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Hyperliquid Emerges as Top Dark Horse This Month, Uniswap Regains DEX Leading Position
Summary: According to CoinGecko data, in August 2025, Uniswap reclaimed the top spot in decentralized exchanges (DEX) with a monthly trading volume of $111.8 billion, capturing 35.9% market share, a growth of +28.3% from July. PancakeSwap fell to second place with a trading volume of $92 billion in August, holding a market share of 29.5%, a ...
According to CoinGecko data, in August 2025, Uniswap reclaimed the top spot in decentralized exchanges (DEX) with a monthly trading volume of $111.8 billion, capturing 35.9% market share, a growth of +28.3% from July.
PancakeSwap fell to second place with a trading volume of $92 billion in August, holding a market share of 29.5%, a significant decrease of -44.7% compared to the previous month. The platform had previously benefited from Binance Alpha 2.0 incentives, reaching a peak of $254.8 billion in June, surpassing Uniswap temporarily.
Aerodrome on the Base chain ranked third with a trading volume of $22.9 billion and a market share of 7.4%, showing a growth of +28%.
Hyperliquid emerged as the top dark horse, with a trading volume of $21.4 billion in August, a staggering increase of +129.3% from the previous month, and a market share of 6.9%, rising to become the fourth largest DEX, surpassing platforms like Orca and Raydium on Solana for the first time.
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Link: Hyperliquid Emerges as Top Dark Horse This Month, Uniswap Regains DEX Leading Position [Copy]
