DEX Volume
Total swap value on decentralized exchanges in 24h.
DEX volume: DeFi activity barometer. Rising volume + flat price = real network use. DEX/CEX ratio rising structurally since 2020 = market maturity. Top DEXes: Uniswap, PancakeSwap, Curve, Raydium/Jupiter.
In plain words
A DEX is an exchange without an owner: you swap directly with another user through a smart contract. 24h volume tells you how much money flowed through. High volume with calm price = real usage, not just speculation.
Example
Uniswap avg 24h: $1.5-2B in 2025. Memecoin pump: Raydium did $8B/day (Nov 2024 WIF/BONK hype). ETH DEX/CEX ratio: ~25%.
Also known as: dex volume 24h, wolumen DEX, decentralized exchange volume