Jupiter Maintains DEX Aggregator Lead as Wowmax Exchange Posts Major Growth

馃殌 Jupiter's reign continues

By Hashflow
Dec 15, 2025, 3:53 PM
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Jupiter continues its dominance in the DEX aggregator space, leading weekly trading volume for another consecutive period.​

Top performers by volume:

  • Jupiter holds the #1 position
  • CowSwap secures second place
  • OKX Dex rounds out the top three

Biggest growth winners this week include:

  • Wowmax Exchange posting standout gains
  • Navi Protocol showing strong expansion
  • Bluefin delivering notable week-over-week increases

The aggregator landscape shows consistent leadership from established players while newer protocols demonstrate significant momentum in trading activity.​

Sources
Read more about Hashflow

Hashflow Releases December HashBeats Report

**Hashflow published its latest HashBeats report** covering recent developments in the multi-chain DEX ecosystem. The report provides updates on: - Platform performance across supported chains - Trading metrics and user activity - Recent protocol developments Hashflow continues operating as a **slippage-free DEX** across major blockchains including Ethereum, Arbitrum, Avalanche, BNB Chain, Optimism, and Polygon. [Read the full HashBeats report](https://news.hashflow.com/hashbeats-december-5-2/)

USDC Trading Surges Past BTC as Market Structure Shifts

USDC Trading Surges Past BTC as Market Structure Shifts

**USDC trading volumes overtook BTC** as the dominant venue this week, marking a significant shift in market structure. **Key Trading Metrics:** - USDCUSDT emerged as largest venue with P95 at 678.7k - BTCUSDC/USDT dropped to second place at 164.6k P95 - ETHUSDC/USDT remained smallest at 25.7k P95 **Notable Changes:** - USDC volumes increased dramatically from previous weeks - BTC maintained strong position but lost top spot - ETH trading stayed consistent at lower levels The **tiered structure** shows most activity still concentrated in smaller trades, with median sizes ranging from 1.3k to 3.0k across pairs.

Hashflow Volume Drops to $36M as Trading Activity Stabilizes

**Hashflow's weekly trading volume fell to $36M** as the platform focused on system refinements rather than growth. The DEX maintained **1,600+ active traders** with more balanced trade sizes across stables, ETH, and BTC pairs. This consistency allowed market makers to calibrate more effectively. **Key Trading Metrics:** - BTCUSDC/USDT: P95 at $139.6k, P50 at $7.4k - USDCUSDT: P95 at $75.6k, P50 at $3.0k - ETHUSDC/USDT: P95 at $32.9k, P50 at $0.878k **Aggregator Rankings:** - Jupiter Exchange leads weekly volume - CoWSwap and OKX follow - Biggest growth from WowmaxExchange, Navi Protocol, and Bluefin The data shows **small trades dominate the market**, with larger transactions concentrated in BTC pairs. Hashflow positioned this quieter week as foundational work for more durable future flow. [Read the full report](https://news.hashflow.com/hashbeats-november-21-2/)

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