Uniswap Does the Heavy Lifting While the DEX Pack Squabbles Over $38.76B in Weekly Volume

Phoenix dropped its weekly DEX performance report, and surprise—Uniswap didn't get the memo about being a "legacy" protocol. The blue-chip DEX sits smugly at the summit with $1.25B in 24-hour volume and a rather handsome $7.72B over seven days. Meanwhile, the rest of the decentralized exchange ecosystem continues its annual tradition of "catching up to Uniswap."

PancakeSwap, the perpetual bridesmaid to Uniswap's bride, grabbed second place like someone claiming the last slice of pizza at a house party. The Binance Smart Chain darling pulled $5.44B for the week and $787.80M in daily trading, proving that CAKE holders still remember what a decent APR looks like.

Orca—Solana's most enthusiastic dolphin—rounded out the podium in third with $2.13B across the week and $235.46M in the last 24 hours. Not bad for a protocol that probably has to explain to newcomers that no, it's not a marine park, it's a DEX.

The gap between Orca and PancakeSwap in daily volume sits at a cozy $552.34M. For context, that's roughly the GDP of a small nation that definitely exists and isn't just made up for these articles.

Aerodrome and Raydium also decided to show up this week. Aerodrome grabbed fourth place like a Base chain native who got in early on the right L2, posting $2.02B weekly and $417.22M daily. Raydium, meanwhile, flexed its Solana muscles in fifth with $1.15B over seven days and $126.84M in the last 24 hours. Nothing says "I'm relevant" like making it into a top-five list.

Curve and Meteora took sixth and seventh, respectively, with $805M and $794M in weekly volume. Their daily numbers came in at $238.20M and $93.34M, separated by $144.86M—which is apparently the going rate for a spot in the "mid-tier DEX" category these