Decentralized exchanges
Exchanges where trades settle on chain from the user's own wallet.
What it is
Exchanges where trades settle on chain, straight from the user's own wallet, with no account and no company holding the funds.
What they share
Revenue is trading fees, so every one of them lives on volume, and volume follows market activity: these tokens tend to be most sensitive to whether people are trading at all.
What separates them
- How trades are matched. Automated market makers trade against pooled liquidity (Uniswap, Curve, PancakeSwap, Aerodrome, Raydium); order-book exchanges match buyers and sellers, usually for perpetual futures (Hyperliquid, Aster); aggregators route a trade across many venues for the best price (Jupiter).
- Which chain they live on. Ethereum (Uniswap, Curve), BNB Chain (PancakeSwap), Base (Aerodrome), Solana (Raydium, Jupiter), or their own chain (Hyperliquid).
- What the token earns. Some route fees to holders or buy back the token; others are governance only.
By the numbers
The 11 members on today's board, 2 October 2026. Market data only; these move as the board changes.
- Combined market cap
- $35.28B · 1.4% of the board
- Largest member
- Hyperliquid HYPE
- Median member, 30 days
- +31.4% · Bitcoin +9.5% · 11 with enough history
- Median member, 90 days
- +79.3% · Bitcoin +35.5% · 11 with enough history
The 11 on today's board
By market cap. Updated 13m ago. Membership starts from CoinGecko's categories; a coin is listed when this category describes what it does, not merely what it is used for. Each coin's page shows its score; sign in free to see them side by side.
| # | Coin | Price | 24h | Market cap | 24h volume | Score |
|---|---|---|---|---|---|---|
| 11 |  Hyperliquid HYPE |
$88.95 | +1.1% | $19.78B | $857.5M | 🔒 |
| 23 |  Uniswap UNI |
$8.99 | -1.1% | $5.62B | $572.9M | 🔒 |
| 42 |  Pump.fun PUMP |
$0.0059 | +4.9% | $2.75B | $611.1M | 🔒 |
| 55 |  Aster ASTER |
$0.7360 | -0.7% | $1.99B | $113.0M | 🔒 |
| 76 |  Jupiter JUP |
$0.3240 | +0.9% | $1.08B | $83.9M | 🔒 |
| 82 |  Lighter LIT |
$3.66 | -7.5% | $914.8M | $97.2M | 🔒 |
| 86 |  PancakeSwap CAKE |
$2.55 | -1.7% | $843.2M | $69.3M | 🔒 |
| 88 |  Aerodrome Finance AERO |
$0.7764 | -2.7% | $775.8M | $48.0M | 🔒 |
| 107 |  Curve DAO CRV |
$0.3762 | -1.9% | $590.7M | $72.6M | 🔒 |
| 114 |  Raydium RAY |
$1.93 | +1.6% | $521.4M | $45.2M | 🔒 |
| 125 |  Pendle PENDLE |
$2.43 | +1.4% | $421.1M | $58.8M | 🔒 |
Other categories: Layer 1 blockchains · Layer 2 networks · DeFi · Lending and borrowing · AI tokens · Meme coins · Real-world assets · DePIN · Exchange tokens · Infrastructure