DEX projects (Decentralized Exchange) are blockchain applications that allow cryptocurrencies to be traded directly with each other, without traditional centralized intermediaries (brokers, exchanges).
Exchanges are clear and transparent, take place around the clock and without interruptions, and on pre-created smart contracts, because they take place through the creation of liquidity pools, the state of which can be seen at any time. On the one hand, users provide their funds to the liquidity pools and earn a percentage of the total exchange fee. On the other hand, users exchange crypto-assets using the liquidity in the same pools, while the commission for exchanges is shared between DEX platform organizers and liquidity providers.
Today it is an innovative solution in cryptocurrency exchanges, combining the principles of decentralization, security, anonymity and many other features, including offering unique trading and investment conditions. No middlemen, no storage or withdrawal fees, no geographical boundaries. It’s all about DEX.
An important difference is the complete absence of a single governing body and the storage of funds not in the exchange account but in users’ wallets. The next thing is the complete security of control over their assets: the user manages private keys and conducts transactions directly from the wallet. There are no risks of funds being frozen or stolen by third parties.
Thanks to the open code of smart contracts, it is possible to check the logic of exchange protocols and make sure there are no hidden fees or restrictions.
Connecting different wallets and networks offers the ability to easily switch between Solana, Ethereum, BNB Smart Chain and other blockchains. Bypassing the need to register accounts and undergo verification.
Here at swapauditor.com, we have explored the market of DEX projects and are ready to offer you detailed reviews of the top decentralized crypto exchanges. Get all the information you need here to easily and with 100% confidence choose the exchange that best suits your needs.
1. Uniswap
Start year: 2018
Website: https://app.uniswap.org/
X: @Uniswap
The largest onchain platform with billions of dollars in weekly trading volume! Make transactions by exchanging tokens through special pools, anytime, anywhere, including from the mobile app. Large selection of blockchains. Additional income on participation in pool liquidity.
2. Sushi
Start year: 2020
Website: https://www.sushi.com/
X: @sushiswap
Cool DeFi hub with lots of tools and one of the best DEX platforms. Everything can be exchanged here, simply and quickly, all possible tokens are available. Besides exchanges directly through smart contracts you can earn from liquidity pools, participate in token giveaways, loans and credits. You can also support new ideas by voting in favour of them.
3. PancakeSwap
Start year: 2020
Website: https://pancakeswap.finance/
X: @pancakeswap
Not just DEX on the BNB Chain, but a whole DeFi amusement park! There are farming, hot tokens, lotteries. You can trade cryptocurrencies with instant swap support in 9 blockchains at once (Ethereum, BNB Chain, Aptos, Arbitrum One, etc.). At the same time, token exchanges are one-touch. Low commissions and minimum slippage – that’s what attracts you!
4. Orca
Start year: 2021
Website: https://www.orca.so/
X: @orca_so
Convenient and fast, no, lightning fast exchanges, hundreds of tokens and thousands of trading pairs, revenues from liquidity pools, ORCA tokens for activity, and part of the commissions are involved in social projects. All this is an exchange on Solana with trading volumes of more than $36 billion! Here you can work without registration and verification, it is enough to bind a wallet in the system. You have full control over everything, including how to store your assets. Great for both beginners and experienced investors and traders.
5. Jupiter
Start year: 2021
Website: https://www.jup.ag/
X: @JupiterExchange
One of the leading DEX aggregators on the Solana blockchain. You can access liquidity data from dozens of venues to get the best exchange terms. It offers: lightning fast trading, minimum commissions, built-in futures trading, test environment to learn new features and functions before their launch, trading tools. Everything for full-fledged work with tokens to increase your income and opportunities!
6. Raydium
Start year: 2021
Website: https://raydium.io/swap/
X: @RaydiumProtocol
A decentralised exchange and liquidity provider on Solana, combining the best advantages of AMM pools and traditional orderbooks. It’s easy to understand, and the whole list of powerful features will definitely impress. With a direct connection to Serum’s central limit orderbook, you have the best prices and liquidity. Transactions are executed quickly and with a minimum of cost. Flexible earning instruments are available, from basis swaps to participation in new project launches. Additional income on liquidity pools, including seasonal pools with increased charges.
7. Hyperliquid
Start year: 2023
Website: https://app.hyperliquid.xyz/trade/
X: @HyperliquidX
One of the most powerful and flexible decentralised exchanges for spot and open-ended trading. Swaps and orders are executed in fractions of a second, and the network can handle surges in volume and easily process billions of dollars per day. It runs on its own blockchain with HyperBFT consensus, which guarantees instant execution of trades. It’s an on-chain orderbook, so orders happen in smart contracts. You get transparency and security of transactions. The user will be pleased with zero protocol fees, deep liquidity and full asset control.
8. Vertex Protocol
Start year: 2023
Website: https://vertexprotocol.io/
X: @vertex_protocol
A powerful all-in-one DEX platform on Ethereum! It features a classic limit orderbook, ultra-deep liquidity pools, interest and loan deposits, instant trades, 1-click trading and minimum commissions. What’s important to note is that the liquidity is multi-channel: it is a one-of-a-kind orderbook on multiple grids: Base, Blast, Arbitrum, Sei and Mantle. With the combination of high speed, deep liquidity pool, zero maker fees, 100% transparency you have all the advantages of DeFi and maximum features.
9. PumpSwap
Start year: 2025
Website: https://amm.pump.fun/swap/
X: @pumpdotfun
The platform is tightly integrated with the Solana ecosystem. You get instant transactions and minimal fees, a growing community, successful token launches and liquidity. If you are planning to launch your own token and want to avoid technical difficulties and start trading immediately, PumpSwap is the way to go! Its unique advantages include a simple system of operation even for beginners, automatic liquidity generation, instant trading as soon as you create a token, low commissions, and minimal extra costs (including no costs for adding tokens to the listing). Add to this all the advantages of decentralised platforms and it becomes clear why the project gained immense popularity right after its launch.
10. Balancer
Start year: 2020
Website: https://balancer.fi/
X: @Balancer
It deserves special attention, especially if you plan to engage in investments and trading. It is a decentralised automated market-making (AMM) protocol, based on Ethereum, and also works in Arbitrum, Gnosis Chain, Polygon, Optimism and other networks. Here you can create your own liquidity pools with a flexible token structure, there is automatic portfolio management and liquidity provision, transactions are fast. All this attracts DeFi investors to the platform. Thanks to pools with arbitrary token weights, you can optimise volatility and risks, thus adapting the pools to your strategies.
11. Curve
Start year: 2020
Website: https://curve.fi/
X: @curvefinance
A popular DEX exchange with AMM, leading in the number of active users. It uses not only Ethereum, but also other networks (e.g. Polygon, Fantom, Moonbeam, Aurora), and its pools are successfully integrated into other DeFi ecosystems, such as 1inch. Crypto investors are attracted to low volatility stablecoin trading. Favourable rates, stable prices, minimum commissions, slippages and risks. This is possible thanks to the innovative algorithm StableSwap. You can also earn on providing liquidity. And the owners of the project tokens, CRV, can actively manage the platform in the autonomous organisation Curve DAO to influence the course of the project’s development.
12. Biswap
Start year: 2021
Website: https://biswap.org/
X: @Biswap_DEX
Another powerful DEX platform that runs on the BNB Chain blockchain as well as Base, Ethereum and Arbitrum, offering users all the values of decentralised exchanges. Here you can trade, earn from steaking and farming, build a business system, and get rewards from free giveaways, lotteries, and gaming projects. It is also an open source mobile app where you can generate your wallet and passwords for it. An NFT buying and selling platform is available where unique NFTs are available among others. Users note some of the lowest commissions for exchanges, convenience of automated market maker (AMM), availability of advanced analytics, safety and reliability of the project.
Hybrid exchanges (HEX)
Hybrid or semi-centralised platforms are unique exchanges that combine the best solutions of centralised (CEX) and decentralised (DEX) crypto exchanges.
They are characterised by advanced features, such as cross-chain trading or the availability of native fiat to buy cryptocurrency. These exchanges combine convenience, liquidity, fast transactions like CEX with security, transparency, private key control like DEX platforms. Such an exchange can have the orderbook and high speed like CEX exchanges. And storage of funds on users’ wallets, lack of verification and KYC procedures – like DEX.
Their main advantage is the growth of user confidence, low risks, and better volatility. Such platforms are convenient for the modern investor, besides, there are more and more of them. When choosing a hybrid exchange, consider your goals, experience and trading preferences. To help you choose the right platform for you, we’ve researched the top hybrid exchanges and ranked them below.
1. OKX
Start year: 2017
Website: https://www.okx.com/
X: @okx
A powerful hybrid platform that combines CEX and DEX exchange solutions, offering security, flexibility and a variety of trading tools. CEX traditionally offers high liquidity, fiat support, a choice of advanced asset types (options, futures, etc.), fast support, cold wallets. From DEX – full autonomy and security, availability of cross-chain swaps with trading directly from the wallet, bypassing intermediaries, no platform commissions.
Plus, there are over 100 blockchains, NFT, DeFi and tutorials available in a convenient integrated wallet. It’s a versatile, flexible and secure platform for any level of investor. In summary, OKX holds the brand of a modern and reliable platform and gives you 100% confidence in the possibilities of cryptocurrency!
2. MEXC
Start year: 2018
Website: https://www.mexc.com/
X: @MEXC_Official
More recently, in March 2025, the exchange offered an innovative solution combining the capabilities of CEX and DEX – DEX+. Although the platform now supports Solana, other blockchains (Arbitrum, Ethereum, zkSync and others) are planned to be introduced.
From the familiar CEX, there are many assets to choose from, fast trade execution, security, ability to serve more than 30 million investors worldwide. From DEX – trading directly through the platform, fast and simple operation, flexibility of trading. Depending on the investor’s strategy, MEXC offers the option to choose between CEX and DEX. This is certainly convenient and gives a big head start to the project.
Traders can expect the usual copy-trading and demo trading. Staking and participation in the launch of crypto projects will be interesting. MX token holders can enjoy privileges in the form of commission discounts. With the hybrid solution MEXC – a direct, flexible and the easiest way to the world of cryptocurrencies!
3. Bitget
Start year: 2018
Website: https://www.bitget.com/
X: @bitgetglobal
Another popular hybrid exchange offering CEX and DEX crypto asset owners in the same space. The standard features of CEX are two-factor authentication, fiat support, deep order stacks, speedy trade execution, increased liquidity and fast support. From DEX – all the same autonomy, security, minimum commissions, support for more than 100 blockchains, cross-chain swaps, best prices and minimum drawdown, trading directly from the wallet.
Add other solutions of the platform and it becomes clear why 100 million users worldwide trade here. You can invest in NFT and DeFi, use a non-custodial wallet for asset management, and receive bonuses, including for joining the project.
Transparency is ensured by monthly confirmation of reserves. For those who care about smart trading and informed decisions, there is traditional copytrading with a convenient choice of strategies and transparent statistics. As a result – a modern hybrid crypto exchange with a sober balance between security, convenience, impressive opportunities for full autonomy. If you start your crypto journey, it’s here and now!