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DEX Tokens

Decentralized-exchange tokens. Value accrues with trading volume and fees, so they tend to heat up when on-chain activity and volatility spike.

Combined market cap

$37.56B

28 tracked coins

24h change (mcap-weighted)

▴ 0.30%

24h volume $3.35B

Top gainer 24h

DEEP

▴ 11.08%

Top loser 24h

LIT

▾ 4.18%

Quick answer: Crypto Data API tracks 28 coins in its DEX Tokens category, with a combined market cap of $37.56B. The largest is Hyperliquid (HYPE) at $20.42B, followed by Uniswap (UNI) and Aster (ASTER). Over the last 24 hours the category moved +0.30% on a market-cap-weighted basis.

DEX Tokens by market cap

#	Coin	Price	24h	7d	Market cap	24h volume
11	H HyperliquidHYPE	$93.66	▾ 0.03%	▴ 6.24%	$20.42B	$1.29B
23	U UniswapUNI	$9.27	▾ 1.02%	▴ 15.59%	$5.68B	$912.6M
52	A AsterASTER	$0.7417	▴ 0.80%	▾ 5.09%	$1.92B	$108.2M
55	P Pump.funPUMP	$0.003986	▾ 1.05%	▾ 4.84%	$1.83B	$160.9M
72	L LighterLIT	$4.97	▾ 4.18%	▴ 0.88%	$1.24B	$118.5M
77	J JupiterJUP	$0.3161	▴ 5.78%	▴ 26.54%	$1.02B	$100.7M
85	C PancakeSwapCAKE	$2.73	▴ 4.84%	▴ 10.97%	$875.7M	$134.9M
96	A Aerodrome FinanceAERO	$0.7516	▴ 2.47%	▴ 17.70%	$695.3M	$52.4M
105	R RaydiumRAY	$2.04	▴ 2.86%	▴ 35.10%	$550.2M	$123.9M
108	C Curve DAOCRV	$0.3455	▴ 3.77%	▴ 3.10%	$541.4M	$74.8M
120	P PendlePENDLE	$2.62	▴ 7.89%	▴ 6.86%	$445.8M	$87.5M
124	F Falcon FinanceFF	$0.1367	▴ 1.90%	▴ 4.47%	$430.2M	$12.5M
146	G GnosisGNO	$114.26	▴ 0.21%	▾ 0.37%	$301.6M	$2.8M
182	R THORChainRUNE	$0.6400	▴ 2.72%	▴ 26.23%	$209.0M	$47.1M
191	E edgeXEDGE	$0.5575	▾ 2.32%	▾ 11.07%	$195.1M	$3.9M
196	M MeteoraMET	$0.3310	▾ 3.81%	▴ 44.18%	$185.3M	$28.1M
225	S SynthetixSNX	$0.2590	▴ 10.83%	▴ 19.79%	$151.0M	$14.7M
232	1 1INCH1INCH	$0.1015	▴ 1.05%	▴ 8.17%	$140.0M	$21.3M
266	D dYdXDYDX	$0.1351	▴ 4.02%	▴ 8.64%	$113.0M	$3.4M
285	Z 0x ProtocolZRX	$0.1225	▴ 1.92%	▴ 10.32%	$102.6M	$6.1M
299	O OrcaORCA	$1.61	▴ 3.08%	▴ 12.97%	$96.0M	$12.2M
320	O o1.exchangeO	$0.5384	▾ 0.78%	▾ 4.33%	$86.1M	$3.1M
321	G GMXGMX	$8.18	▴ 1.08%	▴ 8.90%	$84.5M	$3.7M
325	C CoW ProtocolCOW	$0.1469	▴ 3.37%	▴ 5.51%	$83.1M	$3.4M
368	S SushiSUSHI	$0.2584	▴ 1.99%	▴ 9.47%	$73.4M	$9.9M
467	D DeepBookDEEP	$0.0210	▴ 11.08%	▴ 33.75%	$52.5M	$9.8M
715	O OsmosisOSMO	$0.0375	▴ 4.78%	▴ 9.53%	$29.5M	$2.8M
1380	B BalancerBAL	$0.1229	▴ 1.20%	▴ 4.57%	$8.6M	$341,380

Sorted by market-cap rank. Prices are a ~30-minute delayed public preview; the API serves them in real time.

What are DEX Tokens?

DEX tokens belong to decentralised exchanges, the protocols where users swap tokens directly from their own wallet against on-chain liquidity pools or order books. Uniswap, PancakeSwap, Raydium, Curve, Jupiter and Aerodrome are the best-known examples.

The business model is simple: every swap pays a fee. DEX tokens therefore tend to heat up when on-chain trading volume spikes, for example during memecoin seasons and sharp volatility.

What moves DEX Tokens

Trading volume

Swap volume, and the DEX's share of it against centralised exchanges, drives fee revenue.

Fee switch

Whether a share of LP fees is directed to token holders is often the single biggest value-accrual question.

Chain activity

A DEX is tied to its chain's activity. Raydium and Jupiter track Solana, and PancakeSwap tracks BNB Chain.

Emissions

Liquidity-mining rewards attract TVL but add sell pressure.

Key risks

Volume is cyclical and falls sharply in quiet markets.
Fee competition from aggregators and new AMMs compresses margins.
Regulatory scrutiny of front-ends and token listings.

Get this category via API

The same list, with live prices, market cap, rank and 24h/7d change, is one call away. It returns every curated category, so filter on id: "dex". It works from scripts, trading bots and AI agents (REST, MCP server or x402 pay-per-call).

curl -H "X-API-Key: YOUR_KEY" \
  "https://cryptodataapi.com/api/v1/coins/category-groups?limit=28"

API docs · Get a free key · AI agent quickstart

DEX Tokens FAQ

What is a DEX token?

A DEX token is the governance and/or fee-sharing token of a decentralised exchange, such as UNI for Uniswap, CAKE for PancakeSwap or RAY for Raydium.

How do DEX tokens accrue value?

Mostly through trading fees. Some DEXs route part of swap fees to token stakers or buybacks. Others are governance-only, in which case value depends on the expectation of turning on a fee switch.

Which DEX has the most volume?

Uniswap has historically led on Ethereum and its Layer 2s. Solana DEXs routed via Jupiter (Raydium, Meteora, Orca) and PancakeSwap on BNB Chain often rival it during their chains' busy periods.

Categories are editorial groupings over CoinGecko classifications plus hand-picked tickers. Informational only, not investment advice.