10 Best DEXs 2025: Recommended Decentralized Exchanges with High Volume & Liquidity

Bittime - Decentralized Exchanges (DEXs) will continue to grow rapidly in 2025, becoming the primary choice for crypto traders who prioritize full control over their assets.

According to CoinMarketCap data, the top 10 DEXs are currently dominated by platforms with high volume, high liquidity, and competitive feature innovation.

This article will review the 10 best DEXs of 2025 based on 24-hour volume ranking, market share, and number of supported markets.

Top 10 DEXs of 2025

1. Hyperliquid

With a trading volume of over $15 billion per 24 hours and a market share of nearly 28%, Hyperliquid holds the top spot. 

This DEX supports over 220 markets and is known for its high liquidity and user-friendly interface for professional traders.

2. Aster

Aster commands a 16% market share with a volume of approximately $9.2 billion. Based on an order book, Aster offers a trading experience similar to a centralized exchange, yet remains decentralized.

Read Also: Aster vs Hyperliquid: Which One Is More Promising Now?

3. PancakeSwap v2 (BNB Chain)

As a popular DEX on the BNB Chain, PancakeSwap v2 remains strong, with $8 billion in volume and support for over 1,800 markets. Its low fees and extensive ecosystem make it a top choice for retail users.

4. PumpSwap

PumpSwap takes fourth place by volume $3.4 billion. Although relatively new compared to PancakeSwap or Uniswap, PumpSwap is starting to attract attention with its aggressive liquidity pools.

5. PancakeSwap v3 (BNB Chain)

The latest version of PancakeSwap offers liquidity efficiency and concentrated liquidity features. With volume $3.35 billion, this DEX supports more than 1,000 markets.

6. Uniswap v3 (Ethereum)

Uniswap v3 on Ethereum remains a global DEX icon. Despite its relatively smaller volume ($963 million) Compared to PancakeSwap, Uniswap has a strong reputation and advanced features that many competitors have copied.

7. Uniswap v3 (BNB Chain)

Uniswap is also present on the BNB Chain with a volume of around$866 millionThis version appeals to traders who want to access Uniswap's innovations at lower costs than the Ethereum mainnet.

Read Also: Uniswap Launches V4: Here Are Its Advantages, Must Know!

8. Aerodrome SlipStream

With volume $863 millionAerodrome SlipStream is rapidly growing in the DeFi ecosystem. Its focus is on providing a fast, low-cost trading experience.

9. Orderly

Launched in October 2022, Orderly recorded a volume of $809 millionWith 132 markets, this DEX has grown consistently and is trusted as a multichain alternative.

10. Orca (Solana)

Orca is one of the leading DEXs in the Solana ecosystem with a volume of $770 millionand over 1,000 markets. Solana's transaction speed makes Orca a choice for traders seeking low costs.

Read Also: Soaring in Popularity, Here Are the Top 5 DEXs for Meme Coin Trading!

How to Choose the Best DEX?

Before using any of the 10 DEXs above, please pay attention to the following factors:

• Volume & Liquidity→ the larger the volume, the smaller the risk of slippage.
• Mechanism Type (Swap vs Orderbook)→ orderbook is more suitable for professional traders, swap is easier for beginners.
• Transaction Fees→ different chains have different fees (Ethereum vs BNB vs Solana).
• Market Size & Multichain Support→ make sure the DEX supports the tokens you frequently use.
• Security & Audit→ choose a proven and audited DEX to reduce the risk of smart contract exploits.

DEX Train 2025

• Multi-Chain Dominance: PancakeSwap & Uniswap expand to multiple chains.
• Orderbook On-Chain: Like Aster & Orderly which rival the CEX model.
• Cross-chain Swaps: Solutions for more seamless cross-chain exchanges.
• Institutional Liquidity: Large volumes in Hyperliquid & Aster indicate the entry of big players.

Read Also: 5 Decentralized Exchange (DEX) Solana Teratas

Conclusion

According to CoinMarketCap data, Hyperliquid, Aster, and PancakeSwap v2 will dominate the DEX market in 2025.

But the best choice still depends on your needs: whether you're looking for low fees, multi-chain access, or a robust ecosystem like Ethereum or Solana.

How to Buy Crypto on Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Also, visit the Bittime Blog for interesting updates and educational information about the crypto world. Find reliable articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.

FAQ

What is the best DEX for beginners?

PancakeSwap v2 is often recommended for beginners due to its simple interface and low transaction fees.

Why does Hyperliquid dominate volume?

Hyperliquid offers high liquidity, a wide market, and features that attract professional traders, making it a top choice.

Is Aster safe to use?

Aster is orderbook-based and has been widely used since 2021, but it is still important to check the protocol's audits and reputation.

Which is better, Uniswap or PancakeSwap?

Uniswap excels on Ethereum with feature innovation, while PancakeSwap is more cost-friendly on the BNB Chain.