Decentralized Exchanges Companies

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.

Sphynx Labs operates a multi-chain DeFi trading platform accessible at thesphynx.co, offering token swaps, charting, liquidity bridging, yield farms, staking pools, and a launchpad across 19 or more blockchain networks including BNB Smart Chain. The platform aggregates liquidity from over 300 pools to optimize swap pricing, and includes supplementary tools such as a pair explorer, multi-chart view, token locker, airdrop manager, and a no-KYC Visa crypto card. A companion crypto payments product, SphynxPay, allows merchants to accept cryptocurrency. The platform targets retail DeFi users seeking a consolidated interface for trading and yield activities, and issues its own native token, SPHYNX, traded on the platform itself.

Stable.com is a stablecoin swap platform operated by Unlimit that facilitates 1:1 conversions between stablecoins. The platform executes swaps without protocol fees and without slippage. It functions as a decentralized stablecoin clearing house, enabling users to connect a wallet and perform swap, buy, or sell transactions for stablecoins directly on-chain. The platform is designed to provide infrastructure for stablecoin liquidity by allowing users to move between different stablecoin denominations without incurring trading costs.

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.

SUN.io is a decentralized finance protocol deployed on the Tron blockchain. The protocol provides token swapping functionality through SunSwap, an automated market maker based decentralized exchange, alongside liquidity mining and staking mechanisms. Governance is facilitated through the native SUN token. The protocol issues wrapped token variants including WTRX and WBTT to enable cross-asset functionality. Additional components include Century Mining pools that generate yield and a token burn mechanism. The system supports non-custodial trading and yield generation for users holding TRC-20 assets on the Tron network. SUN.io operates as a community-governed protocol with published technical documentation.

Sundae Labs is a blockchain software company that develops decentralized financial infrastructure on the Cardano network. SundaeSwap is its primary product, functioning as an automated market maker (AMM) decentralized exchange that facilitates non-custodial token swaps. The company maintains a product portfolio that includes Gummiworm, a Layer 2 scalability solution built on Hydra; Sundae Governance, a voting platform for decentralized autonomous organizations; Gastronomy, a UPLC debugger for Cardano smart contracts; and Sundae Rewards, a non-custodial token distribution platform. Sundae Labs also provides professional services to projects within the Cardano ecosystem.

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.

TDEX is an open-source, decentralized, peer-to-peer exchange protocol built on the Liquid Network, a Bitcoin layer-2 sidechain developed by Blockstream. The protocol uses atomic swaps to enable non-custodial trading of Liquid-based assets, including Liquid Bitcoin (L-BTC), without relying on a central intermediary. It is developed and managed by Sevenlabs, and serves both retail users via a mobile app (TrueDEX, available on iOS and Android) and liquidity providers who can deploy market-making nodes through a dashboard available on Umbrel and Start9. The protocol was first deployed on mainnet in 2020 and includes a published whitepaper, developer documentation, and a specification for building on top of the TDEX standard.

TELx Network is a decentralized finance liquidity mining platform centered on the Telcoin (TEL) token. It functions as the decentralized liquidity layer within the Telcoin Platform architecture. The system enables users to provide liquidity to TEL-paired trading pools on Balancer and Uniswap (including Uniswap v4 deployed on Base), stake liquidity provider tokens to earn TEL token rewards, and participate in governance through the Telcoin Association. Active liquidity pools include TEL/USDC, TEL/WETH, and TEL/WBTC on the Polygon network, along with an ETH/TEL pool on Base. The platform operates on a non-custodial model, maintaining user control of assets throughout the liquidity provision and staking process. TELx Network is positioned as a user-owned financial infrastructure component integrated with Telcoin's mobile payments ecosystem.

Temple Digital Group operates a non-custodial capital markets platform built on the Canton Network, a privacy-preserving enterprise blockchain. The core product is a central limit book (CLOB) with price-time priority matching that enables trading of digital assets including equities, tokens, and commodities on a continuous basis. The platform incorporates native compliance mechanisms through permissioned counterparty verification, atomic settlement, and onchain privacy controls. It is designed for institutional and corporate users requiring audit-ready records and regulatory assurance. Temple provides an open API and modular infrastructure layer that allows other Canton-based environments to integrate orderbook functionality into their financial applications.

Tokenlon is a non-custodial decentralized exchange protocol deployed on Ethereum and Arbitrum. It facilitates token swaps and limit orders by aggregating liquidity from professional market makers instead of using an automated market maker model. The protocol employs a request-for-quote mechanism to source pricing. The native token, LON, functions in community governance, fee distribution, and staking incentives through on-chain proposals. The system operates under decentralized autonomous organization governance with a community treasury and on-chain governance proposals. The protocol supports both retail and institutional users and handles trades across multiple token pairs.

TradeView is a decentralized perpetual trading exchange built on blockchain infrastructure, offering non-custodial spot and derivatives trading with a social, live-streaming layer embedded into the trading interface. Its core product differentiator is the combination of on-chain perpetual contracts with real-time trade broadcasting, positioning it as a socially interactive DEX rather than a purely utilitarian protocol. The platform operates a native token, $TVX, which serves utility and governance functions within the ecosystem as described in its tokenomics documentation. TradeView is aimed at retail crypto traders seeking a faster, self-custodial alternative to centralized derivatives platforms, with a testnet already live for user testing prior to mainnet launch.

The Uniswap Foundation is a nonprofit organization that supports development, research, and community growth around the Uniswap protocol. It provides funding for grants, audit subsidies, and educational initiatives including the Uniswap Hook Incubator and the TLDR research fellowship. These programs are designed to expand the ecosystem of builders working with Uniswap v4 and Unichain. The foundation operates as a governance and ecosystem stewardship body rather than directly operating the protocol itself. It coordinates with the broader Uniswap DAO community and works with various partners and projects in the ecosystem. The foundation's role focuses on supporting protocol development, enabling research activities, and facilitating community participation through structured funding and educational programs.

Universal is a cross-chain trading platform that allows users to exchange cryptocurrency assets across multiple blockchains, including non-EVM chains, through a single interface. The platform operates using the Universal protocol, which creates and destroys bridgeable tokens called uAssets. This mechanism enables non-EVM native tokens such as DOGE, XRP, ZEC, SOL, and BTC to be made accessible within EVM-compatible decentralized finance environments. The system routes trades to available liquidity sources and supports connection with compatible wallet implementations. The platform integrates with Uniswap's Unichain L2 and functions as cross-chain asset infrastructure rather than as an isolated decentralized exchange.

uSwap is a decentralized cryptocurrency exchange protocol that enables peer-to-peer token swaps without custodial intermediaries. The protocol implements an AI neural network algorithm designed to optimize swap routing and pricing mechanisms. Users access the system through a web interface at uswap.net and a Telegram bot interface for executing swaps. The protocol charges no trading fees on transactions. Specific details regarding supported blockchain networks, liquidity sourcing mechanisms, and operational parameters are not publicly documented.

WolfSwap is a DEX aggregator built on the Cronos blockchain, routing token swaps across multiple liquidity sources to secure best-available rates for users. The platform offers a standard swap interface alongside a PRO terminal, a launchpad for new token projects, an Amplify feature, and a contest/leaderboard system with gamified mystery-box prizes tied to swap activity. Its native token PACK trades on Cronos, and the platform surfaces real-time price data for CRO and PACK directly in the UI. The product targets retail DeFi users on the Cronos chain seeking optimized swap execution without custodying assets.

WOOFi is a non-custodial decentralized exchange built on the WOO Network ecosystem, supporting spot swaps, cross-chain swaps, and perpetual futures trading across 15 or more blockchains. The protocol uses a proprietary liquidity model designed to minimize slippage, and offers earn vaults with single-asset deposits and zero impermanent loss alongside WOO token staking for fee discounts and revenue sharing. Products include WOOFi Swap for spot and cross-chain trading, WOOFi Pro for up to 100x leveraged perpetuals across 100 or more pairs, and an agent-facing API layer with Python SDKs for autonomous on-chain execution. The native token, WOO, is used for staking, governance, and fee reduction.

XDEX is a decentralized trading platform built on the XRP Ledger (XRPL), originally conceived as a decentralized Bitcoin security token exchange in partnership with Blockstream and Sevenlabs. The platform leverages XRPL's native decentralized exchange functionality to enable non-custodial trading. After an alpha phase, the team open-sourced its underlying infrastructure, including the xrplmeta.org metadata layer, and paused the main platform for a systems upgrade. The product targets crypto traders seeking decentralized, non-custodial access to XRPL-based assets.

Xgram.io is a non-custodial cryptocurrency exchange platform that facilitates peer-to-peer swaps across multiple digital assets including Bitcoin, Monero, Ethereum, USDT, and BNB. The platform does not hold user funds. Swaps are routed automatically at market rates upon payment receipt. The system supports cross-chain bridging across Ethereum, Solana, Arbitrum, BNB Chain, Polygon, and Optimism networks. The platform provides an API, affiliate program, embeddable widget, and token listing service for business users. A security audit was conducted by Hacken. The platform operates without KYC requirements and includes a focus on XMR trading pairs.

XPMarket is a non-custodial DeFi platform built on the XRP Ledger (XRPL), offering a decentralized exchange (DEX), automated market maker (AMM) pools, token swapping, and an NFT marketplace. All trades settle peer-to-peer directly on the XRPL without the platform taking custody of user funds, operating under a self-custody model. The platform also includes portfolio tracking, liquidity farming, a rewards center, an ETF tracker, and a meme token voting feature, making it a broad XRPL-native DeFi hub. It issues its own native token, XPM, which is used within the ecosystem for liquidity pools and rewards. The primary audience is retail crypto users seeking XRPL-based DeFi tools without relying on centralized intermediaries.

XSwap is a non-custodial cross-chain swap and bridge protocol that allows users to exchange tokens across multiple blockchain networks from a single interface. The protocol offers a native token ($XSWAP) with staking and vesting functionality, as well as an airdrop program, suggesting a community-oriented tokenomics model. Its product suite includes a cross-chain bridge, a token swap interface, and an AI-powered insights feature accessible via the main app. XSwap targets retail DeFi users seeking interoperability between chains without relying on centralized intermediaries.