Cardano Ascends to 9th Largest DEX Chain by Trading Volume

In a significant development, Cardano (ADA) is making waves in the decentralized finance (DeFi) landscape, soaring to the ninth spot on the list of the world’s largest decentralized exchanges. This achievement puts Cardano in a prominent position, showcasing its growing influence within the DeFi ecosystem.

According to data from DefiLlama, a DeFi TVL aggregator committed to providing accurate data, Cardano\'s trading volume over the past 24 hours exceeded $12 million, with a weekly average of $50 million. Cardano, a blockchain that is only growing in popularity, is now the ninth-largest decentralized (DEX) blockchain by trading volume in the world.

This surge in activity is partly fueled by the success of decentralized exchanges built on the Cardano blockchain. Minswap has established itself as the largest decentralized exchange on Cardano by trading volume and liquidity. Launched in 2025 as a multi-pool automated market maker, Minswap and other DEX platforms are contributing significantly to Cardano\'s overall DEX volume.

The increased trading activity is also reflected in the price of ADA. Recently, DEX trading volume hits $22.35M in 24 hours, highest since December 2025; ADA price surges 20% to $1.21, reaching highest level since 2025; Market cap exceeds $40B, further solidifying the network\'s growing strength.

In a significant development, Cardano has solidified its position in the DeFi landscape by ascending to the ninth position among the world\'s largest decentralized DEX. The future looks bright for Cardano as it continues to innovate and attract new users to its burgeoning DeFi ecosystem.