Here Are the Top DEXes on the 5 Most Active Blockchains (2024)

by BSCN

February 7, 2023

Ethereum, BNB Chain, Arbitrum, Polygon, Avalanche

Decentralized Exchanges (DEX) are, of course, an integral part of the crypto sector. With the collapse of Sam Bankman-Fried’s FTX/Alameda empire and other high-profile incidences involving Centralized Exchanges, DEXes have gained even more attention in the past year.

Here is a quick overview of the five most active blockchains, in terms of 7-day DEX volume, and the biggest DEX on each of those chains, according to data from DefiLlama.

1. Ethereum ($10.91B)

• Top DEX: Uniswap
• 7-Day Volume: $7.63 billion
• Share of Total DEX Volume on Chain: 70%

2. BNB Chain ($2.54B)

• Top DEX: PancakeSwap
• 7-Day Volume: $2.13 billion
• Share of Total DEX Volume on Chain: 84%

3. Arbitrum ($1.55B)

• Top DEX: Uniswap
• 7-Day Volume: $881 million
• Share of Total DEX Volume on Chain: 57%

4. Polygon ($1.17B)

• Top DEX: Uniswap
• 7-Day Volume: $631 million
• Share of Total DEX Volume on Chain: 54%

5. Avalanche ($662M)

• Top DEX: Trader Joe
• 7-Day Volume: $302 million
• Share of Total DEX Volume on Chain: 46%

While those figures might not be surprising to Decentralized Finance (DeFi) buffs, it gives an idea of the weight classes of the major contenders in the developing Battle of the DEXes on BNB Chain, as Uniswap, Trader Joe and a host of native challengers are seeking to topple PancakeSwap from its long-held position atop the blockchain.

The chefs at PancakeSwap are responding with plans of their own, most notably a v3 upgrade on BNB Chain as well as expansionary expeditions to other chains, including Ethereum and Aptos.

What is BNB Chain:

Previously known as the Binance Smart Chain (BSC), BNB Chain is a community-driven, decentralized, and censorship-resistant blockchain that is powered by Binance. It consists of BNB Beacon Chain and BNB Smart Chain, EVM compatible and facilitating a multi-chain ecosystem. Through the concept of MetaFI, BNB Chain aims to build the infrastructure to power the world’s parallel virtual ecosystem.

Find more about BNB Chain here:

Website | Twitter | Discord | Telegram | GitHub |

What is PancakeSwap:

PancakeSwap is a Decentralized Exchange (DEX) built on BNB Chain and available multichain on Ethereum and Aptos. It offers users various features such as Liquidity Pools (LPs), swapping, yield farming, Syrup Pools, an Automated Market Maker, Initial Farm Offerings (IFOs), an NFT profile system, and other tools. In addition, the protocol helps users make the most out of their crypto assets by trading, earning through yield farming, and winning via lottery, prediction, and NFT collectibles. With the highest trading volumes in the market, PancakeSwap is the leading DEX on BNB Chain.

Where to find PancakeSwap:

Website | Twitter | Medium | GitHub |

What is Uniswap:

Uniswap was launched in November 2018 and has grown to become the largest decentralized exchange in its category. It was built 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 is attributable to Uniswap as it provided the market-making utility for Web3 apps to function in a decentralized environment. The platform consistently records daily trade volumes of over half a billion dollars and has a total volume locked (TVL) of more than $3 billion. The platform has traded over $1 trillion since it launched via over 129 million transactions.

Where to find Uniswap:

Website | Twitter | Discord |