The decentralized change (DEX) market is rising exponentially and billions of {dollars} in commerce quantity are saved on totally different blockchains.
The speed of adoption is rising, and extra merchants are keen to make the most of decentralized exchanges as an alternative of the standard centralized ones; subsequently, main blockchains have change into more and more aggressive.
Solana Outpaces All Rivals in Buying and selling Volume
Primarily based on new information launched by Phoenix Group, Solana is now the highest blockchain by month-to-month decentralized change (DEX) quantity.
Solana has an astonishing 117.8 billion in buying and selling exercise. Having 52.8 million energetic addresses and complete worth locked (TVL) of 24.1 billion, the management of Solana is indicative of its sturdy ecosystem growth as a result of low cost of transactions and wealthy liquidity reserves.
Ethereum Retains Its Affect With Excessive TVL
Though Ethereum is second with a buying and selling quantity of $86.6 billion, it stays unchallenged by way of complete worth locked. It has shot to the highest in TVL with a determine of 159.3 billion that’s a number of occasions that of some other blockchain.
Ethereum has 9.7 million energetic addresses, and it attracts institutional and retail DeFi exercise, with assist from its complete protocols ecosystem. Though Solana is essentially the most energetic in buying and selling, Ethereum TVL highlights its function because the pillar of decentralized finance.
BNB Chain and Base Push Into Prime DEX Rankings
BNB Chain ranked third with a month-to-month DEX quantity of $75.2 billion. It additionally claimed of 46.2 million energetic addresses and TVL of $9.5 billion.
Proper behind it, the Coinbase Base blockchain recorded a DEX exercise of 41.7 billion and 23.1 million energetic addresses. Its 4.8 billion TVL displays its fast adoption, with Base being among the many fastest-growing Layer 2 entrants.
Arbitrum, Hyperliquid, and Unichain Increase Market Share
Arbitrum emerged as the highest scaling answer to Ethereum, having 3.9 million energetic addresses, together with $20.6 billion in month-to-month quantity and $3.2 billion TVL, which cemented its management.
Hyperliquid, being a newcomer, took in $16.9 billion volumes and $4.5 billion TVL, and that is sturdy contemplating it has solely the mere deal with information energetic. Unichain, in the meantime, claimed $14.8 billion trades, 156,400 energetic addresses, and $518.6 million TVL, demonstrating the curiosity of merchants in various ecosystems.
Sui, Avalanche, and Aptos See Notable Development
The excessive stage of retail participation is marked by Sui recording 25.1 million energetic addresses, buying and selling quantity of $14.4 billion and TVL of $2.7 billion. Avalanche had a quantity of $7.8 billion and 615,000 energetic addresses, in addition to $2.4 billion TVL.
Aptos trailed behind with its trades of $5.8 billion, 10.5 million energetic addresses, and $1 billion TVL, which displays regular development within the rising Layer 1 platforms that search to disrupt incumbents.
Polygon, Tron, Close to, Sonic, and Sei Spherical Out the Listing
Polygon has made 7.1 million addresses and a small $1.1 billion TVL, recording $4 billion quantity in DEX regardless of the excessive competitors. Tron traded $3.7 billion and held a stable 15 million energetic addresses, and with a stable TVL of $6.3 billion. Close to Protocol confirmed spectacular unfold of adoption by registering $1.7 billion trades, 51.2 million addresses, and $338 million TVL.
Sonic, a smaller participant, had captured $1.7 billion in month-to-month quantity, 159.5K addresses, and $513.8 million TVL. Sei, reporting a buying and selling of 1.4 billion and a TVL of $615 million, lacked any deal with information, although its excessive presence demonstrates its area of interest standing as a high-performance buying and selling chain.
Conclusion
The 2025 rankings present a aggressive DeFi surroundings with Solana on the entrance in uncooked buying and selling exercise, Ethereum main in locked capital and newer entrants like Base, Hyperliquid and Sei making their mark.
The decentralized buying and selling (DEX) section with billions in quantity distributed throughout plenty of blockchains just isn’t declining in velocity, thus predetermining an much more aggressive race within the final quarter of the 12 months.
