Four Decentralized Exchange Tokens Under $5 Million Market Cap

Decentralized exchanges (DEXs) have become the backbone of on-chain trading, offering users more control, transparency, and access to tokens that often never touch centralized platforms. While the spotlight usually shines on the big players, there are plenty of under-the-radar DEX tokens quietly building strong tech and loyal communities. Today, we will be taking a closer look at four decentralized exchange tokens, all sitting below a $5 million market cap. These projects are working to reshape the future of DeFi and could offer early opportunities before the next wave of adoption hits.

BitShares ($BTS) is a decentralized “Blockchain as Organization” (BaO) platform built to run high-performance financial technology operations. It represents the first decentralized autonomous decentralized community that enables its core utility token (BTS) holders to decide the Blockchain future direction in order to develop and maintain a wide range of decentralized financial technology products, features and functions. The all-time high for BTS was recorded on January 2, 2018, at a price unit of $0.9168, while the all-time low was recorded on April 7, 2025, with a price unit of $0.0008578. BTS is listed on exchanges such as Mexc and Gate io.

Serum ($SRM) is a decentralized exchange (DEX) and ecosystem that brings unprecedented speed and low transaction costs to decentralized finance (DeFi). Serum is the only high-performant DEX designed around a fully on-chain central limit order book and matching engine. Ecosystem partners can compose with Serum’s on-chain orderbook to share liquidity and power their trading features for institutional and retail users. The SRM utility and governance token enables users to receive discounts on protocol fees and voting rights; 100% of exchange fees flow back to SRM via buy-and-burn, staking rewards, and ecosystem grants. The all-time high for SRM was recorded on September 11, 2021, at a price unit of $13.72, while the all-time low was recorded on June 25, 2025, with a price unit of $0.009119. SRM is listed on exchanges such as Mexc, Gate, and Kraken.

EYWA ($EYWA) is a decentralized platform for cross-chain swaps, deep liquidity access, and sustainable yield farming. Built on Curve AMM, it delivers cost-effective transactions and enhanced security through the Consensus Bridge. Cross-chain systems are often complex, and even the most trusted bridges have suffered major exploits that impacted entire ecosystems and reduced user confidence. The all-time high for EYWA was recorded on December 27, 2024, at a price unit of $0.2281, while the all-time low was recorded on June 24, 2025, with a price unit of $0.0045. EYWA is listed on exchanges such as Mexc, gate, Bingx, Kucoin, and Bitmart.

LogX Network ($LOGX) is the ultimate DeFI superapp, offering seamless trading experiences of perpetual markets, leveraged prediction markets, and more. LogX is the first to build an innovative cross-chain infrastructure that will scale to millions of users across TON, Solana, Bitcoin, Move, and EVM ecosystems. Powered by Arbitrum, Hyperlane, and AltLayer, LogX Network aggregates liquidity from top CEXs like Binance, Coinbase, and OKX, delivering limitless liquidity to DeFi consumers. LogX aims to deliver a superior user experience that outperforms Centralised Exchanges (CEXs), scales across 50+ Blockchain Networks, and supports multiple retail consumer products. The all-time high for LOGX was recorded on September 24, 2024, at a price unit of $0.2245, while the all-time low was recorded on May 7, 2025, with a price unit of $0.009389. LOGX is listed on exchanges such as Mexc, Gate, HTX, and Kucoin.

These four decentralized exchange tokens—BitShares ($BTS), Serum ($SRM), EYWA ($EYWA), and LogX Network ($LOGX)—represent a diverse range of projects within the DeFi ecosystem. Each token offers unique features and benefits, from high-performance trading to cross-chain solutions and innovative financial products. As the DeFi landscape continues to evolve, these tokens could present early opportunities for investors looking to capitalize on the next wave of adoption. However, it is important to note that this list is sorted in no particular order and all data and information are obtained from CoinMarketCap. Always do your research before buying any cryptocurrency or investing in any services.