DeFiLlama: DEX volume slid to $6.047B by 28 May after January 2026 decline

DEX activity has cooled sharply, with DEX volume down to $6.047 billion by 28 May after standing near $22 billion in late January 2026. Despite the broader slowdown, Uniswap ($1.428 billion), PancakeSwap ($805.97 million), and Aerodrome ($798.11 million) remained the top venues at press time. The pullback has coincided with week-on-week drops since the October 2025 crash and a crypto market-cap decline of more than 3% over the last 24 hours.