List of Decentralized Exchanges by Blockchain: 2026 Leaders
Last Updated: September 15, 2026
This list of decentralized exchanges ranks the leading DEX on each major blockchain as of September 15, 2026. Uniswap handles 57% of Ethereum's 30-day DEX volume, PancakeSwap 67% of BNB Chain's, Aerodrome 50% of Base's and PumpSwap 25% of Solana's, while EVEDEX settles perpetual futures on Arbitrum L2 and Hyperliquid runs its own chain.
Most traders do not choose a DEX in the abstract. They already hold assets on a network, use a non-custodial wallet built for it and want the venue with the deepest pools there. That is why this list is organized by blockchain rather than by brand: the table shows which exchange leads each network, how much of that network's volume it captures, what it charges and where it falls short. Spot AMMs, order-book perpetual venues and a cross-chain swap network appear side by side, so check the type column before comparing numbers, and remember that swaps in public EVM mempools are exposed to MEV. For a broader ranking of the same market by fees and TVL, see our list of decentralized crypto exchanges.
List of Decentralized Exchanges by Blockchain
The first row, EVEDEX, is a perpetual futures venue on Arbitrum L2 rather than a spot AMM; see how the EVEDEX perp DEX matches and settles orders.
| Exchange | Blockchain and type | Activity and share | Trading fees | Drawbacks |
|---|---|---|---|---|
| EVEDEX | Arbitrum L2 settlement; hybrid order book for perpetual futures with off-chain matching | $678.6M open interest and $647.6M 24-hour volume across 52 perpetual pairs | 0.015% maker and 0.045% taker; funding calculated every 8 hours and charged hourly | No spot swaps or liquidity pools, only 52 pairs |
| Uniswap | Ethereum mainnet leader; AMM with v2, v3 and v4 pools, also deployed on Base and Arbitrum | $23.1B on Ethereum over 30 days, 57% of the network's DEX volume, and $2.34B TVL there | 0.30% on v2 pools; v3 tiers of 0.01%, 0.05%, 0.30% and 1%; v4 pools set their own fee | Mainnet gas makes small swaps costly, and anyone can open a pool for a scam token |
| PancakeSwap | BNB Chain leader; AMM with v2, v3 and Infinity pools | $25.0B on BNB Chain over 30 days, 67% of the network's DEX volume, and $2.20B TVL there | 0.25% on v2 pools; v3 tiers of 0.01%, 0.05%, 0.25% and 1% depending on the pair | Liquidity outside BNB Chain is thin, with $22.1M on Base, and listings include many low-quality tokens |
| PumpSwap | Solana leader by volume; constant-product AMM for coins graduating from pump.fun | $19.24B over 30 days, 25% of Solana's $75.8B DEX volume, with $329.2M TVL | 0.30% to 1.25% total fee depending on the coin's market cap | Highest fees land on low-cap coins, and most pools hold meme coins with rug-pull risk |
| Aerodrome | Base leader; AMM with veAERO voting and stable, volatile and Slipstream concentrated pools | $13.98B over 30 days, 50% of Base's $28.2B DEX volume, with $322.1M TVL | 0.05% on stable pools and 0.30% on volatile pools by default; Slipstream tiers from 0.01% to 1% | Runs only on Base, and much of its liquidity follows AERO emissions directed by veAERO voters |
| Hyperliquid | Hyperliquid L1, its own chain; order books for perpetual futures and spot | $14.18B open interest across 404 perpetual pairs; $5.10B spot volume over 30 days | 0.015% maker and 0.045% taker on perps at the base tier; 0.04% and 0.07% on spot | Funds must be bridged to a separate chain, and its validators voted to delist the JELLY market in March 2025 |
| GMX | Arbitrum and Avalanche; oracle-priced perpetuals traded against GM liquidity pools | $203.3M TVL in GMX V2; $31.8M open interest and $21.9M 24-hour volume on Arbitrum | 0.04% or 0.06% to open or close, plus price impact and an hourly borrow fee | Borrow fees build up on long holds, and it trails Uniswap on Arbitrum, which takes 77% of spot DEX volume |
| THORChain | Its own network with vaults on each chain; swaps native BTC, ETH, LTC and other coins without wrapping | $1.04B over 30 days, with $55.9M TVL across its pools | Slip-based liquidity fee that grows with swap size, plus an outbound fee covering destination gas | Small pools make large swaps expensive, and the outbound fee multiplier moves between about 1x and 3x |
Data as of September 15, 2026. Volume, share of chain volume and TVL: DefiLlama chain dashboards for Ethereum, BNB Chain, Solana, Base and Arbitrum. Open interest and 24-hour volume of perpetual venues: CoinGecko. Fees: EVEDEX, Uniswap, PancakeSwap, PumpSwap, Aerodrome, Hyperliquid, GMX and THORChain documentation.
Why Each Blockchain Has Its Own Leading DEX
Liquidity does not move freely between networks. A token on BNB Chain cannot trade in an Ethereum pool without a bridge, and every bridge adds a fee, a delay and its own smart contract risk. As a result, each network tends to concentrate volume in one or two venues that attracted liquidity early and kept it.
The size of those networks differs a lot. Over the 30 days to September 15, 2026, DefiLlama recorded $75.8 billion of DEX volume on Solana, $40.3 billion on Ethereum, $37.4 billion on BNB Chain, $28.2 billion on Base and $6.1 billion on Arbitrum. Concentration differs too. PancakeSwap takes two thirds of BNB Chain volume and Uniswap more than three quarters on Arbitrum, while Solana is fragmented: PumpSwap leads with a quarter, and BisonFi, Orca and Raydium follow with $6.6 billion to $8.8 billion each.
The type of product matters as much as the chain. Spot AMMs let you swap tokens you will hold. Perpetual venues such as Hyperliquid, GMX and EVEDEX let you take leveraged long or short positions without holding the asset. THORChain solves a third problem: swapping native coins across chains that do not share smart contracts, for example real BTC for ETH.
How to Use This List to Pick a DEX
Start from where your assets are, then narrow down by what you want to do with them.
- Match the network Use the leading DEX on the chain where your tokens already sit. Bridging just to reach a slightly lower fee usually costs more than it saves.
- Match the wallet EVM networks such as Ethereum, BNB Chain, Base and Arbitrum work with MetaMask or Rabby. Solana needs Phantom or Solflare. A non-custodial wallet keeps the keys with you on every one of them.
- Match the product Decide between a spot swap, a leveraged perpetual position or a cross-chain swap before comparing fees. The numbers in the table are not comparable across those types.
- Check volume share A venue with a large share of its chain's volume usually has the deepest pools for common pairs. A small share can still be fine for a niche pair if that pool is deep.
- Price the whole trade Add the pool fee, network gas, any bridge cost and price impact at your size. On perpetual venues, add funding and, on GMX, borrow fees for the time you hold.
- Watch execution risk Public mempools on EVM chains expose swaps to front-running and sandwich attacks, a form of MEV. Set a tight slippage limit on volatile pairs.
Spot Pools, Order Books and Cross-Chain Swaps Compared
AMM venues on this list, Uniswap, PancakeSwap, PumpSwap and Aerodrome, all price trades from pool balances. Their fee tiers look similar, from 0.01% on pegged pairs to 1% or more on volatile tokens, but the effective cost depends on how much liquidity sits near the current price. Aerodrome adds a governance layer: veAERO voters direct token emissions to pools, which pulls liquidity toward the pairs they favor.
Order-book venues work differently. Hyperliquid runs its order books on its own chain, and EVEDEX matches orders off-chain before settling them on Arbitrum. Both let you place limit orders, pay maker and taker fees rather than a pool fee, and trade perpetual contracts with funding payments between longs and shorts. GMX sits between the two models: prices come from oracles, and traders open positions against a shared liquidity pool.
THORChain is the outlier. It holds native assets in vaults on each supported chain and pairs every coin with its RUNE token, so a BTC-to-ETH swap moves through two pools. Its liquidity fee rises with swap size relative to pool depth, which is fair for small swaps and costly for large ones, and it offers streaming swaps that split a big order over time.
EVEDEX on Arbitrum: What It Offers and What It Doesn't
EVEDEX is a hybrid exchange for perpetual futures. Orders are matched off-chain on an order book, and settlement runs on-chain on Arbitrum L2. You connect a wallet, deposit at least 6 USDT as margin and trade 52 perpetual pairs: 39 crypto markets plus US stocks, gold, silver, WTI oil, EUR/USD, USD/JPY, two pre-market contracts and an SPY index contract, all open around the clock.
Fees are 0.015% for makers and 0.045% for takers, and cashback on your own trades can reach 35%. Leverage reaches 200x on BTC-USD, ETH-USD and SOL-USD for positions up to $50,000 notional, while other pairs are capped at 100x, 75x, 50x or lower. CertiK has completed two smart contract audits of EVEDEX, the latest delivered on July 28, 2025. The limits are just as specific: there are no spot swaps, liquidity pools or LP rewards, positions use cross margin only, and the pair list is a fraction of Hyperliquid's 404. See how the EVEDEX perp DEX matches and settles orders. Perpetual futures carry a high risk of loss.
