Coinranking
DEX Tokens
377 coins #31| | Coins | | | ||
|---|---|---|---|---|---|
| | |||||
| | 1 |  Hyperliquid HYPE | $ | -6.82%  | |
| | 2 |  Uniswap UNI | $ | +0.43%  | |
| | 3 |  PancakeSwap CAKE | $ | -2.86%  | |
| | 4 |  Curve DAO Token CRV | $ | -3.78%  | |
| | 5 |  Injective Protocol INJ | $ | -4.08%  | |
| | 6 |  Gnosis GNO | $ | +0.73%  | |
| | 7 |  Raydium RAY | $ | -6.57%  | |
| | 8 |  1inch Token 1INCH | $ | -3.06%  | |
| | 9 |  THORChain RUNE | $ | -2.97%  | |
| | 10 |  DeepBook Token DEEP | $ | -8.63%  | |
| | 11 |  Synthetix Network SNX | $ | -2.68%  | |
| | 12 |  dYdX Token DYDX | $ | -5.08%  | |
| | 13 |  0x ZRX | $ | -3.74%  | |
| | 14 |  Zigcoin ZIG | $ | -5.24%  | |
| | 15 |  SUSHI SUSHI | $ | -3.96%  | |
| | 16 |  Orca ORCA | $ | -3.86%  | |
| | 17 |  Edge EDGE | $ | -3.12%  | |
| | 18 |  Loopring LRC | $ | +3.98%  | |
| | 19 |  Drift DRIFT | $ | -8.38%  | |
| | 20 |  Bancor BNT | $ | -0.95%  | |
| | 21 |  Balancer BAL | $ | +0.07%  | |
| | 22 |  Osmosis OSMO | $ | -7.66%  | |
| | 23 |  Chainflip FLIP | $ | +5.13%  | |
| | 24 |  Storx network SRX | $ | +1.49%  | |
| | 25 |  THENA THE | $ | +1.49%  | |
| | 26 |  Dolomite DOLO | $ | -8.96%  | |
| | 27 |  Pangolin PNG | $ | -6.43%  | |
| | 28 |  Parcl PRCL | $ | -6.95%  | |
| | 29 |  Cetus CETUS | $ | -5.51%  | |
| | 30 |  Quickswap[New] QUICK | $ | -3.16%  | |
| | 31 |  Altura ALU | $ | -8.35%  | |
| | 32 |  Swisscheese SWCH | $ | -3.36%  | |
| | 33 |  Superp (Formerly Vanilla Finance) $SUP | $ | -9.59%  | |
| | 34 |  Ethervista VISTA | $ | -1.68%  | |
| | 35 |  Serum SRM | $ | +8.44%  | |
| | 36 |  Xraders XR | $ | -1.48%  | |
| | 37 |  Onomy Protocol NOM | $ | -4.90%  | |
| The coins below are ranked lower due to missing data. Learn more | |||||
| | 38 |  Curve.fi DAI/USDC/USDT 3CRV | $ | +1.37%  | |
| | 39 |  THORSwap THOR | $ | -1.93%  | |
| | 40 |  VVS Finance VVS | $ | -1.91%  | |
| | 41 |  PAID Network PAID | $ | +6.89%  | |
| | 42 |  THORChain Yield TCY | $ | +0.04%  | |
| | 43 |  Hoge Finance HOGE | $ | +0.00%  | |
| | 44 |  RichQUACK.com QUACK | $ | -4.62%  | |
| | 45 |  PAWSWAP PAW | $ | +0.58%  | |
| | 46 |  Sovryn SOV | $ | -2.72%  | |
| | 47 |  Mettalex MTLX | $ | -1.07%  | |
| | 48 |  Signum SIGNA | $ | +0.33%  | |
| | 49 |  SingularityDAO SDAO | $ | -0.03%  | |
| | 50 |  Verse VERSE | $ | -1.65%  | |
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Trending DEX Tokens
| Coins | Price | 24h | |
|---|---|---|---|
| | Hyperliquid HYPE | $ | -6.82% |
| | Osmosis OSMO | $ | -7.66% |
| | Raydium RAY | $ | -6.57% |
| | dYdX Token DYDX | $ | -5.08% |
| | 1inch Token 1INCH | $ | -3.06% |
Top gainers
| Coins | | | |||
|---|---|---|---|---|---|
| | Serum SRM | $ | +8.44% | ||
| | Chainflip FLIP | $ | +5.13% | ||
| | Loopring LRC | $ | +3.98% | ||
| | Storx network SRX | $ | +1.49% | ||
| | THENA THE | $ | +1.49% | ||
| All gainers | |||||
What is a DEX token?
A DEX token is the native cryptocurrency of a decentralized exchange (DEX)—used to pay trading fees, vote on protocol upgrades, stake for liquidity rewards, and unlock tiered benefits like lower fees or early-access pools.
Unlike CEX coins, DEX tokens govern fully on-chain markets that run via smart contracts, eliminating custodial risk.
Top tokens (UNI, CAKE, SUSHI, CRV) collectively command >$25 B market cap and underpin >$2 B in daily spot & derivative volume.
Quick Facts
- Purpose: Governance, fee discounts, liquidity mining incentives, staking yield.
- Blockchains: 90 % Ethereum; also BNB Chain, Polygon, Arbitrum, Solana.
- Supply model: Fixed or emission-based; often quarterly buy-back & burn funded by swap fees.
- Fee share: Curve (50 % to veCRV), PancakeSwap (CAKE buy-burn), dYdX (USDC rebates).
- TVL: Top 10 DEXs hold >$120 B in liquidity pools.
Top DEX Tokens (Live Examples)
| Token | Ticker | DEX / Chain | 2024 Utility Highlights |
|---|---|---|---|
| Uniswap | UNI | Uniswap v3/v4 (Ethereum) | Govern 0.05 % fee switch, v4 hooks, 7-day timelock. |
| PancakeSwap | CAKE | PancakeSwap v3 (BSC) | Stake for 50x farm boost, IFO lottery, perpetual rebates. |
| SushiSwap | SUSHI | SushiSwap (Ethereum) | Vote on Onsen farms, Kanpai fee redirection, SUSHI bar staking. |
| Curve DAO | CRV | Curve (Ethereum) | Lock for veCRV → gauge weights + 50 % protocol fees. |
| 1inch | 1INCH | 1inch Aggregator | Govern resolver rewards, Pathfinder upgrades. |
| dYdX | DYDX | dYdX v3 (StarkWare) | Trade fee discounts, stake for USDC safety pool. |
| Trader Joe | JOE | Trader Joe (Avalanche) | sJOE revenue share, rJOE launchpad tickets. |
| Raydium | RAY | Raydium (Solana) | Fusion pool weights, acceleRAYtor IDO access. |
How It Works
- User swaps 1 ETH → USDC; 0.3 % fee added to liquidity pool.
- LP tokens staked in farm to earn DEX token emissions.
- Token holders vote to turn on protocol fee switch → buy-back & burn.
- Staking tiers – lock 10 k CAKE for 50 % lower perpetual fees.
- Governance proposals – new pairs, emission schedules, cross-chain deployments execute automatically via timelock.
Benefits
- Fee discounts – pay 0.2 % instead of 0.3 % when using native token.
- Yield farming – triple-digit APR during launch phases (unsustainable but lucrative).
- Revenue share – Curve 50 %, Trader Joe ~20 % of swap fees to stakers.
- Launchpad access – IFO/IDO lotteries require token stake (CAKE, JOE, RAY).
- Self-custody – no KYC, no withdrawal limits, 24/7 uptime.
- Composable leverage – stake LP tokens in lending pools for extra loops.
Risks & Trade-offs
- Impermanent loss – LP positions can underperform vs HODL during volatile moves.
- Token dilution – high emission schedules pressure price unless buy-backs offset.
- Smart-contract risk – >$3 B hacked across DEXs (Ronin, Wormhole, BSC forks).
- Front-running – sandwich bots extract ~$400 M yearly from AMM users.
- Regulatory fog – SEC labels some DEX tokens as securities; front-ends geoblock US IPs.
- Gas costs – Ethereum L1 swaps can cost $50+ during congestion; L2 rollups mitigate.
Final Thoughts
DEX tokens are programmable equity in the world’s largest 24/7 marketplaces: holders own the cash-flow, vote on fee switches, and capture value as trading volume grows.
The upside is double-digit staking yields and permissionless innovation; the downside is dilution, impermanent loss, and smart-contract exploits.
Farm the yields, vote on gauges, but size positions knowing that APR often comes from inflation—and never stake more than you can afford to see slashed by a bug.