Uniswap

Uniswap

Dexs
4.0
TVL: $1.61B
Vol 24h: $1.62B
Fees: $1.0M
Revenue: $190K
Pairs: 5,785

With $1.57B TVL, $23.82B 30d volume, and $3.47B all-time fees, the protocol shows mature traction, though -20.95% 1d volume momentum and a ~12% 30d revenue-to-fee capture temper near-term monetization strength.

Ethereum Base Arbitrum +39
Pancakeswap

Pancakeswap

Dexs
3.5
TVL: $1.66B
Vol 24h: $724.9M
Fees: $295K
Revenue: $96K
Pairs: 6,394

With $1.65B TVL and $1.06B 30d volume (~0.64x monthly turnover), PancakeSwap shows large-scale liquidity but modest fee monetization (~0.27% take rate) and extreme BSC concentration (~99.7% of TVL).

Binance Ethereum Base +7
Raydium (CLMM)

Raydium (CLMM)

Dexs
3.5
TVL: $989.1M
Vol 24h: $103.2M
Fees: $172K
Revenue: $25K
Pairs: 20

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

Solana
Quickswap

Quickswap

Dexs
3.5
TVL: $483.1M
Vol 24h: $56.3M
Fees: $1K
Revenue: $249
Pairs: 292

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
Humidifi

Humidifi

Dexs
2.5
Vol 24h: $409.4M
Fees: $6K
Revenue: $6K
Pairs: 4

Humidifi shows very high activity ($393.3M–$462.8M 24h volume) against modest on-chain liquidity ($11.2M reserves, ~35–41x daily turnover), but weak risk signals (0 audits, Trust Score N/A) and extremely low monetization (≈0.15–0.18 bps 24h fee take-rate).

Hyperliquid

Hyperliquid

Dexs
3.5
TVL: $165.2M
Vol 24h: $127.1M
Fees: $63K
Revenue: $52K
Pairs: 14

With $160.5M TVL and $238.3M 24h volume (≈1.48x daily turnover) generating $112.7K fees (≈4.7 bps), traction is strong but counterbalanced by 0 audits and single-chain concentration.

Hyperliquid L1
Fluid

Fluid

Dexs
2.5
Vol 24h: $238.7M
Fees: $15K
Revenue: $996
Pairs: 45

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: $195.6M
Vol 24h: $34.2M
Fees: $167K
Revenue: $167K
Pairs: 462

Aerodrome shows moderate market traction and capital efficiency, but lacks liquidity and pair diversity.

Base
Balancer

Balancer

Dexs
2.5
TVL: $94.6M
Vol 24h: $123.1M
Fees: $6K
Revenue: $1K
Pairs: 105

Balancer shows meaningful activity ($96.2M TVL, $3.57B 30d volume = 37.1x TVL) but monetization is thin (~5 bps fee rate; $40.6K 30d revenue) and risk controls look weak (0 audits, trust score N/A).

Ethereum Base Arbitrum +6
SUNSwap

SUNSwap

Dexs
3.5
TVL: $168.5M
Vol 24h: $4.7M
Pairs: 74

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

Tron
Sushiswap

Sushiswap

Dexs
2.5
TVL: $94.6M
Vol 24h: $20.8M
Fees: $18K
Pairs: 76

Sushiswap V3 Katana demonstrates moderate 24h capital efficiency (0.296x) and a significant daily volume surge of 187.15%, yet faces substantial security concerns with 0 audits and N/A trust score, alongside a severe long-term token price decline of over 99% from ATH.

Katana Ethereum Hemi +26
Project X

Project X

Dexs
3.5
TVL: $41.3M
Vol 24h: $59.5M
Fees: $48K
Revenue: $7K
Pairs: 25

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
Ekubo (Starknet)

Ekubo (Starknet)

Dexs
3.0
TVL: $38.1M
Vol 24h: $10.3M
Fees: $5K
Revenue: $403
Pairs: 90

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
Near Intents

Near Intents

Cross Chain Bridge
3.5
TVL: $57.5M
Vol 24h: $39.4M
Fees: $113K
Revenue: $8K
Pairs: 30

Near Intents demonstrates moderate market traction and capital efficiency, but lacks robust liquidity and security features.

Ethereum Bitcoin Near +22
Bluefin

Bluefin

Lending
2.5
TVL: $80.7M
Vol 24h: $15.1M
Pairs: 50

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

Sui
Pharaoh Exchange

Pharaoh Exchange

Dexs
3.0
TVL: $40.7M
Vol 24h: $29.1M
Fees: $15K
Revenue: $15K
Pairs: 39

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
Kumbaya

Kumbaya

Dexs
2.5
TVL: $63.5M
Vol 24h: $4.4M
Fees: $7K
Pairs: 85

With $64.2M TVL but only $4.6M 24h volume (≈7.2% TVL turnover) and 0 audits, traction is emerging yet risk controls and market depth look immature.

MegaETH
Blackhole V3

Blackhole V3

Dexs
3.5
TVL: $33.1M
Vol 24h: $34.4M
Fees: $19K
Revenue: $19K
Pairs: 33

Blackhole V3 shows moderate market traction with a relatively high TVL and trading volume, but lacks audits and a trust score.

Avalanche
Cetus

Cetus

Dexs
3.5
TVL: $33.0M
Vol 24h: $15.8M
Fees: $13K
Revenue: $3K
Pairs: 49

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

Sui Aptos
Native

Native

Dexs
1.0
TVL: $7K
Vol 24h: $44.6M
Pairs: 10

Native exhibits an exceptionally high 24h Volume/TVL ratio of ~8946x, driven by a reported $63.8M 24h volume against a miniscule $7,131 TVL, coupled with zero audits and N/A trust, indicating severe data discrepancy or high operational risk.

Binance Ethereum Polygon +6
Byreal

Byreal

Dexs
3.5
TVL: $14.3M
Vol 24h: $24.4M
Fees: $13K
Revenue: $2K
Pairs: 45

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
Kodiak V3

Kodiak V3

Dexs
3.5
TVL: $34.4M
Vol 24h: $4.1M
Fees: $6K
Revenue: $2K
Pairs: 89

With $36.8M TVL and $6.5M 24h volume (≈17.7% daily turnover) but a -10.36% 24h TVL drawdown and 100% single-chain exposure, traction is present yet still concentration-heavy.

Berachain
Hyperion

Hyperion

Dexs
3.5
TVL: $21.9M
Vol 24h: $10.5M
Fees: $2K
Revenue: $389
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
LFJ V2.2 (Monad)

LFJ V2.2 (Monad)

Dexs
2.0
TVL: $22.0M
Vol 24h: $4.1M
Pairs: 87

LFJ V2.2 (Monad) exhibits minimal market traction with a TVL of $173,699, a 24h volume of $3,875, and negligible 30-day fees of $20, indicating severe underperformance for its specific deployment.

Avalanche Monad Arbitrum
Velodrome Finance

Velodrome Finance

Dexs
3.5
TVL: $22.6M
Vol 24h: $5.3M
Fees: $10K
Revenue: $10K
Pairs: 25

Velodrome Finance shows moderate market traction and capital efficiency, but lacks liquidity and trust score.

Ink Optimism Lisk +7
Rhea Finance

Rhea Finance

Dexs
2.5
TVL: $20.9M
Vol 24h: $4.8M
Fees: $2K
Revenue: $448
Pairs: 89

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
Osmosis

Osmosis

Dexs
2.5
TVL: $15.4M
Vol 24h: $2.9M
Fees: $3K
Revenue: $1K
Pairs: 97

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
Hydrex Integral

Hydrex Integral

Dexs
3.5
TVL: $9.5M
Vol 24h: $7.2M
Fees: $7K
Revenue: $6K
Pairs: 69

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
Supernova (CL)

Supernova (CL)

Dexs
3.5
TVL: $3.9M
Vol 24h: $10.7M
Fees: $6K
Revenue: $6K
Pairs: 60

Supernova (CL) demonstrates moderate market traction and capital efficiency, but lacks liquidity and trust.

Ethereum
Momentum

Momentum

Dexs
3.0
TVL: $9.9M
Vol 24h: $4.0M
Fees: $3K
Revenue: $516
Pairs: 46

$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 V3 (HyperEVM)

Ramses V3 (HyperEVM)

Dexs
3.5
TVL: $3.9M
Vol 24h: $10.0M
Fees: $5K
Revenue: $5K
Pairs: 64

Ramses V3 demonstrates moderate market activity and capital efficiency, but lacks liquidity spread and chain dominance.

Hyperliquid L1
Aster

Aster

Dexs
2.5
TVL: $348K
Vol 24h: $13.2M
Fees: $52
Pairs: 55

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.

SquadSwap WOW (BSC)

SquadSwap WOW (BSC)

Dexs
2.5
TVL: $1.1M
Vol 24h: $10.6M
Fees: $4K
Revenue: $395
Pairs: 19

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
GRXSwap

GRXSwap

Dexs
2.5
TVL: $1.8M
Vol 24h: $6.9M
Pairs: 70

$1.9M TVL with $2.5M 24h volume (~1.32x daily turnover) shows activity, but single-pair concentration (1 coin / 1 pair) plus 0 audits and N/A trust score limits maturity signals.

GRX Chain
Magma Finance

Magma Finance

Dexs
2.5
TVL: $3.2M
Vol 24h: $4.7M
Fees: $101
Revenue: $20
Pairs: 10

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
2.0
TVL: $4.7M
Vol 24h: $2.1M
Pairs: 30

With $134.2K TVL and $2.1M 24h volume (~15.6x daily turnover) but 0 audits and Trust Score N/A, traction appears disproportionate to liquidity depth, limiting institutional-grade confidence.

Abstract
Nest

Nest

Dexs
3.0
TVL: $4.0M
Vol 24h: $2.6M
Fees: $1K
Pairs: 20

With $3.8M TVL and $3.0M 24h volume (~0.79x daily turnover) but a -7.01% TVL drawdown and N/A trust score, Nest shows strong short-term activity relative to liquidity but limited scale and higher concentration risk.

Hyperliquid L1
Hybra Finance V4

Hybra Finance V4

Dexs
2.0
TVL: $1.4M
Vol 24h: $4.8M
Pairs: 81

Hybra Finance V4 exhibits an extremely low TVL of $134,162 coupled with zero audits, despite reporting $5.1M in 24h trading volume, indicating very high risk and potential liquidity fragmentation.

Hyperliquid L1
THENA V3

THENA V3

Dexs
2.5
TVL: $2.3M
Vol 24h: $3.5M
Fees: $5K
Revenue: $5K
Pairs: 92

THENA V3 runs ~1.93x daily Volume/TVL with ~14.2 bps 24h fee-take, but operates on a small $2.7M TVL base with 0 audits and a token down -96.7% vs ATH.

Binance
Lighter (Spot)

Lighter (Spot)

Dexs
3.5
Vol 24h: $4.1M
Fees: $2K
Revenue: $2K
Pairs: 88

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

Ferra (DLMM)

Ferra (DLMM)

Dexs
3.5
TVL: $846K
Vol 24h: $2.8M
Fees: $238
Revenue: $48
Pairs: 13

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

Sui
SailFish

SailFish

Dexs
2.5
TVL: $967K
Vol 24h: $1.8M
Fees: $78
Revenue: $38
Pairs: 2

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

EDU Chain