DEX Tokens
377 coins #29 Page 4| | Coins | | | ||
|---|---|---|---|---|---|
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| | 151 | | $ | -0.18% | |
| | 152 | | $ | +0.40% | |
| | 153 | | $ | -0.30% | |
| | 154 | | $ | +10.20% | |
| | 155 | | $ | -2.34% | |
| | 156 | | $ | +10.65% | |
| | 157 | | $ | -1.25% | |
| | 158 | | $ | -6.17% | |
| | 159 | | $ | +0.00% | |
| | 160 | | $ | +4.21% | |
| | 161 | | $ | -0.03% | |
| | 162 | | $ | +0.02% | |
| | 163 | | $ | -12.14% | |
| | 164 | | $ | +4.72% | |
| | 165 | | $ | -3.14% | |
| | 166 | | $ | -2.04% | |
| | 167 | | $ | -7.92% | |
| | 168 | | $ | -2.81% | |
| | 169 | | $ | +0.03% | |
| | 170 | | $ | +0.00% | |
| | 171 | | $ | +0.00% | |
| | 172 | | $ | +0.37% | |
| | 173 | | $ | +1.76% | |
| | 174 | | $ | -2.67% | |
| | 175 | | $ | +0.00% | |
| | 176 | | $ | +0.00% | |
| | 177 | | $ | +1.30% | |
| | 178 | | $ | +0.00% | |
| | 179 | | $ | -15.40% | |
| | 180 | | $ | +1.64% | |
| | 181 | | $ | +0.27% | |
| | 182 | | $ | -0.00% | |
| | 183 | | $ | +0.00% | |
| | 184 | | $ | +0.00% | |
| | 185 | | $ | +4.40% | |
| | 186 | | $ | +0.00% | |
| | 187 | | $ | -0.70% | |
| | 188 | | $ | --% | |
| | 189 | | $ | --% | |
| | 190 | | $ | --% | |
| | 191 | | $ | --% | |
| | 192 | | $ | --% | |
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| | 197 | | $ | --% | |
| | 198 | | $ | --% | |
| | 199 | | $ | --% | |
| | 200 | | $ | --% | |
Trending DEX Tokens
| Coins | Price | 24h | |
|---|---|---|---|
| | | $ | -2.43% |
| | | $ | -3.50% |
| | | $ | +4.56% |
| | | $ | +1.90% |
| | | $ | +2.39% |
Top gainers
| Coins | | | |||
|---|---|---|---|---|---|
| | | $ | +34.08% | ||
| | | $ | +11.38% | ||
| | | $ | +10.63% | ||
| | | $ | +9.93% | ||
| | | $ | +6.72% | ||
| 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.