Over the past 7 days, the trading volume on decentralized exchanges (DEX) reached $45.34 billion. The leader in this indicator was the digital platform PancakeSwap, which accounted for nearly 33% of the market. Trading on this platform amounted to $14.9 billion. In second place was the popular platform Uniswap with a result of $8.29 billion or 18.3%. These services together cover more than 50% of all operations on DEX.

It is remarkable that 94% of all trading on DEX was done on the BNB Chain. This is equivalent to $14.2 billion for the week. Such concentration confirms the popularity of BNB Chain among PancakeSwap users. The remaining 6% is distributed across other networks.

The Raydium platform took 3rd place in trading volume with $2.51 billion. This accounts for only 5.6% of the market. Next are Orca with $2.08 billion and Meteora with $1.79 billion. Their shares are 4.6% and 4% respectively. It is worth noting that all 3 platforms are built on the Solana blockchain. Other platforms each gained less than 4%.

Fluid and Curve Finance demonstrated comparable results — $1.67 billion and $1.48 billion respectively. Aerodrome with $1.2 billion and SunPump with $918 million also made it into the top 10. Rounding out the top ten is Lifinity with a volume of $653 million and a market share of less than 1.5%.

Interestingly, the share of protocols that did not make it to the top 10 was 21.6%. This indicates the growing diversity of platforms in the decentralized finance (DeFi) sector. However, major players in the industry, such as PancakeSwap and Uniswap, continue to dominate. It is noteworthy that the former unexpectedly became the leader of the sector, although just a few weeks ago it hardly ranked in the top 5 by trading volume among all popular DEX. The popularity of the exchange is linked to the growing interest in meme cryptocurrencies based on the BNB Chain.