DEX
1.37%
0.01%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
9 HYPE 9Hyperliquid | $87.13 | 2.31% | −6.39% | 9.72% | $22.15 B | $82.85 B | $546.04 M | |||
24 UNI 24Uniswap | $7.63 | 1.11% | −15.37% | 19.69% | $4.77 B | $6.77 B | $203.45 M | |||
38 PUMP 38Pump.fun | $0.005742 | 3.50% | −9.51% | 59.31% | $2.66 B | $4.76 B | $150.81 M | |||
46 ASTER 46Aster | $0.7091 | −0.34% | −2.39% | 3.03% | $1.92 B | $5.53 B | $84.15 M | |||
60 JUP 60Jupiter | $0.358 | −0.59% | 7.29% | 45.07% | $1.19 B | $2.46 B | $66.57 M | |||
71 LIT 71Lighter | $3.83 | 7.11% | 0.08% | −13.06% | $958.50 M | $3.83 B | $38.24 M | |||
80 CAKE 80PancakeSwap | $2.38 | 5.31% | −4.80% | 6.25% | $756.72 M | $784.30 M | $73.48 M | |||
88 RAY 88Raydium | $2.37 | 2.41% | 16.51% | 49.70% | $642.01 M | $1.32 B | $27.99 M | |||
92 CRV 92Curve DAO | $0.3677 | 1.12% | −2.96% | 9.49% | $577.99 M | $891.77 M | $75.72 M | |||
110 PENDLE 110Pendle | $2.19 | 1.39% | −10.98% | 2.03% | $380.68 M | $616.55 M | $44.77 M | |||
124 GNO 124Gnosis | $115.51 | 0.48% | −4.22% | −1.79% | $304.89 M | $346.52 M | $598,078.66 | |||
133 DRV 133Derive | $0.4656 | −6.56% | 13.61% | 211.85% | $270.47 M | $465.60 M | $15.30 M | |||
136 FF 136Falcon Finance | $0.1135 | 2.68% | −2.10% | −23.95% | $265.59 M | $1.14 B | $14.63 M | |||
148 RUNE 148THORChain | $0.6914 | 0.88% | −11.32% | 36.27% | $227.17 M | $244.69 M | $83.68 M | |||
152 MET 152Meteora | $0.3955 | −5.83% | 34.21% | 66.35% | $220.76 M | $394.60 M | $133.26 M | |||
169 FLUID 169Fluid | $2.19 | 4.88% | 20.54% | 86.98% | $183.97 M | $219.80 M | $3.60 M | |||
198 1INCH 1981INCH | $0.09898 | 1.95% | −6.20% | 8.40% | $140.70 M | $148.47 M | $5.88 M | |||
201 ORCA 201Orca | $2.27 | −3.53% | 14.55% | 56.69% | $138.26 M | $170.55 M | $10.20 M | |||
215 EDGE 215edgeX | $0.3637 | 3.74% | −20.10% | −38.99% | $127.30 M | $363.70 M | $787,840.22 | |||
225 DYDX 225dYdX | $0.1414 | 2.71% | −3.98% | 23.04% | $119.64 M | $135.51 M | $6.00 M | |||
230 GENIUS 230Genius | $0.3383 | −0.20% | 3.29% | 12.33% | $113.46 M | $322.73 M | $878,403.41 | |||
236 ZRX 2360x Protocol | $0.1246 | −1.98% | −2.12% | 17.89% | $105.71 M | $124.60 M | $3.28 M | |||
270 COW 270CoW Protocol | $0.15 | 1.39% | −5.50% | 10.11% | $86.38 M | $150.00 M | $1.95 M | |||
274 SNX 274Synthetix | $0.2486 | 3.77% | −1.28% | 2.56% | $85.65 M | $144.54 M | $6.75 M | |||
290 O 290o1.exchange | $0.4821 | 0.39% | −5.87% | −11.80% | $77.14 M | $482.10 M | $1.48 M | |||
313 SUSHI 313SushiSwap | $0.2436 | 3.06% | −4.70% | 10.44% | $69.87 M | $71.01 M | $4.46 M | |||
404 AVNT 404Veranta (formerly Avantis) | $0.1372 | −1.39% | 5.19% | 36.07% | $48.71 M | $137.20 M | $6.95 M | |||
442 VVS 442VVS Finance | $0.000001 | 4.11% | −9.82% | 4.97% | $43.55 M | $95.11 M | $54,381.00 | |||
461 DIME 461Paradex | $0.06245 | −24.69% | 36.35% | 363.50% | $41.77 M | $62.45 M | $249,779.11 | |||
466 MAGMA 466Magma Finance | $0.2175 | −4.40% | 2.24% | −15.75% | $41.33 M | $217.50 M | $1.12 M | |||
480 STON 480STON | $0.5544 | −1.86% | −8.12% | 19.83% | $39.06 M | $55.44 M | $13,299.92 | |||
508 RTX 508RateX | $0.676 | −0.28% | −3.72% | −3.88% | $11.26 M | $67.60 M | $12,611.35 | |||
520 MP 520MerlinSwap | $0.00007697 | −12.77% | −54.01% | −36.42% | $242,455.50 | $1.62 M | $162.46 | |||
526 EROWAN 526Sifchain | $0.0₅67 | −4.16% | −4.16% | 2.90% | $20,310.59 | $20,341.84 | $5.64 | |||
534 VELO 534Velodrome Finance | $0.03997 | −5.99% | 6.95% | 60.62% | $36.58 M | $105.52 M | $4.79 M | |||
542 MNGO 542Mango | $0.0323 | 1.17% | −3.14% | 0.95% | $36.09 M | $36.09 M | $435.97 | |||
550 MMT 550Momentum | $0.1737 | −1.81% | −7.84% | 13.66% | $35.45 M | $173.70 M | $1.66 M | |||
555 RHEA 555RHEA | $0.08466 | 3.86% | 4.38% | 482.98% | $34.88 M | $84.59 M | $2.32 M | |||
575 BNT 575Bancor Network | $0.3291 | 2.01% | −4.99% | 5.22% | $33.40 M | $33.40 M | $1.65 M | |||
580 FRAX 580Frax (prev. FXS) | $0.3528 | 5.55% | 17.76% | 26.53% | $33.03 M | $35.17 M | $1.35 M | |||
597 ARKM 597Arkham | $0.1396 | 6.56% | 3.85% | 37.91% | $31.42 M | $139.60 M | $5.79 M | |||
633 OSMO 633Osmosis | $0.03657 | 4.34% | 1.62% | 7.86% | $28.96 M | $34.98 M | $1.59 M | |||
640 KNC 640Kyber Network Crystal | $0.1363 | −0.11% | −3.75% | 3.68% | $28.53 M | $32.86 M | $1.11 M | |||
658 GRVT 658GRVT | $0.234 | 2.07% | 6.07% | 33.08% | $26.75 M | $234.00 M | $1.18 M | |||
662 FLIP 662Chainflip | $0.3026 | 1.82% | 0.13% | −18.14% | $26.66 M | $26.66 M | $2,622.55 | |||
684 CETUS 684Cetus Protocol | $0.02617 | −1.74% | −8.31% | 21.20% | $25.26 M | $26.17 M | $1.44 M | |||
699 AEVO 699Aevo | $0.0264 | 0.60% | 0.13% | 20.37% | $24.62 M | $26.40 M | $1.98 M | |||
711 LON 711Tokenlon | $0.1912 | −0.69% | −4.02% | −0.66% | $23.61 M | $26.85 M | $5,053.79 | |||
730 OPAL 730Opal | $0.1115 | 4.46% | −4.37% | 0.21% | $22.30 M | $111.50 M | $10,012.38 | |||
809 DODO 809DODO | $0.01893 | 2.04% | 0.31% | 5.29% | $18.93 M | $18.93 M | $4.67 M | |||
836 JOE 836JOE | $0.03926 | 2.46% | −2.77% | 30.57% | $17.95 M | $18.24 M | $4.71 M | |||
868 CHEX 868Chintai | $0.01359 | 5.77% | −26.52% | 39.25% | $16.97 M | $16.97 M | $158,840.69 | |||
880 F 880SynFutures | $0.003287 | 1.25% | −4.43% | −0.22% | $16.68 M | $32.87 M | $1.27 M | |||
892 FUL 892Fulcrom | $0.0009734 | 2.87% | −14.00% | −13.87% | $16.26 M | $19.47 M | $2,658.05 | |||
896 CLO 896Yei Finance | $0.06272 | 2.14% | 2.50% | −29.08% | $16.18 M | $15.90 M | $1.38 M | |||
905 EKUBO 905Ekubo | $1.59 | −21.76% | 71.56% | 339.16% | $15.90 M | $15.90 M | $494,285.00 | |||
909 MYX 909MYX Finance | $0.06685 | −0.81% | −7.94% | 8.48% | $15.72 M | $66.85 M | $4.18 M | |||
919 AQUA 919Aquarius | $0.0003447 | 2.72% | −6.87% | 1.80% | $15.38 M | $34.46 M | $405,028.00 | |||
938 BASED 938Based | $0.06352 | −6.33% | 1.71% | −1.49% | $14.93 M | $63.52 M | $5.19 M | |||
947 PEAR 947Pear Protocol | $0.0284 | −3.58% | −19.32% | 94.20% | $14.59 M | $24.20 M | $26,409.00 | |||
966 LRC 966Loopring | $0.01023 | 1.10% | −5.07% | 10.87% | $14.00 M | $14.05 M | $2.15 M | |||
972 MAV 972Maverick Protocol | $0.01168 | −3.23% | 1.24% | 12.01% | $13.70 M | $23.36 M | $1.03 M | |||
987 H2O 987H2O | $5.78 | 0.52% | −3.35% | 3.21% | $13.43 M | $13.43 M | $404,862.00 | |||
1020 SODA 1020SODAX | $0.01176 | 17.50% | 9.99% | −21.97% | $12.69 M | $17.63 M | $26,514.00 | |||
1041 ROLL 1041RollX | $0.0789 | −0.90% | −8.86% | −32.56% | $12.23 M | $78.90 M | $64,489.08 | |||
1048 DOLO 1048Dolomite | $0.02727 | −1.93% | −12.10% | 10.67% | $12.04 M | $27.23 M | $3.44 M | |||
1064 EPS 1064Ellipsis [OLD] | $0.01609 | 0.38% | −7.52% | −1.47% | $11.64 M | $11.64 M | $4.96 | |||
1094 DRIFT 1094Drift Protocol | $0.01801 | −3.44% | −10.16% | 54.23% | $11.01 M | $18.01 M | $927,441.58 | |||
1139 WET 1139HumidiFi | $0.059 | −1.45% | −11.30% | −5.55% | $10.07 M | $59.00 M | $364,788.51 | |||
1159 INX 1159Infinex | $0.004912 | 0.22% | −17.73% | −16.08% | $9.80 M | $49.12 M | $638,518.00 | |||
1200 THOR 1200THORSwap | $0.03614 | −1.14% | −4.89% | 0.24% | $9.15 M | $10.16 M | $2,584.21 | |||
1204 BAL 1204Balancer | $0.1306 | 0.35% | −2.11% | 20.06% | $9.11 M | $9.45 M | $312,617.00 | |||
1211 MCB 1211MUX Protocol | $2.36 | 0.43% | −3.67% | −0.42% | $9.02 M | $11.34 M | $23.92 | |||
1212 THE 1212THENA | $0.06755 | −1.43% | −8.72% | 1.97% | $9.00 M | $19.22 M | $2.87 M | |||
1239 BUBI 1239Bullbit | $0.03017 | 0.68% | −18.21% | −37.03% | $8.56 M | $120.68 M | $9.74 M | |||
1241 GNS 1241Gains Network | $0.3658 | −6.92% | −13.68% | −15.02% | $8.54 M | $8.54 M | $408,682.07 | |||
1253 ANY 1253Anyswap | $0.6384 | 1.19% | −4.54% | 2.14% | $8.42 M | $63.84 M | $337.09 | |||
1260 QUICK 1260Quickswap [OLD] | $12.58 | −87.77% | −79.71% | 21.31% | $8.36 M | $11.24 M | $3,519.94 | |||
1273 PNG 1273Pangolin | $0.0342 | 4.98% | −0.27% | 44.32% | $8.16 M | $7.87 M | $558,656.00 | |||
1339 MIN 1339Minswap | $0.004096 | 2.03% | −5.33% | 18.52% | $7.02 M | $10.05 M | $94,851.24 | |||
1356 QUICK 1356Quickswap | $0.01033 | −2.60% | −2.61% | 12.75% | $6.78 M | $9.23 M | $220,620.47 | |||
1385 HFT 1385Hashflow | $0.006775 | −1.79% | −4.35% | 11.51% | $6.36 M | $6.76 M | $1.56 M | |||
1388 BLUE 1388Bluefin | $0.01046 | −22.06% | −0.93% | 9.19% | $6.31 M | $10.46 M | $5.94 M | |||
1432 PROLOGUE 1432Prologue | $0.005802 | 21.43% | 4.63% | −37.47% | $5.80 M | $5.80 M | $321,343.02 | |||
1454 HDN 1454Hydranet | $0.03004 | 1.47% | 7.98% | −15.17% | $5.65 M | $9.01 M | $40,813.00 | |||
1525 RION 1525Hyperion | $0.1221 | −1.66% | −13.95% | −25.19% | $5.08 M | $12.21 M | $87,198.72 | |||
1533 DRG 1533DragonSwap | $0.02023 | 1.40% | 0.18% | 150.06% | $5.01 M | $20.23 M | $15,365.50 | |||
1586 GDOT 1586GIGADOT | $1.36 | 0.74% | 3.03% | 21.24% | $4.56 M | $4.56 M | $10,525.61 | |||
1661 NEX 1661Nash | $0.0923 | 3.56% | −8.42% | −35.52% | $4.09 M | $4.62 M | $132.40 | |||
1668 SDEX 1668SmarDex | $0.0004135 | 0.02% | −2.71% | −10.47% | $4.06 M | $4.14 M | $6,104.30 | |||
1671 FT 1671Flying Tulip | $0.1641 | 8.62% | 1.90% | 64.11% | $4.05 M | $84.93 M | $203,735.34 | |||
1684 DARK 1684DarkSwap | $0.003921 | 2.76% | −46.01% | −49.93% | $3.92 M | $3.92 M | $2.41 M | |||
1726 REX 1726Etherex | $0.01028 | 4.29% | −9.83% | −4.08% | $3.60 M | $10.28 M | $1,504.21 | |||
1737 STORM 1737Storm Trade | $0.003538 | −0.94% | −3.55% | −3.29% | $3.54 M | $3.54 M | $164,998.72 | |||
1779 KYO 1779Kyo | $0.02023 | −1.12% | 16.11% | 21.97% | $3.31 M | $4.05 M | $17,244.92 | |||
1794 ODOS 1794ODOS | $0.000856 | 0.23% | −1.46% | 6.41% | $3.23 M | $8.56 M | $358,653.00 | |||
1800 ALEX 1800ALEX Lab | $0.005273 | −4.51% | −11.91% | 50.05% | $3.20 M | $3.20 M | $67,250.67 | |||
1834 LAYER 1834UniLayer | $0.0753 | 0.53% | −2.96% | 7.42% | $3.01 M | $3.01 M | $6,417.19 | |||
1839 XSUSHI 1839xSUSHI | $0.3837 | 2.88% | −4.99% | 9.52% | $2.99 M | $23.43 M | $1,910.92 | |||
1874 PTS 1874Piteas | $0.04109 | 3.20% | 8.16% | −20.19% | $2.88 M | $4.11 M | $290.75 |
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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.