Leading cryptocurrency data aggregator CoinGecko has recently released the list of top 10 blockchains by their trading volume on decentralized exchanges (DEX) in Q1 of 2025 as part of their overall quarterly crypto report.
According to CoinGecko, the total market cap fell by 18.6% in Q1 of 2024, even after reaching a year-to-date high of $3.8 trillion. Among the cryptocurrencies, Bitcoin retained its dominance, accounting for 59.1% of the total crypto market cap.
As per CoinGecko, Solana continued its dominance of on-chain spot decentralized exchange trades from end-2024, accounting for 39.6% of all trades in Q1 2025.
Top 10 Blockchains by DEX Trading Volume for Q1 2025
The aggregator CoinGecko has also compiled a list of the top 10 blockchains by DEX trading volume for Q1 in 2025.
1. Ethereum (30.1 %)
Ethereum (ETH) is a proof-of-stake blockchain that powers decentralized applications (dApps) through smart contracts, without being controlled by a centralized entity.
The current price of Eth is $1,799 and it has increased by 0.1% in 24 hours. Its current market cap is $217,733,405,139. Currently its 24-hour trading volume is $9,940,518,470.
2. Solana (23.4%)
Solana (SOL) a layer 1 blockchain, offers its users a fast speed and affordable costs that support the smart contracts and decentralized applications (dApps). The current price of SOL is $149.92 and it has increased by 2.0% in 24 hours. Its current marketcap is $77,560,885,547. Currently its 24 hours trading volume is $2,543,804,171.
3. Base (13%)
Base is an NFT collection. The current price of Base is 0.001 ETH and it has increased by 0.0% in 24 hours. Its current market cap is 485.07 ETH. Currently its 24-hour trading volume is 0.005 ETH which is an increase of 66.7%.
4. Arbitrum (11.2%)
Arbitrum is a rolling chain designed to improve the scalability of Ethereum. It’s a rolling chain in layer 2 solution that processes transactions and reduces the load of the Ethereum network. The current price of Arbitrum is 0.3393 ETH and its decreased by 0.6% in 24 hours. Its current market cap is $1,612,849,831. Currently its 24-hour trading volume is $104,563,208.
5. BNB Chain (10%)
BNB Chain is a blockchain ecosystem built by Binance, comprising the BNB Smart Chain (BSC) and the BNB Beacon Chain. It’s native token, BNB, is currently trading at $606.40 with total market cap of $88.46 billion and $584 million in daily trading volume.
6. THORChain (3%)
THORChain is a decentralized liquidity protocol that facilitates cross-chain swaps of cryptocurrencies by allowing users to exchange assets across different blockchains like Bitcoin and Ethereum without needing wrapped or pegged assets.
7. TRONDAO (2.1%)
TRON DAO is a community-governed, decentralized autonomous organization (DAO) that governs the TRON blockchain. Its native token, TRON, is currently valued at $0.24 with $23.43 billion as its market cap.
8. Sui Network (2%)
Sui Network is an innovative layer 1 blockchain platform that is crafted to meet the demands of global adoption and scalable environments. The current price of Sui Network is $3.61 and it has increased by 0.8% in 24 hours. Its current market cap is $12,058,928,179. Currently its 24-hour trading volume is $1,530,756,857.
9. Avalanche (1.6%)
Avalanche is a blockchain platform that can deploy DApps via smart contracts on this platform that requires validators securing the network through proof-of-stake consensus protocol. Its native token, Avax is currently priced at $22.28 with $9.27 billion as its market cap and $340 million as its 24-hour trading volume
10. Sonic Labs (1.2%)
Sonic Labs functions as an Ethereum Virtual Machine (EVM) layer-1 blockchain, aiming to offer a seamless and efficient platform for dApps. Its native token, $S is currently priced at $0.53 with $1.7 billion as market cap and $99 million as 24-hour trading volume.
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