DEX volume tracker
Track live DEX volume, 24-hour turnover, weekly change, and DEX volume Signals across decentralized exchanges using open DeFiLlama data.
What this page answers
Bathymark tracks DEX volume as flow rather than depth. The DEX page ranks venues by 24-hour trading volume and weekly change, while DEX Volume Surge Signals highlight venues turning over far more activity than their recent pace.
A DEX can be busy without being deep. Volume shows turnover and demand to trade, while liquidity depth shows how much capital the venue holds. Bathymark keeps those ideas separate.
A volume surge matters more when it lines up with fee growth, chain depth, or liquidity moving into the same venue. On its own, it can also be arbitrage, incentives, or a one-day liquidation event.
These pages carry the live readings and source trails behind this hub.
DEX volume is the dollar value of trades routed through decentralized exchanges over a period such as 24 hours.
No. Volume is activity. Depth is the liquidity a venue holds. Both matter, but they answer different questions.