The decentralized exchange narrative is heating up fast, and if you’ve been watching the charts, you’ll know something big is brewing. According to analyst Dami-Defi, who has more than 90k followers on X, the CEX-backed DEX meta is about to go wild this Uptober. The numbers already tell the story. Over the past 30 days, ASTER is up 2,111%, STBL has gained 1,229%, APEX has surged 697%, and AVNT is up nearly 287%. These are not just random tokens – they’re projects backed by some of the most powerful players in crypto.
What you'll learn 👉
Avantis (AVNT) – The Hyperliquid of Base
Avantis is quickly becoming a monster on Coinbase’s Base chain, where it already ranks as the largest DEX by volume. It’s backed by Peter Thiel and Coinbase, giving it heavyweight credibility. With a market cap still around $331M, AVNT has plenty of room to run despite delivering a clean 4x in just 30 days. Analysts are already calling it the “Hyperliquid of Base,” and if Uptober plays out as expected, this one could be just getting started.
The CEX-backed DEX meta is about to get crazy in Uptober
— Dami-Defi (@DamiDefi) September 29, 2025
For your own good keep an eye on:$AVNT
-Backed by Peter Thiel
-Backed by Coinbase
-Largest BASE DEX in volume
-Essentially the Hyperliquid of BASE
-Clean 4x in the last 30D
-MC still at $331M$ASTER
– CZ /… pic.twitter.com/okZS0AFHfm
Aster (ASTER) – Binance’s Perp DEX Power Play
ASTER is backed by CZ and Binance, and its numbers are incredible. With a $3.1B market cap and a $15B FDV, it’s already operating at scale. More impressively, its 24-hour revenue has outpaced Tether, a sign of how much trading demand it’s capturing. Rumors are swirling about a potential Binance listing, and if that happens, ASTER could easily extend its already massive 2,111% 30-day run.
Apex Protocol (APEX) – Bybit’s Hidden Gem
APEX is the DEX arm backed by Bybit, the world’s second-largest centralized exchange. It’s been running $12M buybacks from past revenues, plus 50% of daily revenue is earmarked for more buybacks. Despite that, it trades at just a $312.5M market cap with a $1.15B FDV, making it look undervalued compared to ASTER. After a 697% climb in 30 days, APEX could be setting up for another strong leg higher as Uptober accelerates.
STBL – Tether-Backed and Riding the BNB Season Narrative
STBL is a different kind of play, mixing stablecoin yield mechanics with the current BNB season hype. It’s backed by Tether, and users get to keep the yield, a unique angle in the stablecoin space. Buybacks have already been announced, and market maker Wintermute just scooped up $3M, signaling big confidence. With a 1,229% 30-day surge, STBL is quickly moving from niche token to one of the most-watched plays in the DEX ecosystem.
Read also: Aster vs. Hyperliquid: Who Wins the 2025 DEX War?
The Bottom Line
The explosive growth of CEX-backed DEX tokens is one of the clearest narratives heading into Uptober. These aren’t just speculative meme runs – they’re tied to some of the most influential companies in crypto. With AVNT, ASTER, APEX, and STBL already showing triple- and quadruple-digit growth in the past month, the stage is set for what could be a defining season for the decentralized exchange sector.
Uptober is here, and the CEX-DEX crossover might just be the trade of the season.
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
