Decentralized Exchanges Companies

KaleidoSwap is a non-custodial decentralized exchange built specifically for Bitcoin's multi-layer ecosystem, enabling trustless atomic swaps of BTC, USDT, stablecoins, and RGB-issued assets across Lightning Network, RGB protocol, and Spark. The core mechanism relies on Hash Time-Locked Contracts to ensure swap atomicity, eliminating counterparty risk without bridges or intermediaries. The desktop application bundles a full RGB Lightning node, giving technically proficient users complete sovereignty over their infrastructure. KaleidoSwap targets self-sovereign Bitcoin users and developers building on Bitcoin Layer 2 protocols, and offers a developer SDK for wallet and application integrations. The project is a founding partner of the RGB Protocol Association and has received backing from venture investors focused on the Bitcoin ecosystem.

KiloEx is a non-custodial perpetual futures DEX deployed on opBNB and Base, enabling users to trade crypto derivatives including BTC, ETH, and a broad range of altcoin pairs with leverage. The protocol operates a hybrid model combining spot and perpetual futures markets, with a native token (KILO) that can be staked as xKILO to participate in fee-sharing and governance. Users interact via a web app or Telegram-based interface. KiloEx has received backing from Binance and institutional venture investors, and has passed security audits from multiple third-party firms including Secure3 and Ancilia.

Kuru Exchange is a fully on-chain order book decentralized exchange built natively on the Monad blockchain. Unlike AMM-based DEXs, it uses a central limit order book model executed entirely on-chain, enabling price discovery and trading mechanics closer to traditional exchange infrastructure. The platform offers spot trading, token swaps, liquidity provision to order book markets, and yield-bearing vaults, targeting both retail traders and liquidity providers within the Monad ecosystem. Kuru is backed by tier-1 venture investors and positions itself as the primary trading hub for Monad-native tokens and assets.

Macaron is a non-custodial decentralized exchange built natively on Bitlayer, a Bitcoin Layer 2 network. The protocol offers token swapping, liquidity pools, and an airdrop/points rewards system, positioning itself as the primary AMM-style DEX on the Bitlayer ecosystem. It targets DeFi users seeking Bitcoin-secured liquidity and on-chain trading without centralized custody. The platform has undergone a third-party security audit and provides supporting infrastructure including analytics, an ecosystem directory, and a token list. No founding year or headquarters information is disclosed on the site, and the project operates without a clearly identified legal domicile.

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.

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.

mySwap is a concentrated liquidity automated market maker (AMM) built on Starknet, a Layer 2 network on Ethereum. It allows liquidity providers to deposit assets into specific price ranges to maximize capital efficiency and earn trading fees. Differentiators include optimized gas costs, a one-click rebalance feature for out-of-range positions, real-time Telegram alerts for position monitoring, and a zero protocol fee model that passes all returns directly to liquidity providers. The platform targets DeFi users seeking higher APRs through concentrated liquidity strategies on Starknet.

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.

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.

PulseX is a decentralized exchange (DEX) built on PulseChain, functioning as an automated market maker (AMM) forked from Uniswap. It allows users to swap PRC20 tokens at a 0.29% fee, with 76% of fees distributed to liquidity providers and 21% used to buy and burn its native token PLSX, creating a deflationary supply mechanism. The protocol targets PulseChain users and ERC20 holders who bridge assets from Ethereum, offering yield farming via LP token deposits into incentivized pools governed by a PLSX-holder DAO. PulseX positions itself as the primary liquidity venue on PulseChain, leveraging the chain's sub-cent transaction fees and approximately 3-second confirmation times to compete with Ethereum-based DEXs on cost and speed.

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.

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.

Runes DEX is a non-custodial automated market maker (AMM) built specifically for trading Runes tokens on the Bitcoin network. Users can swap Bitcoin directly for Runes-protocol assets such as DOG•GO•TO•THE•MOON, with on-chain settlement denominated in satoshis and a 2% service fee per trade. The platform also offers liquidity pools, a token browser, a rewards program, a cross-chain bridge (via Tricorn Network), and a launchpad (BigFun) for new Runes projects. It raised a $2M seed round in April 2024 and has undergone a security audit by Hacken, with documentation available at docs.runesdex.com.

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.

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.

SunSwap is a non-custodial automated market maker (AMM) decentralized exchange built on the TRON blockchain, enabling permissionless token swaps and liquidity provision for TRC-20 assets. The protocol uses a constant-product AMM model and supports liquidity pools where users can deposit token pairs to earn trading fees. SunSwap is closely integrated with the broader Sun.io ecosystem, which includes governance via SUN DAO, a native SUN token subject to periodic buyback-and-burn programs, and a memecoin launchpad called Sun Pump. The platform targets retail DeFi users operating within the TRON ecosystem who seek low-cost, on-chain token trading without relying on a centralized intermediary.

THENA is a decentralized exchange (DEX) built on BNB Chain and opBNB, offering spot trading, perpetuals trading, and liquidity pools through a non-custodial AMM model. The protocol incorporates a ve(3,3) tokenomics design, where users lock the native THE token as veTHE to vote on liquidity gauge weights and earn voting incentives and rebase rewards. THENA also supports cross-chain trading and fiat on-ramp functionality, broadening accessibility for retail DeFi users. The platform has processed over $41 billion in total volume and holds meaningful total value locked, positioning it as a significant DEX within the BNB Chain ecosystem. THENA is backed by Yzi Labs (formerly Binance Labs) and operates with a governance forum and on-chain voting mechanism for protocol decisions.

Tinyman is a non-custodial, automated market maker (AMM) decentralized exchange built on the Algorand blockchain, enabling users to swap Algorand Standard Assets (ASAs) and provide liquidity to earn trading fees. The protocol operates via on-chain smart contracts, with Tinyman v2 introducing updated contracts, improved fee structures, trigger orders based on price targets, and recurring order functionality. It also offers liquid staking, allowing users to support Algorand network security while earning staking rewards. The platform targets retail traders, liquidity providers, and developers building within the Algorand DeFi ecosystem, and issues a native governance token (TINY) with planned utility enhancements on its public roadmap.

Turbos Finance is a non-custodial decentralized exchange and DeFi marketplace built on the Sui blockchain, offering spot trading, concentrated liquidity market making, and a central limit order book service powered by the Sui Foundation. The protocol aggregates liquidity across multiple sources to provide competitive pricing, and supports flexible liquidity provision modes designed for both retail and professional users. Beyond trading, Turbos operates Turbos.fun, a meme token fair-launch platform within the Sui ecosystem, and a zero-commission launchpad for Sui-native projects. The platform targets a broad audience from casual crypto traders to experienced DeFi participants, and is one of the earliest DeFi protocols to launch on Sui mainnet.

Ubeswap is a non-custodial, mobile-first decentralized exchange built natively on the Celo blockchain, enabling users to swap tokens and provide liquidity through an automated market maker model. The protocol is designed with a mobile-first interface, reflecting Celo's focus on smartphone-accessible DeFi for users in emerging markets. Ubeswap supports Celo-native assets and is one of the primary DEX venues on the network, serving retail DeFi participants who interact with Celo's ecosystem. The protocol has its own governance token, UBE, which is used for liquidity mining incentives and protocol governance. Ubeswap operates as a community-driven, DAO-governed project with no identified central corporate HQ.

Velodrome Finance is a non-custodial decentralized exchange (DEX) built on the Optimism Superchain, offering token swaps, liquidity provision, and an on-chain governance model. It describes itself as a 'MetaDEX,' combining concentrated and standard AMM liquidity pools with a ve(3,3) tokenomics model where 100% of trading fees and incentives are distributed to liquidity providers and VELO token voters. Users can lock VELO tokens to vote on pool emissions, earning weekly fees and external incentives in return. The protocol was founded with no VC funding and no token sale, positioning itself as a public good; it also supports cross-chain swapping via a 'Superswaps' feature targeting Superchain interoperability.