00:00There's no single best DX.
00:02The answer depends on chain and trade type.
00:04For Ethereum-based spot swaps, Uniswap remains the volume leader,
00:09producing $1.94 billion in 24-hour volume,
00:13about 27% of total DX activity per defylamma.
00:18For lower fees on similar liquid pairs,
00:20PancakeSwap on BNB chain is cheaper to use.
00:24Its 30-day volume sits around $54 billion,
00:26with fees from 0.01% on stables up to 1% on long-tail pairs,
00:33and transaction costs run $5.30 versus $1.00 to $5.00 on Ethereum during congestion.
00:39The liquidity depth on major pairs still favors Uniswap.
00:43CoinLaw Plus 2
00:44Ranked by use case
00:45Ethereum-slash-EVM blue-chip spot trading
00:49Uniswap
00:50Deepest liquidity on ETH-slash-USDC and ETH-slash-USDT
00:55Higher gas costs
00:57Low-cost frequent swaps
00:59PancakeSwap Infinity CLNM
01:02Near-identical AMM design
01:03Far lower fees
01:05But 21 active BNB chain validators raise centralization concerns
01:09Solana Ecosystem
01:11Orca leads Solana DX volume,
01:14With $6.76 billion in 30-day volume
01:17And $162 million in 24-hour volume
01:21As of April 27, 2026, ahead of Radium and Meteora
01:26Radium remains the dominant venue for new token launches via LaunchLab
01:31ECO
01:32Base chain
01:33Aerodrome is the largest DX on base by both TVL and volume,
01:38With roughly $45 billion in 30-day volume
01:41ECO
01:42Perpetual-slash-derivatives trading
01:44Hyperliquid dominates with $245.244 billion in trailing 30-day perpetual volume,
01:52A 36.47% share of the category, and $5.903 billion TVL as of June 24, 2026,
02:01Running its own order book L1 rather than an AMM
02:05Coin Law
02:05The answer changes by context
02:08Spot vs. Perpetual trading calls for entirely different platforms
02:12Gas-sensitive small traders should prioritize BNB-slash-Solana
02:17Base over Ethereum mainnet
02:19Institutional-sized trades need Uniswap's or Hyperliquid's deeper order books to limit slippage
02:25These figures are volatile month-to-month, so treat them as directional, not fixed
02:30Practical takeaway
02:31Pick by chain and trade size first
02:34Uniswap for Ethereum liquidity
02:36PancakeSwap or Solana DXs for cost efficiency
02:40Hyperliquid for perpetuals
02:41Then verify current volume and fees on DeFiLama before committing capital
02:46Finally, remember that everything we discussed today is for educational purposes only and
02:52does not constitute financial advice
02:54Good luck to everyone, and see you in the next video