DEX volume surges nearly 4x to $12.9B as memecoins return
The surge is broad but fragmented, with Base, Solana, Hyperliquid and Robinhood ecosystems each producing local gainers instead of one market-wide leader.
Every Zipp story tagged #DEX, newest first.
The surge is broad but fragmented, with Base, Solana, Hyperliquid and Robinhood ecosystems each producing local gainers instead of one market-wide leader.
The threshold puts decentralized trading back in focus, while sustained volume will decide whether this is a durable DeFi signal or a short-lived burst.
Asset coverage is becoming an adoption signal for decentralized derivatives, with activity extending into equity and commodity-linked markets.
The verdict challenges whether DeFi still delivers durable financial utility, liquidity and user demand, putting the sector’s builder-led growth narrative under pressure.
PancakeSwap has accumulated $3.1B in spot volume since 2026, underscoring the growing role of DEXs in tokenized-equity markets.
Spot markets and CEX futures also turned lower, making July's decline a broader crypto activity signal rather than a DEX-only move.
The milestone puts on-chain perpetuals at meaningful scale and raises the stakes for liquidity, execution and risk controls.
The gap cuts fee income and usable market depth, but fixing it exposes liquidity providers to transaction costs, execution risk and adverse price moves.
Over 30 newly launched DEXs and perp DEXs now reward real trading volume, a shift from speculative point farming toward volume-tied airdrop design.
The chain now sits behind only Solana and BNB in 24-hour on-chain trading volume, ahead of Base, Ethereum, Hyperliquid and Arbitrum.
Weekly on-chain recap: stablecoin supply turns positive for the first time in weeks, DEX spot volume recovers modestly while perps keep cooling, and corporate ETH accumulation from Bitmine offsets a…
A first-week $3.1B DEX print puts a brand-new L2 ahead of chains that took years to scale, but the real signal is the $300M stablecoin base already funding the activity.
Record DEX volume pairs with ~200K daily active addresses and a meme-coin launch wave, suggesting retail-driven throughput, not just one whale's flow.
Quarterly DEX fees just printed their lowest reading since 2023, the clearest signal yet that on-chain trading monetization has stalled well below the cycle high.
The protocol still runs, but the relayer powering its DEX goes dark, and LRC delistings earlier this year stripped it of the trading flow a non-EVM rollup needed to keep the lights on.
DEX fees alone fell 52.5% and NFT marketplaces shed 82.5%, suggesting the market is rotating out of peak speculation into a thinner, utility-driven baseline.
The exchange is betting that wrapping on-chain routing in a familiar buy/sell interface is the lever that pulls the next wave of users off CEX rails and into DEX liquidity — and Solana is just the…
A $10M-backed perps DEX with $1.2M left in TVL is calling it quits — yet another protocol casualty in a cycle where even recognized teams can't turn traction into revenue.
Aster DEX is stepping up its deflationary mechanics. Starting 12:00 PM UTC on June 17, ninety-nine percent of the…
DEX trading activity cooled sharply during the week of June 8–14, 2026, with spot volume down 40% week-over-week and…