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Highest TVL DEX Exchanges

Ranked by total value locked (TVL)

01
Hyperliquid ☆ 4.8
DEX · 50x Leverage · 0.045% Fee
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02
Aster ☆ 4.2
DEX · 1001x Leverage · 0.0004% Fee
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03
Lighter ☆ 4.2
DEX · 50x Leverage · 0% Fee
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04
GMX ☆ 4.5
DEX · 100x Leverage · 0.06% Fee
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05
Drift ☆ 2.0
DEX · 101x Leverage · 0.035% Fee
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06
edgeX ☆ 4.3
DEX · 100x Leverage · 0.038% Fee
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07
dYdX ☆ 4.3
DEX · 20x Leverage · 0.05% Fee
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08
GRVT ☆ 4.5
HYBRID · 50x Leverage · 0.045% Fee
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09
Avantis ☆ 3.5
DEX · 500x Leverage · 0.0004% Fee
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10
Extended ☆ 4.1
DEX · 100x Leverage · 0.01% Fee
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11
Paradex ☆ 4.5
HYBRID · 50x Leverage · 0% Fee
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12
Aevo ☆ 4.2
DEX · 20x Leverage · 0.08% Fee
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13
EVEDEX ☆ 3.9
HYBRID · 100x Leverage · 0.045% Fee
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Frequently Asked Questions

Which DEX has the highest TVL?

Hyperliquid leads with $5.1B in total value locked. TVL represents the total capital deposited into the platform, indicating user trust and available liquidity for trading.

What does TVL mean for a DEX?

Total Value Locked (TVL) measures the total assets deposited on a DEX. Higher TVL means more capital backing trades, which leads to better liquidity, lower slippage, and greater platform stability. It is a key metric for assessing protocol health.