There has been a number of great performing DEXs based on price performance. Ten of these have been ranked with DODO fetching 110% and coming in at last place, while PancakeSwap got first place with a whopping 1,517%.
Top DEX Performance in 2021
As seen in a tweet by Ben GCrypto posted on his Twitter, the top ten decentralized exchanges (DEXs) that performed well during 2021 all took home over 110%.
The highest DEX based on market cap was still PancakeSwap at $2.9 billion. Surprisingly, in third place, IDEX took home 470% with a massive $124 million in market cap.
According to the tweet, a number of the DEX tokens have been able to achieve great results as the growing trend is continuing. Out of the ten that were ranked, six of these DEXs were able to take home over 200% with Gnosis at 6th place taking home a decent 241%.
This means that in the best case scenario, if an investor puts in $100 in PancakeSwap, their initial investment would then become over $1.5K. In the worst case scenario, their investment would still double with DODO.
Here are the Top 10 Highest Profitable DEX in 2021:
PancakeSwap
Cryptocurrency ticker: CAKE
Year to date performance: positive 1,517 percent
Total market cap: 2.9 billion USD
Deus Finance
Cryptocurrency ticker: DEUS
Year to date performance: positive 640 percent
Total market cap: N/A
IDEX
Cryptocurrency ticker: IDEX
Year to date performance: positive 470 percent
Total market cap: 124 million USD
VITE
Cryptocurrency ticker: VITE
Year to date performance: positive 332 percent
Total market cap: 48 million USD
UniLayer
Cryptocurrency ticker: LAYER
Year to date performance: positive 270 percent
Total market cap: 6.4 million USD
Gnosis
Cryptocurrency ticker: GNO
Year to date performance: positive 241 percent
Total market cap: 702 million USD
Thorchain
Cryptocurrency ticker: RUNE
Year to date performance: positive 199 percent
Total market cap: 1.7 billion USD
Curve
Cryptocurrency ticker: CRV
Year to date performance: positive 194 percent
Total market cap: 1.9 billion USD
Loopring
Cryptocurrency ticker: LRC
Year to date performance: positive 179 percent
Total market cap: 1.5 billion USD
DODO
Cryptocurrency ticker: DODO
Year to date performance: positive 110 percent
Total market cap: 208 million USD
Luckily, for investors in the top ten DEX in 2021, the price appreciation has been rather massive.
The same, however, may not be said with the current year as the crypto market has shifted quite a bit from DEX and DeFi platforms to the Metaverse and Web3 tokens, as seen on CoinMarketCap.
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Web3 Tokens Now Hot
As for the majority of CoinMarketCap web3 tokens, positive gains can be seen throughout the last seven days. As a matter of fact, DOT is currently in the lead among web3 tokens thanks to its positive 8.96% gain over the last seven days.
As of writing, however, all web3 tokens were red during the last 24 hours. In the last seven days, however, the coins were all able to bring in positive returns aside from Chainlink or LINK, which took home a negative 13.73% over the last seven days.
Top 10 Decentralized Exchanges by Price Performance in 2021
— Ben GCrypto (@GCryptoBen) January 17, 2022
A huge number of decentralised exchange tokens have achieved a great results, and the growing trend continued.$CAKE $DODO $LAYER $RUNE $IDEX $VITE $DEUS $GNO $CRV $PERP $LRC pic.twitter.com/ec2cZAfXPh
Related Article: Ethereum Founder Vitalik Made a Poll with ADA Winning Top Choice Aside from ETH | Follow Up Showed TRON as Winner?
This article is owned by Tech Times
Written by Urian B.
