Uniswap

Uniswap

Dexs
4.0
TVL: $1.67B
Vol 24h: $2.43B
Fees: $732K
Revenue: $113K
Pairs: 16,614

With $1.59B TVL and $19.90B 30d volume (~12.5x monthly turnover) but only ~0.10% effective fee rate and ~17% revenue capture, Uniswap shows deep liquidity and mature adoption with cyclical activity sensitivity.

Ethereum Base Arbitrum +40
PancakeSwap

PancakeSwap

Dexs
3.5
TVL: $1.76B
Vol 24h: $482.8M
Fees: $164K
Revenue: $53K
Pairs: 6,089

With $1.64B TVL and ~99.4% concentrated on BSC, PancakeSwap shows strong scale but mixed capital efficiency (2.3%–44.2% 24h turnover depending on volume lens) and modest protocol monetization (~0.69% annualized revenue/TVL).

Binance Ethereum zkSync Era +7
Raydium

Raydium

Dexs
3.5
TVL: $994.6M
Vol 24h: $83.1M
Fees: $154K
Revenue: $23K
Pairs: 6,722

With $1.06B TVL and $435.3M 24h volume (~0.41x daily turnover) but 0 audits and N/A trust score, Raydium shows strong usage yet elevated operational risk.

Solana
Fluid

Fluid

Dexs
2.5
Vol 24h: $647.1M
Fees: $13K
Revenue: $1K
Pairs: 52

Fluid demonstrates high capital efficiency and substantial trading volumes, but critical security concerns (zero audits) and inconsistent TVL reporting significantly temper its overall quantitative standing.

Aerodrome

Aerodrome

Dexs
3.5
TVL: $200.3M
Vol 24h: $423.5M
Fees: $337K
Revenue: $130K
Pairs: 792

With $204.6M TVL and $162.9M 24h volume (turnover 0.80x/day) generating $95.0K/day fees (~5.8 bps take rate), Aerodrome shows solid on-chain traction but remains Base-only (100% TVL) with an N/A trust score and slight near-term cooling (TVL -2.01%, volume -5.33% 1d).

Base
Quickswap

Quickswap

Dexs
3.5
TVL: $421.2M
Vol 24h: $51.5M
Fees: $1K
Revenue: $174
Pairs: 380

With $507.3M TVL and ~$1.05B 30d volume (2.07x TVL/month), Quickswap shows mature liquidity depth but inconsistent short-term volume signals (reported -98.80% 1d).

Polygon Base
Hyperliquid

Hyperliquid

Dexs
3.5
TVL: $149.2M
Vol 24h: $200.2M
Fees: $82K
Revenue: $71K
Pairs: 6

With $119.8M 24h volume on $175.1M TVL (≈0.68x daily turnover) and a fee take-rate of ~4.9 bps, traction is strong, but 0 audits and a TVL definition gap (CoinGecko $5.37B vs $175.1M) add governance/measurement risk.

Hyperliquid L1
Project X

Project X

Dexs
3.5
TVL: $41.6M
Vol 24h: $171.5M
Fees: $142K
Revenue: $20K
Pairs: 8

With $43.3M TVL driving $118.7M 24h volume (≈2.74x daily turnover) and a stable fee take rate near 7.5 bps, Project X shows strong market traction but elevated operational risk with 0 audits and no trust score.

Hyperliquid L1
Balancer

Balancer

Dexs
3.0
TVL: $70.4M
Vol 24h: $129.9M
Fees: $4K
Revenue: $497
Pairs: 448

With $97.7M TVL and $2.68B 30d volume (~27.4x monthly TVL turnover) but only $190.4K 30d fees and 0 audits / Trust Score N/A, traction looks real while monetization and risk signaling lag.

Ethereum Monad Arbitrum +6
Bluefin

Bluefin

Lending
2.5
TVL: $75.4M
Vol 24h: $14.1M
Pairs: 41

Bluefin shows moderate market traction and capital efficiency, but lacks substantial TVL and liquidity.

Sui
Native

Native

Dexs
2.0
TVL: $7K
Vol 24h: $88.4M
Pairs: 10

Despite $68.5M 24h volume versus only $7.6K TVL (~9,013x daily turnover), the 0 audits and N/A trust score signal high execution/credibility risk relative to observed flow.

Binance Ethereum Polygon +6
Near Intents

Near Intents

Cross Chain Bridge
3.0
TVL: $70.6M
Vol 24h: $11.7M
Fees: $62K
Revenue: $3K
Pairs: 49

With $53.1M TVL and $85.0M 24h volume (~1.60x daily turnover) but 0 audits and Trust Score: N/A, the protocol shows strong flow-through usage with elevated operational/risk uncertainty.

Near Ethereum Bitcoin +22
Ekubo

Ekubo

Dexs
3.0
TVL: $23.6M
Vol 24h: $50.9M
Fees: $6K
Revenue: $694
Pairs: 112

Ekubo shows strong usage with $62.4M 24h volume on $41.2M TVL (1.51x daily turnover), but monetization is thin at ~0.7–1.3 bps fees and the token trades at 0.25x MCap/TVL after an ~86% drawdown from ATH.

Starknet Ethereum
Pharaoh Exchange

Pharaoh Exchange

Dexs
3.0
TVL: $38.4M
Vol 24h: $34.7M
Fees: $22K
Revenue: $21K
Pairs: 30

Pharaoh Exchange shows high utilization with $63.2M 24h volume on $32.1M TVL (~2.0x/day turnover), but maturity signals lag with 0 audits, N/A trust score, and 100% TVL concentrated on Avalanche.

Avalanche
Humidifi

Humidifi

Dexs
2.5
Vol 24h: $71.8M
Fees: $172
Revenue: $172
Pairs: 19

High notional activity ($220.2M–$440.4M 24h volume) but weak monetization (~0.18–0.35 bps take-rate) and missing TVL/audit disclosures keep institutional confidence capped.

Sushiswap

Sushiswap

Dexs
2.5
TVL: $55.6M
Vol 24h: $12.9M
Fees: $7K
Pairs: 68

Sushiswap (V3 Katana) exhibits moderate capital efficiency (30d Volume/TVL of 5.07x) with significant multi-chain deployment but faces recent volume decline (-49.48% in 24h) and lacks crucial audit data.

Ethereum Katana Hemi +26
Blackhole V3

Blackhole V3

Dexs
2.8
TVL: $29.0M
Vol 24h: $33.4M
Fees: $17K
Revenue: $17K
Pairs: 31

Blackhole V3 exhibits high capital efficiency with a 24h Volume/TVL ratio of 1.17x, yet faces substantial recent declines in both TVL and trading volume amidst a complete lack of audits and single-chain reliance.

Avalanche
SunSwap

SunSwap

Dexs
3.5
TVL: $838K
Vol 24h: $48.2M
Pairs: 100

SUNSwap has a moderate level of market traction and capital efficiency, but its liquidity spread and chain dominance are areas for improvement.

Tron
Cetus

Cetus

Dexs
3.5
TVL: $33.0M
Vol 24h: $10.8M
Fees: $14K
Revenue: $3K
Pairs: 50

Cetus DEX shows moderate market traction and capital efficiency, but lacks liquidity and chain dominance.

Sui Aptos
Velodrome Finance

Velodrome Finance

Dexs
3.0
TVL: $23.3M
Vol 24h: $13.4M
Fees: $8K
Revenue: $8K
Pairs: 162

With $22.8M TVL and $500.1M 30d volume (~22.0x monthly turnover), Velodrome shows meaningful flow-through, but the latest -52.15% 1d volume shock plus a thin implied fee take (~4–5 bps) and N/A trust scoring keep risk-adjusted traction mid-tier.

Ink Optimism Lisk +7
Rhea Finance

Rhea Finance

Dexs
2.5
TVL: $24.7M
Vol 24h: $9.7M
Fees: $690
Revenue: $138

With $22.0M TVL and $5.9M 24h volume (~0.27x daily turnover), activity is improving (+128.44% 1d volume) but monetization is thin (~0.06% fee/vol) and risk signals persist (0 audits, Trust Score N/A).

Near
Kumbaya

Kumbaya

Dexs
2.5
TVL: $30.6M
Vol 24h: $2.7M
Fees: $7K
Revenue: $1K
Pairs: 88

With $63.1M TVL and $3.8M 24h volume (≈6.0% daily turnover) but 0 audits and Trust Score N/A, traction is measurable while risk controls look underdeveloped.

MegaETH
Kodiak V3

Kodiak V3

Dexs
3.0
TVL: $29.0M
Vol 24h: $2.5M
Fees: $4K
Revenue: $1K
Pairs: 97

With $33.5M TVL and ~7.2% daily turnover (using $2.4M 24h volume), Kodiak V3 shows moderate traction but declining short-term flow (-31.1% 1d volume) and single-chain concentration (100% Berachain).

Berachain
Hyperion

Hyperion

Dexs
3.5
TVL: $20.3M
Vol 24h: $7.3M
Fees: $1K
Revenue: $219
Pairs: 62

With $33.1M TVL and $15.0M 24h volume (≈0.45x daily turnover) on a single chain, Hyperion shows solid near-term traction but moderate fee monetization (~0.012% 24h fees/volume) and limited diversification.

Aptos
Byreal

Byreal

Dexs
3.5
TVL: $14.0M
Vol 24h: $4.4M
Fees: $10K
Revenue: $1K
Pairs: 76

Byreal shows strong utilization with $16.3M 24h volume on $14.1M TVL (1.16x daily turnover), but maturity/risk signals lag with 0 audits and Trust Score: N/A despite ~9 months of pool history.

Solana
Osmosis

Osmosis

Dexs
2.5
TVL: $17.8M
Vol 24h: $3.7M
Fees: $9K
Revenue: $4K
Pairs: 83

With $15.8M TVL and $2.3M 24h volume (≈0.15× TVL turnover) plus 0 audits, Osmosis shows measurable usage but weak risk signaling and modest capital productivity versus mature DEX benchmarks.

Osmosis
Nest

Nest

Dexs
3.0
TVL: $8.1M
Vol 24h: $11.9M
Fees: $14K
Revenue: $14K
Pairs: 47

With $4.1M TVL and $2.0M 24h volume (~0.49x daily turnover) but only $1.1K/day fees (~5.5 bps take rate) and 100% single-chain TVL, Nest shows active usage relative to liquidity yet limited scale and diversification.

Hyperliquid L1
LFJ

LFJ

Dexs
2.5
TVL: $17.3M
Vol 24h: $1.5M
Fees: $1
Pairs: 10

With $167.4K TVL and only $114.5K 30d tracked volume (≈0.68x monthly TVL turnover) plus just $3 in 30d fees, current market traction and monetization look weak despite large historical fee imprint ($301.9M all-time).

Avalanche Monad Arbitrum
Hydrex Integral

Hydrex Integral

Dexs
3.5
TVL: $7.8M
Vol 24h: $3.1M
Fees: $15K
Revenue: $14K
Pairs: 88

With $8.7M TVL and $6.5M 24h volume (≈0.75x daily turnover) but only 1 audit and no trust score, Hydrex Integral shows strong usage relative to liquidity yet remains early-to-mid maturity risk-wise.

Base
Momentum

Momentum

Dexs
3.0
TVL: $7.4M
Vol 24h: $3.0M
Fees: $4K
Revenue: $841
Pairs: 100

$10.5M TVL supports $112.1M 30d volume (10.67× TVL), but single-chain (100% Sui) concentration and Trust Score N/A keep risk-adjusted quality at a mid-range level.

Sui
Ramses

Ramses

Dexs
3.5
TVL: $3.5M
Vol 24h: $6.3M
Fees: $10K
Revenue: $10K
Pairs: 32

Ramses V3 demonstrates strong capital efficiency with a 24h Volume/TVL ratio of 1.80x and high revenue retention, but its relatively low $3.6M TVL and single-chain dependency warrant close monitoring.

Hyperliquid L1
Supernova (CL)

Supernova (CL)

Dexs
2.5
TVL: $2.1M
Vol 24h: $6.2M
Fees: $4K
Revenue: $4K
Pairs: 69

With $3.8M TVL and $615.4M 30d volume (~162x monthly turnover) but 0 audits and N/A trust score, Supernova (CL) shows strong activity relative to liquidity with elevated operational risk.

Ethereum
Magma Finance

Magma Finance

Dexs
2.5
TVL: $4.8M
Vol 24h: $2.6M
Fees: $222
Revenue: $44
Pairs: 95

With $3.4M TVL and $36.4M 24h volume (10.7x TVL/day) but only $217/day fees (~0.6 bps implied take rate) and -8.48% TVL daily drawdown, Magma shows high turnover but weak monetization and unstable liquidity depth.

Sui
Aborean Finance V3

Aborean Finance V3

Dexs
2.5
TVL: $3.5M
Vol 24h: $3.6M
Pairs: 76

With $2.1M 24h volume on just $132.3K TVL (≈15.9x daily turnover) but 0 audits and 100% single-chain TVL concentration, traction looks real yet risk and depth constraints dominate.

Abstract
Aster

Aster

Dexs
2.5
TVL: $350K
Vol 24h: $6.1M
Fees: $10
Pairs: 70

With $355.1K TVL concentrated 100% on Blast, a low $7.5K 24h volume (~2.1% daily turnover) and only $20/day fees, Aster shows early-stage traction despite 2 audits.

GRXSwap

GRXSwap

Dexs
2.5
TVL: $2.3M
Vol 24h: $3.4M
Pairs: 85

GRXSwap shows high short-term turnover (24h volume $2.5M vs TVL $1.9M = 1.32x/day) but remains early-stage with a -5.41% TVL drawdown, 1 pair concentration, and 0 audits.

GRX Chain
THENA

THENA

Dexs
2.5
TVL: $1.8M
Vol 24h: $3.3M
Fees: $2K
Revenue: $2K
Pairs: 40

With $2.3M TVL concentrated 100% on Binance and 0 audits, THENA V3 shows moderate trading traction ($116.3M 30d volume) but thin per-pair liquidity (~$52K TVL/pair) and elevated operational risk.

Binance
Hybra Finance

Hybra Finance

Dexs
2.5
TVL: $1.3M
Vol 24h: $3.1M
Pairs: 32

Hybra Finance V4 shows high turnover ($5.1M 24h volume vs $132.3K TVL = ~38.6x/day) but remains early-stage with 0 audits, Trust Score: N/A, and concentrated 100% single-chain TVL.

Hyperliquid L1
Ferra (DLMM)

Ferra (DLMM)

Dexs
3.5
TVL: $344K
Vol 24h: $2.8M
Fees: $102
Revenue: $20
Pairs: 13

Ferra (DLMM) shows moderate market traction and moderate capital efficiency, but lacks liquidity diversity and chain dominance.

Sui
Lighter (Spot)

Lighter (Spot)

Dexs
3.5
Vol 24h: $2.5M
Fees: $1K
Revenue: $1K
Pairs: 98

Lighter (Spot) has a moderate market presence with decent volume and liquidity, but lacks TVL and trust score.

SailFish

SailFish

Dexs
2.5
TVL: $202K
Vol 24h: $1.8M
Fees: $5
Revenue: $2
Pairs: 2

SailFish shows moderate market traction and capital efficiency, but lacks liquidity and trust.

EDU Chain
SquadSwap

SquadSwap

Dexs
2.5
TVL: $1.0M
Vol 24h: $471K
Fees: $4K
Revenue: $395
Pairs: 17

With $1.1M TVL and $35.9M 24h volume (≈32.6x TVL/day) but only $3.9K/day fees (~1.1 bps) and Trust Score: N/A, traction looks flow-heavy yet durability/quality signals remain weak.

Binance