Is DEX trading broad—or one crowded lane?

Trading rose across most comparable venues

These are tracked on-chain DEX venues. Prediction markets, trading apps and overlapping router totals are separate. Gross trading does not tell us how many people traded or whether buyers added net money.

Uniswap V3$1.6B
Uniswap V4$1.4B
PancakeSwap AMM V3$905.4M
PumpSwap$488.3M
Aerodrome Slipstream$478.4M
Hyperliquid Spot Orderbook$390.4M
BisonFi$378.3M
Raydium AMM$363.7M
Tracked DEX trading · 24h$10.1B775 on-chain venues
Seven days$57.8BSame 775 venues
Thirty days$265.9BSame 775 venues
Daily change · matched venues+18.1%Same 773 venues in both days
Leading protocolUniswap V3$1.6B
Leader share16.0%Of all tracked daily trading
Top-three share39.1%Same full tracked total
Protocols rising442 of 632Only venues with comparable days

Which venues drove the day?

The largest fifteen are shown below; each share uses all 775 tracked venues, not just these rows. A busy venue may still have thin liquidity or repeated trading.

Venue24 hours7 days30 daysDaily changeTracked share
Uniswap V3$1.6B$9.6B$36.9B+35.4%16.0%
Uniswap V4$1.4B$10.4B$43.0B-4.8%14.1%
PancakeSwap AMM V3$905.4M$4.1B$21.4B+65.9%9.0%
PumpSwap$488.3M$2.9B$18.7B+48.3%4.8%
Aerodrome Slipstream$478.4M$2.6B$13.8B+33.4%4.7%
Hyperliquid Spot Orderbook$390.4M$1.3B$5.6B+65.8%3.9%
BisonFi$378.3M$1.9B$9.3B+0.0%3.8%
Raydium AMM$363.7M$2.1B$7.5B+29.6%3.6%
Orca DEX$318.8M$1.3B$7.9B+87.1%3.2%
HumidiFi$281.6M$1.2B$2.8B+0.0%2.8%
Meteora DLMM$239.4M$1.3B$6.3B+34.5%2.4%
Tessera V$227.4M$1.1B$4.8B+0.0%2.3%
PancakeSwap Infinity$190.8M$1.6B$7.0B-6.0%1.9%
Fluid DEX$165.9M$715.6M$3.4B+32.6%1.6%
Metric V2$162.0M$1.0B$5.7B+9.3%1.6%

Which networks carried the trading?

6 of six selected networks returned readings. Shares compare only these network rows and the same tracked DEX list, not the whole market. Daily change compares venues present on both days. Incomplete longer totals stay unavailable.

Network24 hours7 days30 daysMatched daily changeShown-network share
Solana$2.9B$14.8B$75.6B+20.8% (44 venues)39.5%
Ethereum$1.4B$8.3B$38.2B+6.7% (79 venues)19.4%
BSC$1.3B$6.9B$36.1B+33.5% (92 venues)16.9%
Base$1.0B$5.8B$29.1B+37.5% (85 venues)13.8%
Hyperliquid$507.7M$2.0B$10.6B+33.6% (36 venues)6.8%
Arbitrum$267.9M$1.4B$6.4B+68.2% (76 venues)3.6%

Remove the largest venue.

Uniswap V3 supplies 16.0% of all tracked daily trading. Without it, the remaining venues record $8.5B. That is the amount left after removing the leader, not an estimate of fresh money.

What broke—and what did not.

Selected past incidents show why the exact product matters. These are historical records, not a list of currently vulnerable pools or a complete incident history.

Raydium AMM v4 · 16 December 2022

A compromised administrator account allowed funds to be taken from eight pools. Raydium said its concentrated-liquidity pools and staking programs were not affected by this incident. Administrative control was the problem; trading activity would not have exposed it.

Read Raydium’s incident account ↗

KyberSwap Elastic · 22 November 2023

The exploit affected Elastic’s pool accounting. That is a different product from the aggregator that finds routes across exchanges. An incident attached to one product must not become a claim about every product under its name.

Read KyberSwap’s incident account ↗

Balancer V2 · 3 November 2025

The incident affected particular Composable Stable Pools in V2. Balancer’s account says V3 was not affected by this attack. A shared brand does not mean shared vulnerable code.

Read Balancer’s incident account ↗

These incidents are not automatically assigned to token-search results. That requires the same network, deployed contract and affected version.

A busy pool can still have a broken contract.

Decentralised exchanges introduce different questions: who can change the code, whether a pool can handle your trade, and what a past exploit affected. Trading volume cannot answer those questions.

Which risks need a separate check?

The exact contract

Did an incident affect this deployed version, a different pool, the website or a connected bridge? The name alone is not enough.

The pool you use

How far would your trade move the price? Total pool value can look large while the usable liquidity is small.

Who can change it

Can someone upgrade the contract, pause withdrawals or alter fees? A code review does not remove those powers.

What changed after a loss

Was the fault fixed, was a new contract deployed and were users repaid? An old exploit and an unresolved exploit mean different things.

This page currently measures trading and pool readings. It does not publish an exploit-clearance or contract-safety score.

Check one token without symbol confusion.

Choose the network and paste the complete contract address. The result compares returned markets by price, gross trading and available liquidity. Transactions are not wallets, and gross trading is not net money.

Research by for Charlie Quant Lab · Updated