This DEX dwarfs the competition by number of users

This DEX dwarfs the competition by number of users
HeadlinesNewsThis DEX dwarfs the competition by number of users

Share

This DEX dwarfs the competition by number of users

CryptoSlatea month ago
Published on May 24, 2022 18:30 GMT+00:00edited on May 25, 2022 11:39 GMT+00:00

Share

Blockchain media firm CryptoDiffer compiled a list of the top 15 decentralized exchanges (DEXs) by the number of users in the last 30-days.

Topping the list is Binance Smart Chain’s PancakeSwap, with approximately 2,600,000 users. The next most popular DEX is Solana’s Orca, with 528,000 users. In comparison, Polygon’s Quickswap makes third place with 196,100 users over the last 30-days.

Surprisingly, Uniswap comes in fourth place with just 6% of the number of PancakeSwap users. However, when analyzing DEX volume, the picture is very different.

DEX volume shows a different story

Data from CoinGecko shows Uniswap (v3) in the top spot with $1.03 billion in volume over the last 24-hours, accounting for more than a third of all daily volume of DEXs. Meanwhile, PancakeSwap …