DEX
1.29%
−0.01%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
9 HYPE 9Hyperliquid | $80.21 | −2.43% | −5.01% | 2.83% | $20.37 B | $76.16 B | $206.86 M | |||
23 UNI 23Uniswap | $7.31 | −1.45% | 0.56% | 13.65% | $4.57 B | $6.49 B | $209.83 M | |||
41 PUMP 41Pump.fun | $0.004622 | 2.49% | −14.36% | 29.04% | $2.14 B | $3.85 B | $130.26 M | |||
44 ASTER 44Aster | $0.7068 | 0.64% | 1.34% | 1.90% | $1.91 B | $5.52 B | $75.42 M | |||
64 JUP 64Jupiter | $0.3063 | −1.73% | −17.89% | 43.91% | $1.02 B | $2.10 B | $52.99 M | |||
75 LIT 75Lighter | $3.18 | 5.08% | −11.18% | −29.57% | $796.65 M | $3.20 B | $75.69 M | |||
81 CAKE 81PancakeSwap | $2.18 | −1.15% | −0.46% | −3.96% | $694.09 M | $718.39 M | $57.30 M | |||
90 CRV 90Curve DAO | $0.3515 | −1.80% | −3.09% | 12.15% | $552.71 M | $847.35 M | $63.78 M | |||
92 RAY 92Raydium | $1.84 | 1.09% | −19.32% | 35.51% | $498.51 M | $1.03 B | $38.26 M | |||
100 PENDLE 100Pendle | $2.08 | 0.48% | −0.48% | −8.73% | $363.17 M | $588.39 M | $59.86 M | |||
121 GNO 121Gnosis | $114.64 | −0.30% | −0.89% | 2.34% | $302.59 M | $343.19 M | $401,201.77 | |||
132 FF 132Falcon Finance | $0.1073 | −4.36% | 3.05% | −19.71% | $251.13 M | $1.08 B | $5.68 M | |||
147 DRV 147Derive | $0.3808 | −7.77% | −26.10% | 74.45% | $221.21 M | $381.60 M | $14.68 M | |||
154 RUNE 154THORChain | $0.643 | −0.48% | −7.37% | 31.89% | $211.25 M | $227.34 M | $31.63 M | |||
158 MET 158Meteora | $0.367 | −2.99% | −9.38% | 85.57% | $204.97 M | $365.87 M | $6.45 M | |||
163 FLUID 163Fluid | $2.30 | −0.58% | 11.66% | 115.60% | $193.01 M | $230.60 M | $3.31 M | |||
193 1INCH 1931INCH | $0.0938 | −1.42% | −3.79% | 6.81% | $133.71 M | $140.27 M | $5.91 M | |||
214 ORCA 214Orca | $1.89 | −5.00% | −15.11% | 46.92% | $115.21 M | $142.50 M | $9.85 M | |||
225 EDGE 225edgeX | $0.3031 | −3.76% | −15.86% | −49.52% | $106.09 M | $302.60 M | $661,378.14 | |||
226 DYDX 226dYdX | $0.1238 | 1.05% | −10.20% | 17.93% | $104.82 M | $119.12 M | $6.48 M | |||
232 GENIUS 232Genius | $0.3045 | 1.49% | −10.67% | 1.48% | $102.12 M | $290.10 M | $2.86 M | |||
246 ZRX 2460x Protocol | $0.112 | −2.28% | −9.64% | 5.21% | $95.02 M | $111.80 M | $2.98 M | |||
282 SNX 282Synthetix | $0.2255 | −1.41% | −6.11% | 11.70% | $77.69 M | $130.76 M | $4.86 M | |||
284 COW 284CoW Protocol | $0.1329 | −1.69% | −8.19% | 2.23% | $76.38 M | $132.70 M | $1.79 M | |||
292 O 292o1.exchange | $0.4584 | 0.15% | 2.22% | −13.36% | $73.36 M | $458.90 M | $1.35 M | |||
321 SUSHI 321SushiSwap | $0.227 | −1.46% | −2.32% | 7.35% | $65.11 M | $66.00 M | $5.09 M | |||
399 MAGMA 399Magma Finance | $0.2413 | 4.34% | 16.78% | −3.32% | $45.86 M | $241.20 M | $1.76 M | |||
429 AVNT 429Veranta (formerly Avantis) | $0.1166 | −0.96% | −14.78% | 21.56% | $41.45 M | $116.60 M | $4.29 M | |||
439 VVS 439VVS Finance | $0.0₅93 | −0.36% | −6.40% | 1.06% | $40.50 M | $88.45 M | $73,287.00 | |||
470 STON 470STON | $0.5244 | −0.72% | −7.79% | 14.56% | $36.95 M | $52.44 M | $7,663.15 | |||
491 VELO 491Velodrome Finance | $0.0385 | −5.16% | 9.98% | 70.86% | $35.24 M | $101.95 M | $11.15 M | |||
509 RTX 509RateX | $0.6929 | 25.03% | 3.40% | −1.55% | $11.54 M | $69.29 M | $5,395.49 | |||
520 MP 520MerlinSwap | $0.00006962 | −1.11% | −30.27% | −41.49% | $219,303.00 | $1.46 M | $62.38 | |||
532 MNGO 532Mango | $0.03037 | −6.03% | −5.79% | −5.12% | $33.94 M | $33.94 M | $1,079.29 | |||
561 OSMO 561Osmosis | $0.042 | −4.98% | 20.62% | 29.85% | $31.44 M | $40.40 M | $3.06 M | |||
562 BNT 562Bancor Network | $0.3113 | −1.49% | −3.67% | 3.48% | $31.59 M | $31.54 M | $1.11 M | |||
591 MMT 591Momentum | $0.1457 | 1.42% | −19.30% | 16.96% | $29.74 M | $146.00 M | $4.06 M | |||
597 RHEA 597RHEA | $0.07148 | −6.95% | 2.65% | 363.76% | $29.46 M | $71.24 M | $968,416.78 | |||
615 FRAX 615Frax (prev. FXS) | $0.2985 | −0.40% | −1.65% | 16.95% | $27.95 M | $29.71 M | $451,144.95 | |||
619 ARKM 619Arkham | $0.1235 | −0.96% | −2.84% | 28.18% | $27.80 M | $123.30 M | $2.80 M | |||
640 KNC 640Kyber Network Crystal | $0.1248 | −2.39% | −9.71% | −4.59% | $26.12 M | $30.08 M | $848,350.38 | |||
645 FLIP 645Chainflip | $0.2945 | 1.75% | −1.13% | −16.65% | $25.90 M | $25.75 M | $22,496.51 | |||
668 GRVT 668GRVT | $0.2187 | −5.80% | −3.38% | 30.75% | $25.00 M | $218.00 M | $1.69 M | |||
693 LON 693Tokenlon | $0.1886 | −0.54% | −1.40% | −0.51% | $23.29 M | $26.49 M | $3,861.15 | |||
699 CETUS 699Cetus Protocol | $0.02385 | −1.86% | −10.27% | 19.52% | $23.02 M | $23.80 M | $1.31 M | |||
711 AEVO 711Aevo | $0.0237 | −0.77% | −11.91% | 13.89% | $22.11 M | $23.66 M | $2.94 M | |||
721 OPAL 721Opal | $0.1077 | −0.53% | 1.66% | 9.24% | $21.54 M | $107.70 M | $4,409.17 | |||
735 DODO 735DODO | $0.02093 | −1.72% | 13.02% | 19.25% | $20.93 M | $20.90 M | $2.80 M | |||
878 JOE 878JOE | $0.0338 | −1.39% | −13.04% | 24.02% | $15.45 M | $15.69 M | $4.07 M | |||
882 F 882SynFutures | $0.00301 | −1.27% | −5.85% | −2.96% | $15.28 M | $30.06 M | $926,344.00 | |||
898 EKUBO 898Ekubo | $1.48 | −14.45% | 12.12% | 196.63% | $14.80 M | $14.80 M | $80,237.00 | |||
899 FUL 899Fulcrom | $0.0008831 | 0.48% | −7.45% | −5.61% | $14.75 M | $17.66 M | $2,199.72 | |||
918 PEAR 918Pear Protocol | $0.02778 | −4.27% | −5.37% | 56.80% | $14.28 M | $23.67 M | $8,186.43 | |||
924 MYX 924MYX Finance | $0.06036 | −0.04% | −8.36% | 6.82% | $14.20 M | $60.30 M | $4.60 M | |||
928 AQUA 928Aquarius | $0.0003156 | −1.13% | −5.43% | −7.47% | $14.08 M | $31.55 M | $372,681.00 | |||
964 BASED 964Based | $0.0555 | 25.63% | −15.95% | −8.00% | $13.04 M | $55.53 M | $8.82 M | |||
967 H2O 967H2O | $5.54 | −0.72% | −3.14% | 2.03% | $12.99 M | $12.99 M | $748,775.00 | |||
973 CHEX 973Chintai | $0.010303 | −6.54% | −26.21% | 6.29% | $12.87 M | $12.94 M | $172,272.45 | |||
984 LRC 984Loopring | $0.009207 | −1.28% | −10.05% | 3.97% | $12.60 M | $12.62 M | $1.12 M | |||
993 CLO 993Yei Finance | $0.04818 | −3.15% | −21.53% | −31.41% | $12.43 M | $12.17 M | $1.48 M | |||
1002 MAV 1002Maverick Protocol | $0.01032 | 0.61% | −10.36% | 4.35% | $12.10 M | $20.76 M | $548,056.13 | |||
1021 ROLL 1021RollX | $0.07687 | 2.96% | −8.60% | −30.56% | $11.91 M | $76.14 M | $143,482.19 | |||
1051 EPS 1051Ellipsis [OLD] | $0.01545 | −1.45% | −3.21% | −3.22% | $11.18 M | $11.18 M | $285.20 | |||
1055 DOLO 1055Dolomite | $0.02529 | −0.46% | −10.02% | 8.45% | $11.17 M | $25.18 M | $3.42 M | |||
1072 GNS 1072Gains Network | $0.453 | −12.56% | 14.53% | 10.73% | $10.60 M | $10.53 M | $1.15 M | |||
1107 SODA 1107SODAX | $0.009218 | −5.73% | 1.78% | −1.89% | $9.95 M | $13.82 M | $18,182.02 | |||
1110 DRIFT 1110Drift Protocol | $0.01615 | 1.04% | −11.63% | 39.03% | $9.88 M | $16.15 M | $1.07 M | |||
1117 DIME 1117Paradex | $0.05228 | −2.52% | −11.60% | 329.97% | $9.73 M | $52.28 M | $23,317.41 | |||
1156 WET 1156HumidiFi | $0.05329 | −1.74% | −12.46% | −5.87% | $9.10 M | $53.28 M | $559,953.07 | |||
1180 MCB 1180MUX Protocol | $2.29 | 0.44% | −2.97% | −2.55% | $8.75 M | $11.00 M | $25.05 | |||
1188 INX 1188Infinex | $0.004392 | 2.86% | −8.84% | −22.04% | $8.76 M | $43.47 M | $350,234.22 | |||
1196 BAL 1196Balancer | $0.1227 | −1.17% | −4.02% | 10.16% | $8.56 M | $8.88 M | $447,898.00 | |||
1231 THOR 1231THORSwap | $0.03198 | −1.70% | −12.42% | −4.37% | $8.10 M | $8.99 M | $71.72 | |||
1234 ANY 1234Anyswap | $0.6095 | −1.08% | −2.74% | −0.29% | $8.04 M | $60.95 M | $7.91 | |||
1257 BUBI 1257Bullbit | $0.02745 | −1.65% | −9.13% | −39.40% | $7.79 M | $109.80 M | $13.87 M | |||
1272 THE 1272THENA | $0.0569 | −0.30% | −15.67% | −13.08% | $7.58 M | $16.17 M | $3.45 M | |||
1274 QUICK 1274Quickswap [OLD] | $11.38 | −2.90% | −9.83% | 17.13% | $7.57 M | $10.16 M | $1,984.73 | |||
1317 PNG 1317Pangolin | $0.02901 | −2.40% | −9.57% | 23.60% | $6.93 M | $6.67 M | $443,204.00 | |||
1345 MIN 1345Minswap | $0.003781 | 0.45% | 1.32% | 17.88% | $6.48 M | $9.27 M | $79,580.49 | |||
1400 HFT 1400Hashflow | $0.006203 | −0.36% | −7.92% | 10.16% | $5.82 M | $6.19 M | $1.17 M | |||
1401 BLUE 1401Bluefin | $0.009667 | −0.18% | 6.52% | 11.38% | $5.84 M | $9.60 M | $1.69 M | |||
1453 KYO 1453Kyo | $0.03235 | −1.77% | 87.51% | 93.75% | $5.29 M | $6.47 M | $15,854.29 | |||
1490 PROLOGUE 1490Prologue | $0.004666 | −2.13% | 1.89% | −30.79% | $4.67 M | $5.02 M | $683,838.09 | |||
1515 HDN 1515Hydranet | $0.02564 | 1.37% | −15.79% | −28.70% | $4.82 M | $7.69 M | $40,526.00 | |||
1537 NEX 1537Nash | $0.1044 | 0.96% | 17.10% | −16.94% | $4.62 M | $5.22 M | $56.03 | |||
1560 DRG 1560DragonSwap | $0.01809 | 3.61% | −7.28% | 125.00% | $4.48 M | $18.09 M | $20,102.03 | |||
1578 GDOT 1578GIGADOT | $1.26 | 0.00% | −5.97% | 15.92% | $4.38 M | $4.38 M | $4,292.61 | |||
1585 SDEX 1585SmarDex | $0.000437 | −0.53% | 4.70% | 3.08% | $4.29 M | $4.37 M | $6,528.75 | |||
1608 REX 1608Etherex | $0.01201 | −3.22% | 22.74% | 11.08% | $4.20 M | $12.01 M | $776.57 | |||
1611 RAM 1611Ramses | $0.05082 | −10.19% | 74.99% | −13.50% | $4.17 M | $12.42 M | $1.26 M | |||
1612 RION 1612Hyperion | $0.09931 | 0.51% | −19.89% | −38.68% | $4.17 M | $9.92 M | $110,863.78 | |||
1616 QUICK 1616Quickswap | $0.00636 | −22.30% | −40.56% | −28.45% | $4.17 M | $5.65 M | $821,211.02 | |||
1707 FT 1707Flying Tulip | $0.1422 | −1.61% | −5.19% | 44.10% | $3.60 M | $73.53 M | $11,881.03 | |||
1753 ALOT 1753Dexalot | $0.05108 | 8.66% | 28.74% | 269.59% | $3.30 M | $5.11 M | $6,401.94 | |||
1782 ODOS 1782ODOS | $0.0008308 | 0.87% | −0.00% | 10.01% | $3.13 M | $8.31 M | $632,307.00 | |||
1804 STORM 1804Storm Trade | $0.002845 | −0.78% | −18.20% | −12.05% | $2.85 M | $3.03 M | $199,874.59 | |||
1816 ALEX 1816ALEX Lab | $0.004925 | −7.63% | −7.97% | 57.07% | $2.99 M | $2.98 M | $68,839.18 | |||
1859 XSUSHI 1859xSUSHI | $0.356 | −1.56% | −2.33% | 7.88% | $2.78 M | $21.74 M | $1,179.02 | |||
1862 MKL 1862Merkle Trade | $0.02771 | −0.05% | 25.91% | −27.88% | $2.77 M | $2.77 M | $2.05 | |||
1877 LAYER 1877UniLayer | $0.0679 | 1.25% | −5.96% | 1.80% | $2.72 M | $2.72 M | $5,578.85 |
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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.