DEX Tokens
377 coins #29 Page 3| | Coins | | | ||
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| The coins below are ranked lower due to missing data. Learn more | |||||
| | 101 | | $ | --% | |
| | 102 | | $ | --% | |
| | 103 | | $ | --% | |
| | 104 | | $ | --% | |
| | 105 | | $ | --% | |
| | 106 | | $ | --% | |
| | 107 | | $ | --% | |
| | 108 | | $ | --% | |
| | 109 | | $ | --% | |
| | 110 | | $ | --% | |
| | 111 | | $ | --% | |
| | 112 | | $ | --% | |
| | 113 | | $ | --% | |
| | 114 | | $ | --% | |
| | 115 | | $ | --% | |
| | 116 | | $ | --% | |
| | 117 | | $ | -3.28% | |
| | 118 | | $ | -4.41% | |
| | 119 | | $ | -1.79% | |
| | 120 | | $ | -5.50% | |
| | 121 | | $ | -3.75% | |
| | 122 | | $ | -0.44% | |
| | 123 | | $ | +0.00% | |
| | 124 | | $ | -2.76% | |
| | 125 | | $ | +3.19% | |
| | 126 | | $ | +0.00% | |
| | 127 | | $ | -6.22% | |
| | 128 | | $ | +4.93% | |
| | 129 | | $ | -0.06% | |
| | 130 | | $ | -8.16% | |
| | 131 | | $ | -7.00% | |
| | 132 | | $ | +0.09% | |
| | 133 | | $ | -6.37% | |
| | 134 | | $ | -3.42% | |
| | 135 | | $ | -2.65% | |
| | 136 | | $ | -3.27% | |
| | 137 | | $ | -5.38% | |
| | 138 | | $ | -8.32% | |
| | 139 | | $ | -3.43% | |
| | 140 | | $ | -2.80% | |
| | 141 | | $ | +9.14% | |
| | 142 | | $ | -4.31% | |
| | 143 | | $ | -1.79% | |
| | 144 | | $ | -11.61% | |
| | 145 | | $ | -3.75% | |
| | 146 | | $ | -1.33% | |
| | 147 | | $ | +4.18% | |
| | 148 | | $ | -0.72% | |
| | 149 | | $ | -0.00% | |
| | 150 | | $ | -8.84% | |
Trending DEX Tokens
| Coins | Price | 24h | |
|---|---|---|---|
| | | $ | -7.68% |
| | | $ | -6.42% |
| | | $ | -6.63% |
| | | $ | -6.07% |
| | | $ | -0.75% |
Top gainers
| Coins | | | |||
|---|---|---|---|---|---|
| | | $ | +3.40% | ||
| | | $ | +1.36% | ||
| | | $ | -0.32% | ||
| | | $ | -0.75% | ||
| | | $ | -1.76% | ||
| All gainers | |||||
What is a DEX token?
A DEX token is the native cryptocurrency of a decentralized exchange (DEX)—used to pay trading fees, vote on protocol upgrades, stake for liquidity rewards, and unlock tiered benefits like lower fees or early-access pools.
Unlike CEX coins, DEX tokens govern fully on-chain markets that run via smart contracts, eliminating custodial risk.
Top tokens (UNI, CAKE, SUSHI, CRV) collectively command >$25 B market cap and underpin >$2 B in daily spot & derivative volume.
Quick Facts
- Purpose: Governance, fee discounts, liquidity mining incentives, staking yield.
- Blockchains: 90 % Ethereum; also BNB Chain, Polygon, Arbitrum, Solana.
- Supply model: Fixed or emission-based; often quarterly buy-back & burn funded by swap fees.
- Fee share: Curve (50 % to veCRV), PancakeSwap (CAKE buy-burn), dYdX (USDC rebates).
- TVL: Top 10 DEXs hold >$120 B in liquidity pools.
Top DEX Tokens (Live Examples)
| Token | Ticker | DEX / Chain | 2024 Utility Highlights |
|---|---|---|---|
| Uniswap | UNI | Uniswap v3/v4 (Ethereum) | Govern 0.05 % fee switch, v4 hooks, 7-day timelock. |
| PancakeSwap | CAKE | PancakeSwap v3 (BSC) | Stake for 50x farm boost, IFO lottery, perpetual rebates. |
| SushiSwap | SUSHI | SushiSwap (Ethereum) | Vote on Onsen farms, Kanpai fee redirection, SUSHI bar staking. |
| Curve DAO | CRV | Curve (Ethereum) | Lock for veCRV → gauge weights + 50 % protocol fees. |
| 1inch | 1INCH | 1inch Aggregator | Govern resolver rewards, Pathfinder upgrades. |
| dYdX | DYDX | dYdX v3 (StarkWare) | Trade fee discounts, stake for USDC safety pool. |
| Trader Joe | JOE | Trader Joe (Avalanche) | sJOE revenue share, rJOE launchpad tickets. |
| Raydium | RAY | Raydium (Solana) | Fusion pool weights, acceleRAYtor IDO access. |
How It Works
- User swaps 1 ETH → USDC; 0.3 % fee added to liquidity pool.
- LP tokens staked in farm to earn DEX token emissions.
- Token holders vote to turn on protocol fee switch → buy-back & burn.
- Staking tiers – lock 10 k CAKE for 50 % lower perpetual fees.
- Governance proposals – new pairs, emission schedules, cross-chain deployments execute automatically via timelock.
Benefits
- Fee discounts – pay 0.2 % instead of 0.3 % when using native token.
- Yield farming – triple-digit APR during launch phases (unsustainable but lucrative).
- Revenue share – Curve 50 %, Trader Joe ~20 % of swap fees to stakers.
- Launchpad access – IFO/IDO lotteries require token stake (CAKE, JOE, RAY).
- Self-custody – no KYC, no withdrawal limits, 24/7 uptime.
- Composable leverage – stake LP tokens in lending pools for extra loops.
Risks & Trade-offs
- Impermanent loss – LP positions can underperform vs HODL during volatile moves.
- Token dilution – high emission schedules pressure price unless buy-backs offset.
- Smart-contract risk – >$3 B hacked across DEXs (Ronin, Wormhole, BSC forks).
- Front-running – sandwich bots extract ~$400 M yearly from AMM users.
- Regulatory fog – SEC labels some DEX tokens as securities; front-ends geoblock US IPs.
- Gas costs – Ethereum L1 swaps can cost $50+ during congestion; L2 rollups mitigate.
Final Thoughts
DEX tokens are programmable equity in the world’s largest 24/7 marketplaces: holders own the cash-flow, vote on fee switches, and capture value as trading volume grows.
The upside is double-digit staking yields and permissionless innovation; the downside is dilution, impermanent loss, and smart-contract exploits.
Farm the yields, vote on gauges, but size positions knowing that APR often comes from inflation—and never stake more than you can afford to see slashed by a bug.