DEX
1.08%
0.01%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
9 HYPE 9Hyperliquid | $57.68 | 0.89% | 5.47% | −7.61% | $14.57 B | $54.95 B | $50.35 M | |||
33 UNI 33Uniswap | $3.30 | 2.19% | −18.93% | −9.13% | $2.06 B | $2.95 B | $67.53 M | |||
38 ASTER 38Aster | $0.601 | 0.04% | −2.25% | −3.38% | $1.62 B | $4.69 B | $20.56 M | |||
52 PUMP 52Pump.fun | $0.002753 | −1.15% | 1.65% | 57.50% | $1.08 B | $2.31 B | $30.29 M | |||
69 LIT 69Lighter | $2.33 | 2.87% | −1.89% | −2.83% | $582.00 M | $2.33 B | $24.12 M | |||
73 JUP 73Jupiter | $0.1686 | 0.39% | −9.11% | −16.77% | $556.82 M | $1.15 B | $10.50 M | |||
78 CAKE 78PancakeSwap | $1.45 | 1.40% | −0.11% | 3.57% | $466.32 M | $484.14 M | $22.52 M | |||
83 CRV 83Curve DAO | $0.2514 | 4.85% | 5.71% | 12.92% | $387.56 M | $606.44 M | $31.95 M | |||
100 GNO 100Gnosis | $103.41 | 0.00% | −2.64% | −10.83% | $272.95 M | $310.22 M | $1.93 M | |||
119 PENDLE 119Pendle | $1.26 | −2.91% | −8.30% | −20.43% | $218.64 M | $357.54 M | $15.25 M | |||
146 RAY 146Raydium | $0.6213 | −0.13% | −3.70% | −8.27% | $167.42 M | $344.76 M | $3.80 M | |||
154 FF 154Falcon Finance | $0.06514 | −1.09% | 3.20% | −0.15% | $152.57 M | $652.00 M | $3.16 M | |||
163 RUNE 163THORChain | $0.419 | −0.40% | −4.00% | −1.23% | $141.80 M | $148.45 M | $5.43 M | |||
181 GENIUS 181Genius | $0.3704 | −1.02% | 6.92% | 10.39% | $124.09 M | $352.97 M | $7.31 M | |||
189 1INCH 1891INCH | $0.08251 | −0.00% | −2.24% | 12.20% | $116.53 M | $123.77 M | $7.92 M | |||
203 EDGE 203edgeX | $0.2864 | −5.55% | −26.50% | −31.30% | $100.27 M | $286.50 M | $873,030.63 | |||
206 FLUID 206Fluid | $1.19 | 1.21% | −2.79% | 17.51% | $99.77 M | $119.20 M | $668,606.26 | |||
216 DYDX 216dYdX | $0.1072 | −3.13% | −6.21% | −14.30% | $91.06 M | $102.83 M | $1.51 M | |||
226 MET 226Meteora | $0.162 | −0.08% | −2.14% | 5.71% | $88.24 M | $161.83 M | $1.10 M | |||
253 O 253o1.exchange | $0.4552 | 0.34% | −2.42% | −14.05% | $72.83 M | $455.20 M | $6.42 M | |||
262 COW 262CoW Protocol | $0.1228 | −12.30% | 13.71% | −16.54% | $70.69 M | $122.90 M | $45.99 M | |||
271 SNX 271Synthetix | $0.20 | −0.56% | −7.11% | −12.08% | $68.70 M | $115.93 M | $5.49 M | |||
281 ZRX 2810x Protocol | $0.07617 | −1.32% | −7.32% | −11.48% | $64.62 M | $76.17 M | $5.59 M | |||
289 CYDX 289CyberDEX | $0.1823 | 0.03% | −0.03% | 0.05% | $63.33 M | $291.68 M | $3,363.95 | |||
290 ORCA 290Orca | $1.03 | −0.77% | −3.99% | −13.75% | $62.93 M | $77.62 M | $5.52 M | |||
297 DRV 297Derive | $0.1067 | 14.74% | 9.69% | −21.07% | $61.69 M | $106.20 M | $18.45 M | |||
361 SUSHI 361SushiSwap | $0.1599 | 0.30% | −9.35% | −3.31% | $45.86 M | $46.61 M | $5.33 M | |||
448 MMT 448Momentum | $0.1782 | 0.11% | −16.69% | 2.39% | $36.12 M | $177.00 M | $5.87 M | |||
453 VVS 453VVS Finance | $0.0₅82 | −0.41% | −2.16% | −21.15% | $35.71 M | $77.99 M | $10,285.29 | |||
466 AVNT 466Avantis | $0.1019 | 0.61% | 6.62% | 9.70% | $34.53 M | $101.80 M | $5.31 M | |||
475 GRVT 475GRVT | $0.2963 | 0.71% | 4.07% | −33.55% | $33.84 M | $296.00 M | $4.22 M | |||
496 FLIP 496Chainflip | $0.3587 | −1.85% | 3.88% | 25.94% | $31.51 M | $31.80 M | $215,022.15 | |||
506 RTX 506RateX | $0.8329 | 0.26% | −6.14% | −19.06% | $13.88 M | $83.29 M | $140,479.18 | |||
525 STON 525STON | $0.4406 | 0.82% | 3.78% | −16.93% | $31.05 M | $44.06 M | $6,406.73 | |||
530 MNGO 530Mango | $0.02748 | 0.01% | 23.20% | 12.66% | $30.71 M | $30.71 M | $11.47 | |||
533 MAGMA 533Magma Finance | $0.1594 | −6.57% | −17.11% | −47.13% | $30.27 M | $159.30 M | $696,421.10 | |||
570 SODA 570SODAX | $0.01838 | −0.12% | −21.66% | −24.71% | $27.56 M | $27.56 M | $37,614.00 | |||
582 BNT 582Bancor Network | $0.2656 | −0.69% | −2.60% | −4.52% | $26.95 M | $26.95 M | $1.12 M | |||
584 FRAX 584Frax (prev. FXS) | $0.2866 | −0.83% | −11.56% | 9.91% | $26.83 M | $28.57 M | $215,450.15 | |||
629 OSMO 629Osmosis | $0.03018 | −0.68% | −1.04% | −9.93% | $23.69 M | $29.43 M | $1.95 M | |||
666 ROLL 666RollX | $0.1396 | 1.48% | −1.69% | 134.49% | $21.65 M | $139.70 M | $118,020.76 | |||
670 DODO 670DODO | $0.0215 | 4.47% | 5.98% | 1.95% | $21.53 M | $21.53 M | $5.53 M | |||
682 KNC 682Kyber Network Crystal | $0.1007 | 0.26% | −5.79% | −8.11% | $21.07 M | $24.27 M | $3.25 M | |||
686 LON 686Tokenlon | $0.1696 | 0.27% | −0.40% | −2.87% | $20.94 M | $23.82 M | $974.98 | |||
693 CETUS 693Cetus Protocol | $0.02153 | 2.88% | 13.75% | 16.92% | $20.69 M | $21.53 M | $4.68 M | |||
696 ARKM 696Arkham | $0.0905 | −1.34% | −8.31% | −18.01% | $20.40 M | $90.63 M | $2.15 M | |||
737 AEVO 737Aevo | $0.01995 | −0.13% | −3.97% | 5.92% | $18.57 M | $19.91 M | $6.76 M | |||
739 BASED 739Based | $0.07899 | −2.39% | 4.94% | −14.36% | $18.56 M | $78.99 M | $16.31 M | |||
777 MYX 777MYX Finance | $0.0736 | 0.82% | −3.87% | −4.79% | $17.26 M | $73.37 M | $6.99 M | |||
815 INX 815Infinex | $0.008046 | −4.01% | −5.51% | 18.17% | $16.02 M | $80.32 M | $561,018.72 | |||
834 VELO 834Velodrome Finance | $0.01685 | −0.18% | −4.61% | −17.97% | $15.42 M | $43.39 M | $1.28 M | |||
848 FUL 848Fulcrom | $0.000906 | 0.87% | −4.79% | −11.16% | $15.14 M | $18.12 M | $2,303.62 | |||
853 CLO 853Yei Finance | $0.1162 | −0.09% | −8.46% | −37.81% | $14.94 M | $115.70 M | $1.28 M | |||
873 AQUA 873Aquarius | $0.0003207 | 0.26% | −3.31% | −13.35% | $14.09 M | $32.06 M | $44,195.00 | |||
920 F 920SynFutures | $0.0028 | 2.30% | −4.14% | −16.50% | $13.06 M | $27.89 M | $2.33 M | |||
929 JOE 929JOE | $0.0281 | −1.88% | −4.41% | 2.44% | $12.85 M | $13.05 M | $4.30 M | |||
950 WET 950HumidiFi | $0.07157 | −0.72% | 2.76% | 5.88% | $12.21 M | $71.49 M | $463,416.07 | |||
959 GNS 959Gains Network | $0.508 | −3.32% | −3.83% | −18.55% | $11.85 M | $11.85 M | $325,282.05 | |||
961 LRC 961Loopring | $0.00866 | −1.71% | −13.17% | −33.03% | $11.82 M | $11.87 M | $3.03 M | |||
979 H2O 979H2O | $5.09 | −0.20% | −1.74% | −2.49% | $11.42 M | $11.42 M | $265,128.00 | |||
995 MAV 995Maverick Protocol | $0.00937 | 1.70% | −3.49% | 2.24% | $10.98 M | $18.73 M | $1.08 M | |||
996 DOLO 996Dolomite | $0.02463 | 20.48% | −0.40% | 10.63% | $10.94 M | $24.74 M | $20.99 M | |||
1026 CHEX 1026Chintai | $0.008234 | −3.78% | −21.44% | −23.64% | $10.28 M | $10.28 M | $162,580.41 | |||
1031 THOR 1031THORSwap | $0.04004 | 0.04% | −4.61% | 10.31% | $10.16 M | $11.26 M | $131.00 | |||
1048 EPS 1048Ellipsis [OLD] | $0.01355 | −0.91% | −0.07% | 5.11% | $9.81 M | $9.81 M | $17.52 | |||
1127 CET 1127CoinEx Token | $0.01221 | 0.86% | 6.93% | −5.30% | $8.65 M | $33.91 M | $24,135.00 | |||
1143 THE 1143THENA | $0.0617 | −0.39% | −12.31% | 10.74% | $8.23 M | $17.57 M | $1.63 M | |||
1170 MCB 1170MUX Protocol | $2.06 | −0.96% | −2.37% | 10.75% | $7.87 M | $9.89 M | $762.61 | |||
1187 DIME 1187Paradex | $0.01127 | 1.88% | 2.36% | −17.52% | $7.53 M | $11.27 M | $144.29 | |||
1197 BAL 1197Balancer | $0.1058 | 0.79% | −2.19% | 9.11% | $7.45 M | $7.73 M | $85,916.12 | |||
1208 DRIFT 1208Drift Protocol | $0.01185 | 4.23% | −14.13% | −12.08% | $7.25 M | $11.85 M | $1.16 M | |||
1213 HFT 1213Hashflow | $0.007918 | 14.14% | −21.85% | −7.12% | $7.19 M | $7.81 M | $8.29 M | |||
1226 PEAR 1226Pear Protocol | $0.01464 | 1.55% | 2.74% | −15.02% | $7.09 M | $12.48 M | $1,398.80 | |||
1244 ANY 1244Anyswap | $0.5148 | −0.95% | −0.46% | 3.43% | $6.79 M | $51.48 M | $6.12 | |||
1303 QUICK 1303Quickswap [OLD] | $9.03 | −0.55% | −0.99% | −6.52% | $6.00 M | $8.09 M | $3,117.45 | |||
1306 RION 1306Hyperion | $0.1636 | −0.45% | −1.05% | −0.91% | $5.97 M | $16.36 M | $56,361.02 | |||
1356 QUICK 1356Quickswap | $0.008177 | −1.49% | −0.87% | 6.50% | $5.41 M | $7.32 M | $87,468.90 | |||
1383 MIN 1383Minswap | $0.003003 | −1.03% | −7.31% | 0.35% | $5.16 M | $7.39 M | $160,736.70 | |||
1397 OPAL 1397Opal | $0.1019 | −0.38% | −4.70% | −12.74% | $5.09 M | $101.90 M | $28,401.16 | |||
1416 SDEX 1416SmarDex | $0.0005034 | −0.91% | −2.37% | −13.13% | $4.94 M | $5.03 M | $4,007.34 | |||
1442 HDN 1442Hydranet | $0.02488 | −1.08% | −4.39% | −12.32% | $4.68 M | $7.46 M | $81,515.00 | |||
1448 PNG 1448Pangolin | $0.01965 | −2.40% | −4.52% | −6.00% | $4.64 M | $4.52 M | $367,215.00 | |||
1476 MKL 1476Merkle Trade | $0.04433 | 0.48% | −0.21% | 25.08% | $4.43 M | $4.43 M | $0.06 | |||
1480 RHEA 1480RHEA | $0.011185 | 0.28% | 0.07% | −14.35% | $4.40 M | $11.18 M | $129,278.06 | |||
1484 STORM 1484Storm Trade | $0.004058 | −4.12% | −2.96% | −16.91% | $4.39 M | $4.39 M | $215,717.91 | |||
1492 NEX 1492Nash | $0.0964 | 2.57% | 4.71% | −5.85% | $4.27 M | $4.82 M | $79.53 | |||
1497 BLUE 1497Bluefin | $0.007693 | 0.77% | −8.26% | −17.20% | $4.24 M | $7.70 M | $94,800.50 | |||
1504 EKUBO 1504Ekubo | $0.4203 | 0.49% | −7.93% | −25.29% | $4.20 M | $4.20 M | $1,474.31 | |||
1658 GDOT 1658GIGADOT | $0.7644 | −0.24% | −5.48% | −10.85% | $3.19 M | $3.19 M | $5,259.65 | |||
1711 VOOI 1711VOOI | $0.008508 | 2.32% | −6.19% | 0.58% | $2.94 M | $8.52 M | $122,605.56 | |||
1751 ODOS 1751ODOS | $0.0007375 | −0.86% | −9.76% | −43.55% | $2.76 M | $7.38 M | $321,893.00 | |||
1778 KYO 1778Kyo | $0.01609 | 0.20% | 1.62% | 3.60% | $2.63 M | $3.22 M | $1.28 M | |||
1797 PTS 1797Piteas | $0.03611 | −5.12% | 9.39% | 101.69% | $2.53 M | $3.61 M | $493.25 | |||
1826 LAYER 1826UniLayer | $0.0608 | −0.16% | 0.91% | −8.02% | $2.43 M | $2.43 M | $1,885.51 | |||
1840 PERP 1840Perpetual Protocol | $0.01797 | −2.22% | −7.51% | −11.48% | $2.37 M | $2.70 M | $42,709.00 | |||
1860 EXCC 1860ExchangeCoin | $0.07337 | 0.18% | −0.17% | −3.43% | $2.27 M | $2.35 M | $41,996.00 | |||
1919 SRM 1919Serum | $0.00794 | −2.72% | 6.78% | 6.21% | $2.09 M | $8.68 M | $2,230.23 | |||
1943 FT 1943Flying Tulip | $0.09757 | 0.52% | −0.90% | 7.62% | $2.02 M | $975.70 M | $222,116.00 | |||
1960 XSUSHI 1960xSUSHI | $0.2536 | 4.43% | −8.38% | −3.37% | $1.98 M | $15.49 M | $661.88 | |||
1975 KIT 1975DexKit | $0.193 | 0.02% | −1.07% | −0.07% | $1.93 M | $1.93 M | $6.25 |
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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.