Decentralized exchanges (DEXs) are a cornerstone of the cryptocurrency ecosystem, enabling peer-to-peer trading without intermediaries. As of July 8, 2025, the total market capitalization for DEX coins is $12.00 billion, with a modest daily change of +0.12%. This article highlights some of the top DEX coins by market cap, showcasing their performance and key metrics to help you navigate the decentralized trading landscape.
Why Choose Decentralized Exchanges?
DEXs offer several advantages over centralized exchanges:
- Control: Users retain custody of their funds, reducing the risk of hacks or mismanagement.
- Privacy: Most DEXs require minimal personal information, ensuring greater anonymity.
- Accessibility: DEXs operate globally, often without geographic restrictions.
- Innovation: Many DEXs integrate cutting-edge features like automated market makers (AMMs) and liquidity pools.
Below is a curated list of the top-performing DEX coins based on market capitalization, with insights into their recent performance.
Top Decentralized Exchange Coins
Here are the leading DEX coins as of July 8, 2025, ranked by market capitalization:
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Uniswap (UNI)
- Price: $7.54
- Market Cap: $4.54 billion
- 24H Volume: $347.03 million
- Performance: Up +2.72% in the last 24 hours and +7.71% over the past week, Uniswap remains the dominant DEX, known for its robust AMM model and wide token support.
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Jupiter (JUP)
- Price: $0.43
- Market Cap: $1.28 billion
- 24H Volume: $39.31 million
- Performance: Down -3.01% in 24 hours and -3.35% over the week, Jupiter is a key player in the Solana ecosystem, offering fast and low-cost swaps.
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PancakeSwap (CAKE)
- Price: $2.26
- Market Cap: $780.30 million
- 24H Volume: $34.71 million
- Performance: Stable in the last 24 hours (0.00%) but slightly down -0.88% over the week, PancakeSwap is a leading DEX on Binance Smart Chain, popular for its low fees.
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Curve DAO (CRV)
- Price: $0.51
- Market Cap: $696.45 million
- 24H Volume: $84.11 million
- Performance: Up +0.96% in 24 hours, but down -1.96% weekly, Curve specializes in stablecoin swaps with minimal slippage.
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Raydium (RAY)
- Price: $2.19
- Market Cap: $586.51 million
- 24H Volume: $67.68 million
- Performance: Down -0.90% daily but up +5.80% weekly, Raydium leverages Solana’s high-speed infrastructure for efficient trading.
Emerging DEX Coins to Watch
While the top five dominate by market cap, several smaller DEX coins show promising performance:
- 1inch (1INCH): Priced at $0.20 with a market cap of $278.37 million, it boasts a strong +4.40% daily and +16.17% weekly performance, making it a standout for aggregation and cost-efficient swaps.
- CoW Protocol (COW): At $0.31 and a $150.76 million market cap, it shows a robust +5.25% daily and +12.04% weekly gain, focusing on intent-based trading for better pricing.
- VVS Finance (VVS): With a market cap of $103.52 million, its price of $0.00 (fractional) has surged +13.37% in both 24 hours and the past week, indicating strong momentum on the Cronos chain.
Key Observations
- Market Leaders: Uniswap continues to lead with a significant gap in market cap, reflecting its established position and high trading volume.
- Volatility: Coins like VVS Finance and 1inch show significant weekly gains, suggesting potential for short-term growth.
- Diverse Ecosystems: DEXs operate across various blockchains, with PancakeSwap on Binance Smart Chain, Raydium and Jupiter on Solana, and Uniswap on Ethereum, offering users flexibility based on their preferred network.