• bitcoinBitcoin (BTC) $ 111,039.00
  • ethereumEthereum (ETH) $ 4,338.37
  • xrpXRP (XRP) $ 2.84
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 852.46
  • solanaSolana (SOL) $ 210.03
  • usd-coinUSDC (USDC) $ 0.999800
  • staked-etherLido Staked Ether (STETH) $ 4,325.01
  • dogecoinDogecoin (DOGE) $ 0.214927
  • tronTRON (TRX) $ 0.338202
  • cardanoCardano (ADA) $ 0.833946
  • wrapped-stethWrapped stETH (WSTETH) $ 5,242.85
  • chainlinkChainlink (LINK) $ 23.42
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 4,667.97
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 111,253.00
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.01
  • hyperliquidHyperliquid (HYPE) $ 44.66
  • suiSui (SUI) $ 3.31
  • bitcoin-cashBitcoin Cash (BCH) $ 590.65
  • wrapped-eethWrapped eETH (WEETH) $ 4,644.44
  • stellarStellar (XLM) $ 0.362854
  • avalanche-2Avalanche (AVAX) $ 24.44
  • wethWETH (WETH) $ 4,332.22
  • hedera-hashgraphHedera (HBAR) $ 0.220150
  • leo-tokenLEO Token (LEO) $ 9.55
  • crypto-com-chainCronos (CRO) $ 0.258819
  • litecoinLitecoin (LTC) $ 111.39
  • usdsUSDS (USDS) $ 0.999513
  • the-open-networkToncoin (TON) $ 3.16
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999952
  • world-liberty-financialWorld Liberty Financial (WLFI) $ 0.229830
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 111,086.00
  • whitebitWhiteBIT Coin (WBT) $ 42.67
  • polkadotPolkadot (DOT) $ 3.81
  • uniswapUniswap (UNI) $ 9.56
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.19
  • bitget-tokenBitget Token (BGB) $ 4.94
  • moneroMonero (XMR) $ 267.44
  • aaveAave (AAVE) $ 317.56
  • daiDai (DAI) $ 1.00
  • ethenaEthena (ENA) $ 0.697358
  • pepePepe (PEPE) $ 0.000010
  • mantleMantle (MNT) $ 1.11
  • okbOKB (OKB) $ 165.60
  • ethereum-classicEthereum Classic (ETC) $ 20.76
  • jito-staked-solJito Staked SOL (JITOSOL) $ 257.80
  • bittensorBittensor (TAO) $ 322.76
  • nearNEAR Protocol (NEAR) $ 2.44
  • ondo-financeOndo (ONDO) $ 0.959690
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.287317
  • aptosAptos (APT) $ 4.32
  • usdt0USDT0 (USDT0) $ 0.997979
  • pi-networkPi Network (PI) $ 0.345199
  • arbitrumArbitrum (ARB) $ 0.500884
  • usd1-wlfiUSD1 (USD1) $ 0.999453
  • binance-peg-wethBinance-Peg WETH (WETH) $ 4,331.04
  • internet-computerInternet Computer (ICP) $ 4.84
  • story-2Story (IP) $ 7.91
  • binance-staked-solBinance Staked SOL (BNSOL) $ 224.94
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • kaspaKaspa (KAS) $ 0.083480
  • cosmosCosmos Hub (ATOM) $ 4.44
  • vechainVeChain (VET) $ 0.023766
  • algorandAlgorand (ALGO) $ 0.232137
  • gatechain-tokenGate (GT) $ 16.83
  • susdssUSDS (SUSDS) $ 1.07
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 5.49
  • rocket-pool-ethRocket Pool ETH (RETH) $ 4,928.05
  • fasttokenFasttoken (FTN) $ 4.52
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.030576
  • kucoin-sharesKuCoin (KCS) $ 14.99
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 4,552.71
  • render-tokenRender (RENDER) $ 3.45
  • worldcoin-wldWorldcoin (WLD) $ 0.886573
  • sei-networkSei (SEI) $ 0.285850
  • bfusdBFUSD (BFUSD) $ 0.999492
  • skySky (SKY) $ 0.071840
  • official-trumpOfficial Trump (TRUMP) $ 8.42
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 44.71
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 4,556.36
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.617713
  • bonkBonk (BONK) $ 0.000021
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 4,677.36
  • jupiter-exchange-solanaJupiter (JUP) $ 0.501531
  • filecoinFilecoin (FIL) $ 2.27
  • usdtbUSDtb (USDTB) $ 0.999325
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 111,059.00
  • flare-networksFlare (FLR) $ 0.020590
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • memecoreMemeCore (M) $ 0.840901
  • xdce-crowd-saleXDC Network (XDC) $ 0.078436
  • pump-funPump.fun (PUMP) $ 0.003856
  • falcon-financeFalcon USD (USDF) $ 0.999605
  • tether-goldTether Gold (XAUT) $ 3,532.05
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 4,575.86
  • hash-2Provenance Blockchain (HASH) $ 0.026777
  • injective-protocolInjective (INJ) $ 13.07
  • mantle-staked-etherMantle Staked Ether (METH) $ 4,638.62
  • optimismOptimism (OP) $ 0.713410
  • fourFour (FORM) $ 3.31
  • nexoNEXO (NEXO) $ 1.25
  • celestiaCelestia (TIA) $ 1.60
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 238.26
  • paypal-usdPayPal USD (PYUSD) $ 0.999479
  • wbnbWrapped BNB (WBNB) $ 852.45
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 110,740.00
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.996698
  • blockstackStacks (STX) $ 0.631001
  • lido-daoLido DAO (LDO) $ 1.20
  • curve-dao-tokenCurve DAO (CRV) $ 0.765954
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999715
  • spx6900SPX6900 (SPX) $ 1.12
  • pax-goldPAX Gold (PAXG) $ 3,550.46
  • aerodrome-financeAerodrome Finance (AERO) $ 1.12
  • sonic-3Sonic (S) $ 0.310329
  • immutable-xImmutable (IMX) $ 0.512512
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.12
  • super-oethSuper OETH (SUPEROETH) $ 4,334.26
  • msolMarinade Staked SOL (MSOL) $ 277.11
  • saros-financeSaros (SAROS) $ 0.359905
  • the-graphThe Graph (GRT) $ 0.089264
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 110,851.00
  • raydiumRaydium (RAY) $ 3.43
  • pyth-networkPyth Network (PYTH) $ 0.158383
  • conflux-tokenConflux (CFX) $ 0.174838
  • flokiFLOKI (FLOKI) $ 0.000092
  • clbtcclBTC (CLBTC) $ 112,411.00
  • kaiaKaia (KAIA) $ 0.147698
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 4,318.44
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 4,331.55
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 4,149.92
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.38
  • dogwifcoindogwifhat (WIF) $ 0.805973
  • fartcoinFartcoin (FARTCOIN) $ 0.790971
  • theta-tokenTheta Network (THETA) $ 0.787590
  • pendlePendle (PENDLE) $ 4.57
  • vaultaVaulta (A) $ 0.485600
  • tezosTezos (XTZ) $ 0.727639
  • iotaIOTA (IOTA) $ 0.186512
  • ethereum-name-serviceEthereum Name Service (ENS) $ 22.48
  • galaGALA (GALA) $ 0.016106
  • ousgOUSG (OUSG) $ 112.42
  • ripple-usdRipple USD (RLUSD) $ 0.999175
  • jito-governance-tokenJito (JTO) $ 1.90
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.06
  • jasmycoinJasmyCoin (JASMY) $ 0.014300
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.08
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.997556
  • build-onBUILDon (B) $ 0.678591
  • the-sandboxThe Sandbox (SAND) $ 0.276982
  • zcashZcash (ZEC) $ 41.15
  • newton-projectAB (AB) $ 0.008828
  • stader-ethxStader ETHx (ETHX) $ 4,623.15
  • tbtctBTC (TBTC) $ 110,982.00
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 4,331.96
  • flowFlow (FLOW) $ 0.404702
  • bittorrentBitTorrent (BTT) $ 0.00000065
  • walrus-2Walrus (WAL) $ 0.435675
  • morphoMorpho (MORPHO) $ 1.90
  • loaded-lionsLoaded Lions (LION) $ 0.020286
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 4,763.46
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 4,642.30
  • decentralandDecentraland (MANA) $ 0.302094
  • swethSwell Ethereum (SWETH) $ 4,731.56
  • usual-usdUsual USD (USD0) $ 0.998218
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.214735
  • global-dollarGlobal Dollar (USDG) $ 0.999709
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 110,992.00
  • beldexBeldex (BDX) $ 0.073791
  • syrupMaple Finance (SYRUP) $ 0.467691
  • vision-3Vision (VSN) $ 0.160723
  • bitcoin-svBitcoin SV (BSV) $ 26.11
  • ether-fiEther.fi (ETHFI) $ 1.10
  • starknetStarknet (STRK) $ 0.123335
  • true-usdTrueUSD (TUSD) $ 0.996581
  • frax-etherFrax Ether (FRXETH) $ 4,303.89
  • heliumHelium (HNT) $ 2.59
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 109,958.00
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 4,330.39
  • neoNEO (NEO) $ 6.51
  • dydx-chaindYdX (DYDX) $ 0.589760
  • apecoinApeCoin (APE) $ 0.573800
  • reserve-rights-tokenReserve Rights (RSR) $ 0.007629
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 0.997628
  • based-brettBrett (BRETT) $ 0.045695
  • apenftAPENFT (NFT) $ 0.00000045
  • usddUSDD (USDD) $ 0.999599
  • bybit-staked-solBybit Staked SOL (BBSOL) $ 231.74
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999841
  • coredaoorgCore (CORE) $ 0.427933
  • savings-daiSavings Dai (SDAI) $ 1.16
  • instadappFluid (FLUID) $ 6.36
  • benqi-liquid-staked-avaxBENQI Liquid Staked AVAX (SAVAX) $ 29.91
  • sun-tokenSun Token (SUN) $ 0.022142
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999798
  • thorchainTHORChain (RUNE) $ 1.20
  • dexeDeXe (DEXE) $ 7.33
  • telcoinTelcoin (TEL) $ 0.004490

2 decentralized exchanges for 2025 as DEX/CEX volume ratio reaches an all-time high

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2 decentralized exchanges for 2025 as DEX/CEX volume ratio reaches an all-time high

Decentralized exchanges (DEX) are increasing their relevance on the cryptocurrency trading landscape, approaching the centralized platforms (CEX) in volume. In this context, Finbold selected three DEX projects to keep an eye for 2025.

As of January 7, the DEX/CEX volume ratio reached an all-time high, with over 20% of all crypto trading happening on decentralized exchanges. This data is from IntoTheBlock, shared on X by Hayden Adams, inventor of the Uniswap protocol, a leading decentralized exchange.

2 decentralized exchanges for 2025 as DEX/CEX volume ratio reaches an all-time high

Uniswap (UNI) as the leading DEX for the EVM ecosystem

Among the top projects to keep an eye for 2025, Uniswap (UNI) stands out as the leading decentralized exchange for the Ethereum Virtual Machine (EVM) ecosystem.

According to DefiLlama, Uniswap is also the biggest DEX in total value locked (TVL) among all ecosystems, with $6.11 billion. Its TVL has increased by 4% in the last seven days, despite the recent market crash, suggesting a healthy ecosystem.

In the last 24 hours, Uniswap has seen $3.275 billion in trading volume, collecting over $5 million in fees.

2 decentralized exchanges for 2025 as DEX/CEX volume ratio reaches an all-time high

Raydium as the trading heart on Solana

In second, there is Raydium (RAY), the trading heart giving life to Solana (SOL)’s decentralized finance ecosystem, especially memecoins. Solana got the spotlights in the past few years thanks to the memecoin boom, bringing demand and capital there.

Raydium is the most-used decentralized exchange by Solana traders who swap among the different utility tokens of the ecosystem, but also speculate on the active memecoin market, winning and losing huge sums of money.

With that, Solana’s leading DEX has $2.29 billion in TVL, up 8.66% in the last seven days. Raydium has generated over $2.79 billion in volume and $7.4 million in fees, in the last 24 hours.

2 decentralized exchanges for 2025 as DEX/CEX volume ratio reaches an all-time high

UNI and RAY price analysis

As of this writing, UNI is trading at $12.59 and RAY at $4.87, both experiencing losses. In the last seven days, UNI dropped 6.16% and RAY 1.74%, with the most significant losses happening in the last 24 hours.

While some traders see the market crash as a threat, losing over $630 million to liquidations, others believe it is an opportunity.

2 decentralized exchanges for 2025 as DEX/CEX volume ratio reaches an all-time high

With solid use cases and a growing DEX/CEX volume ratio, these decentralized exchanges could have strong long term fundamentals, that could lead them to shine in 2025, if demand continues increasing.

Nevertheless, the cryptocurrency industry is a dynamic environment, constantly changing and innovating. Uniswap and Raydium will need to keep improving in order to face the competition, that is only getting better with time, shaping the market’s future.

Featured image from Shutterstock

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