There's a stat that's just as important as a DEX's total volume.


Top 10 DEXs by 30-day average trading volume per user:
1. @CurveFinance → $103.2K (+127.8%)
2. @tokenlon → $67.6K (+215.3%)
3. @CoWSwap → $46.9K (+75.6%)
4. @1inch → $25.9K (+197.1%)
5. @KyberNetwork → $22.9K (+350.9%)
6. @PharaohExchange → $18.8K (-16.1%)
7. @LFJ_gg → $13.7K (-23.7%)
8. @AerodromeFi → $13.1K (+203.5%)
9. @VelodromeFi → $10.5K (+268.0%)
10. @Uniswap → $9.4K (+80.2%)
This isn't institutions vs retail.
Curve owns stablecoin swaps. Uniswap handles everything.
The split is use case specialization.
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