DeFi Projects with the Highest Volumes: Will they lead the next run?

published on 09 November 2023

The DeFi space has witnessed remarkable growth and innovation since the DeFi Summer of 2021. With more users and investors entering the space, the demand for DeFi products and services has surged.

As we look ahead, it's crucial to keep an eye on DeFi projects with the highest volumes, as they often indicate strong user adoption and potential for future growth. In this article, we'll highlight some of the most promising DeFi projects commanding substantial trading volumes.

1. PancakeSwap:

PancakeSwap is a leading decentralized exchange (DEX) and automated market maker (AMM) running on the Binance Smart Chain (BSC). PancakeSwap's user-friendly interface and low transaction fees have made it a popular choice for traders and liquidity providers. The platform offers opportunities to trade, earn rewards, and win NFTs.

Volume: $416,43M

2. 1inch Network:

The 1inch Network is a distributed DeFi aggregator that optimizes trades across various protocols and multiple blockchains. It aims to provide users with the best possible trading routes and prices by splitting orders across different liquidity sources.

Volume: $323,48M

3. Aave Protocol:

Aave Protocol is an open-source, non-custodial liquidity protocol that allows users to earn interest on their deposits and borrow assets. It has been a cornerstone of the DeFi lending and borrowing space.

Volume: $136,5M

4. SushiSwap:

SushiSwap is an automated liquidity protocol and decentralized exchange built on Ethereum. It offers features similar to Uniswap but with additional yield farming opportunities, such as staking SUSHI tokens and providing liquidity to earn rewards.

Volume: $102,6M

5. Venus Protocol:

Venus Protocol operates as an algorithmic money market and stablecoin protocol. It enables users to supply collateral and mint stablecoins like VAI while earning interest.

Volume: $32,65M

6. Compound:

Compound is an algorithmic, autonomous interest rate protocol on Ethereum. It allows developers to build various financial applications, including lending and borrowing platforms, using its interest rate model.

Volume: $30,63M

7. Stargate:

Stargate is a composable omnichain native asset bridge that allows seamless asset transfer and interoperability between different blockchain networks.

Volume: $28M

8. Odos:

Odos is a DeFi aggregator that focuses on optimizing token swaps and finding the most efficient paths for users to save on transaction fees and maximize returns.

Volume: $25,45M

9. Radiant:

Radiant presents itself as the new central bank of DeFi, offering a suite of financial products and services on various blockchains.

Volume: $21,9M

10. GMX:

GMX is a decentralized perpetual exchange where users can trade Bitcoin (BTC), Ethereum (ETH), Avalanche (AVAX), and other assets with leverage directly from their wallets.

Volume: $19,45M

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