If you’re into crypto or just curious about how people are trading without using traditional banks or brokers, then decentralized exchanges (DEXs) are for you. These platforms have completely changed the way we think about trading crypto.
Just recently, most decentralized exchanges even support anonymous trading without you opening an account. This has exploded the numbers behind DEXs. For instance, massive trading volumes are now becoming a norm.
These top DEX (Decentralized Exchange) statistics in 2025 come with some pretty big surprises. You won’t want to miss what’s been happening so far.
Recommended reading: 20 Best Decentralized Crypto Exchange in 2024 (Ranked)
Here are the top Decentralized Exchange (DEX) statistics for 2024:
- Decentralized exchanges (DEXs) reached a 15.7% quarter-on-quarter increase in spot trading volume, with $370.7 billion in Q2 2024.
- Uniswap remains the leading DEX by trading volume, accounting for around 55% of all DEX transactions in 2024, followed by PancakeSwap and Curve.
- The average daily trading volume across all DEXs is approximately $4.93 billion, up from $4 billion in 2023.
- There are over 800 decentralized exchanges.
- The average transaction fee on DEXs in 2024 is approximately 0.2%, which is lower than the typical centralized exchange fee of 0.5%–1%.
- There are over 1.5 million active liquidity providers on DEX platforms globally.
- There are over 10,000 unique tokens listed on DEX platforms.
- The total number of DEX transactions is expected to exceed 800 million by the end of 2024, representing a 25% growth from 2023.
- The number of unique DEX users is forecasted to surpass 7 million by the end of 2024, an increase from 5.5 million in 2023.
- DEX governance tokens, such as UNI, SUSHI, and CAKE, have a combined market capitalization of $35 billion in 2024.
Decentralized exchanges (DEXs) reached $370.7 billion in Q2 2024
This number shows the total amount of cryptocurrency traded on DEXs in 2024. This highlights the growing use of decentralized exchanges as more people trade through them instead of centralized platforms. In a nutshell, DEXs are becoming popular.
By the end of 2024, this number could continue growing if DEXs keep improving security and user experience.
Top DEX by Volume: Uniswap (55%)
Uniswap remains the largest decentralized exchange, processing over half of all DEX trades. This dominance shows its strong reputation, high liquidity, and ease of use. Uniswap is likely to remain a leader but could face competition as newer DEXs improve their features.
Average Daily Trading Volume: $4.93 billion
On average, DEXs handle almost $5 billion in daily trades. And these DEXs daily trading volume might rise as crypto markets recover from bearish trends, and DEXs become more user-friendly.
Number of DEXs: Over 800
Over 800 decentralized exchanges are operating in 2024. The competition in DEXs keeps increasing yearly, but only those offering better security and liquidity may thrive.
Average transaction fee for DEX Fees is 0.2%
The average transaction fee on DEXs is around 0.2%, which is cheaper than fees on centralized exchanges. These lower fees make DEXs more attractive to traders, especially those with smaller transactions.
Over 1.5 million people provide liquidity on DEXs
Over 1.5 million people provide liquidity on DEXs, enabling smooth and efficient trading. Liquidity providers ensure that users can trade quickly without large price fluctuations. This number is expected to increase as more people seek to earn passive income through decentralized finance (DeFi).
Over 10,000 Unique Token Listings
There are over 10,000 unique tokens available on DEXs in 2024, reflecting the open nature of these platforms. Compared to CEXs, DEXs gives users access to smaller and newer projects. Fun fact? Token listings could grow as more projects opt for decentralized platforms for their initial offerings.
DEX Transaction Growth: 800 million+
DEX transactions are expected to exceed 800 million by the end of 2024, up 25% from 2023. The growth rate could accelerate if DeFi continues to expand, driving more on-chain activity.
More than 7 million people will have used DEXs by the end of 2024
More than 7 million people will have used DEXs by the end of 2024, compared to 5.5 million in 2023. This growing user base reflects the increasing popularity and accessibility of decentralized exchanges. The user base will likely expand further as DEX interfaces improve and onboarding becomes easier.
Recommended reading: Comparison Between Centralized and Decentralized Crypto Exchanges
Governance Token Market Cap: $35 billion
Governance tokens like UNI, SUSHI, and CAKE have a combined market value of $35 billion. These tokens give holders voting power over DEX decisions, reflecting the decentralized nature of these platforms. As more people get involved in DEX governance, the value of these tokens could rise, especially if DEXs introduce more features tied to token ownership.
Just in case you’re wondering what Decentralized exchanges are, and how they differ from Centralized exchanges, continue reading.
What Are Decentralized Exchanges?
Decentralized exchanges (DEXs) are platforms that allow users to trade cryptocurrencies directly with one another, without the need for intermediaries like banks or brokers. They operate on blockchain technology. This means that trades are processed automatically through smart contracts, ensuring transparency and security.
Unlike centralized exchanges, where trades go through a single point of control, DEXs offer a peer-to-peer trading experience that puts users in control of their assets at all times.There is no single entity in charge.
While CEXs typically offer faster transaction times and more liquidity, DEXs provide greater security, anonymity, and control over your assets. There is lower risk of hacks and data breaches since there’s no central authority managing user funds. However, DEXs may have slower transaction speeds and lower liquidity in comparison.
Conclusion
These top DEX (Decentralized Exchange) statistics reveal that decentralized exchanges are growing rapidly, driven by the demand for privacy, control, and lower fees. If current trends continue, DEXs will take an even larger share of the crypto market by the end of 2024, competing strongly with centralized exchanges.
Frequently Asked Questions
The main difference between a DEX (Decentralized Exchange) and a CEX (Centralized Exchange) is the DEX allows users to trade directly from their wallets without an intermediary, while a CEX requires users to deposit funds and trade through the platform’s servers.
DEX fees are typically lower than CEX fees because there are no centralized operators, and trades happen directly on the blockchain, reducing the need for intermediaries and their associated costs.
You can earn passive income on a DEX by providing liquidity to DEX pools by depositing tokens, earning a share of transaction fees and sometimes additional rewards in the form of governance tokens.
