# DEX Market Sees Resurgence in Early April as Emerging Chains Surge

April’s first week witnessed a resurgence in the decentralized exchange (DEX) market, marked by a noticeable upswing. Emerging chains such as Verachain (BERA) and Mantle are reporting a surge in trading volumes, potentially shifting market dynamics. According to DefiLlama, DEX trading volume reached $51.292 billion from March 29 to April 4.

# Ethereum and Solana Maintain Their Lead

Ethereum (ETH) and Solana (SOL) remain at the forefront. Over the seven-day period, Ethereum recorded a trading volume of $12.44 billion, holding 26.51% of the total DEX market share with a 15.52% weekly increase. Its Total Value Locked (TVL) stood firm at $7.781 billion, maintaining the top position.

Solana ranked second with a trading volume of $11.336 billion, marking a 20.02% increase. Its TVL came in at $2.113 billion, following Ethereum. In contrast, Binance Smart Chain (BSC) experienced a significant drop, falling 33.56% to $7.007 billion.

# Mantle and Verachain Record Surging Volumes, Shifting DEX Landscape

Mantle emerged as the strongest performer this week, with its trading volume soaring 2412% to $3.245 billion. Base also showed a substantial increase of 70.24%, reaching a trading volume of $4.345 billion, while its TVL stood at $1.399 billion, accounting for a 10.57% market share.

Verachain (BERA) saw a notable rise of 44.32%, achieving a trading volume of $843 million. Sui (SUI) joined the growth trend with a 68.9% increase, recording $1.944 billion in trading volume. Although these chains have lower TVLs, the surge in trading volumes indicates strong inflows.

On the other hand, Avalanche (AVAX) and HyperLiquid (HYPE) experienced declines. Avalanche’s trading volume dropped by 25.62%, totaling $751 million, while HyperLiquid decreased by 19.41% to $753 million.

# DEX Narrowing the Gap with CEX, Spotlight on Emerging Chains

The overall DEX trading volume saw an uptick to approximately $51.3 billion, maintaining a market share of around 32% against centralized exchanges (CEX). The sustained interest in decentralized trading is driven by the momentum of emerging chains.

Market insiders note that the inflow from these emerging chains is enhancing the liquidity and diversity of the DEX market. They highlight, “DEX trading volumes provide insights into the growth trajectories of individual chains, which TVL alone may not capture.”