DEX
1.14%
0.04%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
9 HYPE 9Hyperliquid | $67.12 | 5.65% | 8.04% | 54.81% | $17.09 B | $64.32 B | $707.72 M | |||
39 UNI 39Uniswap | $2.86 | 12.64% | 17.12% | −16.18% | $1.81 B | $2.60 B | $121.69 M | |||
41 ASTER 41Aster | $0.65 | 2.94% | 4.88% | −2.66% | $1.76 B | $5.09 B | $49.50 M | |||
73 JUP 73Jupiter | $0.191 | 7.99% | 23.40% | −7.73% | $638.83 M | $1.32 B | $40.07 M | |||
80 PUMP 80Pump.fun | $0.001548 | −1.20% | −0.71% | −13.05% | $541.47 M | $1.34 B | $40.93 M | |||
87 CAKE 87PancakeSwap | $1.39 | 0.95% | 7.70% | −6.09% | $454.38 M | $471.73 M | $14.65 M | |||
92 LIT 92Lighter | $1.67 | −0.51% | 11.56% | 94.51% | $417.75 M | $1.67 B | $52.84 M | |||
97 CRV 97Curve DAO | $0.245 | 2.75% | 24.18% | −2.35% | $373.05 M | $587.86 M | $35.08 M | |||
116 GNO 116Gnosis | $107.00 | −1.42% | 12.20% | −14.18% | $282.14 M | $320.66 M | $1.12 M | |||
139 PENDLE 139Pendle | $1.34 | −2.60% | 7.70% | −32.12% | $230.47 M | $379.50 M | $17.72 M | |||
160 FF 160Falcon Finance | $0.07296 | 2.01% | −14.71% | −17.92% | $170.07 M | $726.80 M | $12.08 M | |||
161 RAY 161Raydium | $0.628 | 2.27% | 8.58% | −14.53% | $169.89 M | $350.37 M | $13.22 M | |||
173 GENIUS 173Genius | $0.44 | −6.59% | 3.21% | −8.64% | $148.61 M | $422.71 M | $8.96 M | |||
180 RUNE 180THORChain | $0.392 | 0.57% | 13.68% | −18.84% | $132.64 M | $138.85 M | $8.31 M | |||
185 FT 185Flying Tulip | $0.1036 | 0.83% | 5.41% | 13.13% | $127.09 M | $1.04 B | $429,321.00 | |||
192 EDGE 192edgeX | $0.3436 | −9.43% | −17.24% | −72.18% | $120.61 M | $344.60 M | $5.19 M | |||
206 1INCH 2061INCH | $0.0765 | 3.73% | 8.56% | −19.45% | $108.14 M | $114.93 M | $13.78 M | |||
215 DYDX 215dYdX | $0.1205 | −2.54% | −10.02% | −17.71% | $101.88 M | $115.67 M | $6.38 M | |||
227 COW 227CoW Protocol | $0.158 | 0.53% | 13.57% | −11.57% | $91.47 M | $158.10 M | $5.02 M | |||
236 FLUID 236Fluid | $1.11 | 1.48% | 0.53% | −32.29% | $87.35 M | $111.00 M | $2.20 M | |||
239 SNX 239Synthetix | $0.251 | 2.49% | 3.85% | −20.79% | $86.68 M | $86.79 M | $8.85 M | |||
266 ZRX 2660x Protocol | $0.0891 | 0.20% | 5.51% | −20.13% | $75.63 M | $89.14 M | $11.10 M | |||
267 MAGMA 267Magma Finance | $0.3966 | 21.11% | −0.18% | 84.41% | $75.24 M | $396.00 M | $4.95 M | |||
289 ORCA 289Orca | $1.13 | −0.74% | 9.50% | −26.92% | $68.70 M | $84.75 M | $14.19 M | |||
313 MET 313Meteora | $0.1163 | 6.47% | 16.05% | −24.46% | $61.91 M | $116.64 M | $11.15 M | |||
326 DRV 326Derive | $0.1016 | 0.54% | −10.11% | 28.58% | $59.02 M | $101.60 M | $183,036.00 | |||
352 SUSHI 352SushiSwap | $0.1865 | 3.31% | 13.17% | −13.38% | $53.38 M | $54.25 M | $11.27 M | |||
389 VVS 389VVS Finance | $0.00000108 | −0.27% | 0.95% | −17.46% | $47.03 M | $102.72 M | $95,306.78 | |||
474 AVNT 474Avantis | $0.1103 | −2.30% | 7.81% | −22.02% | $35.78 M | $110.40 M | $9.86 M | |||
475 OSMO 475Osmosis | $0.0462 | −0.16% | 10.96% | −25.45% | $35.74 M | $44.93 M | $2.25 M | |||
501 RTX 501RateX | $1.09 | 21.01% | 19.98% | −18.51% | $18.23 M | $109.40 M | $836,298.67 | |||
513 EROWAN 513Sifchain | $0.0₅92 | −7.89% | 20.51% | −99.99% | $27,889.17 | $27,932.08 | $3,384.61 | |||
539 MYX 539MYX Finance | $0.1645 | −3.56% | −34.60% | −16.70% | $31.59 M | $165.60 M | $12.72 M | |||
541 MNGO 541Mango | $0.02809 | 4.03% | −2.04% | −12.67% | $31.39 M | $31.39 M | $10,451.88 | |||
549 BNT 549Bancor Network | $0.2835 | 2.75% | 3.74% | −16.73% | $30.59 M | $30.59 M | $573,252.35 | |||
555 ARKM 555Arkham | $0.1339 | 0.11% | 12.11% | 5.82% | $30.25 M | $134.40 M | $7.00 M | |||
612 FRAX 612Frax (prev. FXS) | $0.2809 | −1.78% | −2.13% | −35.94% | $26.84 M | $28.01 M | $1.43 M | |||
619 LINA 619Linear | $0.002615 | 19439.05% | 21107.15% | −28.12% | $26.14 M | $26.15 M | $3,163.76 | |||
620 MMT 620Momentum | $0.1277 | −1.41% | 20.74% | 1.77% | $26.10 M | $127.90 M | $3.35 M | |||
631 FLIP 631Chainflip | $0.2865 | −2.92% | −12.67% | 33.84% | $25.71 M | $25.95 M | $139,488.28 | |||
650 CLO 650Yei Finance | $0.1904 | −16.71% | 26.45% | 76.61% | $24.44 M | $189.30 M | $36.36 M | |||
654 LON 654Tokenlon | $0.2035 | 1.70% | 2.31% | −17.26% | $23.98 M | $27.29 M | $17,721.67 | |||
685 STON 685STON | $0.5841 | −1.99% | 4.65% | −19.71% | $21.87 M | $58.41 M | $14,063.10 | |||
696 KNC 696Kyber Network Crystal | $0.1243 | 0.81% | 2.06% | −13.33% | $21.15 M | $29.95 M | $4.75 M | |||
746 LRC 746Loopring | $0.01389 | 1.39% | 6.01% | −21.91% | $19.01 M | $19.08 M | $1.18 M | |||
762 CHEX 762Chintai | $0.0149 | 18.37% | 6.03% | −27.50% | $18.57 M | $18.57 M | $275,960.97 | |||
768 BASED 768Based | $0.07829 | 6.82% | 19.52% | 2.98% | $18.30 M | $77.89 M | $15.37 M | |||
771 AEVO 771Aevo | $0.01986 | −1.46% | 3.30% | −32.32% | $18.23 M | $19.88 M | $1.86 M | |||
772 CETUS 772Cetus Protocol | $0.01911 | −0.03% | 5.17% | −32.20% | $18.19 M | $19.19 M | $2.87 M | |||
798 F 798SynFutures | $0.00399 | −0.20% | 3.80% | −27.41% | $17.12 M | $39.92 M | $3.23 M | |||
831 DODO 831DODO | $0.01601 | 4.25% | −2.56% | −14.76% | $16.02 M | $16.02 M | $765,988.36 | |||
834 INX 834Infinex | $0.008024 | 1.81% | 15.47% | −28.80% | $15.99 M | $80.16 M | $436,306.21 | |||
838 FUL 838Fulcrom | $0.0009508 | 0.17% | 3.15% | −12.48% | $15.87 M | $19.02 M | $2,080.78 | |||
869 JOE 869JOE | $0.032 | −0.19% | 4.41% | −27.66% | $14.67 M | $14.91 M | $5.30 M | |||
871 VELO 871Velodrome Finance | $0.01601 | 12.81% | 17.64% | −3.28% | $14.65 M | $40.09 M | $3.45 M | |||
874 AQUA 874Aquarius | $0.0004071 | 9.65% | 4.89% | 24.27% | $14.62 M | $40.70 M | $441,907.00 | |||
889 GNS 889Gains Network | $0.603 | 1.21% | 23.63% | 11.98% | $14.22 M | $14.22 M | $919,614.05 | |||
904 WET 904HumidiFi | $0.05924 | −1.75% | 8.36% | −27.76% | $13.71 M | $59.63 M | $10.70 M | |||
912 CET 912CoinEx Token | $0.01874 | 0.49% | 3.71% | −26.43% | $13.28 M | $52.05 M | $58,544.00 | |||
934 H2O 934H2O | $5.68 | 1.79% | 4.21% | −24.74% | $12.81 M | $12.81 M | $556,864.00 | |||
969 DOLO 969Dolomite | $0.02462 | −1.55% | 8.82% | −23.34% | $12.03 M | $24.60 M | $3.20 M | |||
1007 ROLL 1007RollX | $0.07236 | −7.89% | −22.53% | 241.41% | $11.17 M | $72.09 M | $134,386.72 | |||
1043 DRIFT 1043Drift Protocol | $0.01682 | −0.29% | 5.11% | −46.35% | $10.29 M | $16.82 M | $3.44 M | |||
1060 MAV 1060Maverick Protocol | $0.01086 | 0.49% | 2.39% | −26.70% | $10.11 M | $21.76 M | $705,743.56 | |||
1079 EPS 1079Ellipsis [OLD] | $0.01383 | 0.35% | 3.08% | −8.03% | $9.66 M | $10.01 M | $13.88 | |||
1102 THE 1102THENA | $0.0691 | 0.23% | 2.21% | −30.19% | $9.20 M | $19.66 M | $4.13 M | |||
1103 THOR 1103THORSwap | $0.03607 | −0.73% | −3.58% | 0.81% | $9.18 M | $10.14 M | $3,611.52 | |||
1120 HFT 1120Hashflow | $0.0105 | 2.65% | 4.85% | −27.63% | $8.79 M | $10.52 M | $2.62 M | |||
1170 MCB 1170MUX Protocol | $2.07 | −0.48% | −3.27% | 60.94% | $7.91 M | $9.94 M | $233.02 | |||
1184 BAL 1184Balancer | $0.1104 | 3.30% | 3.10% | −25.74% | $7.72 M | $8.00 M | $116,649.57 | |||
1191 HDN 1191Hydranet | $0.03707 | −4.11% | −8.95% | −7.55% | $7.59 M | $11.12 M | $83,897.00 | |||
1199 SDEX 1199SmarDex | $0.000765 | −6.54% | −33.10% | −51.15% | $7.49 M | $7.64 M | $200,228.33 | |||
1215 QUICK 1215Quickswap [OLD] | $9.55 | −0.42% | 10.24% | −9.02% | $7.25 M | $8.82 M | $11,208.25 | |||
1238 ANY 1238Anyswap | $0.5321 | 0.22% | 2.87% | −9.00% | $7.02 M | $53.21 M | $16.61 | |||
1249 STORM 1249Storm Trade | $0.005881 | 13.30% | 32.34% | 32.10% | $6.93 M | $6.93 M | $126,121.61 | |||
1282 OPAL 1282Opal | $0.1318 | 3.25% | 17.66% | 138.36% | $6.59 M | $9.23 M | $60,596.32 | |||
1324 NEX 1324Nash | $0.1374 | 2.97% | 18.75% | −0.35% | $6.09 M | $6.87 M | $391.29 | |||
1342 MIN 1342Minswap | $0.003376 | −0.98% | 6.45% | −29.29% | $5.92 M | $8.45 M | $72,492.49 | |||
1350 BLUE 1350Bluefin | $0.0118 | −2.59% | 0.41% | −32.03% | $5.85 M | $11.71 M | $3.84 M | |||
1389 PNG 1389Pangolin | $0.02329 | 1.70% | 3.58% | −26.80% | $5.45 M | $5.36 M | $509,752.00 | |||
1393 QUICK 1393Quickswap | $0.00717 | −13.08% | −0.79% | −28.05% | $5.43 M | $6.60 M | $577,045.25 | |||
1433 EKUBO 1433Ekubo | $0.5168 | 3.78% | 7.07% | −9.76% | $5.17 M | $5.17 M | $12,158.08 | |||
1464 GDOT 1464GIGADOT | $1.01 | 1.93% | 5.45% | −22.44% | $4.94 M | $4.94 M | $2,482.54 | |||
1578 PEAR 1578Pear Protocol | $0.01568 | 3.00% | 2.70% | 4.00% | $4.03 M | $13.36 M | $20,473.00 | |||
1668 MKL 1668Merkle Trade | $0.03453 | −1.96% | −10.80% | −30.27% | $3.45 M | $3.45 M | $15.59 | |||
1747 RHEA 1747RHEA | $0.015459 | 9.41% | 3.07% | 46.53% | $3.10 M | $15.50 M | $373,585.42 | |||
1761 RION 1761Hyperion | $0.1795 | 0.13% | 2.42% | −14.22% | $3.05 M | $17.96 M | $96,928.38 | |||
1800 DIME 1800Paradex | $0.013 | 17.26% | −31.53% | −36.23% | $2.88 M | $13.00 M | $42,534.00 | |||
1832 LAYER 1832UniLayer | $0.068 | 3.98% | −4.49% | −28.78% | $2.72 M | $2.72 M | $1,193.99 | |||
1848 EXCC 1848ExchangeCoin | $0.08712 | −0.28% | 3.22% | 1.22% | $2.69 M | $2.79 M | $30,074.00 | |||
1855 REX 1855Etherex | $0.007611 | −3.82% | −2.34% | −45.84% | $2.66 M | $7.61 M | $957.44 | |||
1869 KYO 1869Kyo | $0.01582 | 0.14% | 1.60% | 3.44% | $2.60 M | $3.17 M | $2.70 M | |||
1882 DRG 1882DragonSwap | $0.0103 | −0.58% | 4.36% | −7.46% | $2.53 M | $10.30 M | $10,459.94 | |||
1920 ALOT 1920Dexalot | $0.03756 | −0.37% | −1.34% | −12.83% | $2.37 M | $3.76 M | $7,074.91 | |||
1928 KDK 1928Kodiak Finance | $0.1599 | 0.92% | −4.76% | −14.99% | $2.35 M | $15.94 M | $49,753.00 | |||
1935 SWAP 1935HyperSwap | $0.03448 | 4.85% | 21.70% | 91.63% | $2.34 M | $3.18 M | $9,944.28 | |||
1963 ZEX 1963Zeta Markets | $0.01207 | 6.95% | −25.67% | −50.38% | $2.27 M | $12.07 M | $86,009.48 | |||
1964 XSUSHI 1964xSUSHI | $0.2901 | 3.28% | 11.44% | −14.65% | $2.26 M | $17.71 M | $4,748.04 | |||
2013 ZEAL 2013ZEAL | $0.008821 | 3.35% | −1.09% | −20.17% | $2.12 M | $2.12 M | $3,412.28 | |||
2041 RAILS 2041Rails | $0.06207 | 15.85% | 12.99% | −34.64% | $2.05 M | $4.03 M | $4,041.12 |
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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.