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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 · 0.04% Fee
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03
Lighter ☆ 4.2
DEX · 50x Leverage · 0% Fee
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04
Velocity ☆ 2.5
DEX · 20x Leverage · 0.06% Fee
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05
GMX ☆ 4.4
DEX · 100x Leverage · 0.06% Fee
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06
Extended ☆ 4.1
DEX · 100x Leverage · 0.025% Fee
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07
dYdX ☆ 4.0
DEX · 50x Leverage · 0.05% Fee
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08
edgeX ☆ 4.2
DEX · 100x Leverage · 0.045% Fee
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09
Nado ☆ 3.6
DEX · 50x Leverage · 0.035% Fee
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10
Arcus ☆ 3.6
DEX · 50x Leverage · 0.0225% Fee
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11
GRVT ☆ 4.5
HYBRID · 50x Leverage · 0.045% Fee
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12
Paradex ☆ 4.5
HYBRID · 50x Leverage · 0% Fee
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13
Pacifica ☆ 3.6
DEX · 50x Leverage · 0.04% Fee
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14
StandX ☆ 3.5
DEX · 40x Leverage · 0.04% Fee
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15
Aevo ☆ 4.2
DEX · 20x Leverage · 0.08% Fee
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16
Veranta ☆ 3.5
DEX · 500x Leverage · 0.045% Fee
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17
BULK ☆ 3.0
DEX · 40x Leverage · 0.035% Fee
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18
EVEDEX ☆ 3.9
HYBRID · 200x Leverage · 0.045% Fee
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Frequently Asked Questions

Which DEX has the highest TVL?

Hyperliquid leads with $7.3B 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.