DEX Trading Volume Drops 11.61% Amid Market Decline; Uniswap Leads with $13.92B Weekly Volume

Source: CryptoNewsNet Original Title: DEX Trading Volume Drops 11.61% to $56.75 Billion This Week as Uniswap, PancakeSwap, Raydium, Aerodrome, and Others Record Trading Activity Original Link:

DEX Trading Volume and Market Trends

According to market analytics, decentralized exchange (DEX) trading volumes have experienced a notable decline recently. DEX trading volume dropped to $397.78 billion in November from a high of $568.43 billion in October, marking the lowest monthly total since June.

Recent data shows that all DEXs combined processed $56.75 billion in trading volume over the last seven days, representing an 11.61% decrease compared to the previous week. More significantly, the DEX-to-CEX volume ratio declined to 11.46% in December from 15.73% in November, indicating a shift in market activity back towards centralized exchanges. This decline reflects increased bear sentiment in the crypto market triggered by macroeconomic uncertainty.

Top DEXs by Weekly Trading Volume

Uniswap

Uniswap, built on Ethereum, leads the market with $13.92 billion in trading volume over the past seven days. The platform continues to solidify its position as a market leader in the decentralized exchange sector, consistently recording significant trading volumes and providing deep liquidity across multiple chains. A recent strategic integration with European financial services has strengthened Uniswap’s market dominance, allowing users to directly purchase crypto assets through its mobile wallet and web application.

PancakeSwap

Ranking second by weekly trading volume, PancakeSwap (built on BNB Chain) processed $11.61 billion in trading volume over the past week. The platform recorded $70.56 billion in volume during November 2025. This growth follows the rollout of a significant network upgrade launched in April 2025, which introduced advanced liquidity pools enabling users to execute more effective trading strategies while maintaining on-chain transparency.

Raydium

Raydium has recaptured its position as the largest Solana-based DEX platform, processing $3.60 billion in weekly trading volume and ranking third globally. Despite temporary competition from other Solana DEXs last month, Raydium’s latest metrics demonstrate its continued dominance on the Solana blockchain.

Aerodrome

Fourth on the list is Aerodrome, a leading DEX on the Ethereum Layer-2 network Base. The platform processed $2.91 billion in trading volume over the past seven days. Despite experiencing a front-end compromise in late November, Aerodrome maintained significant user trust and trading activity, with users continuing to access the platform through decentralized mirrors.

Curve Finance

Curve Finance, a DEX protocol on Ethereum, recorded the fifth-largest trading volume at $2.79 billion over the past week, reflecting significant market activity on the platform.

Other Market Performers

Other DEXs demonstrating strong trading activity include Meteora, Orca, Hyperliquid, and LFJ, contributing to the overall decentralized exchange ecosystem.