Decentralized exchanges (DEXes) are revolutionizing the world of DeFi, offering permissionless access, enhanced privacy, and opportunities for users to provide liquidity and earn rewards.

With assets securely under user control, DEXes reduce the risk of hacks, making them a trusted choice for crypto traders.

The top 5 DEX protocols have maintained a stable market dominance of 26%-30%, reflecting consistent investor confidence in these leading platforms.

Uniswap leads the pack with a commanding 26% dominance and a Total Value Locked (TVL) of $4.95 billion. PancakeSwap and Curve follow closely, each holding 9% dominance and TVLs of $1.76 billion and $1.69 billion, respectively. Their strong competitive presence reinforces the enduring influence of DEXes in the evolving DeFi space.