Uniswap Raydium has dominated the decentralized exchange (DEX) landscape with 4 million visits last month, leading in web traffic according to Phoenix data. PancakeSwap follows with 1.3M visits, thriving as the top DEX on Binance Smart Chain due to its low fees and quick transactions. SushiSwap secured 707K visits, thanks to its diverse DeFi offerings like yield farming and staking.
This surge in DEX traffic reflects the growing adoption of decentralized finance (DeFi). Platforms like Osmosis, Quickswap, and Balancer are also gaining traction for cross-chain compatibility and cost-efficiency. In my opinion, Uniswap Raydium’s lead highlights users’ trust in innovative platforms, signaling a promising future for DeFi. However, competition remains fierce, pushing all DEXs to innovate further. Show Less