According to TechFlow, coingecko released a study showing that Uniswap is the largest decentralized cryptocurrency exchange (DEX), accounting for 64.6% of the DEX market. In June 2023, its trading volume fell to US$29.5 billion, a month-on-month decrease of -10.5%, while in May 2023 it was US$32.9 billion.

Curve is the second largest DEX with 11.5% market share and spot trading volume of $5.2 billion in June 2023. This is a 73.9% increase month-on-month.

PancakeSwap and Dodo recorded $3 billion each, ranking as the third and fourth largest DEXs, accounting for 9.5% and 7.2% of the market share, respectively. In June 2023, their spot trading volumes were $4.3 billion and $3.3 billion, respectively, up -29.2% and 63.3% month-on-month, while in May they recorded $6.1 billion and $2 billion, respectively.