DEXes Are Dying… Except This One 🚀
Uniswap ($UNI) and PancakeSwap ($CAKE) still dominate DEX spot trading volume, but a worrying trend is emerging. Most major DEXs have seen a significant drop in volume over the last 30 days – a clear sign of tightening liquidity and reduced risk appetite. 📉
However, there’s a twist! PumpFun on Solana ($SOL) is bucking the trend with impressive volume growth. This suggests money isn’t *leaving* DeFi, it’s chasing high-risk, high-reward opportunities instead of traditional spot trading.
Uniswap and PancakeSwap remain giants, but the widespread decline signals a defensive market. Liquidity is flowing towards the hottest, riskiest plays. 👀
UNIUSDT
Perp
5.888
-4.49%
CAKEUSDT
Perp
1.8051
-0.99%
SOLUSDT
Perp
124.14
-1.36%
