Consumer Advisor

DEX (Decentralised EXchange) trading volume has absolutely exploded this year — we're now consistently above $150–200 billion monthly across spot and perpetuals combined (DeFiLlama & CoinGecko data as of mid-November 2025). Perpetual futures have officially overtaken spot trading, with Hyperliquid alone doing $5–10B+ daily on some days. This guide is based on real-time data from DeFiLlama, CoinGecko, Dune Analytics, and direct on-chain metrics. No fluff — just ranked, battle-tested platforms that real whales and retail traders are using right now. 1. Uniswap (V3 + V4) – The Undisputed King of Spot DEXs Primary Chains : Ethereum mainnet + L2s (Base, Arbitrum, Polygon, Optimism, zkSync, Blast) 24h Volume (Nov 18) : ~$2.8–3.5B TVL : $5.4B+ Fees : 0.01%–1% (tiered pools); V4 hooks make custom fee logic possible Why #1 for Spot : Deepest liquidity for ETH pairs and long-tail tokens. Uniswap V4's "hooks" allow insane customization (dynamic fees, on-chain limit orders, i...