Which DEXs gained share this week?

TLDR

DEX winners this week: Solana DEXs led by Jupiter gained share as Solana volumes topped peers, per media coverage of weekly DEX activity (chain volume snapshot).

1. Hyperliquid strengthened in perps with leading weekly volumes and OI, indicating share gains in derivatives DEXs (weekly overview).
2. Uniswap saw a surge in attention and volumes around its fee?switch proposal, likely lifting its share short term (proposal coverage).
3. On Avalanche, Blackhole captured about 35% of DEX volume over 7 days, a clear intra?chain share gain (project update).

Deep Dive

1. Solana DEXs

Solana (SOL) venues, led by Jupiter, gained share as chain?wide DEX volumes outpaced Ethereum and BNB.

1. Reports cite Solana DEX volume at $3.86 billion this week versus Ethereum and BNB, signaling user and liquidity rotation into Solanas DeFi (volume snapshot).
2. Jupiter is highlighted as anchoring Solanas DeFi with multi?billion TVL, reinforcing its role as the leading router on the chain (market overview).
3. Additional media noted single?day surges above $5 billion in Solana DEX volume, consistent with growing chain share (market recap).

2. Hyperliquid And Perps DEXs

Perpetuals DEXs saw notable share growth, with Hyperliquid leading.

1. Weekly data places Hyperliquid at the top of perps activity by volume and among the highest in open interest, suggesting sustained share gains in derivatives DEXs (weekly overview).
2. Emerging venues like Lighter reported rapid growth, major funding, and impending spot markets, a setup that could further shift DEX share if adoption continues (funding update).
3. Community data points to rising mindshare and traffic for perps DEXs even versus major CEXs, reinforcing the structural share shift toward on?chain trading (community summary).

3. Uniswaps Week

Uniswap (UNI) saw a week of heightened attention and likely volume lift amid fee?switch news.

1. The proposal to activate protocol fees and unify incentives drove a sharp sentiment and activity spike, which can temporarily boost market share (proposal coverage).
2. Real?time indicators show increased mindshare for Uniswap during the week, consistent with a short?term share improvement (mindshare note).
3. Longer?term context shows UNIs share had slipped materially since 2023; whether this weeks gains persist depends on execution and user economics post?governance (trend context).

Conclusion

This weeks DEX share gains clustered around Solana spot venues (Jupiter), leading perps platforms (Hyperliquid), and catalyst?driven Uniswap. Intra?chain winners like Blackhole on Avalanche also expanded share. The practical lens is to monitor chain?level volumes, DEX?specific OI and traffic, and confirmed product changes. Risk remains that attention spikes fade if incentives or execution dont hold.