The top 3 decentralized exchanges right now

Decentralized exchanges (DEXs) are a vital component of the DeFi ecosystem. Firstly, they allow users to swap tokens easily from one another. Secondly, they provide liquidity to the category.

The hype around yield farming affected exchanges deeply too. That is why it is compelling to have a look at top contributors to space right now.

Within this overview we will have a look at the top 3 decentralized exchanges right now through the lens of active wallets, total value locked, and from the perspective of the price of the native token.

Key takeaways

• Despite the pressure of Sushiswap, Uniswap regained the leader position.
• More than $2 billion is locked up in Uniswap now.
• Sushiswap’s total value locked has plummeted from $1.5 billion to $500 million within a few weeks.
• The Balancer protocol is the third most used decentralized exchange right now with around $500 million in TVL.

Read & learn more about the most popular decentralized exchanges right now