Top 8 DEXs to watch out for in July 2025

Key Points

1. SushiSwap is a decentralized exchange on Ethereum, offering services like BentoBox and supporting multiple blockchains, with the $SUSHI token enabling governance and rewards.

2. 1inch is a DEX aggregator that sources liquidity from various DEXs to provide the best token swap rates, without its own liquidity pool.

3. PancakeSwap V3 is a popular DEX on Binance Smart Chain, featuring concentrated liquidity and an Automated Market Maker system for easy trading.

4. Orca is a leading DEX on Solana, offering near-instant swaps and deep liquidity for traders, liquidity providers, and token creators.

5. Raydium combines AMM-style swaps and order book liquidity through integration with Serum, providing users with versatile trading options.

6. dYdX is a high-performance DEX for pro traders, featuring advanced order types, deep liquidity, and leverage up to 20X.

7. Shadow Exchange optimizes liquidity utilization and reduces slippage, offering a user-friendly trading experience.

8. THORChain enables native asset swaps without wrapped or pegged assets, powered by Cosmos SDK and Tendermint, with the RUNE token for settlements and governance.