The decentralized exchange (DEX) market experienced a strong week, with total trading volume reaching $80.65 billion, marking a 6.7% increase from the previous week. This growth underscores the rising influence of decentralized trading platforms in the evolving crypto landscape, highlighting a shift toward DeFi solutions over centralized exchanges (CEX).
Top DEXs by Weekly Trading Volume
According to Phoenix Group data, DEX platforms now account for 19.46% of total market dominance, reflecting significant investor migration and liquidity movement.
Uniswap Maintains Leadership
Uniswap remains the top DEX, posting a 7-day trading volume of $24.12 billion and a Total Value Locked (TVL) of $2.15 billion. Its leading position is supported by a wide range of tradable assets, robust automated market makers (AMM), and a loyal user base that values self-custody of funds.
PancakeSwap Performs Strongly on BNB Chain
Following closely, PancakeSwap recorded a weekly trading volume of $20.35 billion and the highest TVL among top DEXs at $2.90 billion. Built on the BNB Chain, PancakeSwap continues to attract users with low fees, yield farming opportunities, and a thriving token ecosystem. Its large liquidity pools and engaged community reinforce its status as a key player in Binance’s decentralized ecosystem.
Emerging DEXs Show Rapid Growth
Meteor secured third place with $5.84 billion in weekly volume and $761.34 million TVL, while Raydium and Curve followed with $4.82 billion and $4.42 billion, respectively. Raydium leverages Solana’s scalability and growing DeFi adoption, whereas Curve remains a reliable protocol for stablecoin swaps with minimal slippage.
Orca, Aerodrome, and Hyperliquid Expand Market Diversity
Other notable DEXs include Orca ($3.88 billion volume, $402.07M TVL), Aerodrome ($3.84 billion, $457.3M TVL), and Hyperliquid ($2.33 billion, $199.15M TVL). Their activity highlights the increasing diversity of decentralized trading across different blockchain ecosystems, contributing to liquidity and offering competitive yield opportunities for users.
Aster Shows Promising Growth
Rounding out the top DEXs, Aster reported $1.53 billion in weekly trading volume and a TVL of $58.62 million. Though smaller than its peers, Aster’s steady growth reflects rising user engagement and network development.
Outlook for the DEX Market
The 6.7% weekly increase in trading activity indicates growing confidence in decentralized finance as markets recover. With DEXs holding nearly 20% of market dominance, the trend toward non-custodial, transparent platforms is accelerating.
As liquidity expands and transaction volumes continue to rise, the DEX sector is poised for further growth. Innovations in layer-2 solutions, interoperability protocols, and yield optimization are expected to sustain strong performance in the weeks ahead.
