Decentralized Exchanges
A decentralized exchange settles trades through smart contracts, so orders match and clear without an operator taking custody of the assets. Designs range from constant-product pools to order books and curves tuned for assets that trade near parity, and aggregators route a single order across several of them.
The filters separate spot venues, aggregators, stable swaps, NFT marketplaces and the venues that ask for no identity check. Entries are ordered by 30-day trading volume on DefiLlama, with featured listings first. Aggregate DEX volume is tracked separately.
Hyperliquid
Hyperliquid is a decentralized perpetual exchange with best-in-class speed, liquidity, and price. Trade crypto in one click, without wallet approvals.
Uniswap
Uniswap is an automated fully decentralized token exchange on Ethereum. Uniswap Explained - In-Depth DeFi Guide. Uniswap Alternatives.
PancakeSwap
PancakeSwap is a Binance Smart Chain based AMM exchange with liquidity incentivized through farming mechanics, lottery, and collectibles gamification.
Aerodrome
Aerodrome is the vote-escrow exchange on Base where $AERO lockers direct emissions to liquidity pools and collect the trading fees and bribes those pools generate.
Orca
Orca is a decentralized protocol that facilitates trades on Solana, as Orca is non-custodial when you trade tokens the protocol will interact directly with your wallet.
Meteora
Meteora runs dynamic liquidity market maker pools on Solana, where liquidity providers set bin-based price ranges and fees adjust with volatility.
Raydium
Raydium is an automated market maker (AMM) built on the Solana blockchain which leverages the central order book of the Serum decentralized exchange (DEX) to enable lightning-fast trades, shared liquidity and new features for earning yield
Curve
Curve is an exchange liquidity pool on Ethereum designed for extremely efficient stablecoin trading. Interview with Curve Finance founder.
Fluid
Fluid combines a lending market and a DEX in one liquidity layer, so collateral and debt positions also earn trading fees. It runs on Ethereum, Arbitrum, Base, Polygon and Plasma.
Jupiter
Jupiter is the Solana trading hub that routes spot swaps across on-chain liquidity and also runs perpetual futures and a lending market from the same app.
1inch.exchange
1inch.exchange split the order to several decentralized exchanges like UniswapExchange, KyberNetwork, Bancor and RadarRelay to avoid high price slippage. Interview with 1inch CTO. 1inch alternatives.
CowSwap
CowSwap is a trading interface built on top of Gnosis Protocol v2. It allows you to buy and sell tokens using gas-less orders that are settled peer-to-peer among its users or into any on-chain liquidity source while providing MEV protection.
Matcha
Matcha is a crypto trading platform with smart order routing powered by 0x. Matcha aggregates liquidity from multiple sources, including 0x, Kyber, Uniswap, Oasis, Curve, and others. Matcha Alternatives
Velora
Velora(ex-Paraswap) is a decentralized exchange aggregator that provides the best prices over multiple DEXs on the Ethereum, and many others EVM blockchains. Interview with ParaSwap CEO and founder, Mounir Benchemled.
Balancer
Balancer Exchange allow you to swap ERC20 tokens trustlessly across all Balancer’s liquidity pools.
Quickswap
QuickSwap is a permissionless decentralized exchange based on Polygon Layer 2 scalability infrastructure
Velodrome
Velodrome is the vote-escrow exchange on Optimism where $VELO lockers vote each epoch to direct emissions to liquidity pools and receive the fees from them.
SushiSwap
The SushiSwap exchange allows users to swap any ERC20 token into any other ERC20 token through automated liquidity pools
Drift Protocol
Drift Protocol is an open-sourced, decentralized exchange built on the Solana blockchain, enabling transparent and non-custodial cryptocurrency trading.
Bisq
Bisq is an open-source, peer-to-peer desktop application that allows you to buy and sell cryptocurrencies.
OpenSea
OpenSea is a peer to peer marketplace for crypto collectibles. Interview with OpenSean co-founder Devin Finzer.