IntoTheBlock analysts have shared an updated ranking of decentralized exchanges by trading volume.

📌 Uniswap is in first place, accounting for about 47% of total transactions.

📌 PancakeSwap is in second place with a share of 21%.

It seems that experts only consider EVM-compatible blockchains such as Ethereum, Layer 2 networks based on it, BNB Chain, Avalanche, and others.

Therefore, Solana-based platforms such as Jupiter are not included in the list.

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