DEX Profiles

A dominant multi-chain AMM with $1.57B TVL and $1.62B aggregated 24h volume, anchored by V3 and extending toward V4 hooks.

A high-liquidity BNB Chain-centered DEX suite with meaningful multi-chain volume, but TVL remains overwhelmingly single-chain.

A large Solana CLMM DEX with strong liquidity and app breadth, offset by single-chain exposure and no listed audits.

A high-activity Polygon-centric AMM DEX with meaningful TVL and an expanded product suite, but with chain concentration and some operational/history risks.

Humidifi shows extremely high 24h trading activity relative to visible liquidity, but transparency and audit signals are limited and on-chain history appears short.

High-throughput on-chain order-book DEX with meaningful usage metrics, offset by limited public audit posture and single-chain concentration.

Fluid is a nascent multi-chain DeFi protocol integrating lending, borrowing, and AMM functionalities, distinguished by its 'Smart Collateral' system, though it currently lacks formal audit reports.

Aerodrome is a Base-native liquidity hub with meaningful TVL and volume, built around vote-locked incentives inherited from Velodrome V2.

Balancer V3 pairs high on-chain trading activity with a relatively modest TVL base, anchored by a Vault-centric, developer-extensible AMM design.

A Tron-focused DEX with meaningful swap activity but relatively small TVL and a single-chain liquidity base.

SushiSwap V3 Katana is a multi-chain decentralized exchange based on the Uniswap V3 concentrated liquidity model, with TVL primarily concentrated on Katana and Ethereum, offering diverse trading functionalities, but lacking public audit reports.

Meaningful spot DEX volume on Hyperliquid L1, but limited disclosed mechanism detail and no recorded audits increase diligence requirements.

A mid-size Starknet-native DEX with credible volume/TVL and an infrastructure-first singleton model, but with product surface area uneven across pages.

Near Intents is a cross-chain DEX with a unique value proposition, but its market position and growth direction are unclear.

Bluefin is a strong DEX aggregator with a solid market position, innovative features, and a growing user base.

Pharaoh is an Avalanche-only concentrated-liquidity DEX with ve(3,3)-style voting incentives (x(3,3)) and meaningful volume, but it carries execution and security uncertainty with 0 listed audits.

Meaningful MegaETH liquidity with active swap/pool UX, but single-chain exposure and zero disclosed audits constrain risk-adjusted confidence.

A mid-scale Avalanche-only DEX pairing meaningful daily volume with a Curve-style ve(3,3) incentive system, but with visible security and concentration risks.

Cetus is a notable DEX with a strong presence on the Sui chain, showcasing a unique AMM model and concentrated liquidity protocol.

Native exhibits high daily trading volume on Binance Chain driven by an innovative PMM and orderbook model, but its extremely low reported TVL and lack of security audits present significant concerns regarding its liquidity depth and reliability.

A young Solana DEX with meaningful activity and product breadth, offset by single-chain exposure and no audits shown.

Kodiak V3 is a Berachain-native Uniswap V3 fork with meaningful liquidity and volume, but recent TVL drawdowns and limited publicly visible product detail constrain confidence.

Mid-scale Aptos DEX with measurable usage and incentives, but currently concentrated on a single chain and relatively new.

LFJ V2.2 is a multi-chain DEX utilizing innovative Liquidity Book AMM technology, showing promising activity despite a relatively modest reported TVL.

Velodrome Finance is a strong player in the DeFi space, offering a unique value proposition through its innovative AMM model and multi-chain strategy.

A mid-scale NEAR DEX hub with meaningful activity, broad modules, but limited chain footprint and no disclosed audits.

A single-chain AMM DEX on Osmosis with modest TVL/volume and a product surface that leans on cross-chain routing integrations, but with no audits listed.

Hydrex Integral shows meaningful Base activity and product breadth (accounts + gauges + CL), but remains early-stage with modest TVL and a single-chain footprint.

A trading-focused Ethereum CLMM with meaningful daily volume versus modest TVL, but limited public security assurances and recent TVL drawdown.

A Sui-focused ve(3,3) DEX with meaningful activity, but product polish and data consistency issues are visible in the app surface.

Ramses V3 is a mid-tier DEX with a unique AMM model and concentrated liquidity, but its growth trajectory and competitive position are uncertain.

Aster pairs a Uni v2-style liquidity base on Blast with a CEX-like spot terminal, but current TVL is small relative to reported volume.

A BSC-native DEX with active trading volume and v3-like liquidity tooling, but modest TVL and limited chain reach.

A small, single-chain DEX on GRX Chain with basic swap/liquidity tooling, modest TVL, and an undeclared security/audit posture.

A small-but-active Sui DEX centered on ALMM adaptive liquidity and ve(3,3) incentives, with visible product traction but limited chain footprint and a recent legacy-pool migration.

Aborean Finance V3 shows meaningful on-chain trading activity on Kujira but remains small in capital base and light on publicly evidenced security assurances.

A small-to-mid scale Hyperliquid-native DEX focused on ve-style incentives and auto-compounding, with modest volume and declining TVL.

Hybra Finance V4 demonstrates a strategic expansion focus on HyperEVM and robust internal metrics, but faces challenges with low aggregated TVL and unlisted audits.

Feature-complete BNB Chain DEX with concentrated liquidity and veTHE incentives, but small and declining TVL plus no listed audits.

A DEX with a strong focus on commodities trading and staking, but lacking in innovation and competitive edge.

Ferra is a competitive DeFi platform with a strong presence on the Sui network, offering a unique value proposition through its advanced AMM engines and concentrated liquidity.

SailFish is a competitive DeFi DEX with a strong presence on the EDU Chain, offering a unique AMM model and concentrated liquidity pools.