2025-12-26 17:32:49

Recently checked the trading volume rankings, and the competition among decentralized exchanges is indeed fierce. The top few each have their own features: Uniswap remains firmly in the first place, PancakeSwap follows closely, then LFJ, HanjiProtocol, and Curve also have considerable trading activity. Emerging DEXs like KuruExchange, CapricornDEX, MondayTrade, CloberDEX, and SwyrlFi are also growing rapidly, indicating that the overall trading activity in the DEX ecosystem is continuously increasing.

UNI0,51%

CAKE-0,95%

CRV-3,33%

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governance_ghost

· 13h ago

Uni is still the big boss, but PancakeSwap is catching up so quickly that it feels like something's going to happen.

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WalletWhisperer

· 13h ago

the volume distribution pattern here is *chef's kiss*... uni's dominance is basically statistical noise at this point, but watch those emerging dex clusters tho. something's brewing in the accumulation phase, can feel it in the transaction velocity.

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BlockchainFries

· 14h ago

Uniswap is still the biggest, but the traffic on PancakeSwap is indeed terrifying. With so many new DEXs, how many can truly survive? There are really many people eating cookies on PancakeSwap... The liquidity depth on Curve is still outstanding. Most of these emerging DEXs seem to be fleeting. Uniswap's monopoly is a bit annoying; I hope new contenders can break the situation. The trading volume rankings change so frequently that I can't keep up. The centralized era should have been over long ago; I love watching this ecosystem competition.

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DeadTrades_Walking

· 14h ago

Wow, there are so many new DEXs, it feels like a new one pops up every week. If you ask me, Uni should have been taken down long ago, but they just can't do it. PancakeSwap has a lot of users, but the transaction fees are a bit high. Can these small DEXs survive the next bear market? Honestly, I’m not very optimistic. With liquidity so dispersed, the slippage must be really painful. Stablecoin pairs like Curve are okay, but they have too few trading pairs. Wait, I’ve never heard of those emerging DEXs before. Who are they?

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