The second-largest DEX in volume is PancakeSwap, with $2.7 billion and a 21% DEX market share. Uniswap has a current total value locked of just under $5 billion.

Uniswap continues to hold its dominance as a leading decentralized exchange, maintaining strong user activity and liquidity.

While Uniswap peaked with nearly 78% of all DEX volume in October 2020, the platform’s monthly dominance has trended below one-third during all of 2022. DYdX has grown to 43% from 24% this year ...

The decentralized exchange, dYdX (CRYPTO: ETHDYDX), has outperformed Uniswap (CRYPTO: UNI), becoming the dominant decentralized exchange (DEX) by daily trading volume.

dYdX Tops Uniswap as Largest DEX by Volume The decentralized exchange, which last year moved over to the Cosmos blockchain, just saw $757 million of volume over a 24-hour period.

The BSC native DEX saw a massive $3.21 billion in trading volume, over the last 24 hours. The surge in volume is nearly three times the amount currently traded on Uniswap, which totaled $1.14 billion.

UNI’s 180-day trading volume is the highest in the DEX sector. Uniswap (UNI) price trades above $7.8 and gains over 6% at the time of writing on Thursday, reflecting optimism as on-chain metrics ...