According to information published by Phoenix Group, a significant increase in activity in the decentralized exchange sector was recorded in the week ending April 23, 2026, with the total trading value reaching 88.99 billion. The market recorded a significant weekly improvement of 28.34%. This reflects a new wave of decentralized trading as users tend to abandon centralized trading.
#Top weekly trading volume of decentralized exchanges
#Uniswap #PancakeSwap #Aerodrome #Curve #Orca #Raydium #Meteora #THORChain #Hyperliquid pic.twitter.com/Mr0L6wj8kX— Phoenix – Crypto News and Analysis (@pnxgrp) April 23, 2026
With the increase in trading volume, the share of decentralized exchange platforms has increased compared to centralized exchanges. The dominance index for decentralized exchanges and CEX is 14.57%, indicating a consistent increase in decentralized usage across the larger cryptocurrency ecosystem.
Uniswap remains market leader
Uniswap remained the best decentralized exchange. The platform recorded a 24-hour trading volume of $1.95 billion and a whopping $12.49 billion in seven days. This operation will make Uniswap the leading liquidity hub in the decentralized exchange ecosystem.
After Uniswap, PancakeSwap ranked second with daily trading volume of $1.03 billion and weekly trading volume of $6.84 billion. The platform has the advantage of active activity in the BNB Chain ecosystem and maintains its position as an important player in the decentralized trading space.
Airfields and curves show strong performance
In third place was Aerodrome, with 24-hour trading volume of $576.4 million and weekly trading volume of $3.75 billion. Its increased use signals the growing popularity of alternative liquidity instruments for the two major participants.
Meanwhile, Curve Finance recorded daily trading volume of $423.43 million and weekly trading volume of $2.5 billion. Curve is known to be efficient in stablecoin swaps and continues to attract users for low slippage trading in volatile market environments.
Mid-tier exchanges capture growing activity
Many mid-range platforms also showed strong trading. Orca has a 24-hour trading volume of $236.88 million and a 7-day trading volume of $1.75 billion, and is still present in the Solana ecosystem.
Radium followed suit with daily trading volume of $167 million and weekly trading volume of $1.19 billion. Similarly, Meteora recorded 24-hour trading volume and weekly trading volume of $155.51 million and $963 million, respectively, indicating active user usage.
Cross-chain and emerging players gain ground
Cross-chain liquidity protocol THORChain reported daily trading volume of $460.09 million and weekly trading volume of $924 million. The fact that it can support swaps between other blockchains has made it popular among more sophisticated users.
The famous platform Hyperliquid completed the list with a 24-hour trading volume of $123.71 million and a weekly trading volume of $860 million. Although smaller than the incumbent players, Hyperliquid’s steady growth shows that the decentralized exchange market is becoming more diverse.
Increased adoption signals changes in trading behavior
The weekly growth of 28.34% indicates a strong resurgence in decentralized trading activity. The transparency, self-custody features, and lack of permissionless features offered by DEX platforms appear to be making them more attractive to market participants. The increase in the dominance of decentralized exchanges to 14.57% is another sign that exchanges are gradually becoming more decentralized.
This is particularly unique as liquidity is decentralized across different platforms rather than being centralized within one ecosystem. Uniswap and PancakeSwap remain in the lead, but smaller exchanges are gradually gaining market share and offering a more competitive decentralized trading environment.
Prospects for the decentralized exchange ecosystem
Recent numbers highlight an optimistic future for decentralized exchanges as trading volumes increase and more people adopt decentralized exchanges. With steady participation from major and upcoming platforms, and total weekly trading volume reaching approximately $89 billion, the DEX market appears to be well-positioned for further development.
