there's no perfect decks but coin market cap has chosen the top 10 decentralized
exchanges for 2022. let's see if your favorite decks is on our list but first my name is Trev
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and let's learn together if you were around in the early days of decentralized finance
then you might remember what it was like to use the very first wave of decentralized exchanges
slow clunky unintuitive and downright frustrating these are some of the first adjectives that come
to mind when describing most of these platforms but things have come a long way in recent years
and decentralized exchanges are beginning to rapidly encroach on both utility and usability
of centralized platforms which still remain the dominant way for cryptocurrency users to trade
today but the gap is closing fast according to recent data decentralized exchanges now achieve
roughly 12 of the trading volume that centralized platforms do this number has grown more than 50
percent in a year in a whopping 800 percent in the last two years DEXs are now responsible for
a large chunk of on-chain transaction activity and in many cases count among the most popular dabs on
their respective blockchains they also often form the cornerstone for defy on many smart contract
platforms helping to provide projects users and other protocols with the liquidity that they need
although most DEXs are still less intuitive than some of the top centralized exchange platforms
they are generally completely permissionless meaning that anyone can use them and allow users
to retain full control over their assets at all times so today we're going to be taking a look at
the top 10 DEXs currently operating helping you get a quick overview of the landscape and range
of options that are available now in this list we've tried to include the most popular DEXs for
each of the main blockchain platforms as well as a handful of options that operate on multiple chains
so are you ready let's dive in the undisputed king of decentralized exchanges uniswap was the
first DEX to achieve a level of popularity and trading volume that even rivals some of the best
known centralized exchange platforms as one of the first automated market makers uniswap allows
users to assume the role of liquidity providers by contributing their assets to decentralized
liquidity pool by doing so liquidity providers share a fraction of the fees their pool generates
netting a passive income since uniswap launched in november of 2018 it's gone through a variety
of upgrades the third version of uniswap is now up and running bringing with it improved
capital efficiency better oracles and multiple fee tiers since its launch uniswap has clocked in more
than 800 billion dollars in trading volume and also hosted one of the most profitable airdrops
of all time rewarding early users with a whopping 400 uni tokens worth more than
16 thousand dollars at their peak and the next one is pancake swap despite its whimsical name
pancake swap has proven itself to be no joke the DEX is currently by far the most popular swat
platform on binance smart chain and regularly clocks in more than 300 million dollars in
trading volume like many other DEXs on this list pancake swap didn't raise any money in an ico or
ido instead it was directly bootstrapped by the pancake swap team nowadays the platform is funded
by the pancake swap treasury which earns 12 of all trading fees as commission pancake swap also
supports literally thousands of bep20 tokens and also has its own governance tokens simply known
as cake besides its decks functionality pancake swap also offers a whole host of other features
including an array of yield farms a binance coin prediction market a lottery game initial
farm offerings an nft market and more if you're primarily held up in stable coins then curve
is probably right up your alley the platform provides a powerful swap solution that allows
users to trade stable coins in other close-in price assets with a mini-school fee of just 0.04
half of which goes to liquidity providers and the other half goes to stakers of the curved
token founded by Michael Egorov a physicist and y combinator alumni curve makes use of
highly efficient bonding curves to enable users to swap stable assets with minimal slippage
curve was initially developed on ethereum in 2017 but has since expanded to several
other popular blockchains including avalanche polygon and phantom as well as several other
layer 2 solutions despite its retro aesthetic curve has blazed the trail for the dex industry
and now clocks in several billion dollars in trading volume each month and the next one is
sushi swap whether or not you're a fan of sushi sushi swap likely has something to interest you
the dex is a modified fork of the popular uniswap protocol and allows traders to swap assets across
more than a dozen different blockchains and layer 2 platforms the platform was one of the
first DEXs for the avalanche phantom harmony and cello blockchains and has gained a reputation of
being one of the first DEXs to deploy on new chains as an automated market maker sushi swap
allows users to contribute liquidity to the platform to earn fees it also offers a variety
of other features including heaps of different yield pools and on-chain lending solutions and
a launch pad known as miso like most DEXs sushi swap has its own utility token which in this case
is known as sushi this token can be staked to earn a fraction of the platform's trading fees
and participate in its governance halloween is long gone but spooky swap is here to stay
as arguably the most popular decks on the phantom opera blockchain spooky swap is an essential tool
to any phantom trader's toolbox the platform is officially endorsed by the phantom foundation
and is unusual among DEXs and then it offers both standard swabs as well as limit orders allowing
users to either source liquidity instantly or place their best bid and wait for their orders
to be filled and according to our analytics spooky swap regularly clocks in an impressive 300 million
dollars in daily trading volume and currently has around 1.5 billion dollars worth of assets
locked in its pools besides its powerful trading functionality spooky swap also offers yield farms
generative nfts known as magic cats and its own governance token boo and the next one is quick
swap quick swap is a popular DEX for polygon based assets the platform is designed for traders to
swap erc20 assets over polygon's high-speed layer 2 blockchain with minimal delays and gas costs
similar to the aforementioned spooky swap quick swap supports both traditional swaps as well
as limit orders giving users ample flexibility when trading currently the second most popular
dap on polygon quick swap has almost 700 million dollars in locked liquidity and typically nets 50
to 100 million dollars in daily trading volume netting liquidity providers more than a hundred
thousand dollars in fees to share on each day in line with its name quick swap is incredibly fast
thanks to the speed of the polygon blockchain quick swap is able to complete swaps almost
instantly but users will need to make use of the bridge to migrate their assets to polygon
the platform also includes a range of yield farms and several matic pairs have a dual mining option
allowing participants to earn both matic and quick token rewards if you're a fan of solana then this
one is for you the seventh deck on our list is none other than Raydium an automated market maker
and order book decks for the solana ecosystem the platform aggregates liquidity both from its
own user contributed liquidity pools as well as partner platform serums order books helping to
ensure users always get the best price for their asset Raydium has notched up to an impressive
42 billion dollars in trading volume since it launched almost exactly a year ago and is arguably
one of the most promising projects building on solana besides its popular deck solution Raydium
also has its own project launch pad aptly named the accelerator which has helped crowdfund some
of the most sought after solana projects including star atlas and genopets the platform also offers
frequent nft drops through its drop zone feature and hosts a wide variety of both Raydium and
fusion yield farms which helps users earn rewards for staking their Raydium lp tokens and the next
one is trader joe billed as a one-stop shop for decentralized trading on avalanche trader joe is
exactly that the platform offers a wide variety of different tools including a powerful swap
platform yield farms a launch pad and a DeFi lending feature to make trading on avalanche
as simple as possible trader joe features an incredibly basic and intuitive user interface
as well as minimalistic order controls the platform currently supports well over a hundred
different avalanche based assets and regularly racks up more than a hundred million dollars in
daily trading volume trader joe is arguably one of the fastest iterating decentralized exchanges
operating today and is governed by its community of joe token holders trader joe is rare in that
it includes a useful zap feature which allows users to convert a single token into liquidity
provider tokens without all the usual hassle that comes with manually trading in for multiple tokens
and adding liquidity and the next one is astroswap astroswap a recently launched dex for the vellus
blockchain for those who aren't familiar vellus is a fork of solana that leverages a technology
known as artificial intuition to improve speed and efficiency as one of the first DEXs on velas
astroshop forms a major building block for d5 on the platform and is now one of the few places
where users can stake trade and farm cross chain assets using metamask the platform works hand in
hand with the cross chain bridge known as swaps to help users easily migrate their assets to and
from the vellus network from a variety of other blockchains to take advantage of its low fees
astroswap is unusual among decentralized exchanges and that while it's currently running on velas it
is primarily built for cardano users who can use the swap bridge to trade their cardano native
assets on astroswap without needing to wait in a queue the platform offers generous incentives
and is very similar to pancake swap in its user experience making it super simple for most traders
last but by no means least is sunday swap the first decks operating on the cardano main net more
than a half a decade in the making cardano only recently activated its smart contract capabilities
allowing the first wave of dapps and defy apps like sunday swap to launch so sunday swap actually
got off to a rocky start due to cardano's teething issues but looks set to improve in the near future
as cardano rolls out its near-term parameters changes and scaling upgrades like most DEXs sunday
swap is an automated market maker which means that it provides essentially unlimited liquidity for
traders while allowing users to provide liquidity and earn trading fees and the platform features
three fee tiers zero point zero five percent zero point three percent and one percent depending on
the liquidity pool and overall it's relatively bare bones and functionality offering just simple
swap and liquidity provision option nonetheless sunday swap is expected to drop its beta label
and move towards community governance soon hey did you like that video yeah well make sure to
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