Find out what are the biggest DEXs on Ethereum, BNB Chain, Arbitrum, Polygon and Avalanche. Did you guess Uniswap, PancakeSwap and Trader Joe?
Ethereum, BNB Chain, Arbitrum, Polygon, Avalanche
Decentralized exchanges (DEX) are of course an integral part of the crypto sector. DEXs have garnered even more attention over the past year with the collapse of Sam Bankman-Fried’s FTX/Alameda empire and other high-profile incidents involving centralized exchanges.
Here is a quick rundown of the five most active blockchains in terms of 7-day DEX volume and the largest DEX on each of those chains, according to data from DefiLlama.
1. Ethereum ($10.91 billion)
- Highest DEX: Uniswap
- 7-day volume: $7.63 billion
- Share of total DEX volume on chain: 70%
2. BNB chain ($2.54 billion)
- Highest DEX: pancake swap
- 7-day volume: $2.13 billion
- Share of total DEX volume on chain: 84%
3rd decision ($1.55 billion)
- Highest DEX: Uniswap
- 7-day volume: $881 million
- Share of total DEX volume on chain: 57%
4. Polygon ($1.17B)
- Highest DEX: Uniswap
- 7-day volume: 631 million dollars
- Share of total DEX volume on chain: 54%
5. Avalanche ($662 million)
- Highest DEX: Trader Joe
- 7-day volume: $302 million
- Share of total DEX volume on chain: 46%
While these numbers may not come as a surprise to DeFi (Decentralized Finance) fans, they do give a sense of the weight classes of the main contenders in the evolving battle of DEXes on the BNB chain, as Uniswap, Trader Joe and a host of domestic challengers attempt Plunge PancakeSwap from its long-held position at the top of the blockchain.
PancakeSwap chefs are responding with plans of their own, most notably a v3 upgrade to BNB Chain, as well as expansion expeditions to other chains, including Ethereum and Aptos.
What is the BNB chain:
BNB Chain, formerly known as Binance Smart Chain (BSC), is a community-driven, decentralized, and censorship-resistant blockchain powered by Binance. It consists of BNB Beacon Chain and BNB Smart Chain, which are EVM compatible and enable a multi-chain ecosystem. Through the concept of MetaFI, BNB Chain aims to build the infrastructure to operate the world’s parallel virtual ecosystem.
You can find out more about the BNB chain here:
Website | Twitter | discord | Telegram | GitHub |
What is PancakeSwap:
PancakeSwap is a decentralized exchange (DEX) built on top of BNB Chain and available as a multichain on Ethereum and Aptos. It offers users various features such as Liquidity Pools (LPs), Swaps, Yield Farming, Syrup Pools, an Automated Market Maker, Initial Farm Offerings (IFOs), an NFT Profile system, and other tools. Additionally, the protocol helps users get the most out of their crypto assets by trading, earning through yield farming, and winning through lottery, prediction, and NFT collectibles. With the highest trading volume in the market, PancakeSwap is the leading DEX on the BNB chain.
Where to find PancakeSwap:
Website | Twitter | Medium | GitHub |
What is Uniswap:
Launched in November 2018, Uniswap has grown to become the largest decentralized exchange in its category. It was developed open-source on the Ethereum blockchain and uses the AMM model to facilitate Ethereum ERC-20 token swaps. Uniswap
Much of the progress made in Ethereum-based DeFi expansion can be attributed to Uniswap, as it provided the market-making utility for Web3 apps to function in a decentralized environment. The platform consistently sees over half a billion dollars in daily trading volumes and has over $3 billion in total locked volume (TVL). The platform has traded over $1 trillion with over 129 million transactions since launch.
Where to find Uniswap:
Website | Twitter | discord |
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