DEX Weekly Trading Volume Drops 3.24% to $62.39 Billion

Decentralized exchanges (DEXs) recorded a weekly trading volume of $6.239 billion as of 10:20 a.m. on January 18, according to DefiLlama, marking a 3.24% decrease from the previous week. The volume has shown a gradual downward trend over the past week.

24-hour trading volume stood at approximately $902.4 million, with DEXs accounting for about 27.67% of the total market share compared to centralized exchanges (CEXs).

The platform with the highest weekly trading volume was Uniswap, recording a seven-day cumulative volume of $22.235 billion, maintaining its top position in the market. PancakeSwap came in second with $6.07 billion, followed by PumpFi at $2.861 billion. Other notable platforms included AirDrop, BisonTrades, Raydium, Tessor V, HumidityFi, and 1inch.

On a chain basis, Solana led with $17.847 billion in weekly DEX trading volume, followed by Robinhood Chain at $12.826 billion, Ethereum at $9.32 billion, and BSC at $7.518 billion. The remaining chains ranked as follows: Base, Polygon, Hyperliquid L1, Arbitrum, Near, and Monad.