What is the largest decentralized exchange?

Curve, Uniswap, PancakeSwap, SushiSwap, Balancer have been listed as the top five decentralised exchanges.

Uniswap is one of the largest decentralized exchanges by volume, and a pioneer within the decentralized finance (DeFi) sector. The Uniswap platform is an Ethereum-based blockchain protocol that uses automated market makers (AMMs) and liquidity pools to facilitate peer-to-peer trading.

Coinbase, Binance, and most major exchanges are centralized .