The DEX sector highlights a significant development in the case of weekly trading volume. As per Phoenix, a famous crypto analytics firm, the top decentralized exchanges in terms of 7-day trading volume take into account Uniswap, PancakeSwap, ORCA, Aerodrome, Raydium, DODO, Curve, Camelot, and Thorchain. The analytics provider took to its official social media account to share the list of these prominent DEXs.
TOP #DECENTRALIZED EXCHANGES BY WEEKLY TRADING VOLUME #Uniswap #Pancakeswap #Orca #Aerodrome #Raydium #DODO #Curve #Camelot #ThorChain pic.twitter.com/5fvxLogn2f
â PHOENIX â Crypto News & Analytics (@pnxgrp) September 17, 2024
Uniswap Leads the DEX Sector with a 7-Day Volume of $7.09B
As Phoenix points out, Uniswap dominates the DEX market with a weekly trading volume of nearly $7.09 billion. In addition to this, it has a total value locked of nearly $996.30 million. PancakeSwap takes the 2nd position in the list with its 7-day volume reaching $2.51 billion. Additionally, its TVL stands at $825.94 million.
Subsequently, ORCA occupies the 3rd spot with a weekly trading volume of up to $1.73B. Along with that, its TVL has touched $234.63M. The 4th place is secured by Aerodrome as it has a weekly trading volume of nearly $1.67B. Moreover, the total value locked of Aerodrome has reached the $333.28M mark.
While moving on, the list includes Raydium in the 5th position as its 7-day trading volume stands at almost $1.45B. The TVL of Raydium has reportedly reached $190.89M. DODO seizes the 6th place with a weekly volume of approximately $1.29B and a TVL of $179.32M. Following that, the 7th place is taken by Curve as it sees $915M in its weekly trading volume along with a TVL of $126.09M.
Thorchain Bottoms the List with $453M in Its Weekly Trading Volume
Camelotâs $558M in 7-day trading volume places it in the 8th spot with its TVL touching $98.97M. The last entry in the list of the top DEXs based on 7-day trading volume is Thorchain with a TVL of $75.27M and a weekly volume of $453M.
