Excellent week reported in the DEX market whereby its total trading volume reached a high of $80.65 billion, representing an increment of 6.70 percent compared to the last week. The increase underlines the rising strength and presence of decentralized trading platforms in the structure of an evolving crypto environment with an increasing focus on DeFi, as opposed to centralized exchanges (CEX).
Phoenix Group data also indicates that DEXs currently control 19.46% of the total market domination versus CEXs indicating a significant change in the investor behavior and migration of liquidity.
Uniswap Leads with Over $24 Billion in Weekly Volume
Uniswap remained at the top of the DEX ecosystem as the unquestioned leader with the spectacular 7-day trading volume of $24.12 billion and Total Value Locked (TVL) of $2.15 billion.
It has achieved a high performance due to a broad range of assets supported, well-designed automated market makers (AMM), and client loyalty; traders who want to keep their funds self-custodial.
PancakeSwap Follows with Strong BNB Chain Performance
Right behind, PancakeSwap was ranked second with a weekly volume of $20.35 billion and TVL of $2.90 billion which is the highest among the top DEXs. PancakeSwap is a platform constructed on the BNB Chain, which continues to have high user activity because of low fees, yield farming, and a successful ecosystem of tokens. Its strong liquidity reserves and a healthy user base make it a part of pronounced decentralized trading in the Binance ecosystem.
Emerging DEXs Show Strong Growth Momentum
Meteor got the third position with a 7-day trading volume of $5.84 billion and a TVL of $761.34 million. In the close group were Raydium and Curve with weekly volumes of $4.82 billion and $4.42 billion, respectively.
As a project on the Solana blockchain, Raydium is still enjoying the scalability of Solana, as well as the rising DeFi usage. In the meantime, the liquidity Curve focuses on is still stablecoin swaps, which makes its brand name a credible stablecoin swaps trading protocol with a minimal slippage.
Orca, Aerodrome, and Hyperliquid Expand Market Diversity
Others that are featured in the list of key performers are Orca that had reported volume of $3.88 billion and TVL of $402.07 million, Aerodrome that had reported volume of $3.84 billion and TVL of $457.3 million and Hyperliquid, which reported volume of $2.33 billion and TVL of $199.15 million.
These transactions illustrate how decentralized trading is becoming more diverse in various blockchain economies. All these platforms keep contributing to the liquidity depth and offer competitive yield opportunities, which make the DeFi infrastructure and user experience even more powerful.
Aster Rounds Out the Top Performers
Finishing the list of the best decentralized exchanges, Aster is with a trading volume of $1.53 billion per week and a TVL of $58.62 million. Aster is still small in comparison with major exchanges, but its stable growth implies the increased involvement of users and the network building. Its robust performance highlights the direction toward the growing DEXs slowly taking over with innovativeness and specific liquidity incentives.
DEX Market Outlook: Sustained Growth and Increasing Dominance
The general rise of 6.70 percent in the weekly trading activity is indicative of a larger trust in decentralized finance as markets recover. As DEXs currently control 19.46 percent over CEXs, this direction indicates that an increasing number of traders are moving towards non-custodial and transparent services.
With the further expansion of liquidity and increase in transactions volumes, the decentralized exchange market is destined to grow. This increasing trend is likely to continue as innovations in Layer-2 solutions, interoperability protocols, and yield optimization will ensure the continuation of an excellent performance in the next few weeks.
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