What are the 10 Most Used Decentralized Exchanges?
Disclaimer: This article is for informational purposes only and does not constitute financial advice. BitPinas has no commercial relationship with any mentioned entity unless otherwise stated.
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Updated on August 5, 2025
Learning how to self-custody is a good way to protect our crypto assets.
To have self-custody means owning and possessing your assets on your own by keeping your own keys or seed phrases. And one way to practice it is by using decentralized exchanges (DEXs).
Table of Contents
But First, What is a DEX?
DEXs are decentralized by nature because they do not have a central entity controlling them. This means that users 100% own their funds that are stored in a non-custodial crypto wallet, like MetaMask, because they are the ones who will keep the keys. Remember the phrase, “Not your keys, not your wallet”?
What is an Automated Market Maker?
Most DEXs use an “Automated Market Maker.” It is because this model offers higher liquidity compared to an “Order Book” model, which centralized exchanges like Binance, PDAX, and Coins.ph are using.
In order book-based trading, a buy order must be matched with a sell order with the same amount of the token to make a successful trade.
DEX users also have full control over their funds. Because DEXs do not have a central entity, assets are held by the users themselves, in their own wallets, and not by the DEX. This also minimizes the risk of hacking, because there is no central authority that holds all the assets.
Because of being decentralized, these exchanges do not need intermediaries, meaning, most transactions and trades are done through peer-to-peer. Which also reduces the transaction fees.
Truly, DEXs are living proof of the goal of blockchain technology, which is decentralization. Remember: Your keys, your wallet.
With this, BitPinas has listed the ten largest DEXs in terms of trading volume, as recorded by CoinGecko. Updated on August 5, 2025.
The Top 10 DEXs Ranked by 24H Trading Volume
Rank #1: PancakeSwap V3
- Network: Binance Smart Chain
- Website: https://pancakeswap.finance/?chain=bsc
- Number of tokens offered: 706
- Available pairs: 1,320
- 24-Hr Trading Volume: ₱154.83 Billion
- Market Share by Volume: 27.0%
Rank #2: UniSwap V3
- Network: Ethereum
- Website: https://app.uniswap.org/
- Number of tokens offered: 1,263
- Available pairs: 2,211
- 24-Hr Trading Volume: ₱40.03 Billion
- Market Share by Volume: 7.0%
Rank #3: Aerodrome SlipStream
- Network: Base
- Website: https://aerodrome.finance/
- Number of tokens offered: 184
- Available pairs: 245
- 24-Hr Trading Volume: ₱35.10 Billion
- Market Share by Volume: 6.1%
Rank #4: Uniswap V3
- Network: Arbitrum One
- Website: https://app.uniswap.org/
- Number of tokens offered: 245
- Available pairs: 435
- 24-Hr Trading Volume: ₱26.87 Billion
- Market Share by Volume: 4.7%
Rank #5: Orca
- Network: Solana
- Website: https://www.orca.so/
- Number of tokens offered: 485
- Available pairs: 1,346
- 24-Hr Trading Volume: ₱23.48 Billion
- Market Share by Volume: 4.1%
Rank #6: Uniswap V3
- Network: Binance Smart Chain
- Website: https://app.uniswap.org/
- Number of tokens offered: 151
- Available pairs: 286
- 24-Hr Trading Volume: ₱19.36 Billion
- Market Share by Volume: 3.4%
Rank #7: Uniswap V4
- Network: Ethereum
- Website: https://app.uniswap.org/
- Number of tokens offered: 454
- Available pairs: 825
- 24-Hr Trading Volume: ₱18.38 Billion
- Market Share by Volume: 3.2%
Rank #8: Uniswap V4
- Network: UniChain
- Website: https://app.uniswap.org/
- Number of tokens offered: 17
- Available pairs: 61
- 24-Hr Trading Volume: ₱18.23 Billion
- Market Share by Volume: 3.2%
Rank #9: Meteora
- Network: Solana
- Website: https://www.meteora.ag/
- Number of tokens offered: 826
- Available pairs: 2,863
- 24-Hr Trading Volume: ₱17.77 Billion
- Market Share by Volume: 3.1%
Rank #10: Hyperliquid
- Network: Hyperliquid L1
- Website: https://app.hyperliquid.xyz/trade
- Number of tokens offered: 55
- Available pairs: 59
- 24-Hr Trading Volume: ₱15.98 Billion
- Market Share by Volume: 2.8%
This article is published on BitPinas: What are the 10 Most Used Decentralized Exchanges?
Disclaimer:
- Before investing in any cryptocurrency, it is essential that you carry out your own due diligence and seek appropriate professional advice about your specific position before making any financial decisions.
- BitPinas provides content for informational purposes only and does not constitute investment advice. Your actions are solely your own responsibility. This website is not responsible for any losses you may incur, nor will it claim attribution for your gains.
