Decentralized Exchanges Companies

Ferra is a non-custodial decentralized exchange and liquidity layer built on the Sui blockchain, combining a DLMM (Dynamic Liquidity Market Maker) DEX with social trading features. The platform offers a token terminal, liquidity provisioning tools, perpetuals trading, and a social feed, positioning itself as an all-in-one on-chain trading hub for Sui users. Its DLMM mechanism concentrates liquidity around active price ranges to improve capital efficiency for liquidity providers. Ferra targets DeFi traders and liquidity providers on Sui seeking tighter spreads and integrated market data. The project is backed by venture investors and operates at ferra.ag.

FlatQube is a non-custodial decentralized exchange (DEX) built on the Everscale blockchain, offering token swaps, liquidity pools, yield farming, and vesting functionality. The protocol uses an automated market maker (AMM) model and features boosted farming via its native QUBE governance token, allowing liquidity providers to earn up to 2.5x enhanced yields by staking QUBE and voting on pool allocations. FlatQube targets DeFi users seeking low gas fees and fast transaction finality, properties enabled by Everscale's architecture, which also eliminates frontrunning by design. The platform operates without registration or KYC requirements, requires no cookies, and its smart contracts have undergone a third-party security audit; the codebase is open source under the Broxus organization on GitHub.

Gains Network operates gTrade, a decentralized perpetuals exchange that allows traders to access over 290 markets including crypto, forex, commodities, and tokenized equities from a single non-custodial platform. The protocol uses a synthetic liquidity model backed by a single-asset vault (DAI/GNS), enabling capital-efficient leverage trading without requiring direct asset ownership. gTrade has been live since 2021, has processed over $132 billion in total volume across more than 4 million trades. The platform is deployed across multiple EVM-compatible networks including Arbitrum, Polygon, and MegaETH, with a Solana deployment also available. The native governance and utility token is GNS.

GMTrade is a non-custodial perpetuals decentralized exchange deployed on Solana. The protocol enables traders to open leveraged positions up to 500x on real-world assets including equities (TSLA, NVDA, AAPL, MSFT, AMZN, GOOGL, META, MSTR, SPY, QQQ), commodities (gold, silver), and forex pairs (EUR, GBP, JPY, AUD, NZD, CHF, CAD). The architecture is based on GMX V2 design principles. Price feeds are sourced from Chainlink oracles, providing sub-second updates to reduce exposure to price volatility and liquidation risk. Liquidity is pooled on-chain, removing dependence on order-book depth. The platform operates without custodial requirements, with all trades executed directly from user wallets. The protocol distributes GT points to traders as part of its incentive structure.

GoatSwap is a non-custodial decentralized exchange built on GOAT Network, offering token swaps, liquidity pools, yield farms, a token launchpad, perpetuals trading, and a cross-chain bridge within a single interface. The protocol is designed to aggregate diversified DeFi functionality across ecosystems, leveraging GOAT Network's throughput for faster and cheaper transactions. Its product suite targets retail DeFi users seeking an all-in-one venue for trading, liquidity provision, and new token discovery. GoatSwap operates under the goatswap.fi domain and maintains community channels on Discord, Telegram, and X, with documentation hosted at docs.goatswap.fi.

GTE is a non-custodial decentralized exchange built on the MegaETH blockchain. The platform operates a central limit order book (CLOB) architecture designed to process orders with specified throughput and latency characteristics. GTE enables trading of multiple asset classes, including cryptocurrencies, equities, and commodities, from a single user account. The system supports leveraged trading in both long and short positions across these asset types. The exchange employs multiple sequencers positioned at major price-discovery venues globally to optimize execution quality and order routing. The platform is currently operational on testnet.

Hibachi is a high-performance decentralized exchange (DEX) engineered for professional and institutional perpetual futures trading. The platform utilizes a sovereign rollup architecture built on Celestia’s data availability layer to deliver microsecond-level execution speeds comparable to centralized exchanges. By combining an off-chain central limit order book with on-chain zero-knowledge (ZK) proofs, Hibachi ensures that all trades are publicly verifiable while maintaining absolute privacy for individual positions and trading flows. This innovative design allows participants to trade with "lightning speed" without exposing sensitive strategies to the public blockchain.

HorizonDEX is a non-custodial decentralized exchange built on the Base and Linea Ethereum Layer 2 networks, specializing in concentrated liquidity market-making modeled on the Uniswap V3 design. Its core differentiator is offering concentrated liquidity pools on chains where most competing DEXs use the older Uniswap V2 constant-product model, enabling liquidity providers to deploy capital within custom price ranges for higher capital efficiency and reduced price impact. The protocol targets retail traders and liquidity providers seeking yield on Base and Linea, with incentive programs designed to attract and retain liquidity on both networks. Smart contracts have been audited by Hacken, SolidProof, and DefiMoon, and the project has been integrated into the OKX X1 Network alongside other Web3 protocols.

HydraDX is a decentralized exchange protocol built as a parachain on the Polkadot network, centered on its Omnipool design that consolidates all assets into a single liquidity pool rather than separate trading pairs. This architecture enables single-sided liquidity provisioning, capital-efficient swaps with fewer hops, and lower slippage compared to traditional AMM designs. The protocol also offers over-the-counter trading, dollar-cost averaging (DCA) order execution, stableswap pools, and liquidity farming rewards denominated in its native HDX token. HydraDX is governed by its community through on-chain democracy and is secured by audits and a bug bounty program on Immunefi; it targets retail traders, liquidity providers, and project or DAO treasuries seeking cross-chain asset exposure via Polkadot's XCM messaging.

Hydrex is a non-custodial decentralized exchange built on the Base Layer 2 network. The protocol enables token swaps, dollar-cost averaging orders, liquidity provision, and a revenue-sharing account system. Its architecture integrates concentrated liquidity through Algebra, automated liquidity management via ICHI and Gamma partners, and Uniswap LP positions under an "Omni-Liquidity" model that consolidates multiple liquidity sources. The platform provides distinct interface modes for retail and experienced users, fiat on-ramp functionality through Coinbase and Apple Pay, and authentication via social and Base login options. The native HYDX token operates under a reserve-backed emission mechanism designed to manage token supply. All liquidity provider fees are distributed to account holders.

Jumbo is a decentralized exchange built on the NEAR Protocol that enables non-custodial token swaps through an automated market maker interface. The platform supports trading of NEAR-native assets including wNEAR and bridged ETH. Users can configure slippage tolerance settings and connect wallets to execute trades. Jumbo v2 represents an updated version of the protocol. The platform has established a security partnership with HAPI, a blockchain security provider that offers on-chain threat intelligence services.

Jupiter Exchange is a decentralized liquidity aggregator on the Solana blockchain that routes swap orders across multiple DEX pools including Raydium, Orca, Meteora, and Phoenix. The platform uses a smart routing engine that splits orders across multiple liquidity pools and intermediate tokens to optimize trade execution and minimize slippage. Core features include spot swaps, limit orders, dollar-cost averaging functionality, and perpetuals trading with leverage for BTC, ETH, and SOL. The protocol provides a developer API for integration by other applications. Jupiter Exchange operates as a non-custodial platform requiring no KYC verification. Governance is managed through the native JUP token.

KalqiX is a non-custodial decentralized exchange built on Base that implements a central limit order book (CLOB) model combined with zero-knowledge proof technology. The system enables private transactions, maintains a provably correct order book, and ensures user self-custody of assets. The architecture supports on-chain order book mechanics while leveraging zero-knowledge proofs to achieve transaction privacy. KalqiX offers a white-label infrastructure model that permits other projects to deploy independent exchange instances using the underlying protocol. The platform currently operates a testnet on Base with spot trading functionality enabled. Perpetual trading is listed as a planned feature. The system is designed to provide order book-based execution mechanics with decentralized security properties.

LazyBear is a decentralized perpetual futures exchange operating on the Sonic blockchain. The platform enables non-custodial trading of cryptocurrency assets through smart contracts. The exchange lists multiple token pairs including SBEAR, LIFT, HEDGE, and additional assets, with real-time price feeds displayed on its user interface. The architecture functions as a decentralized exchange (DEX) specialized in perpetual futures contracts within the Sonic ecosystem. The platform provides leveraged trading mechanisms allowing users to take long or short positions on listed assets. The system is designed to serve users seeking on-chain exposure to various token categories, including smaller-cap and community-issued tokens.

MachineX is a non-custodial decentralized exchange built on the peaq blockchain, designed specifically for trading tokens issued by Decentralized Physical Infrastructure Networks (DePIN). The protocol functions as an automated market maker where users, autonomous machines, and AI agents can swap DePIN-related tokens and provide liquidity. A distinguishing feature is a fee mechanism that routes a portion of every trade into peaq's Machine Subsidization Treasury, which funds the acquisition of physical devices for DePIN networks as directed by $PEAQ token holders. The platform targets participants in the peaq Machine Economy, including human traders and, by design intent, autonomous agents such as vehicles and drones operating within DePIN ecosystems.

Mauve is a non-custodial decentralized exchange built on top of Violet's VioletID compliance infrastructure, designed for trading compliant and real-world assets on-chain. Its core differentiator is integrating continuous AML checks and privacy-preserving compliance credentials directly into the exchange protocol, enabling regulated asset trading without custodial control. The platform supports automated market maker (AMM) liquidity provision, OTC trading, and is aimed at both retail users seeking compliant DeFi access and businesses wanting to offer non-custodial crypto trading to their own users. Mauve is backed by a group of venture investors including firms focused on fintech and crypto infrastructure.

Megaton Finance is an automated market maker based decentralized exchange operating on the TON blockchain. The protocol enables token swaps, liquidity provision, and yield farming through liquidity pools. Users deposit token pairs into pools to earn MEGA token rewards alongside transaction fees, with no mandatory lock-up period for fund withdrawal. The system integrates with Orbit Bridge to facilitate cross-chain asset transfers onto TON and supports jetton-standard assets including oUSDT, oUSDC, and oTON. The protocol has undergone security audit by CertiK.

MistSwap is a non-custodial automated market maker (AMM) decentralized exchange operating on the Bitcoin Cash (BCH) blockchain. The protocol enables users to provide liquidity to trading pairs and collect fees generated from swaps. A portion of swap fees accrues to liquidity providers, while xMIST token holders receive an additional fee allocation through the MistBar staking mechanism. The platform includes the Misty Lake interface, which allows redemption of MIST and DROP tokens for Simple Ledger Protocol (SLP) tokens. The system uses two token forms: MIST as the base native token and xMIST as its staked variant. The protocol operates without custodial intermediaries and is designed for users on the Bitcoin Cash network seeking decentralized exchange functionality.

Monorail is a decentralized exchange aggregator operating on the Monad blockchain. The protocol routes swap transactions across multiple exchanges and token pairs to optimize execution parameters including slippage and gas consumption. Its routing engine distributes trades among liquidity pools, including PancakeSwap, Swyrl, and the Monad native wrapper, to reduce price impact. The platform includes Memerail, a trading interface for specified token categories, a cross-chain bridge for asset transfers between blockchains, and Signal, a prediction market product linked to sports event outcomes. The protocol has completed a third-party security audit and provides on-chain data through a public analytics dashboard.

MotoSwap is a decentralized exchange implemented on the OP_NET protocol, which provides smart contract functionality on the Bitcoin network. The platform enables token swapping, liquidity pool creation, yield farming, and staking operations using OP20 tokens, a Bitcoin-native token standard equivalent to ERC-20. Users can deploy custom OP20 tokens and yield farms through the interface. The system functions as a comprehensive DeFi suite for Bitcoin, developed by the BTC Vision team, which also maintains OP_NET and the OP_SCAN block explorer. The architecture allows Bitcoin holders to access non-custodial DeFi functionality without transferring assets to external blockchains.

MuesliSwap is a non-custodial decentralized exchange built on the Cardano blockchain, offering both order-book and AMM-based token swaps, with ADA as the primary trading pair. The protocol supports instant and limit orders, liquidity provision, and a fee-discount mechanism for holders of its native MILK token (requiring at least 100 MILK for reduced fees). It also operates on Milkomeda, an EVM-compatible sidechain connected to Cardano, broadening its cross-chain reach. The platform includes governance tooling via an on-chain voting system, a token migration path to MILKv2, and has undergone a public audit by MLabs. A beta v2 aggregator is currently in testing, suggesting active protocol development.

Multipool is a decentralized exchange protocol built on Ethereum that enables trading of cryptocurrencies and real-world assets through a fully on-chain order book architecture combined with dynamic bracket pools for liquidity provision. The protocol integrates on-chain compliance tooling alongside its matching engine to facilitate non-custodial trading. Core components include the order book mechanism for price discovery and trade execution, bracket pool structures for liquidity management, and compliance infrastructure designed to support both digital and tokenized real-world assets on a single platform.

MYX Finance is a decentralized perpetuals exchange built on-chain, offering slippage-free trading of crypto derivatives with fees comparable to centralized venues. The protocol uses a liquidity pool model (MLP vaults) where liquidity providers earn yield from trader activity, with price feeds powered by Pyth Network oracles. Key product features include gas-less order execution, private-key-less account abstraction, and a signing-free trading interface designed to reduce friction for retail and active traders. MYX operates across multiple EVM-compatible chains including opBNB, and offers a Telegram MiniApp for mobile trading access. The project is backed by tier-1 venture investors and targets traders seeking CEX-like execution quality in a non-custodial, permissionless environment.

Ooga Booga is a decentralized exchange aggregator that routes trades across multiple liquidity sources to optimize swap execution prices. The system operates on Berachain and Hyperliquid blockchains, aggregating liquidity from various on-chain sources to reduce slippage and improve trade execution quality. The platform functions as a multi-chain aggregation layer rather than a standalone automated market maker, directing user trades to the most favorable available liquidity pools across supported networks.