FermiSwap
FermiSwap is a single-chain decentralized exchange. Reports $48M in 24-hour trading volume. Runs on Ethereum.
| Architecture | Single-chain |
|---|---|
| Website | |
| 24-hour volume | $48M |
| Chains | Ethereum |
Figures from the 25 September 2026 build snapshot. Open the live view for the current rankings.
Architecture
Single-chain — the protocol runs on one blockchain.
Custody note
The protocol holds nothing: a trade routes through code the trader signs, and the tokens never sit in a company's balance. That is not the same as the ASSETS traded being self-custody — a stablecoin issuer can freeze a USDT or USDC balance, and a wrapped coin like WBTC represents Bitcoin held in third-party custody. The venue's custody model does not travel through to the assets on it.
Known markets on FermiSwap
No curated markets are recorded for FermiSwap on this build. DEX ticker coverage grows as tail assets that FermiSwap pools appear in the top-N snapshot.