On-chain Dollar Token Trading Stays Busy This Month Stablecoin DEX volume stayed heavy over the past 30 days. Data shared on October 10, 2026, shows $161.4 billion traded across 35 venues. Th
Stablecoin DEX volume stayed heavy over the past 30 days. Data shared on October 10, 2026, shows $161.4 billion traded across 35 venues. This report covers the leaders and the limits of the data.
DEX, short for decentralized exchange, lets users trade tokens from their own wallets. Stablecoins are tokens built to hold a steady value, often one US dollar. Readers can find more updates in our latest crypto news section.
Uniswap v4 held 25.7% of the 30-day total. Uniswap v3 followed with 21.5%. Together, they account for 47.2%, or roughly $76.2 billion.
PancakeSwap ranked third with 8.7%. BisonFi took 6.0%, while Aerodrome held 5.3%. The table below lists all the top 10 venues.
Venue
Share of 30-Day Trading
25.7%
Uniswap V3
21.5%
PancakeSwap
8.7%
BisonFi
6.0%
Aerodrome
5.3%
Orca Whirlpools
4.5%
Tessera V
4.0%
Hyperliquid Spot
3.7%
Fluid DEX
3.6%
Meteora
2.7%
Source: Official X Post
The first-place venue holds nearly three times the share of PancakeSwap. The first two places differ by 4.2 percentage points.
The top 10 venues hold about 85.7% of the total.
The other 25 venues share the remaining 14.3%.
The list mixes platforms from different blockchains, such as Aerodrome, Orca, and Hyperliquid Spot.
Liquidity means how easily a token trades without moving its price much. Deeper pools often handle larger swaps with less price impact. Tracking stablecoin DEX volume shows where that depth gets used most.
Stablecoins often serve as the base pair in swaps, so their activity offers a useful view of onchain demand. Uniswap explains its v4 pool design in itsofficial documentation.
These figures form a 30-day snapshot from one data provider. Other trackers may count venues differently, so totals can vary. The chart also does not show who placed the trades.
Any report on stablecoin DEX volume should note these limits. Readers can check thelive trading dashboard for the full dataset.
Two signals stand out in this dataset. Concentration is high at the top, since two products hold nearly half. Participation is wide, since 35 venues recorded activity.
Stablecoin DEX volume alone cannot explain why traders pick a venue. Fees, chain choice, and pool depth can all play a part. This view rests only on the shared data and is not a forecast.
Future 30-day windows will show whether today’s shares hold. Readers can track three points:
Whether the two Uniswap versions keep a combined share near 47.2%.
Any new venue entering the top 10 list.
Changes in the 25-venue tail beyond the top 10.
Shifts in total activity from the current $161.4 billion level.
The 30-day data shows a market led by two Uniswap versions, with many smaller platforms behind them. Stablecoin DEX volume of $161.4 billion shows how active on-chain dollar trading remains.
The figures describe a snapshot, not a trend or a ranking of quality. Readers should compare fresh data before judging any single venue. Follow our on-chain market updates for the next reading.
YMYL Disclaimer: This article is for educational and informational purposes only. It does not offer financial advice, price predictions, or return guarantees. Readers should do their own research before making any decision.
