Decentralized Exchanges Companies

Openfund is an on-chain order-book spot-trading exchange built on the DeSo blockchain. It implements a limit order-book model executed entirely on-chain, rather than an automated market maker (AMM) architecture. The system enables price discovery through traditional order-book mechanics while maintaining non-custodial properties. Supported trading pairs include DESO/USDC, ETH/USDC, BTC/USDC, SOL/USDC, and community-issued tokens native to the DeSo ecosystem. The platform also functions as fundraising infrastructure, allowing projects to launch tradeable coin-backed rounds on DeSo. The exchange is affiliated with the DeSo blockchain.

Opter is a decentralized perpetual futures exchange that enables trading on over 110 cryptocurrencies and real-world assets with leverage up to 100x. The platform operates across multiple blockchain networks, allowing users to trade without requiring manual cross-chain transactions. The system includes a native token, OPTER, which serves utility and governance functions. OPTER is distributed through trading incentives, liquidity rewards, and protocol governance participation. An initial distribution mechanism allocates tokens based on early trading activity, establishing community participation in protocol governance from launch.

OraiDEX is a non-custodial decentralized exchange operating within the Oraichain ecosystem. The platform enables cross-chain swaps between EVM and IBC-compatible networks through a single interface. Its architecture includes an automated market maker with liquidity pool staking functionality and futures trading capabilities. The native token ORAIX functions as a governance token, provides staking rewards, and participates in a mechanism called Co-Harvest that distributes stablecoin rewards without slippage. The exchange is accessible via mobile through the OWallet application. OraiDEX is developed by SmartML Incorporated and integrates with Oraichain, a Layer 1 blockchain focused on AI applications. ORAIX serves as the exchange's primary utility and governance token.

Pact (pact.fi) is a decentralized automated market maker (AMM) built on the Algorand blockchain, offering token swaps, liquidity pools, and yield rewards via its native $PACT token. The protocol is designed as a mobile-first trading experience with low transaction fees and accessible smart contract functionality, targeting both retail and institutional DeFi users on Algorand. Pact differentiates itself through deep liquidity provisioning, an Aeneas Liquidity Program for pool rewards, and smart contracts that have undergone third-party security audits. The platform operates non-custodially, meaning users retain control of their assets throughout all interactions with the protocol.

Pact Swap is a cross-chain decentralized exchange built on Coinweb's PACT (Penalty Adjudication of Cross-chain Transactions) framework. It enables swaps of native assets across Bitcoin, Ethereum, BNB Chain, Litecoin, Tron, Dogecoin, and Polygon without bridges, wrappers, or external validators. Swaps are secured through overcollateralized smart contracts, where collateral automatically compensates affected parties if a transaction fails. This design eliminates reliance on large validator sets. The protocol removes the capital overhead associated with validator networks. The platform supports permissionless token listings and liquidity provision.

Perpl is a fully on-chain perpetual futures exchange built on Monad, a high-performance EVM-compatible blockchain capable of 10,000 TPS and 400ms block times. It uses a central limit order book (CLOB) model rather than an AMM, enabling tighter pricing and deeper liquidity for leveraged trading. The platform currently supports Ethena-based assets with leverage, and integrates TradingView charts for technical analysis.

QuickSwap is a non-custodial decentralized exchange (DEX) operating across multiple EVM-compatible chains including Polygon PoS, Base, Polygon zkEVM, Immutable zkEVM, Manta Pacific, Soneium, MANTRA, and others. It supports token swaps, liquidity provision across 80,000+ pairs, yield farming, perpetual trading with up to 100x leverage, and bond purchasing, all at near-zero gas fees. The protocol is built around the DragonFi ecosystem and its native QUICK token, which can be staked to earn a share of protocol revenue. Partners include Flare (via SparkDex) and Base (via KalqiX), and fiat on-ramp functionality is powered by Meld.

Ramses Exchange is a decentralized exchange deployed on the Arbitrum network. The protocol operates as a non-custodial automated market maker (AMM) combining concentrated liquidity provisioning with a vote-escrow governance model. The system implements Uniswap V3-style concentrated liquidity mechanics through its V3 Core component, paired with a ve(3,3) incentive structure. This mechanism enables liquidity providers and RAM token holders to participate in on-chain governance voting to direct emissions and claim a portion of trading fees. Users access the protocol through interfaces for token swaps, liquidity pool management, single-asset staking, and governance voting. The original application interface at ramses.exchange has been superseded by an updated deployment at ramses.xyz, though the underlying smart contracts remain immutably deployed and permissionless. The V3 Core architecture has been adopted by third-party protocols as infrastructure, including integration on the peaq network.

Raydium Protocol is a decentralized exchange and automated market maker (AMM) built on the Solana blockchain, enabling non-custodial token swaps, liquidity provision, and yield farming. Its core product suite includes a swap interface, liquidity pools, a perpetuals trading venue, and a token launchpad called Launchlab, all powered by permissionless smart contracts. The protocol is governed and maintained by the Raydium Holding Foundation, with its native token RAY used for staking and governance. Raydium targets DeFi users seeking fast, low-cost on-chain trading on Solana, and serves both retail traders and liquidity providers looking to earn fees from pooled assets.

Rift is a non-custodial, multichain trading protocol designed to function as an API for on-chain trading. The protocol enables users and developers to execute trades across multiple blockchains without intermediaries or additional fees. It uses multichain smart contracts to settle trades in a trustless manner and is designed to provide best-price execution for large orders. The protocol is open source, allowing verification, auditing, and development by external parties. Integration does not require API keys. Rift serves both retail traders and developers seeking programmatic access to on-chain liquidity.

SailFish is a non-custodial decentralized exchange deployed on EDUCHAIN. The protocol facilitates token swaps using concentrated liquidity mechanisms similar to Uniswap V3, with optimized routing algorithms. Liquidity farming functionality distributes fee-based and token-based rewards to participants. The platform operates a prediction market for EDU/USDC price outcomes. Additional components include a cross-chain bridge enabling EDU token transfers from BSC and Arbitrum networks, a bribes-and-voting system for emissions management, and a liquid staking product (stEDU) that allocates 40 percent of protocol fees to stakers. The protocol has undergone security audit by Omniscia. A developer SDK is available on NPM to facilitate third-party decentralized application integration.

Saros is a non-custodial decentralized finance protocol deployed on Solana. The protocol provides two liquidity mechanisms: a standard automated market maker (AMM) that supports full-range liquidity across all price ranges, and a Dynamic Liquidity Market Maker (DLMM) that enables concentrated liquidity positions with dynamic fee structures and customizable liquidity strategies. The protocol is operated by Saros Labs LLC and facilitates token swaps and liquidity provision through these dual mechanisms.

Scribe is a decentralized exchange (DEX) built on the Scroll zk-rollup network, offering low-cost, non-custodial token trading and liquidity provisioning. Its AMM (V4) is based on the Algebra Integral protocol, featuring concentrated liquidity pools with adaptive fees and a plugin/hooks architecture for modular extensibility. Liquidity providers are incentivized via Angle Merkl farming emissions, and users can stake Scribe tokens into xScribe escrow positions to access yield boosters, dividends, and other protocol plugins.

ShibaSwap is a non-custodial decentralized exchange built within the Shiba Inu ecosystem, operating on Ethereum and the Shibarium L2 network. It supports token swaps across V1 (Uniswap V2-style) and V2 (Uniswap V3-style concentrated liquidity) pool architectures, with configurable slippage tolerance, transaction deadlines, expert mode, and multi-hop routing. The platform integrates with the broader Shib ecosystem, including a cross-chain bridge, liquidity position management, and native tokens such as BONE and TREAT. Users can also access staking via Shibarium validators and Shib Name Service through linked ecosystem products.

Silhouette is a decentralized trading protocol designed to provide encrypted order flow for traders on Hyperliquid. The protocol routes trades through HyperCore's central limit order book while encrypting trade strategies prior to execution. This architecture allows traders to access Hyperliquid's liquidity pool without fragmenting it, while obscuring position sizes and trading strategies from potential front-running and maximal extractable value (MEV) exploitation. The system is intended for on-chain traders seeking to conceal their trading activity from automated trading systems and other market participants capable of exploiting order information.

SoDEX is a non-custodial decentralized exchange developed by SoSoValue and deployed on the ValueChain L1 blockchain. The platform supports spot and futures trading across multiple assets including BTC, ETH, DOGE, LINK, and SOL, with USDC designated as the primary quote currency. The system architecture includes a points and leaderboard system, an integrated block explorer, and a research terminal. The $SOSO token functions as both the native gas token for ValueChain and a governance token. SoDEX operates as a vertically integrated trading and analytics platform designed for retail cryptocurrency users.

Solarbeam is a decentralized exchange (DEX) and DeFi platform operating on the Moonriver and Moonbeam networks, which are Polkadot parachains. It offers an automated market maker (AMM) for token swaps, yield farming via liquidity pools and single-asset pools, a token bridge to and from Moonriver, and a curated IDO launchpad called Eclipse. A sister platform, Solarflare, runs on the Moonbeam network under the FLARE token. Partners include Anyswap, QiDao, Relay Chain, and Bwarelabs, and the protocol is tracked on CoinGecko and CoinMarketCap.

Solidly is a non-custodial decentralized exchange operating across multiple EVM-compatible networks including Ethereum, Optimism, Base, Arbitrum, Fantom, and Sonic. The protocol implements ve(3,3) tokenomics, which combines vote-escrowed governance with rebase incentives to align liquidity providers and token holders. Core functionality includes swap execution, liquidity provision, and bribe and voting mechanisms through the veSOLID token system. The architecture enables capital-efficient liquidity pools with protocol-owned governance incentives. On-chain analytics are provided covering total value locked, trading volume, fees, emissions, and bribes. The protocol was originally developed on Fantom and is currently maintained by Solidly Labs.

SparkDEX is a non-custodial decentralized exchange built exclusively on the Flare Network, offering spot token swaps, perpetual futures trading with up to 100x leverage, and liquidity farming. The platform operates both V3 concentrated liquidity pools and V4 pools with dynamic fees and programmable liquidity strategies, alongside liquid staking for FLR and FXRP coverage vaults. Additional features include FTSO delegation for Flare's data oracle infrastructure and a native SPRK token staking system for protocol revenue sharing. SparkDEX has integrated with TrustSwap's launchpad for IDOs on Flare and runs weekly trading competitions distributing up to 250K rFLR in rewards.

Splash is a decentralized trading protocol built exclusively on the Cardano blockchain, open-sourced by Splash Labs. The protocol combines AMM liquidity pools with an order book through a mechanism called the Temporal Liquidity Book, enabling composable and automated order execution. It targets projects, liquidity providers, and traders seeking capital-efficient DeFi on Cardano, offering dynamic fees, audited smart contracts, and a permissionless execution engine that anyone can run to earn fees. The protocol is governed by a DAO using the native SPLASH token, which holders can lock to earn voting rights, protocol fee distributions, and liquidity rewards.

Stabull Finance is a non-custodial decentralized exchange specializing in stablecoins pegged to fiat currencies and real-world assets, including forex-linked tokens such as EURS, XSGD, TRYB, NZDS, AUDD, BRZ, and GYEN. The protocol is designed to offer low-slippage swaps between these assets by using an AMM curve optimized for near-parity assets, similar in concept to Curve Finance but focused on multi-currency FX stablecoins. Stabull operates across multiple EVM-compatible chains including Ethereum, Polygon, and Base, giving users access to a broad set of trading pairs without custodial intermediaries. The platform targets users and institutions seeking on-chain FX exposure or efficient stablecoin conversion across non-USD denominated assets.

SunX is a non-custodial perpetual futures decentralized exchange built on the TRON blockchain. The platform executes trades with millisecond-level order processing and implements a multi-source oracle system paired with a circuit-breaker mechanism to mitigate liquidation events. It aggregates on-chain liquidity to reduce slippage on large-volume trades across crypto perpetual pairs including BTC/USDT and ETH/USDT. Trading occurs without gas fees. The platform includes staking, referral, and trade-to-earn modules as additional features.

Swaap Finance operates an onchain trading system built on a market-neutral automated market maker (AMM) architecture. The protocol implements dynamic pricing and risk management mechanisms designed to reduce impermanent loss exposure for liquidity providers compared to constant-product AMM designs. The system functions through algorithmic adjustment of pricing based on market conditions and risk parameters, rather than relying on fixed mathematical formulas. Key components include the dynamic pricing engine, which recalibrates asset valuations in response to market data, and risk management protocols that govern liquidity provider participation. The architecture differs from standard AMM implementations by incorporating market-neutral positioning and adverse selection mitigation. Technical specifications and operational details are documented in research publications and protocol documentation.

Swapsicle is a non-custodial, cross-chain DeFi platform built primarily on the Telos and Mantle networks, offering token swapping, concentrated liquidity provision, yield farming, perpetuals trading, and a token launchpad. The protocol uses a concentrated liquidity model to minimize slippage and transaction fees, and features a dual-token economy centered on the SLUSH and ICE tokens, with ICE serving as the core utility and governance asset staked in the 'Igloo' earning hub. Users can also participate in the Ice Cream Zombie Club NFT collection, which provides ecosystem benefits and fee-sharing through the Zombie Van staking product. The platform targets retail DeFi users seeking an all-in-one trading and yield environment on EVM-compatible chains, with a launchpad service aimed at early-stage crypto projects seeking liquidity and marketing support.