The best exchanges (dexs) of 2025

Knowing about several exchanges

• The indexed exchange, or dex, market hit a record in 2025. In the second quarter of the year, the average volume was $877 vs. $ 3.9t – Average CEX CEX-to
• “Purpose based trading” gets a lot of credit for doing things like unisp
• Solana always Dex Volumes in the year 2025. Many reports and dashboards Show Show Solana Topang Tonpovor Dex leaderboards, showing high payouts.
• Layer-2 Dex work is no longer as niche as it once was. Public dashboards show base and arminrum posted solid 2025 dex volumes, highlighting how cheap layer 2s are now the backbone of more trading.

Here’s how we chose our top picks

Our team of writers and editors have spent years researching and evaluating crypto exchanges. Several decentralized exchanges (dexs), we focus on high liquidity platforms, an accessible interface and a large number of supported coins, tokens and trading pairs. In total, we looked at more than 20 data points to choose the best option.

The categories below have been selected based on the preferred use cases that different users may have with dexs.

Our top picks for the best organized exchanges

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Why We Chose It: Balanced liquidity, intuitive interface and constant updates make it the undisputed leader among dexes.

Built on Emberreeum, uniswap is a well-known automated Market Maker (AMM) model and continues to refine it with each new version. The platform supports thousands of tokens and integrates seamlessly with major wallets, making it DIX for both beginners and advanced traders.

Deep liquidity pools ensure competitive pricing and low slippage, even in large rusts. Advanced features such as integrated liquidity – which gives liquidity providers more control and higher returns – and mev protection strengthen its position as the best dex.

Why We Chose It: AMM’s AMM curve reduces volatility and keeps transaction costs lower than normal for dexs.

Curve Swap is purpose-built for trading stablecoins due to its unique AMM architecture, making it ideal for traders moving between stablecoins such as USDC, USDT and DAI. But the platform is not limited to these currencies, it has expanded to include packaged and manufactured goods while maintaining its focus on cost efficiency.

The efficiency of the financial curve will also add to its management and structure. With the CRV token, you can participate in the management and development of your liquidity rewards – a system that has cultivated a community dedicated to excellence.

Why We Chose It: Dydx is built using a state-of-the-art measurement-2 solution, to deliver fast trading with minimal gas costs.

For traders looking for speed and accuracy, Dydx stands out as the dex of choice. Dydx is also built with active retailers in mind, offering advanced order types, permanent contracts and restocking options – all while maintaining a non-party model.

The Exchange’s emphasis on professional-grade trading tools makes it feel closer to the middle ground, but without giving users control over their money. Its upcoming transition to its own bull is aimed at improving performance and planning.

Why We Chose It: POCENEN’S POPENSE, Cake, Revuzo Power of Rewards That allows you to criticize or damage some of the most attractive fruits on the market.

As binance smart chain flagship dex, pancasespep offers a mix of trading, tying and production farming. The low fees and user-friendly design have made it one of the most popular platforms for earning income from digital assets.

From liquidity pools to lotteries and NFT integrations, dex names are definitly accessible even to those new to crypto. And while its ecosystem is mainly BNB chain-centric, its expansion into multichain support continues to grow.

Why We Chose It: The interface of the 1inch Smart self-download and the intuitive utility make it one of the most versatile tools in the defi, with a high experience that closes the gaps between the dexs.

1Inch is not a dex in the traditional sense – it is a dex aggregator. The platform scans dozens of liquidity sources that cross multiple chains to ensure that traders get the best prices for every swap. Whether you are trading Emberreeum, BNB Chain or Polygon, 1inch tries to find the most suitable methods and automatically split orders to reduce slippage.

Why We Chose You: Very nice bag It offers an intimate, feature-packed mobile experience that doesn’t compromise on control or visibility. Although not a dex itself, the best bag was included due to its wide range of platform items. Instead, it is a smart, hybrid solution that combines no-kyc, secure, non-wallet with dex access.

Because most dexs don’t offer a mobile app, the only way to access defi services on your phone is through clunky browsers like existing dexs or web3 wallets. However, the best wallet does, with its platform combining a non-crypto crypto wallet with built-in dex functionality.

The best wallet allows you to switch, stake and check decentralized applications directly from your phone and across more than 60 blocks. Its clean interface and strong security policies make it a strong choice among other web3 wallets, while its access to special presales gives it a unique advantage over the competition.

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The best exchange FAQs

How is dex different from cex?

Decentralized Exchanger (Dex) allows users to sell directly from their Crypto Wallets through smart contracts without having to control their money from a third party. Meanwhile, a central exchange (CEX) – like Coinbase or Minance – Acts as a proxy, to keep your money safe, to manage the same purchase and sale.

Do I need to verify my identity to use dex?

Most of the dexs don’t work. This means you connect your wallet and start trading without providing any personal information or going through your customer (KYC) checks. That said, some earlier versions or dex-specific versions may use limited KYC requirements to comply with local regulations.

Can I trade any token on dex?

You can sell almost any token available on the Blockchain that Dex supports (for example, Erc-20 tokens on Emberreeum or Bep-20 tokens on BNB Chain). But this comes with an added level of risk: Some tokens can be scams, duplicates or Illiquid. Be sure to verify the token contract address and check the deposit before trading to avoid losing money.

Can I use dex on mobile?

Many dexes, including metamask and trust wallets, can be accessed using mobile wallets that integrate dex features directly. Some dex aggregators and protocols also offer mobile apps dedicated to exchange and trading functionality. Even if there is no official app, you often use dex with your mobile browser and connected wallet.

Are dexs legit?

Dexes are legal for use in most countries because they function as software standards and not as centralized financial institutions. However, the regulatory treatment varies by country. Some governments may block defi operations, requiring identity verification for access, or regulate dexs under security or anti-money laundering laws.

As always, check local laws before trading.

A summary of our top picks

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