How Did Stablecoin DEX Volume Reach $161.4 Billion in 30 Days?

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. 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.

Two Protocol Versions Capture Nearly Half of the Trading

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.

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.

Key points from the chart:

• 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.

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