Uniswap

Uniswap

Dexs
4.5
TVL: $1.61B
Vol 24h: $1.01B
Fees: $2.2M
Revenue: $93K
Pairs: 5,534

Uniswap demonstrates robust market leadership with a combined TVL exceeding $1.46B, a 24h trading volume of $1.0089B, and strong capital efficiency, supported by a diverse multi-chain presence and consistent revenue generation.

Ethereum Base Arbitrum +39
PancakeSwap

PancakeSwap

Dexs
4.0
TVL: $1.66B
Vol 24h: $491.5M
Fees: $50K
Revenue: $16K
Pairs: 6,518

PancakeSwap demonstrates strong market traction with a $1.67B TVL and $24.0M in 24h trading volume, generating consistent fees, though capital efficiency presents an area for optimization.

Binance Ethereum Base +7
Raydium (CLMM)

Raydium (CLMM)

Dexs
4.0
TVL: $989.1M
Vol 24h: $92.9M
Fees: $96K
Revenue: $15K
Pairs: 1,400

Raydium (CLMM) demonstrates a strong market presence with high TVL and volume, but faces capital efficiency and liquidity spread challenges.

Solana
Quickswap

Quickswap

Dexs
4.0
TVL: $483.1M
Vol 24h: $62.9M
Fees: $63K
Revenue: $11K
Pairs: 287

Quickswap demonstrates a strong market presence with a high volume-to-TVl ratio, but faces challenges in liquidity concentration and chain dominance.

Polygon Base
Fluid

Fluid

Dexs
4.0
TVL: $268.7M
Vol 24h: $187.1M
Fees: $7K
Revenue: $628
Pairs: 52

Fluid's TVL and trading volume indicate a relatively healthy DeFi protocol, but its capital efficiency and liquidity spread raise some concerns.

Hyperliquid

Hyperliquid

Dexs
4.0
TVL: $165.2M
Vol 24h: $118.0M
Fees: $42K
Revenue: $33K
Pairs: 59

Hyperliquid demonstrates strong market traction with a substantial TVL and trading volume, but faces challenges in capital efficiency and liquidity spread.

Hyperliquid L1
Humidifi

Humidifi

Dexs
3.5
Vol 24h: $293.8M
Fees: $897
Revenue: $897
Pairs: 24

Humidifi's capital efficiency is concerning, with a 24h Volume to TVL ratio not available, indicating potential liquidity issues.

Aerodrome

Aerodrome

Dexs
4.0
TVL: $188.9M
Vol 24h: $22.5M
Fees: $140K
Revenue: $107K
Pairs: 463

Aerodrome demonstrates strong market traction with high capital efficiency and liquidity, but faces moderate chain concentration risks.

Base
Project X

Project X

Dexs
3.5
TVL: $41.3M
Vol 24h: $95.5M
Fees: $39K
Revenue: $6K
Pairs: 107

Project X's TVL and volume metrics indicate a relatively small but active DEX with potential for growth.

Hyperliquid L1
Sushiswap

Sushiswap

Dexs
3.5
TVL: $94.6M
Vol 24h: $10.8M
Fees: $4K
Revenue: $1K
Pairs: 77

Sushiswap demonstrates moderate market traction with a notable TVL and trading volume, but faces challenges in capital efficiency and liquidity spread.

Katana Ethereum Hemi +26
Near Intents

Near Intents

Cross Chain Bridge
3.5
TVL: $71.7M
Vol 24h: $27.3M
Fees: $95K
Revenue: $14K
Pairs: 173

Near Intents demonstrates moderate market traction with a decent capital efficiency ratio, but faces challenges in liquidity spread and chain dominance.

Near Ethereum Bitcoin +22
Balancer

Balancer

Dexs
3.5
TVL: $94.6M
Vol 24h: $2.7M
Fees: $2K
Revenue: $281
Pairs: 16

Balancer's TVL growth is promising, but its liquidity spread and capital efficiency raise concerns.

Ethereum Base Arbitrum +6
Bluefin

Bluefin

Lending
3.5
TVL: $73.9M
Vol 24h: $15.5M
Pairs: 71

Bluefin DEX demonstrates moderate market traction, but faces challenges in capital efficiency and liquidity spread.

Sui
Pharaoh Exchange

Pharaoh Exchange

Dexs
3.5
TVL: $40.7M
Vol 24h: $44.4M
Fees: $2K
Revenue: $2K
Pairs: 29

Pharaoh Exchange shows moderate market traction with room for growth in liquidity and capital efficiency.

Avalanche
Blackhole V3

Blackhole V3

Dexs
3.5
TVL: $32.3M
Vol 24h: $45.2M
Fees: $2K
Revenue: $2K
Pairs: 42

Blackhole V3 demonstrates moderate market traction with room for improvement in capital efficiency and liquidity spread.

Avalanche
Kumbaya

Kumbaya

Dexs
3.5
TVL: $63.5M
Vol 24h: $1.4M
Fees: $449
Revenue: $72
Pairs: 5

Kumbaya DEX demonstrates moderate market traction with a notable 24h trading volume, yet faces challenges in capital efficiency and liquidity spread.

MegaETH
Ekubo

Ekubo

Dexs
4.0
TVL: $38.0M
Vol 24h: $12.6M
Fees: $5K
Revenue: $295
Pairs: 127

Ekubo demonstrates a strong market presence with a high Volume/TVL ratio, but faces challenges in liquidity distribution and chain dominance.

Starknet Ethereum
Cetus

Cetus

Dexs
3.5
TVL: $33.0M
Vol 24h: $17.0M
Fees: $8K
Revenue: $2K
Pairs: 187

Cetus demonstrates moderate market traction, with a notable TVL and trading volume, yet faces challenges in capital efficiency and liquidity spread.

Sui Aptos
Native

Native

Dexs
2.5
TVL: $7K
Vol 24h: $45.1M
Pairs: 9

Native DEX shows early signs of growth but requires improvement in capital efficiency and liquidity spread.

Binance Ethereum Polygon +6
Hyperion

Hyperion

Dexs
3.5
TVL: $21.9M
Vol 24h: $18.1M
Fees: $1K
Revenue: $268
Pairs: 28

Hyperion's market traction is moderate, with room for improvement in capital efficiency and liquidity spread.

Aptos
Byreal

Byreal

Dexs
3.5
TVL: $14.3M
Vol 24h: $21.1M
Fees: $8K
Revenue: $2K
Pairs: 46

Byreal DEX demonstrates moderate capital efficiency and liquidity, but lacks trust score and audits.

Solana
Kodiak V3

Kodiak V3

Dexs
3.5
TVL: $34.4M
Vol 24h: $2.6M
Fees: $2K
Revenue: $715
Pairs: 73

Kodiak V3 demonstrates moderate market traction with a TVL of $16.8M, but faces challenges in capital efficiency and liquidity spread.

Berachain
LFJ V2.2 (Monad)

LFJ V2.2 (Monad)

Dexs
3.0
TVL: $21.9M
Vol 24h: $3.3M
Pairs: 11

LFJ V2.2 (Monad) exhibits moderate capital efficiency and liquidity, but faces challenges in terms of chain dominance and revenue growth.

Avalanche Monad Arbitrum
Velodrome Finance

Velodrome Finance

Dexs
3.5
TVL: $22.7M
Vol 24h: $5.0M
Fees: $5K
Revenue: $5K
Pairs: 25

Velodrome Finance demonstrates moderate market traction with a notable TVL and trading volume, yet faces liquidity spread and chain dominance challenges.

Ink Optimism Lisk +7
Rhea Finance

Rhea Finance

Dexs
3.5
TVL: $20.9M
Vol 24h: $3.7M
Fees: $1K
Revenue: $207
Pairs: 85

Rhea Finance demonstrates moderate market traction with room for improvement in capital efficiency and liquidity spread.

Near
Osmosis

Osmosis

Dexs
3.5
TVL: $15.4M
Vol 24h: $2.3M
Fees: $3K
Revenue: $1K
Pairs: 232

Osmosis showcases a moderate level of market traction, with a noticeable capital efficiency and a relatively concentrated liquidity spread.

Osmosis
Supernova (CL)

Supernova (CL)

Dexs
3.5
TVL: $3.9M
Vol 24h: $13.6M
Fees: $316
Revenue: $324
Pairs: 41

Supernova (CL) demonstrates moderate market traction with room for growth in capital efficiency and liquidity spread.

Ethereum
Ramses V3 (HyperEVM)

Ramses V3 (HyperEVM)

Dexs
3.5
TVL: $3.9M
Vol 24h: $7.1M
Fees: $4K
Revenue: $3K
Pairs: 33

Ramses V3 demonstrates moderate market traction with a relatively low TVL and high volume turnover, indicating room for growth.

Hyperliquid L1
Momentum

Momentum

Dexs
3.5
TVL: $9.9M
Vol 24h: $1.6M
Fees: $2K
Revenue: $319
Pairs: 46

Momentum DEX demonstrates moderate capital efficiency and liquidity spread, but faces intense competition in the DeFi space.

Sui
Aster

Aster

Dexs
3.5
Vol 24h: $11.6M
Pairs: 8

Aster DEX demonstrates moderate market traction with a significant 24h trading volume, but lacks transparency in TVL and trust score.

W-DEX (Polygon)

W-DEX (Polygon)

Dexs
3.5
TVL: $2.8M
Vol 24h: $4.7M
Fees: $2K
Revenue: $242
Pairs: 3

W-DEX (Polygon) demonstrates moderate capital efficiency and liquidity, but faces challenges in terms of chain diversity and revenue growth.

Polygon
Nest

Nest

Dexs
4.0
TVL: $4.0M
Vol 24h: $2.0M
Fees: $9K
Revenue: $9K
Pairs: 20

Nest DEX demonstrates moderate market traction with a notable TVL and trading volume, but faces challenges in capital efficiency and liquidity spread.

Hyperliquid L1
Magma Finance

Magma Finance

Dexs
3.5
TVL: $3.4M
Vol 24h: $2.9M
Fees: $133
Revenue: $27
Pairs: 9

Magma Finance shows moderate growth and liquidity, but faces challenges in capital efficiency and chain diversification.

Sui
THENA V3

THENA V3

Dexs
2.0
TVL: $2.3M
Vol 24h: $3.5M
Fees: $141
Revenue: $141
Pairs: 42

THENA V3 exhibits moderate daily trading activity across a decent number of pairs, but a critical absence of Total Value Locked (TVL), listed coins count, and trust score data severely hinders a comprehensive quantitative assessment of its capital efficiency, market depth, and overall risk profile.

Binance
Hybra Finance V4

Hybra Finance V4

Dexs
3.5
TVL: $1.2M
Vol 24h: $4.6M
Pairs: 35

Hybra Finance V4 demonstrates modest market traction with a relatively low TVL and high volume turnover, indicating potential for growth.

Hyperliquid L1
SUNSwap

SUNSwap

Dexs
3.5
TVL: $839K
Vol 24h: $4.0M
Pairs: 70

SUNSwap's TVL and volume metrics indicate a relatively small but growing DeFi protocol with room for improvement in capital efficiency and liquidity distribution.

Tron
GRXSwap

GRXSwap

Dexs
2.5
TVL: $2.3M
Vol 24h: $2.5M
Pairs: 1

GRXSwap demonstrates limited market traction with a low Volume/TVL ratio, indicating inefficient capital utilization.

GRX Chain
Lighter (Spot)

Lighter (Spot)

Dexs
4.0
Vol 24h: $4.7M
Fees: $2K
Revenue: $2K
Pairs: 2

Lighter (Spot) demonstrates moderate capital efficiency and liquidity, but lacks transparency in TVL and trust score.

SquadSwap WOW (BSC)

SquadSwap WOW (BSC)

Dexs
3.5
TVL: $1.0M
Vol 24h: $2.7M
Fees: $4K
Revenue: $395
Pairs: 19

SquadSwap WOW demonstrates a moderate level of market traction and liquidity, but with room for improvement in capital efficiency and chain diversification.

Binance
Kittenswap Algebra

Kittenswap Algebra

Dexs
3.5
TVL: $1.1M
Vol 24h: $1.5M
Fees: $3K
Revenue: $3K
Pairs: 15

Kittenswap Algebra shows moderate market traction with room for improvement in capital efficiency and liquidity spread.

Hyperliquid L1
SailFish

SailFish

Dexs
2.5
TVL: $196K
Vol 24h: $1.8M
Pairs: 2

SailFish DEX demonstrates limited market traction with low TVL and trading volume, but shows potential for growth.

EDU Chain
Metal X

Metal X

Gaming
3.5
Vol 24h: $1.7M
Pairs: 13

Metal X DEX shows moderate market traction with a notable 24h trading volume, but lacks transparency in TVL and trust score.