Short answer
The top three DEXs are Uniswap, PancakeSwap and Aero. Uniswap tops the list with about $3.6 billion TVL, $2.8 billion daily volume and $2.8 million in fees. PancakeSwap follows with roughly $2.2 billion TVL, $1.1 billion volume and $696 k fees. Aero ranks third with $333 million TVL, $923 million volume and $414 k fees.
Leaders
Uniswap sits at rank 1, covering 47 chains and showing a 7‑day TVL change of, 5%. Its activity score is boosted by the largest TVL and daily fees among all DEXs.
PancakeSwap holds rank 2 with 13 supported chains and a, 5% TVL shift over the week. Its volume and fees keep it solidly in the top tier.
Aero, at rank 3, operates on 16 chains and recorded a, 10% TVL change. Despite the drop, its high daily volume and fees secure a strong activity score.
The rest of the list
Ranks 4‑10 show a mix of deep liquidity providers and chain‑specific players. Curve Finance (rank 4) stands out with over $1.3 billion TVL and a broad 32‑chain presence. Orca (rank 5) and Raydium (rank 7) are Solana‑focused, each with under $300 million TVL but solid daily volumes.
Fluid (rank 6) and Meteora (rank 8) bring notable fee collections, especially Meteora’s $810 k in daily fees despite a modest TVL. THORChain DEX (rank 9) offers native cross‑chain swaps across 13 chains, while Jupiter (rank 10) combines a large TVL of $2.2 billion with a modest volume, highlighting a different activity profile.
How the ranking works
COINMAG builds an activity score from DefiLlama data, combining total value locked, 24‑hour trading volume and 24‑hour fees. The score is refreshed weekly using live numbers, so rankings can shift as any of those three metrics change.
The higher the TVL, volume and fees, the higher the activity score, which determines the order shown here.
What to check before using a DEX
Always read the official site of each exchange, review its security history and understand the fee structure. Verify that the service complies with regulations in your jurisdiction before trading.