DEX
1.21%
0.08%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
9 HYPE 9Hyperliquid | $72.99 | 11.90% | 17.50% | 72.50% | $18.50 B | $69.63 B | $568.32 M | |||
39 UNI 39Uniswap | $2.99 | 14.58% | 17.83% | −16.94% | $1.85 B | $2.66 B | $152.60 M | |||
41 ASTER 41Aster | $0.654 | 3.24% | 4.85% | −1.68% | $1.76 B | $5.11 B | $60.70 M | |||
73 JUP 73Jupiter | $0.2011 | 7.41% | 27.06% | −3.02% | $665.72 M | $1.38 B | $35.09 M | |||
80 PUMP 80Pump.fun | $0.001589 | −0.30% | 1.32% | −9.33% | $552.16 M | $1.36 B | $40.11 M | |||
85 CAKE 85PancakeSwap | $1.42 | 2.23% | 6.33% | −5.02% | $459.88 M | $477.45 M | $15.26 M | |||
90 LIT 90Lighter | $1.80 | 6.75% | 10.52% | 104.61% | $447.25 M | $1.79 B | $48.43 M | |||
97 CRV 97Curve DAO | $0.2481 | 5.25% | 25.48% | 2.10% | $376.40 M | $593.13 M | $38.69 M | |||
117 GNO 117Gnosis | $105.83 | −3.30% | 9.80% | −13.59% | $279.39 M | $317.54 M | $1.14 M | |||
134 PENDLE 134Pendle | $1.39 | 0.03% | 9.21% | −24.86% | $238.17 M | $392.17 M | $19.57 M | |||
160 RAY 160Raydium | $0.634 | 1.90% | 7.36% | −12.08% | $170.24 M | $351.09 M | $22.53 M | |||
161 FF 161Falcon Finance | $0.0722 | 0.98% | −12.93% | −18.61% | $169.30 M | $723.50 M | $12.31 M | |||
173 GENIUS 173Genius | $0.4402 | −3.81% | 1.54% | −4.80% | $147.63 M | $419.94 M | $7.91 M | |||
174 RUNE 174THORChain | $0.419 | 5.50% | 13.31% | −8.08% | $141.98 M | $148.63 M | $6.65 M | |||
185 FT 185Flying Tulip | $0.1041 | 0.34% | 5.69% | 13.62% | $127.70 M | $1.04 B | $236,192.00 | |||
193 EDGE 193edgeX | $0.3417 | −5.42% | −21.19% | −71.90% | $119.60 M | $341.70 M | $3.85 M | |||
209 1INCH 2091INCH | $0.0764 | 2.31% | 6.93% | −18.91% | $107.69 M | $114.45 M | $14.92 M | |||
214 DYDX 214dYdX | $0.123 | −0.20% | −8.91% | −13.94% | $103.99 M | $118.07 M | $5.86 M | |||
227 COW 227CoW Protocol | $0.1602 | 2.42% | 14.03% | −6.79% | $92.67 M | $160.20 M | $5.43 M | |||
236 FLUID 236Fluid | $1.11 | 1.80% | 0.05% | −28.96% | $87.83 M | $111.60 M | $2.15 M | |||
239 SNX 239Synthetix | $0.253 | 2.25% | 3.61% | −18.80% | $87.23 M | $87.34 M | $8.49 M | |||
263 ZRX 2630x Protocol | $0.0897 | 1.03% | 5.14% | −17.16% | $75.83 M | $89.38 M | $10.88 M | |||
276 ORCA 276Orca | $1.19 | 5.94% | 15.89% | −19.84% | $72.35 M | $89.25 M | $29.12 M | |||
277 MAGMA 277Magma Finance | $0.3823 | 14.82% | −4.88% | 82.69% | $72.33 M | $380.70 M | $5.08 M | |||
313 MET 313Meteora | $0.1189 | −0.71% | 17.28% | −20.03% | $63.07 M | $118.83 M | $9.90 M | |||
327 DRV 327Derive | $0.1008 | −0.92% | −8.93% | 25.74% | $58.55 M | $100.80 M | $163,730.00 | |||
356 SUSHI 356SushiSwap | $0.1825 | 0.81% | 9.92% | −14.97% | $52.18 M | $53.03 M | $12.18 M | |||
388 VVS 388VVS Finance | $0.00000107 | −0.82% | 0.25% | −16.08% | $47.03 M | $102.72 M | $120,757.86 | |||
462 AVNT 462Avantis | $0.114 | 2.17% | 10.86% | −18.57% | $36.88 M | $113.80 M | $7.95 M | |||
473 OSMO 473Osmosis | $0.0465 | 0.50% | 12.29% | −40.10% | $35.91 M | $45.15 M | $2.15 M | |||
501 EROWAN 501Sifchain | $0.01387 | 1558848.09% | 1819725.63% | −23.54% | $420.46 M | $421.11 M | $1.04 | |||
502 RTX 502RateX | $1.04 | 15.62% | 19.86% | −23.39% | $17.34 M | $104.10 M | $940,618.96 | |||
542 MYX 542MYX Finance | $0.1664 | −1.51% | −38.88% | −14.43% | $31.59 M | $165.60 M | $13.06 M | |||
543 ARKM 543Arkham | $0.1404 | 1.85% | 12.21% | 12.37% | $31.51 M | $140.00 M | $6.33 M | |||
545 MNGO 545Mango | $0.02808 | 3.89% | −2.02% | −12.17% | $31.38 M | $31.38 M | $10,463.67 | |||
550 BNT 550Bancor Network | $0.2835 | 2.40% | 2.07% | −15.35% | $30.58 M | $30.58 M | $590,436.31 | |||
601 MMT 601Momentum | $0.1352 | 3.53% | 27.57% | 10.48% | $27.31 M | $133.80 M | $3.51 M | |||
606 FRAX 606Frax (prev. FXS) | $0.2815 | −1.66% | −2.45% | −34.54% | $26.90 M | $28.07 M | $1.42 M | |||
633 FLIP 633Chainflip | $0.285 | 1.23% | −14.05% | 33.98% | $25.41 M | $25.64 M | $73,413.65 | |||
651 LON 651Tokenlon | $0.2035 | 0.88% | 4.48% | −17.80% | $23.77 M | $27.05 M | $18,537.30 | |||
684 STON 684STON | $0.5835 | −2.46% | 4.18% | −18.49% | $21.85 M | $58.35 M | $14,988.73 | |||
696 KNC 696Kyber Network Crystal | $0.1242 | 1.49% | 2.73% | −10.75% | $21.13 M | $29.93 M | $3.21 M | |||
743 CLO 743Yei Finance | $0.1489 | −43.72% | 12.47% | 80.45% | $19.37 M | $150.00 M | $32.05 M | |||
747 BASED 747Based | $0.08134 | 11.28% | 25.27% | 12.65% | $19.11 M | $81.34 M | $9.03 M | |||
752 LRC 752Loopring | $0.01386 | 1.10% | 5.51% | −18.51% | $18.97 M | $19.04 M | $1.50 M | |||
767 AEVO 767Aevo | $0.02006 | −0.55% | 4.34% | −27.59% | $18.33 M | $19.99 M | $4.28 M | |||
774 CHEX 774Chintai | $0.01439 | −1.83% | 3.39% | −25.10% | $18.12 M | $18.11 M | $188,860.74 | |||
775 CETUS 775Cetus Protocol | $0.01913 | −0.78% | 3.75% | −29.40% | $18.10 M | $19.10 M | $2.22 M | |||
797 F 797SynFutures | $0.00401 | 0.63% | 5.45% | −24.56% | $17.16 M | $40.03 M | $3.29 M | |||
823 DODO 823DODO | $0.01637 | 7.01% | 3.64% | −13.33% | $16.33 M | $16.33 M | $926,641.23 | |||
835 INX 835Infinex | $0.008016 | −0.21% | 14.65% | −25.45% | $15.99 M | $80.16 M | $428,965.89 | |||
840 FUL 840Fulcrom | $0.0009479 | 0.36% | 2.61% | −11.22% | $15.82 M | $18.96 M | $2,101.93 | |||
853 VELO 853Velodrome Finance | $0.01671 | 12.25% | 22.97% | 2.09% | $15.29 M | $41.84 M | $3.78 M | |||
865 AQUA 865Aquarius | $0.0004121 | 10.04% | 4.62% | 26.77% | $14.80 M | $41.20 M | $471,711.00 | |||
867 JOE 867JOE | $0.0322 | −0.34% | 4.48% | −25.35% | $14.71 M | $14.95 M | $5.24 M | |||
889 GNS 889Gains Network | $0.60 | −0.22% | 20.88% | 13.00% | $14.12 M | $14.12 M | $902,713.03 | |||
902 WET 902HumidiFi | $0.05931 | −5.38% | 6.19% | −26.73% | $13.66 M | $59.37 M | $5.71 M | |||
910 CET 910CoinEx Token | $0.01877 | 1.05% | 1.83% | −26.30% | $13.30 M | $52.13 M | $62,833.00 | |||
931 H2O 931H2O | $5.69 | 1.43% | 3.45% | −23.69% | $12.84 M | $12.84 M | $541,749.00 | |||
965 DOLO 965Dolomite | $0.02475 | −0.39% | 8.88% | −20.17% | $12.08 M | $24.70 M | $3.01 M | |||
1002 ROLL 1002RollX | $0.07245 | −6.48% | −19.99% | 222.45% | $11.23 M | $72.46 M | $119,367.66 | |||
1047 DRIFT 1047Drift Protocol | $0.01683 | 0.66% | 5.96% | −43.72% | $10.29 M | $16.83 M | $3.43 M | |||
1056 MAV 1056Maverick Protocol | $0.01098 | 1.22% | 2.58% | −23.13% | $10.15 M | $21.86 M | $726,553.93 | |||
1077 EPS 1077Ellipsis [OLD] | $0.01388 | 0.25% | 2.35% | −6.98% | $9.69 M | $10.04 M | $15.08 | |||
1102 THE 1102THENA | $0.0692 | 0.49% | 1.74% | −27.67% | $9.19 M | $19.64 M | $4.35 M | |||
1103 THOR 1103THORSwap | $0.03604 | −0.88% | 0.99% | 11.41% | $9.17 M | $10.14 M | $3,755.95 | |||
1121 HFT 1121Hashflow | $0.01064 | 3.49% | 6.17% | −24.35% | $8.86 M | $10.61 M | $2.80 M | |||
1166 MCB 1166MUX Protocol | $2.06 | −0.48% | −4.19% | 60.94% | $7.87 M | $9.89 M | $62.95 | |||
1186 HDN 1186Hydranet | $0.03701 | −4.38% | −8.90% | −7.87% | $7.57 M | $11.10 M | $81,631.00 | |||
1194 BAL 1194Balancer | $0.1074 | −1.31% | 0.68% | −26.36% | $7.48 M | $7.76 M | $114,788.98 | |||
1195 SDEX 1195SmarDex | $0.000764 | −6.52% | −32.95% | −51.17% | $7.48 M | $7.63 M | $192,821.74 | |||
1212 QUICK 1212Quickswap [OLD] | $9.55 | 0.10% | 9.63% | −8.35% | $7.25 M | $8.81 M | $11,904.32 | |||
1240 ANY 1240Anyswap | $0.533 | −0.24% | 2.13% | 23.25% | $7.03 M | $53.30 M | $8.99 | |||
1263 STORM 1263Storm Trade | $0.005797 | 8.67% | 27.53% | 31.64% | $6.77 M | $6.77 M | $125,197.97 | |||
1288 OPAL 1288Opal | $0.1299 | 3.87% | 15.44% | 138.37% | $6.49 M | $9.09 M | $48,740.07 | |||
1332 NEX 1332Nash | $0.136 | 2.23% | 17.53% | −1.12% | $6.03 M | $6.80 M | $430.11 | |||
1342 MIN 1342Minswap | $0.003413 | −2.70% | 5.19% | −27.61% | $5.91 M | $8.44 M | $76,285.03 | |||
1346 BLUE 1346Bluefin | $0.01172 | −4.23% | −0.65% | −32.66% | $5.86 M | $11.73 M | $3.25 M | |||
1378 QUICK 1378Quickswap | $0.00732 | −8.74% | −0.29% | −25.53% | $5.54 M | $6.74 M | $599,522.92 | |||
1405 PNG 1405Pangolin | $0.0231 | 0.65% | 4.03% | −26.81% | $5.41 M | $5.31 M | $533,426.00 | |||
1449 EKUBO 1449Ekubo | $0.5088 | 1.94% | 4.36% | −12.14% | $5.09 M | $5.09 M | $12,280.31 | |||
1468 GDOT 1468GIGADOT | $1.01 | 1.50% | 4.67% | −20.47% | $4.97 M | $4.97 M | $2,308.84 | |||
1584 PEAR 1584Pear Protocol | $0.01549 | 1.28% | 6.42% | 4.67% | $3.98 M | $13.20 M | $24,787.00 | |||
1668 MKL 1668Merkle Trade | $0.03453 | −1.96% | −10.51% | −30.24% | $3.45 M | $3.45 M | $15.59 | |||
1670 ZEX 1670Zeta Markets | $0.01835 | 68.60% | 17.79% | −39.77% | $3.44 M | $18.33 M | $156,772.32 | |||
1749 RHEA 1749RHEA | $0.015516 | 7.04% | 1.92% | 48.87% | $3.10 M | $15.51 M | $343,202.55 | |||
1757 RION 1757Hyperion | $0.1805 | 0.10% | 1.85% | −12.55% | $3.07 M | $18.05 M | $97,802.81 | |||
1825 LAYER 1825UniLayer | $0.0696 | 3.88% | 1.31% | −23.66% | $2.78 M | $2.78 M | $3,229.15 | |||
1831 PSWAP 1831Polkaswap | $0.0007971 | 64.73% | 368.29% | 257.22% | $2.76 M | $2.76 M | $6,330.13 | |||
1860 REX 1860Etherex | $0.00756 | −4.01% | 15.61% | −46.85% | $2.65 M | $7.56 M | $908.57 | |||
1870 EXCC 1870ExchangeCoin | $0.0849 | −3.40% | −0.66% | 2.62% | $2.62 M | $2.72 M | $25,384.00 | |||
1874 KYO 1874Kyo | $0.01578 | 0.87% | 1.39% | 3.23% | $2.60 M | $3.18 M | $2.48 M | |||
1880 SWAP 1880HyperSwap | $0.03767 | 11.03% | 32.18% | 113.99% | $2.56 M | $3.48 M | $11,764.20 | |||
1883 DRG 1883DragonSwap | $0.0103 | −0.58% | 4.36% | −6.79% | $2.53 M | $10.30 M | $10,661.61 | |||
1928 ALOT 1928Dexalot | $0.03737 | −0.84% | −1.02% | −11.83% | $2.36 M | $3.74 M | $7,817.27 | |||
1933 DIME 1933Paradex | $0.01061 | −24.25% | −44.15% | −33.68% | $2.35 M | $10.61 M | $12,565.07 | |||
1938 KDK 1938Kodiak Finance | $0.1588 | 0.72% | −5.08% | −15.17% | $2.35 M | $15.91 M | $47,986.00 | |||
1988 XSUSHI 1988xSUSHI | $0.2818 | 0.28% | 9.32% | −16.26% | $2.20 M | $17.21 M | $5,562.46 | |||
2016 ZEAL 2016ZEAL | $0.008844 | 4.40% | 1.85% | −12.81% | $2.12 M | $2.12 M | $3,656.36 | |||
2049 SUP 2049Superp | $0.01164 | 170.88% | 182.19% | 65.77% | $2.04 M | $11.64 M | $565,583.98 |
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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.
