Decentralized exchange rankings in 2025

The top five decentralized exchange rankings in 2025 are: 1. Uniswap, 2. SushiSwap, 3. PancakeSwap, 4. Curve Finance, 5. dYdX. These DEXs have performed outstandingly in terms of trading volume, number of users, liquidity and innovation.

Ranking of decentralized exchanges in 2025

In 2025, decentralized exchanges (DEXs) play an increasingly important role in the cryptocurrency market. With the continuous development of decentralized finance (DeFi), many DEXs not only provide traditional transaction services, but also integrate a variety of financial instruments and services. The following is the ranking of decentralized exchanges in 2025, which is evaluated based on multiple dimensions such as transaction volume, number of users, liquidity and innovation.

Uniswap

Uniswap, one of the pioneers of decentralized exchanges, remains the leader in 2025. Uniswap's success lies in its automated market makers (AMM) model, which allows users to trade through liquidity pools without the need for traditional order books. As of 2025, Uniswap's transaction volume and user count remain the industry leader.

Uniswap's innovation is reflected in its ever-elevated versions, such as the launch of Uniswap V3, which allows users to manage liquidity more flexibly. In addition, Uniswap also supports cross-chain transactions, further expanding its ecosystem. In order to better understand how to use Uniswap, here are some basic operating steps:

• Visit Uniswap's official website or use its mobile app.
• Connect your Ethereum account, such as MetaMask.
• Select the token pair you want to trade, such as ETH/USDT.
• Enter the amount you want to trade and confirm the transaction.
• Wait for transactions to be confirmed on the blockchain.

Mainstream Bitcoin Exchanges in 2025:

Ouyi official website:

Binance official website:

gate.io official website:

bitget official website:

Sesame Open Door Official Website:

SushiSwap

SushiSwap is another decentralized exchange that performed well in 2025. SushiSwap was originally a fork of Uniswap, but has added many unique features in the process of development, such as user rewards programs and community governance. SushiSwap's transaction volume and user count have steadily grown in 2025, becoming a strong contender for Uniswap.

SushiSwap is unique in its community-driven approach that allows users to participate in the platform’s decision-making process by voting. In addition, SushiSwap has launched a lending platform called Kashi, further expanding its service scope. The steps to use SushiSwap to trade are as follows:

• Visit the official SushiSwap website or use its mobile app.
• Connect your Ethereum account, such as MetaMask.
• Select the token pair you want to trade, such as SUSHI/ETH.
• Enter the amount you want to trade and confirm the transaction.
• Wait for transactions to be confirmed on the blockchain.

PancakeSwap

PancakeSwap is the leading decentralized exchange on Binance Smart Chain (BSC). In 2025, PancakeSwap has attracted a large number of users with its low transaction fees and fast transaction speed. Its transaction volume and user count dominate the BSC ecosystem.

PancakeSwap not only provides token exchange services, but also launches functions such as farms to increase user participation. The steps to use PancakeSwap to trade are as follows:

• Visit the official PancakeSwap website or use its mobile app.
• Connect to your BSC account, such as Trust Wallet.
• Choose the token pair you want to trade, such as CAKE/BNB.
• Enter the amount you want to trade and confirm the transaction.
• Wait for transactions to be confirmed on the blockchain.

Curve Finance

Curve Finance focuses on stablecoins trading and continues to maintain its leading position in this field in 2025. Curve is designed to maximize the efficiency of stablecoin trading and reduce slippage and transaction fees. Curve's trading volume occupies an important position in the stablecoin market.

Curve's innovation is reflected in its algorithm design, which can efficiently handle large transactions. Curve also supports trading pairs of multiple stablecoins, increasing its flexibility. The steps to use Curve to trade are as follows:

• Visit Curve Finance official website.
• Connect your Ethereum account, such as MetaMask.
• Choose the stablecoin pair you want to trade, such as DAI/USDC.
• Enter the amount you want to trade and confirm the transaction.
• Wait for transactions to be confirmed on the blockchain.

dYdX

dYdX is a decentralized exchange focusing on derivatives trading which saw significant growth in 2025. dYdX provides a variety of financial products such as futures and perpetual contracts, attracting a large number of professional traders. Its trading volume and user number occupies an important position in the derivatives market.

The innovation of dYdX is reflected in its efficient trading engine and powerful risk management system. dYdX also supports leveraged trading, increasing its appeal. The steps to use dYdX to trade are as follows:

• Visit the official dYdX website or use its mobile app.
• Connect your Ethereum account, such as MetaMask.
• Choose the derivatives you want to trade, such as the ETH perpetual contract.
• Enter the amount and leverage multiple you want to trade and confirm the transaction.
• Wait for transactions to be confirmed on the blockchain.

Frequently Asked Questions

Q: How safe is the decentralized exchange?

The security of decentralized exchanges mainly depends on the security of blockchain technology and smart contracts. Since there is no centralized server, users' funds are usually stored in their own accounts, reducing the risk of being hacked. However, users still need to pay attention to the security of smart contracts and the management of private keys.

Q: What is the transaction fee for a decentralized exchange?

Decentralized exchanges usually have lower transaction fees than centralized exchanges because they do not require high operating costs. The specific fee depends on the blockchain used and the design of the exchange. For example, Uniswap's transaction fee is usually 0.3%, while PancakeSwap's transaction fee is even lower, usually 0.2%.

Q: Does decentralized exchanges support fiat currency trading?

Most decentralized exchanges do not directly support fiat currency trading because they focus mainly on exchanges between cryptocurrencies. However, some DEXs provide fiat currency portals through cooperation with third-party services. For example, some platforms allow users to purchase cryptocurrencies via bank transfer or credit card and then trade on DEX.

Q: How to choose a decentralized exchange that suits you?

When choosing a decentralized exchange, multiple factors need to be considered, including transaction volume, liquidity, supported token types, transaction fees, user interface and community support, etc. Choose a DEX that performs well in these areas, based on your needs and preferences. For example, if you trade stablecoins primarily, Curve Finance may be a good choice; if you are interested in derivatives, dYdX is better for you.

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