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Title: Top 8 DEXs to Watch Out for in July 2025
As the decentralized exchange (DEX) market continues to expand and evolve at a rapid pace, it’s essential to stay informed about the most promising platforms. With numerous options available, selecting the right one can be overwhelming, especially if you’re new to the space. In this article, we’ll provide an overview of the top 8 DEXs that are expected to gain traction in July 2025.
1. SushiSwap
SushiSwap is a highly-regarded decentralized exchange built on the Ethereum blockchain. This platform has grown significantly since its inception and now offers BentoBox for capital efficiency, Kashi for lending and margin trading, and more. It has also expanded across multiple blockchains, including Binance Smart Chain, Avalanche, Arbitrum, and Polygon. With a robust $SUSHI token governance system, the community can engage in decision-making processes and benefit from rewards.
2. 1inch
1inch is an innovative DEX aggregator that taps into liquidity pools from various platforms to provide the best possible swap rates for its users. Unlike Uniswap or SushiSwap, 1inch does not maintain a pool of its own liquidity. Instead, it employs Pathfinder, a sophisticated algorithm analyzing trading paths and selecting the most efficient one. Moreover, its Automated Market Maker (AMM) reduces front-running and enhances earnings for liquidity providers.
3. PancakeSwap V3
PancakeSwap V3 stands out as an attractive option for beginners. Its user-friendly interface offers low fees and fast transactions. This DEX is centered on the Binance Smart Chain, which has become increasingly popular in recent times. By leveraging the Automated Market Maker system, both traders and liquidity providers have access to fee earning opportunities.
4. Orca
Orca, a Solana-based DEX, aims to revolutionize trading by offering an unparalleled level of efficiency and transparency. Its V2 release in 2024 has opened doors for four distinct groups: traders, liquidity providers, token creators, and builders. The platform delivers instant swaps with negligible fees and also supports the Whirpools feature that promotes concentration of liquidity.
5. Raydium
Raydium is a Solana-based Automated Market Maker and DEX offering both AMM-style swaps and order book liquidity due to its integration with Serum, a central limit order book-based DEX. This combination allows traders and liquidity providers to benefit from both worlds – speed and reliability. The platform lets users leverage staking opportunities, AMM-style swaps, and order book liquidity.
6. dYdX
dYdX is the only decentralized derivatives exchange in our list that offers perpetual contracts with up to 20 times leverage trading. By leveraging professional-grade order books, traders benefit from faster execution speed, higher depth of market listings, and a high-performance API for users.
7. Shadow Exchange
Source: ambcrypto.com
