DEX
1.29%
−0.04%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
10 HYPE 10Hyperliquid | $77.12 | −8.05% | −13.76% | −18.72% | $19.51 B | $72.90 B | $459.84 M | |||
22 UNI 22Uniswap | $6.86 | −10.48% | 5.67% | −25.77% | $4.28 B | $6.03 B | $368.13 M | |||
41 ASTER 41Aster | $0.6891 | −2.85% | −0.31% | −7.28% | $1.91 B | $5.34 B | $68.25 M | |||
45 PUMP 45Pump.fun | $0.003888 | −9.05% | −2.31% | −40.17% | $1.79 B | $3.18 B | $122.72 M | |||
65 LIT 65Lighter | $3.47 | 3.76% | 24.40% | −16.31% | $867.78 M | $3.42 B | $104.37 M | |||
70 JUP 70Jupiter | $0.2414 | −7.63% | −4.04% | −31.68% | $801.30 M | $1.64 B | $50.33 M | |||
80 CAKE 80PancakeSwap | $1.90 | −6.31% | −0.71% | −23.17% | $624.67 M | $642.22 M | $57.58 M | |||
89 RAY 89Raydium | $1.69 | −3.01% | 5.78% | −25.85% | $456.62 M | $929.62 M | $27.47 M | |||
93 CRV 93Curve DAO | $0.2532 | −8.93% | −17.96% | −33.16% | $400.81 M | $610.18 M | $30.53 M | |||
111 GNO 111Gnosis | $113.66 | 0.92% | 5.84% | −7.01% | $300.01 M | $341.84 M | $1.31 M | |||
114 PENDLE 114Pendle | $1.66 | −8.05% | −5.47% | −33.17% | $289.42 M | $465.65 M | $39.54 M | |||
132 FLUID 132Fluid | $2.45 | −3.51% | 32.10% | 15.99% | $205.07 M | $242.40 M | $17.49 M | |||
133 FF 133Falcon Finance | $0.08693 | −5.49% | −7.58% | −25.60% | $203.42 M | $866.70 M | $6.63 M | |||
140 RUNE 140THORChain | $0.606 | −6.12% | −2.85% | −23.83% | $199.51 M | $212.47 M | $192.80 M | |||
148 DRV 148Derive | $0.3147 | −9.50% | −2.73% | −24.71% | $182.83 M | $313.70 M | $25.31 M | |||
167 MET 167Meteora | $0.2694 | −9.74% | −2.75% | −10.47% | $152.17 M | $265.99 M | $9.23 M | |||
195 1INCH 1951INCH | $0.0795 | −6.31% | −4.93% | −26.70% | $113.42 M | $118.19 M | $21.43 M | |||
201 EDGE 201edgeX | $0.3131 | −13.72% | −4.18% | −33.71% | $109.59 M | $308.10 M | $2.09 M | |||
217 GENIUS 217Genius | $0.2906 | −3.72% | −5.63% | −12.12% | $97.46 M | $275.98 M | $3.94 M | |||
238 DYDX 238dYdX | $0.0955 | −9.94% | −10.70% | −37.60% | $80.80 M | $91.10 M | $3.17 M | |||
241 ORCA 241Orca | $1.31 | −8.26% | −16.56% | −45.67% | $80.13 M | $98.10 M | $5.35 M | |||
244 ZRX 2440x Protocol | $0.0924 | −8.15% | −4.86% | −29.36% | $78.39 M | $91.01 M | $4.11 M | |||
269 MAGMA 269Magma Finance | $0.3538 | −9.59% | 21.17% | 69.38% | $67.24 M | $351.10 M | $5.07 M | |||
271 O 271o1.exchange | $0.4209 | −6.11% | 1.21% | −18.48% | $67.36 M | $414.80 M | $3.05 M | |||
276 COW 276CoW Protocol | $0.1116 | −7.67% | −5.39% | −30.02% | $64.42 M | $110.00 M | $2.89 M | |||
298 SNX 298Synthetix | $0.1636 | −9.80% | −10.99% | −36.29% | $56.36 M | $94.30 M | $4.73 M | |||
315 SUSHI 315SushiSwap | $0.1805 | −7.35% | −5.18% | −30.03% | $51.77 M | $52.33 M | $2.06 M | |||
411 MNGO 411Mango | $0.03228 | 6.31% | −5.63% | −2.89% | $36.07 M | $36.07 M | $540.94 | |||
435 VVS 435VVS Finance | $0.0₅78 | −5.59% | −5.21% | −30.74% | $33.97 M | $74.19 M | $84,802.00 | |||
450 AVNT 450Veranta (formerly Avantis) | $0.0852 | −7.89% | −10.07% | −38.08% | $33.03 M | $84.49 M | $3.40 M | |||
462 STON 462STON | $0.4475 | −1.55% | −4.67% | −26.40% | $31.53 M | $44.75 M | $6,753.30 | |||
483 OSMO 483Osmosis | $0.0402 | −14.47% | −14.76% | 9.48% | $30.11 M | $38.23 M | $3.18 M | |||
499 FLIP 499Chainflip | $0.3252 | −0.27% | 13.39% | 3.99% | $28.23 M | $28.29 M | $114,141.27 | |||
518 MP 518MerlinSwap | $0.00006836 | −15.48% | −25.95% | −55.54% | $215,334.00 | $1.44 M | $40.05 | |||
526 BNT 526Bancor Network | $0.2787 | −6.25% | −1.94% | −21.14% | $28.28 M | $28.08 M | $1.72 M | |||
571 OPAL 571Opal | $0.1227 | −6.58% | 16.53% | 5.34% | $24.54 M | $122.70 M | $8,736.69 | |||
582 MMT 582Momentum | $0.1166 | −8.88% | −10.11% | −37.97% | $23.80 M | $115.40 M | $2.13 M | |||
597 ARKM 597Arkham | $0.1023 | −11.38% | −6.69% | −25.22% | $23.03 M | $101.30 M | $3.08 M | |||
598 FRAX 598Frax (prev. FXS) | $0.2441 | −4.17% | −3.92% | −20.10% | $22.84 M | $24.25 M | $424,892.12 | |||
599 GRVT 599GRVT | $0.2003 | −11.73% | −7.85% | −11.50% | $22.91 M | $198.80 M | $4.60 M | |||
602 LON 602Tokenlon | $0.1806 | −3.57% | 0.26% | −9.63% | $22.54 M | $25.37 M | $19,998.08 | |||
617 DODO 617DODO | $0.02197 | 0.26% | −10.20% | 15.93% | $21.97 M | $22.01 M | $3.18 M | |||
623 KNC 623Kyber Network Crystal | $0.1054 | −7.33% | −6.81% | −27.88% | $22.06 M | $25.05 M | $1.45 M | |||
675 RHEA 675RHEA | $0.04597 | −10.66% | −3.87% | −51.18% | $19.01 M | $45.90 M | $705,185.17 | |||
687 CETUS 687Cetus Protocol | $0.01961 | −8.14% | −4.62% | −32.04% | $18.93 M | $19.34 M | $2.11 M | |||
715 AEVO 715Aevo | $0.01884 | −7.02% | −9.73% | −29.72% | $17.57 M | $18.67 M | $1.14 M | |||
815 VELO 815Velodrome Finance | $0.02611 | −3.77% | −4.01% | −28.33% | $13.69 M | $69.44 M | $34,591.00 | |||
839 F 839SynFutures | $0.002578 | −7.83% | −8.77% | −26.18% | $13.08 M | $25.52 M | $1.16 M | |||
878 JOE 878JOE | $0.0268 | −7.31% | −2.97% | −36.30% | $12.25 M | $12.33 M | $3.67 M | |||
886 FUL 886Fulcrom | $0.000716 | −7.37% | −10.01% | −33.29% | $11.96 M | $14.32 M | $9,323.88 | |||
887 CHEX 887Chintai | $0.009588 | −6.86% | −8.91% | −47.23% | $11.97 M | $11.95 M | $228,820.62 | |||
900 H2O 900H2O | $4.84 | −4.72% | −2.61% | −20.17% | $11.61 M | $11.61 M | $531,940.00 | |||
905 MYX 905MYX Finance | $0.04948 | −12.70% | −13.15% | −32.68% | $11.64 M | $49.13 M | $3.42 M | |||
907 AQUA 907Aquarius | $0.0002586 | −7.79% | −6.29% | −28.44% | $11.54 M | $25.85 M | $305,642.00 | |||
908 CLO 908Yei Finance | $0.04574 | −11.93% | −15.81% | −24.98% | $11.80 M | $11.33 M | $1.26 M | |||
948 PEAR 948Pear Protocol | $0.02043 | −6.70% | −30.88% | −36.28% | $10.50 M | $17.41 M | $52,661.00 | |||
949 EKUBO 949Ekubo | $1.04 | −11.02% | 0.48% | −2.16% | $10.47 M | $10.47 M | $44,414.00 | |||
954 EPS 954Ellipsis [OLD] | $0.01438 | −4.11% | −4.06% | −17.56% | $10.41 M | $10.41 M | $25.26 | |||
982 LRC 982Loopring | $0.007386 | −5.74% | −7.67% | −28.48% | $10.11 M | $10.09 M | $1.94 M | |||
993 BASED 993Based | $0.04231 | −16.98% | −17.37% | −32.82% | $9.94 M | $42.01 M | $6.44 M | |||
1011 DOLO 1011Dolomite | $0.02183 | −7.55% | −1.95% | −32.86% | $9.64 M | $21.62 M | $3.42 M | |||
1020 MAV 1020Maverick Protocol | $0.0076 | −9.31% | −13.78% | −38.14% | $9.48 M | $15.09 M | $625,788.98 | |||
1032 THOR 1032THORSwap | $0.03599 | −7.27% | −13.12% | −6.43% | $9.11 M | $10.12 M | $20,363.00 | |||
1046 WET 1046HumidiFi | $0.05236 | −8.08% | 2.64% | −21.88% | $8.94 M | $51.67 M | $1.41 M | |||
1049 ROLL 1049RollX | $0.05703 | −2.39% | −7.22% | −34.59% | $8.84 M | $56.78 M | $222,614.64 | |||
1065 MCB 1065MUX Protocol | $2.23 | −0.89% | −2.62% | −7.88% | $8.52 M | $10.71 M | $457.19 | |||
1076 GNS 1076Gains Network | $0.356 | −7.18% | −9.90% | −16.49% | $8.38 M | $8.35 M | $273,314.90 | |||
1085 BAL 1085Balancer | $0.1171 | −6.21% | −3.70% | −13.82% | $8.17 M | $8.47 M | $259,336.00 | |||
1104 INX 1104Infinex | $0.003964 | −11.12% | −9.56% | −31.78% | $7.91 M | $39.45 M | $399,221.03 | |||
1124 ANY 1124Anyswap | $0.5743 | −4.28% | −1.67% | −14.07% | $7.57 M | $57.43 M | $2.15 | |||
1137 DRIFT 1137Drift Protocol | $0.01203 | −7.36% | −5.94% | −40.74% | $7.36 M | $12.03 M | $1.14 M | |||
1159 QUICK 1159Quickswap [OLD] | $10.81 | −4.61% | 1.41% | −82.57% | $7.19 M | $9.56 M | $10,340.38 | |||
1166 SODA 1166SODAX | $0.006558 | −4.87% | −29.61% | −27.46% | $7.08 M | $9.83 M | $22,745.00 | |||
1203 SDEX 1203SmarDex | $0.0006782 | 1.20% | 37.37% | 59.29% | $6.66 M | $6.78 M | $23,546.06 | |||
1214 DIME 1214Paradex | $0.03603 | −10.12% | −11.60% | −21.57% | $6.52 M | $36.03 M | $26,918.36 | |||
1215 KYO 1215Kyo | $0.03748 | 47.34% | 47.65% | 117.85% | $6.13 M | $7.97 M | $584,654.60 | |||
1250 BUBI 1250Bullbit | $0.01866 | −5.98% | −11.02% | −49.23% | $6.09 M | $74.64 M | $17.26 M | |||
1292 PNG 1292Pangolin | $0.02328 | −4.69% | −0.19% | −31.11% | $5.58 M | $5.35 M | $394,422.00 | |||
1349 KAMIRAI 1349Kamirai | $0.00001046 | −8.11% | −9.63% | −28.26% | $4.93 M | $4.92 M | $398,591.87 | |||
1352 THE 1352THENA | $0.0367 | −22.54% | −23.58% | −51.83% | $4.89 M | $10.47 M | $8.73 M | |||
1353 BLUE 1353Bluefin | $0.007794 | −5.63% | −4.05% | −22.10% | $4.91 M | $7.76 M | $2.21 M | |||
1369 MIN 1369Minswap | $0.002764 | −8.26% | −6.07% | −36.70% | $4.73 M | $6.78 M | $111,009.85 | |||
1410 HFT 1410Hashflow | $0.004675 | −2.55% | −6.41% | −32.07% | $4.42 M | $4.66 M | $512,817.60 | |||
1452 NEX 1452Nash | $0.09303 | 0.45% | 0.49% | −7.68% | $4.12 M | $4.65 M | $19.81 | |||
1547 STORM 1547Storm Trade | $0.003151 | −7.59% | 12.72% | −4.70% | $3.15 M | $3.52 M | $203,140.13 | |||
1572 HDN 1572Hydranet | $0.01814 | −6.27% | −22.29% | −33.72% | $3.41 M | $5.44 M | $36,070.00 | |||
1575 GDOT 1575GIGADOT | $0.9901 | −5.16% | −0.35% | −26.38% | $3.38 M | $3.38 M | $7,245.50 | |||
1592 DRG 1592DragonSwap | $0.01325 | −5.02% | −5.96% | −33.00% | $3.28 M | $13.25 M | $12,569.92 | |||
1625 REX 1625Etherex | $0.00882 | −7.86% | −9.99% | −22.45% | $3.09 M | $8.82 M | $93.22 | |||
1667 FT 1667Flying Tulip | $0.1118 | −4.33% | −26.31% | −29.58% | $2.86 M | $57.75 M | $6,698.51 | |||
1672 RAM 1672Ramses | $0.03293 | −6.77% | −7.70% | −11.41% | $2.84 M | $8.21 M | $1.13 M | |||
1699 DHT 1699dHEDGE DAO | $0.04996 | −0.30% | 7.06% | 9.31% | $2.72 M | $5.00 M | $77.73 | |||
1722 QUICK 1722Quickswap | $0.004074 | −8.27% | 32.41% | −61.80% | $2.63 M | $3.60 M | $60,134.04 | |||
1746 VOOI 1746VOOI | $0.007357 | 0.44% | −3.29% | −3.82% | $2.54 M | $7.36 M | $137,449.01 | |||
1765 MKL 1765Merkle Trade | $0.02466 | 0.01% | −10.35% | 11.99% | $2.47 M | $2.47 M | $1.91 | |||
1798 PERP 1798Perpetual Protocol | $0.01774 | −5.27% | −11.35% | −16.97% | $2.34 M | $2.66 M | $18,562.92 | |||
1809 EXCC 1809ExchangeCoin | $0.07416 | −7.66% | −11.51% | −18.71% | $2.30 M | $2.37 M | $157,529.00 | |||
1817 KIT 1817DexKit | $0.225 | −6.70% | −0.26% | −16.66% | $2.25 M | $2.25 M | $1,562.62 | |||
1825 XSUSHI 1825xSUSHI | $0.2856 | −6.62% | −4.48% | −29.02% | $2.23 M | $17.44 M | $2,780.43 | |||
1870 LAYER 1870UniLayer | $0.0529 | −9.52% | −12.25% | −33.42% | $2.12 M | $2.09 M | $784.69 |
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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.