DEX
1.20%
0.02%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
9 HYPE 9Hyperliquid | $67.72 | 4.16% | 1.26% | 0.84% | $17.13 B | $64.56 B | $260.04 M | |||
32 UNI 32Uniswap | $3.66 | −2.68% | 10.44% | 32.37% | $2.28 B | $3.26 B | $82.39 M | |||
38 ASTER 38Aster | $0.632 | −0.26% | 1.79% | −3.12% | $1.70 B | $4.93 B | $32.48 M | |||
71 JUP 71Jupiter | $0.2105 | −0.61% | −1.93% | 4.47% | $695.61 M | $1.44 B | $20.76 M | |||
72 PUMP 72Pump.fun | $0.001659 | 11.58% | 12.80% | 1.62% | $664.20 M | $1.41 B | $105.22 M | |||
73 LIT 73Lighter | $2.55 | −0.31% | 12.11% | 50.05% | $639.00 M | $2.56 B | $45.84 M | |||
84 CAKE 84PancakeSwap | $1.42 | 0.00% | 4.39% | −0.72% | $458.31 M | $475.82 M | $27.75 M | |||
97 GNO 97Gnosis | $126.42 | 11.91% | 21.11% | 20.98% | $334.29 M | $379.94 M | $10.45 M | |||
100 CRV 100Curve DAO | $0.2173 | −3.73% | 6.28% | −9.86% | $331.49 M | $520.35 M | $20.57 M | |||
110 PENDLE 110Pendle | $1.60 | 5.17% | 7.37% | 12.48% | $273.66 M | $450.16 M | $18.05 M | |||
142 RAY 142Raydium | $0.6969 | 1.07% | 3.78% | 5.92% | $187.01 M | $385.39 M | $12.59 M | |||
154 FF 154Falcon Finance | $0.07106 | 13.62% | 20.93% | 1.89% | $165.63 M | $707.80 M | $40.27 M | |||
172 EDGE 172edgeX | $0.41 | −3.81% | −13.48% | 11.84% | $143.29 M | $409.40 M | $6.62 M | |||
173 RUNE 173THORChain | $0.424 | 1.90% | 12.23% | 4.67% | $143.28 M | $150.01 M | $37.50 M | |||
202 GENIUS 202Genius | $0.3264 | −3.33% | −8.49% | −28.26% | $109.33 M | $311.00 M | $11.01 M | |||
206 1INCH 2061INCH | $0.0751 | −0.25% | 8.00% | −3.56% | $106.19 M | $112.82 M | $8.69 M | |||
210 DYDX 210dYdX | $0.1211 | −1.31% | −5.71% | −5.97% | $102.60 M | $115.86 M | $5.33 M | |||
231 O 231o1.exchange | $0.5847 | 11.65% | 4.70% | −10.79% | $93.55 M | $584.70 M | $2.46 M | |||
245 MET 245Meteora | $0.1613 | 9.59% | 7.08% | 32.95% | $86.84 M | $161.43 M | $19.03 M | |||
247 COW 247CoW Protocol | $0.1476 | 1.35% | 9.31% | −10.39% | $85.38 M | $147.60 M | $2.99 M | |||
248 DRV 248Derive | $0.1456 | −2.88% | 32.01% | 41.29% | $85.04 M | $146.40 M | $22.59 M | |||
253 FLUID 253Fluid | $1.03 | −1.08% | −4.19% | −10.63% | $80.66 M | $102.50 M | $1.85 M | |||
257 SNX 257Synthetix | $0.232 | −0.99% | 8.59% | −11.36% | $79.79 M | $134.65 M | $9.52 M | |||
282 ZRX 2820x Protocol | $0.0878 | −0.41% | 1.12% | −3.69% | $74.51 M | $87.83 M | $6.31 M | |||
286 ORCA 286Orca | $1.21 | 2.54% | 1.68% | 3.42% | $73.57 M | $90.75 M | $17.39 M | |||
312 CYDX 312CyberDEX | $0.1822 | −0.00% | 0.03% | 27404.34% | $63.30 M | $291.52 M | $3,564.14 | |||
341 MAGMA 341Magma Finance | $0.3006 | 9.25% | −15.91% | −22.64% | $56.41 M | $296.90 M | $12.86 M | |||
360 FT 360Flying Tulip | $0.09403 | −1.01% | −1.23% | −11.01% | $52.02 M | $940.30 M | $239,241.00 | |||
381 SUSHI 381SushiSwap | $0.166 | 0.51% | 4.88% | −11.15% | $47.44 M | $48.22 M | $6.41 M | |||
421 VVS 421VVS Finance | $0.0₅97 | −0.14% | −1.51% | −12.43% | $42.24 M | $92.26 M | $8,144.40 | |||
499 MMT 499Momentum | $0.1687 | 3.57% | 6.48% | 26.32% | $34.19 M | $167.50 M | $8.02 M | |||
503 RTX 503RateX | $1.02 | −1.36% | −3.08% | −3.76% | $16.99 M | $102.00 M | $1,818.36 | |||
513 EROWAN 513Sifchain | $0.00000147 | 54.31% | 56.01% | 54.10% | $44,562.05 | $44,630.60 | $1.04 | |||
540 MNGO 540Mango | $0.0293 | −2.09% | 5.40% | 2.22% | $32.74 M | $32.74 M | $1,998.95 | |||
549 AVNT 549Avantis | $0.0967 | 1.72% | 3.79% | −15.97% | $31.80 M | $96.57 M | $3.75 M | |||
562 BNT 562Bancor Network | $0.2826 | 0.07% | 6.60% | −3.49% | $30.28 M | $30.28 M | $693,159.20 | |||
583 DODO 583DODO | $0.02891 | 43.31% | 84.55% | 75.21% | $28.48 M | $28.48 M | $38.07 M | |||
600 OSMO 600Osmosis | $0.0342 | 0.40% | −1.92% | −28.61% | $26.66 M | $33.32 M | $2.49 M | |||
626 CLO 626Yei Finance | $0.1964 | −7.30% | −7.16% | −18.14% | $25.36 M | $196.40 M | $3.95 M | |||
628 ARKM 628Arkham | $0.1131 | 0.21% | 2.63% | −17.50% | $25.35 M | $112.60 M | $5.56 M | |||
631 LINA 631Linear | $0.002516 | 2.43% | 6.63% | −5.37% | $25.15 M | $25.16 M | $2,751.89 | |||
642 FLIP 642Chainflip | $0.2756 | −0.89% | 0.28% | −5.33% | $24.48 M | $24.70 M | $119,898.99 | |||
650 FRAX 650Frax (prev. FXS) | $0.2568 | 0.97% | 11.47% | −11.00% | $24.02 M | $25.58 M | $300,350.64 | |||
654 KNC 654Kyber Network Crystal | $0.1126 | 1.24% | 4.26% | −11.27% | $23.56 M | $27.14 M | $2.39 M | |||
690 LON 690Tokenlon | $0.1767 | −0.94% | 2.84% | −8.16% | $21.82 M | $24.82 M | $14,427.46 | |||
707 BASED 707Based | $0.08931 | −0.65% | 10.20% | 6.48% | $20.93 M | $89.08 M | $7.55 M | |||
716 STON 716STON | $0.544 | −2.79% | 0.54% | −8.08% | $20.37 M | $54.40 M | $16,587.70 | |||
731 VELO 731Velodrome Finance | $0.02159 | −1.63% | 1.78% | 32.21% | $19.76 M | $54.75 M | $1.99 M | |||
775 CETUS 775Cetus Protocol | $0.01864 | −1.96% | 6.22% | −7.33% | $17.73 M | $18.54 M | $2.04 M | |||
777 AEVO 777Aevo | $0.01926 | −0.40% | 6.42% | −6.18% | $17.64 M | $19.23 M | $3.40 M | |||
841 FUL 841Fulcrom | $0.0009238 | −2.74% | −5.40% | −3.31% | $15.43 M | $18.48 M | $1,803.84 | |||
847 F 847SynFutures | $0.00341 | −1.04% | 5.90% | −17.15% | $15.23 M | $33.97 M | $2.05 M | |||
849 WET 849HumidiFi | $0.06536 | −1.43% | −1.16% | 5.19% | $15.05 M | $65.43 M | $4.20 M | |||
854 GNS 854Gains Network | $0.636 | 2.91% | 5.46% | 3.34% | $14.90 M | $14.90 M | $740,617.73 | |||
863 LRC 863Loopring | $0.01069 | −0.32% | −1.47% | −23.44% | $14.63 M | $14.69 M | $1.89 M | |||
872 INX 872Infinex | $0.007268 | 1.86% | 2.80% | −13.81% | $14.40 M | $72.21 M | $2.67 M | |||
892 MYX 892MYX Finance | $0.07202 | 0.68% | 13.74% | −58.40% | $13.74 M | $72.02 M | $10.20 M | |||
897 CHEX 897Chintai | $0.01097 | −2.69% | −19.76% | −28.17% | $13.70 M | $13.70 M | $258,439.30 | |||
911 AQUA 911Aquarius | $0.0003675 | 1.89% | 3.37% | −13.72% | $13.20 M | $36.74 M | $168,490.00 | |||
918 JOE 918JOE | $0.0282 | −1.14% | 0.76% | −15.52% | $12.85 M | $13.05 M | $4.36 M | |||
977 H2O 977H2O | $5.28 | 0.19% | 3.13% | −8.97% | $11.45 M | $11.46 M | $427,615.00 | |||
994 MAV 994Maverick Protocol | $0.00944 | −0.13% | 2.97% | −15.61% | $11.10 M | $18.93 M | $944,187.30 | |||
1070 DOLO 1070Dolomite | $0.02231 | −0.70% | 2.16% | −11.34% | $9.83 M | $22.24 M | $3.89 M | |||
1087 EPS 1087Ellipsis [OLD] | $0.01302 | 0.00% | 3.42% | −7.83% | $9.42 M | $9.42 M | $60.93 | |||
1088 THOR 1088THORSwap | $0.03695 | 5.70% | 15.12% | 1.94% | $9.40 M | $10.39 M | $6,651.07 | |||
1102 CET 1102CoinEx Token | $0.01275 | 0.81% | −0.67% | −31.39% | $9.04 M | $35.41 M | $66,550.00 | |||
1132 ROLL 1132RollX | $0.05498 | −0.20% | −12.44% | −24.87% | $8.52 M | $54.98 M | $111,695.20 | |||
1135 PEAR 1135Pear Protocol | $0.01754 | −1.00% | −0.74% | 8.41% | $8.45 M | $14.95 M | $9,573.42 | |||
1146 DRIFT 1146Drift Protocol | $0.01364 | −0.06% | −5.28% | −19.47% | $8.34 M | $13.64 M | $2.16 M | |||
1183 HFT 1183Hashflow | $0.009032 | −2.18% | 1.98% | −17.36% | $7.67 M | $9.01 M | $2.12 M | |||
1201 THE 1201THENA | $0.0554 | −3.73% | 10.07% | −22.89% | $7.37 M | $15.73 M | $1.99 M | |||
1218 MCB 1218MUX Protocol | $1.87 | −1.06% | 1.08% | −9.66% | $7.15 M | $8.98 M | $134.46 | |||
1241 BAL 1241Balancer | $0.09754 | 1.00% | 6.49% | −11.99% | $6.81 M | $7.06 M | $100,595.11 | |||
1260 ANY 1260Anyswap | $0.5002 | −0.38% | 3.27% | −8.07% | $6.59 M | $50.02 M | $6.47 | |||
1264 QUICK 1264Quickswap [OLD] | $9.85 | 0.82% | 5.35% | 0.82% | $6.56 M | $8.85 M | $3,448.69 | |||
1300 OPAL 1300Opal | $0.1208 | 0.26% | −14.35% | −7.26% | $6.04 M | $120.80 M | $18,975.56 | |||
1321 EKUBO 1321Ekubo | $0.5763 | 3.44% | 8.76% | 11.34% | $5.76 M | $5.76 M | $13,673.71 | |||
1324 SDEX 1324SmarDex | $0.0005819 | −0.89% | −67.01% | −28.83% | $5.70 M | $5.82 M | $19,338.54 | |||
1331 RION 1331Hyperion | $0.1663 | −0.16% | 1.63% | −9.36% | $5.60 M | $16.63 M | $64,882.40 | |||
1334 STORM 1334Storm Trade | $0.005593 | −2.70% | −9.05% | −13.04% | $5.59 M | $5.59 M | $104,919.25 | |||
1349 HDN 1349Hydranet | $0.02839 | −1.01% | −1.63% | −27.71% | $5.34 M | $8.52 M | $82,383.00 | |||
1358 MIN 1358Minswap | $0.003046 | 2.02% | −4.91% | −14.97% | $5.26 M | $7.53 M | $19,858.41 | |||
1371 RHEA 1371RHEA | $0.01303 | 1.41% | −1.38% | −18.28% | $5.18 M | $13.02 M | $159,482.78 | |||
1377 QUICK 1377Quickswap | $0.00778 | 0.52% | 2.56% | 6.08% | $5.13 M | $6.92 M | $98,432.22 | |||
1381 BLUE 1381Bluefin | $0.009289 | −1.19% | −4.99% | −22.89% | $5.12 M | $9.29 M | $122,693.15 | |||
1404 NEX 1404Nash | $0.1128 | −13.83% | −28.30% | −21.98% | $5.00 M | $5.64 M | $1,336.46 | |||
1409 PNG 1409Pangolin | $0.02096 | −0.57% | −3.70% | −10.98% | $4.94 M | $4.82 M | $453,281.00 | |||
1566 GDOT 1566GIGADOT | $0.8568 | −0.11% | 4.52% | −17.84% | $3.72 M | $3.72 M | $4,334.86 | |||
1587 MKL 1587Merkle Trade | $0.03557 | 0.33% | 0.85% | 2.82% | $3.56 M | $3.56 M | $0.9299 | |||
1630 DIME 1630Paradex | $0.015 | 9.04% | 7.45% | 20.74% | $3.32 M | $15.00 M | $3,213.49 | |||
1677 ODOS 1677ODOS | $0.001932 | 59.36% | 137.71% | 152.48% | $3.09 M | $19.32 M | $5.82 M | |||
1735 VOOI 1735VOOI | $0.008206 | −4.75% | −18.89% | 63.45% | $2.83 M | $8.21 M | $133,358.39 | |||
1782 LAYER 1782UniLayer | $0.0662 | 0.61% | 0.61% | −3.64% | $2.65 M | $2.65 M | $219.96 | |||
1805 KYO 1805Kyo | $0.01555 | 0.32% | 1.83% | −1.18% | $2.55 M | $3.12 M | $2.67 M | |||
1844 EXCC 1844ExchangeCoin | $0.07724 | 2.01% | 4.98% | −13.64% | $2.38 M | $2.47 M | $12,937.87 | |||
1859 REX 1859Etherex | $0.006635 | 1.75% | −3.26% | −14.26% | $2.32 M | $6.64 M | $628.48 | |||
1881 RAILS 1881Rails | $0.06668 | −5.15% | 17.10% | 12.88% | $2.24 M | $4.33 M | $14,699.76 | |||
1882 SWCH 1882SwissCheese | $0.05118 | 4.08% | −3.73% | 29.65% | $2.24 M | $6.14 M | $253,030.97 | |||
1891 DRG 1891DragonSwap | $0.009016 | −0.20% | −0.15% | −13.37% | $2.22 M | $9.02 M | $33,663.00 | |||
1900 SWAP 1900HyperSwap | $0.03228 | 2.27% | 3.04% | −4.76% | $2.21 M | $2.97 M | $4,796.12 |
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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.
