The Decentralized Exchange (DEX) sector remains a significant share in the global cryptocurrency market. Recent data shows that Dex’s are flourishing despite market fluctuations, where pancakes retain his dominance as a leader in the weekly trade volume. From March 21, 2025, the total weekly trade volume for decentralized fairs was a robust $ 45.37 billion. However, the sector has seen a decrease of 26.56% in the volume compared to the previous week. Although the figures indicate a slight decrease, DEX’s centralized exchanges (CEXS) continue to exceed, with a market share of 25.54%.
Top #dentralalized exchanges per weekly trade volume
#Pancakeswap #uniswap #raydium #orca #curve #erodrome #cetus #hyperliquid #camelot pic.twitter.com/sxzilvpt8s– Phoenix – Crypto News & Analytics (@PNXGRP) March 21, 2025
According to the Phoenix Group, Pancakeswap continues to lead the decentralized exchange space, with an impressive weekly trade volume of $ 14.16 billion. The stock market has locked a total value (TVL) of $ 1.98 billion, with its substantial position in the ecosystem. The dominance of Pancakeswap can be attributed to the user -friendly interface, deep liquidity pools and robust support for a wide range of tokens. Despite the overall decline in the market, Pancakeswap has proved resilient, so that the substantial market share and strong trading activities are maintained.
Uniswap, raydium, orca, curve: dex leaders
Uniswap follows the foot behind pancake wap and protects second place in the ranking. The platform registered a weekly trade volume of $ 8.61 billion, with a TVL of $ 1.50 billion. The place of uniswap in the market is supported by its deep liquidity and consistent innovation in the decentralized financial space (Defi). The user base of the Exchange remains loyal, where his innovative token change mechanism is an important feature that floats its volume. Although Uniswap has had a slight decrease in the volume compared to previous weeks, the position as the market leader is still safe, where many traders depend on his stability.
Raydium, ORCA and Curve follow in the ranking, each of which demonstrates remarkable trading activities despite the general fall in the market. Raydium, with a weekly trade volume of $ 2.70 billion and a TVL of $ 346.26 million, continues to serve as a vital liquidity source on the Solana Blockchain. Orca and Curve also play essential roles in Defi, with trade volumes of $ 2.09 billion and $ 1.42 billion respectively. Curve’s innovative algorithmic stablecoin -pools and the focus on Stablecoin trade have received a solid supporter, while Orca benefits from its simple interface and liquidity optimization.
Aerodrome, Cetus, Hyperliquid, Camelot: Rising Stars
Aerodrome and CETUs represent the new Gulf of Dex’s that get a grip quickly. Aerodrome recorded a trade volume of $ 1.26 billion with a TVL of $ 190.29 million. Cetus, a relatively new player, placed a trade volume of $ 615 million and a TVL of $ 101.15 million. These platforms are increasingly seen as reliable alternatives for traders looking for diversity in their decentralized exchange options. Aerodrome’s focus on cross-chain liquidity and the competitive costs of CETUS have contributed to their growing popularity.
Hyperliquid and Camelot are also gaining strength, with trade volumes of $ 588 million and $ 587 million respectively. Although smaller than the leading platforms, these exchanges benefit from specific niches within the Defi Ecosystem. Hyperliquid’s focus on high-frequency trade and Camelot’s community-driven approach to governance helps them to strengthen unique positions in the Dex landscape. As the Defi space continues to evolve, these platforms can play more and more prominent roles in shaping the future of decentralized finances.
