Uniswap price has done well this year, as it surged by over 145%. The rally happened as volume in its network jumped, bringing the cumulative total to over $1.5 trillion. It also soared after the developers announced the upcoming launch of UniChain, its layer-2 network. Still, other DEX crypto tokens are doing better as their market share rose.
Best DEX crypto tokens to buy
Uniswap has been one of the best-performing DEX tokens for a long time because of its role in the crypto industry. Still, Raydium (RAY), Cetus (CET), and Hyperliquid (HYPE) are better assets to buy and hold.
Raydium (RAY)
Raydium is one of the best DEX tokens to buy because of the ongoing market share gains by the biggest network in the Solana ecosystem.
According to DeFi Llama. Raydium’s volume has jumped this year because of the growing market share of Solana meme coins. Some of the most notable of these coins are Bonk, Dogwifhat, Peanut the Squirrel (PNUT), and Popcat. These tokens have gained a market cap of over $20 billion.
Raydium’s DEX TVL has jumped to over $2 billion, while the seven-day volume was over $14 billion. This volume made it the third-biggest DEX network in the industry after Uniswap and PancakeSwap. Still, Raydium has tried because it operates in just one chain, while the others operate in multiple chains.
Raydium price has done well this year as it jumped by over 260%, much higher than Uniswap’s 145%. This trend may continue in the coming years as it gains market share.
Cetus (CET)
Cetus is another top DEX crypto token that is gaining market share. It has grown to become the biggest DEX network on Aptos and Sui, two of the fastest-growing chains in the crypto industry.
Cetus Protocol is a DEX protocol that enables users to swap, earn, and build on the Move-based liquidity protocol. Users love Cetus because of its low transaction costs. Data shows that Cetus volume has jumped, with the cumulative total being over $25.6 billion.
Cetus Protocol’s weekly volume rose by over 17% to over $1.8 billion. This trend may continue growing as the Sui and Aptos blockchains gain market share. The Cetus token price has surged by over 285% this year, beating Uniswap.
Hyperliquid (HYPE)
Hyperliquid is another DEX crypto to buy and hold. Unlike the other two, this one just launched its airdrop a few weeks ago. Its token has done well since then, valuing it at more than $7.2 billion. Its fully diluted valuation has soared to over $26 billion.
Hyperliquid has grown into the biggest perpetual futures exchange, with a cumulative volume of over $527 billion. It is much bigger than the other networks like Jupiter, SynFutures, Apex Protocol, dYdX, and GMX.
Heperliquid is a better alternative to Uniswap because of its strong market share and the vast volume it is handling each day.
Some of the other DEX tokens to invest in are Orca, Sun.io, Thena, and Pendle.
