A decentralized exchange (DEX) lets people trade tokens directly from their own wallets through smart contracts, with no central venue taking custody for the swap. Bathymark ranks DEXes by reported turnover and links each venue to its protocol TVL context, which is not an execution-depth measurement.

What is DEX volume, and how is it different from liquidity?

Volume is the reported gross value traded through a venue over a window, here 24 hours. Executable liquidity requires pool-specific reserves, route depth, price impact, and slippage. Protocol TVL is broader nominal balance context, not a substitute for those execution measures.

What does 24-hour DEX volume tell you?

It shows where on-chain trading activity is concentrated right now and which venues are gaining or losing turnover week over week. It is an activity read, not a depth read, and never a signal to buy or sell.

Where does Bathymark's DEX data come from?

Current or last validated 24-hour volume and weekly change come from the open, keyless DeFiLlama API. Each venue links to its protocol page for nominal TVL, fee, revenue, and source context. That page does not claim pool-level execution depth unless a separate source supplies it.

sounding open dataReading the waterlineLive sources are loading. Nothing is filled with placeholder market data.

turnover, not execution depth

DEXes, by volume

$6.23B in reported trades appears across these venues for the last day. This is gross turnover, not net flow, organic demand, or executable depth. Ranked by 24-hour volume.

What this page answers

Bathymark tracks current or last validated DEX volume as turnover, not liquidity depth or net capital flow. This page ranks decentralized exchanges by 24-hour turnover and weekly change, then links volume pressure back to nominal protocol TVL where the venue has a matching page.

DEX volume tracker DEX Volume Surge signal What a DEX is

DEX volume tracker

Where swaps are loud

$6.23B24h decentralized exchange volume

People search for DEX volume to see where reported on-chain trading activity is concentrated. Volume is turnover, not safety, net inflow, organic demand, or executable liquidity.

Read DEX signal

At a glance

source status: Live
venues: 100
rising 7d: 60 of 100 observed
top venue: Uniswap V4

Breakdown

Uniswap V4: $809.13M
Uniswap V3: $746.57M
PancakeSwap AMM V3: $526.38M
PumpSwap: $335.38M
Aerodrome Slipstream: $329.08M
Kalshi: $320.79M

DEX	Category	24h volume	7d
1Uniswap V4	Dexs	$809.13M	+30.6%
2Uniswap V3	Dexs	$746.57M	+8.0%
3PancakeSwap AMM V3	Dexs	$526.38M	-7.1%
4PumpSwap	Dexs	$335.38M	-54.1%
5Aerodrome Slipstream	Dexs	$329.08M	-27.4%
6Kalshi	Prediction Market	$320.79M	-1.8%
7BisonFi	Dexs	$216.14M	+60.5%
8PancakeSwap AMM	Dexs	$189.33M	+131.7%
9PancakeSwap Infinity	Dexs	$185.26M	+67.6%
10Metric V2	Dexs	$174.35M	+90.1%
11HumidiFi	Dexs	$161.21M	+200.4%
12Orca DEX	Dexs	$132.21M	+9.4%
13Raydium AMM	Dexs	$100.43M	+30.6%
14Curve DEX	Dexs	$97.19M	-21.9%
15Meteora DLMM	Dexs	$95.35M	+19.5%
16pump.fun	Launchpad	$86.05M	+22.0%
17Fluid DEX	Dexs	$84.57M	+59.0%
18Tessera V	Dexs	$78.23M	-65.8%
19NEAR Intents	Bridge	$75.77M	+4.7%
20Manifest Trade	Dexs	$74.86M	-5.0%
21Axiom	Trading App	$73.46M	+19.8%
22Flashnet	Dexs	$61.8M	-22.7%
23GMGN	Telegram Bot	$59.27M	-51.7%
24Hyperliquid Spot Orderbook	Dexs	$58.95M	+4.7%
25Polymarket International	Prediction Market	$52.29M	-11.2%
26Native Swap	Dexs	$51.57M	-87.8%
27SolFi V2	Dexs	$48.79M	-14.3%
28GoonFi	Dexs	$43.88M	-44.9%
29Project X	Dexs	$40.39M	-13.3%
30OraiDEX	Dexs	$39.58M	+2736858.8%
31fomo Wallet	Trading App	$37.15M	-16.3%
32Unit	Bridge	$36.91M	+43.4%
33AlphaQ	Dexs	$36.27M	-10.1%
34Dexalot DEX	Dexs	$35.49M	+17.9%
35Aquifer	Dexs	$32.59M	+125.0%
36Kuru CLOB	Dexs	$30.8M	+291.1%
37Ekubo	Dexs	$30.62M	+51.3%
38Scorch	Dexs	$28.76M	-23.7%
39SUNSwap V3	Dexs	$26.57M	-35.6%
40Lista DEX	Dexs	$25.33M	+60.9%
41edgeX Spot	Dexs	$23.29M	+5.0%
42THORChain DEX	Dexs	$22.92M	+31.7%
43Deriverse	Dexs	$22.04M	+52.6%
44ThalaSwap V3	Dexs	$19.2M	-7.0%
45Uniswap V2	Dexs	$18.49M	+11.7%
46Topaz CL	Dexs	$18.35M	-0.5%
47four.meme	Launchpad	$17.06M	+532.5%
48Figure Markets Exchange	OTC Marketplace	$17.02M	+133.4%
49Jupiterz	Dexs	$16.62M	-25.7%
50Hashflow	DEX Aggregator	$16.26M	+37.9%
51Velodrome V3	Dexs	$16.05M	+23.7%
52Pharaoh V3	Dexs	$15.73M	-21.6%
53FermiSwap	Dexs	$15.24M	+139.5%
54OPINION	Prediction Market	$15.19M	-13.0%
55Saphyre V3	Dexs	$12.96M	+16.4%
56Pharaoh DLMM	Dexs	$12.49M	+9.3%
571inch Aqua	Dexs	$12.4M	+786.1%
58Terminal	Telegram Bot	$12.26M	+7.0%
59nest CL	Dexs	$11.78M	-8.5%
60Pendle	Yield	$11.6M	+1.3%
61Quickswap Dex	Dexs	$11.14M	-22.9%
62DODO AMM	Dexs	$10.91M	+127.2%
63Flap sh	Launchpad	$10.88M	-90.7%
64Ramses CL V2	Dexs	$10.33M	+20.0%
65Hanji Protocol	Dexs	$9.98M	+117.7%
66up v3	Dexs	$9.38M	+298.5%
67Arcus Spot	Dexs	$8.83M	+84.1%
68Meteora Dynamic Bonding Curve	Launchpad	$7.94M	+24.2%
69Chainflip AMM	Dexs	$7.87M	-21.1%
70Rhea Dex	Dexs	$6.83M	+28.0%
71Cetus CLMM	Dexs	$6.76M	+3.8%
72DeepBook V3	Dexs	$6.53M	+20.0%
73Byreal	Dexs	$6.44M	-16.5%
74LetsCash	Launchpad	$6.33M	+197.3%
75Metric V1	Dexs	$5.91M	-3.3%
76Temple	Dexs	$5.8M	+5.5%
77ElfomoFi	Dexs	$5.8M	+14.4%
78Archer Exchange	Dexs	$5.47M	-56.9%
79Aster Spot	Dexs	$5.27M	+0.7%
80Nexo Card	Crypto Card Issuer	$5.2M	-60.2%
81Quickswap V3	Dexs	$4.94M	-23.0%
82WOOFi Swap	Dexs	$4.81M	-25.4%
83Balancer V3	Dexs	$4.8M	+62.5%
84Predict Fun	Prediction Market	$4.79M	-11.8%
85Bluefin Spot	Dexs	$4.61M	+9.1%
86Courtyard	Physical TCG	$4.41M	-29.3%
870x	DEX Aggregator	$4.27M	-33.6%
88Ring Swap	Dexs	$4.22M	-31.2%
89Meteora DAMM V2	Dexs	$4.19M	+1.4%
90LiquidCore	Dexs	$4.15M	+8.4%
91Lighter Spot	Dexs	$3.98M	+29.3%
92Trojan	Telegram Bot	$3.84M	-25.8%
93Lunarbase	Dexs	$3.75M	-36.1%
94EtherFi Cash Liquid	Crypto Card Issuer	$3.48M	-2.3%
95Aerodrome V1	Dexs	$3.45M	+7.6%
96PulseX V1	Dexs	$3.14M	+58.5%
97SushiSwap V3	Dexs	$3.04M	+14.8%
98Lotus Finance	Dexs	$3M	+9.7%
99Tokenlon AMM	Dexs	$2.95M	+36.4%
100PulseX V2	Dexs	$2.88M	+50.2%

Reported volume via the open DeFiLlama API. Source status: Live. Nominal TVL and other protocol context live on the protocol page.

DEX volume, in plain language

What the numbers on this page mean, and what they do not.

What is a DEX?: A decentralized exchange (DEX) lets people trade tokens directly from their own wallets through smart contracts, with no central venue taking custody for the swap. Bathymark ranks DEXes by reported turnover and links each venue to its protocol TVL context, which is not an execution-depth measurement.
What is DEX volume, and how is it different from liquidity?: Volume is the reported gross value traded through a venue over a window, here 24 hours. Executable liquidity requires pool-specific reserves, route depth, price impact, and slippage. Protocol TVL is broader nominal balance context, not a substitute for those execution measures.
What does 24-hour DEX volume tell you?: It shows where on-chain trading activity is concentrated right now and which venues are gaining or losing turnover week over week. It is an activity read, not a depth read, and never a signal to buy or sell.
Where does Bathymark's DEX data come from?: Current or last validated 24-hour volume and weekly change come from the open, keyless DeFiLlama API. Each venue links to its protocol page for nominal TVL, fee, revenue, and source context. That page does not claim pool-level execution depth unless a separate source supplies it.

turnover, not execution depth

DEXes, by volume

$6.23B in reported trades appears across these venues for the last day. This is gross turnover, not net flow, organic demand, or executable depth. Ranked by 24-hour volume.

What this page answers

DEX volume tracker DEX Volume Surge signal What a DEX is

DEX volume tracker

Where swaps are loud

$6.23B24h decentralized exchange volume

People search for DEX volume to see where reported on-chain trading activity is concentrated. Volume is turnover, not safety, net inflow, organic demand, or executable liquidity.

Read DEX signal

At a glance

source status: Live
venues: 100
rising 7d: 60 of 100 observed
top venue: Uniswap V4

Breakdown

Uniswap V4: $809.13M
Uniswap V3: $746.57M
PancakeSwap AMM V3: $526.38M
PumpSwap: $335.38M
Aerodrome Slipstream: $329.08M
Kalshi: $320.79M

DEX	Category	24h volume	7d
1Uniswap V4	Dexs	$809.13M	+30.6%
2Uniswap V3	Dexs	$746.57M	+8.0%
3PancakeSwap AMM V3	Dexs	$526.38M	-7.1%
4PumpSwap	Dexs	$335.38M	-54.1%
5Aerodrome Slipstream	Dexs	$329.08M	-27.4%
6Kalshi	Prediction Market	$320.79M	-1.8%
7BisonFi	Dexs	$216.14M	+60.5%
8PancakeSwap AMM	Dexs	$189.33M	+131.7%
9PancakeSwap Infinity	Dexs	$185.26M	+67.6%
10Metric V2	Dexs	$174.35M	+90.1%
11HumidiFi	Dexs	$161.21M	+200.4%
12Orca DEX	Dexs	$132.21M	+9.4%
13Raydium AMM	Dexs	$100.43M	+30.6%
14Curve DEX	Dexs	$97.19M	-21.9%
15Meteora DLMM	Dexs	$95.35M	+19.5%
16pump.fun	Launchpad	$86.05M	+22.0%
17Fluid DEX	Dexs	$84.57M	+59.0%
18Tessera V	Dexs	$78.23M	-65.8%
19NEAR Intents	Bridge	$75.77M	+4.7%
20Manifest Trade	Dexs	$74.86M	-5.0%
21Axiom	Trading App	$73.46M	+19.8%
22Flashnet	Dexs	$61.8M	-22.7%
23GMGN	Telegram Bot	$59.27M	-51.7%
24Hyperliquid Spot Orderbook	Dexs	$58.95M	+4.7%
25Polymarket International	Prediction Market	$52.29M	-11.2%
26Native Swap	Dexs	$51.57M	-87.8%
27SolFi V2	Dexs	$48.79M	-14.3%
28GoonFi	Dexs	$43.88M	-44.9%
29Project X	Dexs	$40.39M	-13.3%
30OraiDEX	Dexs	$39.58M	+2736858.8%
31fomo Wallet	Trading App	$37.15M	-16.3%
32Unit	Bridge	$36.91M	+43.4%
33AlphaQ	Dexs	$36.27M	-10.1%
34Dexalot DEX	Dexs	$35.49M	+17.9%
35Aquifer	Dexs	$32.59M	+125.0%
36Kuru CLOB	Dexs	$30.8M	+291.1%
37Ekubo	Dexs	$30.62M	+51.3%
38Scorch	Dexs	$28.76M	-23.7%
39SUNSwap V3	Dexs	$26.57M	-35.6%
40Lista DEX	Dexs	$25.33M	+60.9%
41edgeX Spot	Dexs	$23.29M	+5.0%
42THORChain DEX	Dexs	$22.92M	+31.7%
43Deriverse	Dexs	$22.04M	+52.6%
44ThalaSwap V3	Dexs	$19.2M	-7.0%
45Uniswap V2	Dexs	$18.49M	+11.7%
46Topaz CL	Dexs	$18.35M	-0.5%
47four.meme	Launchpad	$17.06M	+532.5%
48Figure Markets Exchange	OTC Marketplace	$17.02M	+133.4%
49Jupiterz	Dexs	$16.62M	-25.7%
50Hashflow	DEX Aggregator	$16.26M	+37.9%
51Velodrome V3	Dexs	$16.05M	+23.7%
52Pharaoh V3	Dexs	$15.73M	-21.6%
53FermiSwap	Dexs	$15.24M	+139.5%
54OPINION	Prediction Market	$15.19M	-13.0%
55Saphyre V3	Dexs	$12.96M	+16.4%
56Pharaoh DLMM	Dexs	$12.49M	+9.3%
571inch Aqua	Dexs	$12.4M	+786.1%
58Terminal	Telegram Bot	$12.26M	+7.0%
59nest CL	Dexs	$11.78M	-8.5%
60Pendle	Yield	$11.6M	+1.3%
61Quickswap Dex	Dexs	$11.14M	-22.9%
62DODO AMM	Dexs	$10.91M	+127.2%
63Flap sh	Launchpad	$10.88M	-90.7%
64Ramses CL V2	Dexs	$10.33M	+20.0%
65Hanji Protocol	Dexs	$9.98M	+117.7%
66up v3	Dexs	$9.38M	+298.5%
67Arcus Spot	Dexs	$8.83M	+84.1%
68Meteora Dynamic Bonding Curve	Launchpad	$7.94M	+24.2%
69Chainflip AMM	Dexs	$7.87M	-21.1%
70Rhea Dex	Dexs	$6.83M	+28.0%
71Cetus CLMM	Dexs	$6.76M	+3.8%
72DeepBook V3	Dexs	$6.53M	+20.0%
73Byreal	Dexs	$6.44M	-16.5%
74LetsCash	Launchpad	$6.33M	+197.3%
75Metric V1	Dexs	$5.91M	-3.3%
76Temple	Dexs	$5.8M	+5.5%
77ElfomoFi	Dexs	$5.8M	+14.4%
78Archer Exchange	Dexs	$5.47M	-56.9%
79Aster Spot	Dexs	$5.27M	+0.7%
80Nexo Card	Crypto Card Issuer	$5.2M	-60.2%
81Quickswap V3	Dexs	$4.94M	-23.0%
82WOOFi Swap	Dexs	$4.81M	-25.4%
83Balancer V3	Dexs	$4.8M	+62.5%
84Predict Fun	Prediction Market	$4.79M	-11.8%
85Bluefin Spot	Dexs	$4.61M	+9.1%
86Courtyard	Physical TCG	$4.41M	-29.3%
870x	DEX Aggregator	$4.27M	-33.6%
88Ring Swap	Dexs	$4.22M	-31.2%
89Meteora DAMM V2	Dexs	$4.19M	+1.4%
90LiquidCore	Dexs	$4.15M	+8.4%
91Lighter Spot	Dexs	$3.98M	+29.3%
92Trojan	Telegram Bot	$3.84M	-25.8%
93Lunarbase	Dexs	$3.75M	-36.1%
94EtherFi Cash Liquid	Crypto Card Issuer	$3.48M	-2.3%
95Aerodrome V1	Dexs	$3.45M	+7.6%
96PulseX V1	Dexs	$3.14M	+58.5%
97SushiSwap V3	Dexs	$3.04M	+14.8%
98Lotus Finance	Dexs	$3M	+9.7%
99Tokenlon AMM	Dexs	$2.95M	+36.4%
100PulseX V2	Dexs	$2.88M	+50.2%

Reported volume via the open DeFiLlama API. Source status: Live. Nominal TVL and other protocol context live on the protocol page.

DEX volume, in plain language

What the numbers on this page mean, and what they do not.

What is a DEX?: A decentralized exchange (DEX) lets people trade tokens directly from their own wallets through smart contracts, with no central venue taking custody for the swap. Bathymark ranks DEXes by reported turnover and links each venue to its protocol TVL context, which is not an execution-depth measurement.
What is DEX volume, and how is it different from liquidity?: Volume is the reported gross value traded through a venue over a window, here 24 hours. Executable liquidity requires pool-specific reserves, route depth, price impact, and slippage. Protocol TVL is broader nominal balance context, not a substitute for those execution measures.
What does 24-hour DEX volume tell you?: It shows where on-chain trading activity is concentrated right now and which venues are gaining or losing turnover week over week. It is an activity read, not a depth read, and never a signal to buy or sell.
Where does Bathymark's DEX data come from?: Current or last validated 24-hour volume and weekly change come from the open, keyless DeFiLlama API. Each venue links to its protocol page for nominal TVL, fee, revenue, and source context. That page does not claim pool-level execution depth unless a separate source supplies it.