• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Decentralized Exchanges: Record Trading Volumes and Market Dominance

user avatar

by Giorgi Kostiuk

a year ago

Decentralized exchanges continue gaining popularity, reaching record trading volumes with a 13.23% increase over the past week, demonstrating the rising demand for these platforms.

Market Leaders: PancakeSwap and Uniswap

PancakeSwap leads with a trading volume of $34.13 billion and a TVL of $23.58 billion. Uniswap follows with $22.49 billion in trading volume and a TVL of $1.91 billion.

Rising Stars: Raydium, Aerodrome, and Orca

Raydium, operating on Solana, ranks third with $11.32 billion in trading volume. Aerodrome and Orca also show growth with $8.03 billion and $4.51 billion, respectively.

DEX Dominance in the Blockchain Ecosystem

The popularity of decentralized exchanges prompts users to prefer DEXs for their security and transparency. DEXs account for 61.41%, reflecting growing confidence in these platforms.

The increase in weekly trading volumes underscores the importance of decentralized exchanges, poised to redefine the financial market with high autonomy and potential in the evolving DeFi industry.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Significant Liquidation Occurrence in the Cryptocurrency Market

chest

A staggering $135 million in futures positions were liquidated in just one hour, causing significant market disruption.

user avatarJacob Williams

Bitcoin's Fixed Supply Compared to New Mineral Discoveries

chest

The recent mineral discovery in Saudi Arabia sparks a comparison with Bitcoin's fixed supply.

user avatarSon Min-ho

AI Sector Narrative Positions TAO Within a Multi-Layer Ecosystem

chest

The narrative surrounding AI-linked assets is evolving, with TAO being framed as the intelligence layer in a developing multi-layer ecosystem.

user avatarZainab Kamara

European Central Bank's Actions This Week May Affect Crypto Markets

chest

The European Central Bank's actions and communications this week will provide context for global monetary policy trends affecting crypto markets.

user avatarTando Nkube

Employment Data Releases This Week Could Influence Crypto Market Sentiment

chest

Key employment data releases this week will provide insights into the economic health and could affect crypto market sentiment.

user avatarKofi Adjeman

Speculation Surrounds Jerome Powell's Potential Resignation

chest

Speculation about Jerome Powell's potential resignation as Federal Reserve Chair has emerged, but lacks official confirmation.

user avatarNguyen Van Long

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.