Non-custodial Dex platforms continue to expand – Curve, Pancakeswap, Sushiswap and Uniswap lead the pack – Defi Bitcoin News – News Couple
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Non-custodial Dex platforms continue to expand – Curve, Pancakeswap, Sushiswap and Uniswap lead the pack – Defi Bitcoin News


Five years ago, there were a large number of cryptocurrencies and blockchains, but there were very few trading platforms dealing with a decentralized exchange. Since the boom (challenge) decentralized finance, there are now countless decentralized exchange (dex) platforms that allow people to exchange money in a private and dishonest way. These days, the largest dex applications cater to a variety of blockchain networks via cross-chain technology.

Curve’s TVL is $20 billion, Curve DAO Token jumps 82%, Pancakeswap and Sushiswap follow with TVLs worth over $10 billion

Defi has grown in popularity over the past 12 months, and there are many apps and platforms that cater to traders and liquidity providers. Currently, there is $245.1 billion in total value locked into select platforms today across the blockchain such as Ethereum, Solana, Avalanche, Polygon, Binance Smart Chain, and more.

Dex non-holding platforms continue to expand - Curve, change pancakes, Sushiswap, Uniswap lead the group
Total value booked in decentralized finance (challenge) across multiple blockchains on October 26, 2021.

Data from defillama.com indicates that the Aave lending system has the largest dominance metric today at 7.95% of $245 billion, or TVL’s $19.46 billion. Aave is compatible with Ethereum, Polygon, and Avalanche and TVL has increased by 18.13% over the past seven days.

In terms of dex TVL ratings, Curve is the number one contender with $18.21 billion and compatibility with seven different chains. The Binance Smart Chain (BSC) dex, Pancakeswap, holds the second largest TVL worth $5.77 billion across just one chain.

Dex non-holding platforms continue to expand - Curve, change pancakes, Sushiswap, Uniswap lead the group
Top seven dex rigs by TVL rating on October 26, 2021.

The Curve dex cryptocurrency, otherwise known as the DAO Curve Token (CRV), has increased in value by 82.4% over the past week. Cake, the original currency of the Pancakeswap dex, rose just 0.7% last week. Sushiswap is just under the BSC dex with a total value of $5.6 billion locked across 13 unique blockchains. Sushiswap’s original asset, SUSHI, has gained 3.0% over the past seven days.

Uniswap, which is leveraging the Ethereum blockchain, has a TVL of about $5.26 billion, up 8% over the past week. UNI gained 4.7% this past week and Uniswap version 3 is the sixth largest dex by total value held.

Uniswap Weekly Volume Close to $10 Billion, Dex Aggregators Taken 26% of Trades, TVLs Rise on Non-Ethereum Dex Platform

Between Uniswap, Sushiswap, Curve and 0x Native, dex Uniswap is commanding the largest trading volume of $9.3 billion over the past seven days. Uniswap accounts for 68.2% of the volume across 14 different Ethereum-based dex platforms.

Dex non-holding platforms continue to expand - Curve, change of pancakes, Sushiswap, Uniswap lead the group
Ethereum based dex apps by weekly volume.

Meanwhile, Sushiswap saw $2.2 billion in trading volume this week, and Curve saw $667 million. Dex aggregation platforms like 1inch and 0x API have about 26% of the trading volume. 1inch saw $2.1 billion in weekly trades and 0x API $1.2 billion.

Regarding TVL, top dex implementations from other blockchains besides BSC and ETH include Avalanche’s Trader Joe’s, Solana’s Saber, Raydium, Serum and Tron’s Justswap (JST) app. Avalanche-based Trader Joe’s dex (AVAX) increased TVL by 33.11% this week and Solana’s serum TVL (SOL) jumped 20.74%.

What do you think of the dex sizes and total value booked in these challenge apps? Tell us what you think about it in the comments section below.

Tags in this story

0x, 1inch, Curve, decentralized exchanges, decentralized finance, DeFi, dex fees, dex trading volumes, ETH fees, Ethereum (ETH), Ethereum fees, Gas, Kyber, Matcha, Pancakeswap, Raydium, Saber, Serum, Sushiswap fees, swaps Trader Joe’s Trade Uniswap Fee

photo credits: Shutterstock, Pixabay, Wiki Commons, defillama.com, Dune Analytics,

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