1.19% | 1.79% | −18.49% | $23.90 M | $27.19 M | $17,829.47 | |||
688 STON 688STON | $0.5797 | −1.90% | 5.36% | −19.76% | $21.71 M | $57.97 M | $13,803.40 | |||
696 KNC 696Kyber Network Crystal | $0.1249 | 1.13% | 4.94% | −13.79% | $21.20 M | $30.02 M | $4.74 M | |||
752 LRC 752Loopring | $0.01392 | 1.68% | 5.55% | −21.29% | $18.99 M | $19.07 M | $1.20 M | |||
759 CHEX 759Chintai | $0.01481 | 18.76% | 6.02% | −27.08% | $18.58 M | $18.58 M | $275,230.73 | |||
766 BASED 766Based | $0.07852 | 9.90% | 23.62% | 3.31% | $18.46 M | $78.57 M | $15.16 M | |||
769 AEVO 769Aevo | $0.02005 | −0.67% | 4.18% | −33.74% | $18.33 M | $19.99 M | $1.89 M | |||
773 CETUS 773Cetus Protocol | $0.01929 | −0.28% | 6.07% | −32.51% | $18.23 M | $19.23 M | $2.85 M | |||
791 F 791SynFutures | $0.00404 | 1.15% | 5.59% | −26.12% | $17.34 M | $40.44 M | $3.24 M | |||
829 INX 829Infinex | $0.008095 | 2.22% | 16.79% | −28.89% | $16.14 M | $80.95 M | $438,017.72 | |||
831 DODO 831DODO | $0.01614 | 3.60% | −4.89% | −15.82% | $16.13 M | $16.13 M | $768,593.98 | |||
836 FUL 836Fulcrom | $0.0009547 | 0.31% | 2.95% | −12.50% | $15.94 M | $19.09 M | $2,227.79 | |||
863 AQUA 863Aquarius | $0.0004175 | 10.11% | 5.46% | 23.06% | $14.99 M | $41.74 M | $354,302.00 | |||
868 VELO 868Velodrome Finance | $0.01617 | 13.48% | 20.16% | −1.90% | $14.80 M | $40.49 M | $3.47 M | |||
870 JOE 870JOE | $0.0322 | 0.80% | 5.42% | −27.69% | $14.73 M | $14.96 M | $5.30 M | |||
888 GNS 888Gains Network | $0.606 | 1.69% | 23.34% | 12.09% | $14.27 M | $14.27 M | $925,841.87 | |||
902 WET 902HumidiFi | $0.06001 | 0.47% | 8.89% | −27.05% | $13.80 M | $60.01 M | $10.81 M | |||
915 CET 915CoinEx Token | $0.01872 | 0.39% | 3.62% | −26.32% | $13.27 M | $51.99 M | $59,058.00 | |||
933 H2O 933H2O | $5.69 | 1.43% | 4.40% | −24.83% | $12.83 M | $12.83 M | $562,526.00 | |||
967 DOLO 967Dolomite | $0.02469 | −1.26% | 10.34% | −24.05% | $12.04 M | $24.62 M | $3.21 M | |||
1007 ROLL 1007RollX | $0.07237 | −8.20% | −22.22% | 220.22% | $11.17 M | $72.08 M | $136,952.80 | |||
1044 DRIFT 1044Drift Protocol | $0.0168 | 0.11% | 5.07% | −46.80% | $10.27 M | $16.80 M | $3.50 M | |||
1054 MAV 1054Maverick Protocol | $0.01098 | 0.56% | 3.62% | −26.59% | $10.15 M | $21.86 M | $729,685.07 | |||
1076 EPS 1076Ellipsis [OLD] | $0.01387 | −0.04% | 3.60% | −8.17% | $9.69 M | $10.04 M | $13.88 | |||
1095 THE 1095THENA | $0.0698 | 0.62% | 3.48% | −29.71% | $9.27 M | $19.82 M | $4.27 M | |||
1101 THOR 1101THORSwap | $0.03609 | −0.70% | −3.19% | 1.14% | $9.18 M | $10.15 M | $3,635.11 | |||
1121 HFT 1121Hashflow | $0.01052 | 1.16% | 4.46% | −28.36% | $8.76 M | $10.49 M | $2.59 M | |||
1174 MCB 1174MUX Protocol | $2.06 | −2.83% | −3.74% | 60.94% | $7.87 M | $9.89 M | $3,294.69 | |||
1185 BAL 1185Balancer | $0.1105 | 2.85% | 2.76% | −25.56% | $7.71 M | $8.00 M | $117,191.81 | |||
1192 HDN 1192Hydranet | $0.03705 | −4.01% | −8.83% | −7.71% | $7.58 M | $11.12 M | $86,125.00 | |||
1197 SDEX 1197SmarDex | $0.000766 | −6.58% | −33.15% | −51.22% | $7.49 M | $7.64 M | $201,801.54 | |||
1215 QUICK 1215Quickswap [OLD] | $9.56 | −0.52% | 9.84% | −9.02% | $7.26 M | $8.83 M | $11,237.44 | |||
1236 ANY 1236Anyswap | $0.5337 | 0.21% | 3.35% | −9.00% | $7.04 M | $53.37 M | $16.67 | |||
1250 STORM 1250Storm Trade | $0.005881 | 13.29% | 32.22% | 32.28% | $6.94 M | $6.94 M | $126,698.50 | |||
1279 OPAL 1279Opal | $0.1323 | 2.40% | 18.11% | 139.09% | $6.61 M | $9.26 M | $61,217.76 | |||
1326 NEX 1326Nash | $0.1374 | 2.97% | 18.76% | −0.36% | $6.09 M | $6.87 M | $391.25 | |||
1340 MIN 1340Minswap | $0.00344 | −1.44% | 8.14% | −29.27% | $5.95 M | $8.51 M | $70,914.65 | |||
1350 BLUE 1350Bluefin | $0.01164 | −3.89% | 0.62% | −32.67% | $5.81 M | $11.64 M | $4.04 M | |||
1393 PNG 1393Pangolin | $0.02328 | 1.87% | 2.80% | −26.67% | $5.45 M | $5.35 M | $509,253.00 | |||
1407 QUICK 1407Quickswap | $0.00705 | −15.08% | −1.67% | −27.18% | $5.36 M | $6.51 M | $577,966.93 | |||
1430 EKUBO 1430Ekubo | $0.5168 | 3.89% | 5.59% | −9.91% | $5.17 M | $5.17 M | $12,271.68 | |||
1465 GDOT 1465GIGADOT | $1.01 | 1.93% | 6.23% | −23.64% | $4.95 M | $4.95 M | $2,491.17 | |||
1577 PEAR 1577Pear Protocol | $0.01569 | 2.93% | 3.04% | 4.42% | $4.04 M | $13.37 M | $20,537.00 | |||
1664 MKL 1664Merkle Trade | $0.03458 | −1.80% | −11.41% | −30.17% | $3.46 M | $3.46 M | $15.39 | |||
1712 DIME 1712Paradex | $0.01453 | 29.69% | −23.42% | −34.31% | $3.22 M | $14.53 M | $43,158.00 | |||
1746 RHEA 1746RHEA | $0.015525 | 10.83% | 3.17% | 46.69% | $3.11 M | $15.57 M | $378,628.40 | |||
1758 RION 1758Hyperion | $0.1801 | 0.21% | 3.03% | −14.34% | $3.06 M | $18.02 M | $95,553.00 | |||
1829 LAYER 1829UniLayer | $0.0685 | 4.74% | −9.39% | −29.48% | $2.74 M | $2.74 M | $1,164.13 | |||
1846 EXCC 1846ExchangeCoin | $0.08728 | −0.13% | 3.66% | 1.63% | $2.69 M | $2.79 M | $29,956.00 | |||
1857 REX 1857Etherex | $0.007612 | −4.08% | −2.74% | −45.73% | $2.66 M | $7.61 M | $965.60 | |||
1870 KYO 1870Kyo | $0.01588 | −0.31% | 1.71% | 2.68% | $2.60 M | $3.18 M | $2.76 M | |||
1881 DRG 1881DragonSwap | $0.0103 | −0.58% | 4.04% | −7.46% | $2.53 M | $10.30 M | $10,460.29 | |||
1919 ALOT 1919Dexalot | $0.03759 | −0.38% | −0.99% | −12.86% | $2.38 M | $3.76 M | $7,081.55 | |||
1928 KDK 1928Kodiak Finance | $0.1597 | 1.05% | −4.35% | −15.15% | $2.36 M | $15.97 M | $50,108.00 | |||
1940 SWAP 1940HyperSwap | $0.03433 | 1.23% | 20.50% | 89.95% | $2.33 M | $3.17 M | $12,114.98 | |||
1975 ZEX 1975Zeta Markets | $0.01188 | 6.19% | −26.46% | −49.48% | $2.23 M | $11.88 M | $82,899.77 | |||
1977 XSUSHI 1977xSUSHI | $0.2853 | 0.98% | 9.66% | −17.91% | $2.22 M | $17.42 M | $2,904.65 | |||
2015 ZEAL 2015ZEAL | $0.008808 | 3.29% | 0.23% | −20.17% | $2.11 M | $2.11 M | $3,489.49 | |||
2045 RAILS 2045Rails | $0.06202 | 20.91% | 12.34% | −23.09% | $2.05 M | $4.03 M | $4,091.31 |
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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.