The decentralized change (DEX) market has not too long ago seen vital adjustments in weekly buying and selling volumes. As of October 23, 2025, the overall weekly buying and selling quantity of prime decentralized exchanges reached $86.18 billion. Regardless of this massive quantity, a notable lower of roughly 29.99% in weekly buying and selling quantity was noticed.
#High weekly buying and selling quantity of decentralized exchanges
#Uniswap #PancakeSwap #Meteora #Airfield #Radium #Orca #Curve #Hyperliquid #Sushi pic.twitter.com/Dy4YRVLFFf— Phoenix – Crypto Information and Evaluation (@pnxgrp) October 23, 2025
Such a decline is indicative of a extra normal development within the DEX market, which may be influenced by quite a lot of elements, together with market sentiment, regulatory adjustments, and technological adjustments within the decentralized finance (DeFi) business.
Uniswap leads with most buying and selling quantity
Uniswap, a big decentralized change by way of buying and selling quantity, continues to dominate with 39.7 billion buying and selling volumes over the previous seven days. Nonetheless, amid the general market downturn, energetic buying and selling on Uniswap exhibits that Uniswap stays the preferred DEX. Whole Worth Locked (TVL) was $5.44 billion, as soon as once more establishing its place out there.
The liquidity and buying and selling pairs obtainable on Uniswap have attracted a variety of customers and are the muse of the decentralized monetary ecosystem. Using exchanges is solidified by the truth that completely different protocols are built-in, facilitating excessive liquidity and 24-hour buying and selling. Due to this fact, regardless of the fluctuations, Uniswap stays a robust participant within the business, and its lead is prone to proceed regardless of the decline in whole weekly buying and selling quantity.
PancakeSwap and different exchanges preserve presence
PancakeSwap had the second-highest buying and selling quantity over the previous week with $17.71 billion. PancakeSwap has a TVL of $2.63 billion and stays the main platform, having fun with low pricing and excessive throughput. PancakeSwap, one of many largest exchanges on Binance Good Chain, attracts a number of customers who need to swap to an Ethereum change. The change's stability, even when buying and selling volumes have declined, is an indicator of its giant consumer base and relevance within the decentralized change market.
Different outstanding exchanges on the listing embody Meteor and Aerodrome, with buying and selling volumes of $8.01 billion and $4.92 billion, respectively. TVL was additionally good, with $1.08 billion and $825.45 million for Meteor and Aerodrome, respectively. These trades show that the DeFi area is continually altering in its variety and being outsourced by new platforms. It’s step by step being changed out there.
Raydium, Orca, Curve, Hyperliquid, and Sushi additionally occupy the highest exchanges, however buying and selling exercise and TVL ranges differ, that means the market is aggressive and quicker moderately than slower. A working example: Curve, which makes a speciality of decentralized buying and selling of stablecoins, recorded a buying and selling quantity of $2.4 billion.
