Looking for the best decentralized exchange? We've tested and reviewed 22+ DEXs across Ethereum, Solana, Arbitrum, and more — covering fees, security, liquidity, and real trading experience. No sponsored rankings. No paid placements.
🔥 Top Perpetual DEX Reviews
Hyperliquid Review — The #1 perp DEX by volume. Own L1, 50x leverage, HLP vaults. Score: 4.7/5
dYdX Review — OG perp DEX with own Cosmos L1. 220+ markets, 0% BTC promo. Score: 4.3/5
GMX Review — Pool-based perps with oracle pricing. 7 chains, 22% staking APR. Score: 4.2/5
Lighter Review — Zero-fee trading with ZK-SNARK proofs. $1.5B valuation. Score: 4.4/5
ApeX Protocol Review — Email signup, prediction markets, stock perpetuals. 100x leverage, 6 chains. Score: 4.5/5
Aster Review — Multi-chain perps with hidden orders and stock perpetuals. Hyperliquid challenger. Score: 4.3/5
edgeX Review — Goldman Sachs pedigree, StarkEx ZK-rollups, sub-10ms execution. Score: 4.3/5
Extended Review — Ex-Revolut team on Starknet with unified margin vision. Score: 4.0/5
Jupiter Review — Solana's DeFi superapp. Aggregator + perps + launchpad. Score: 4.6/5
💱 Top Spot DEX Reviews
Uniswap Review — The OG AMM. $2T+ all-time volume, 11 chains, Uniswap v4 hooks. Score: 4.5/5
PancakeSwap Review — Multi-chain AMM leader. $2.36T 2025 volume, 10 chains, deflationary CAKE. Score: 4.4/5
Curve Finance Review — King of stablecoin swaps. Lowest slippage for pegged assets. Score: 4.3/5
SushiSwap Review — OG Uniswap fork. 99% TVL collapse but still operational. Score: 3.0/5
🔀 DEX Aggregator Reviews
1inch Review — Largest DEX aggregator. $214B 2025 volume, Fusion gasless swaps, 13+ chains. Score: 4.4/5
🏔️ L2 DEX Reviews (Base, Optimism, Arbitrum)
Aerodrome Review — Base's liquidity king. $500M TVL, ve(3,3) tokenomics, 55% of Base DeFi. Score: 4.5/5
Velodrome Review — ve(3,3) pioneer on Optimism. $9B+ 2025 volume, merged with Aerodrome (Aero). Score: 4.3/5
☀️ Solana DEX Reviews
Raydium Review — Solana's liquidity backbone. CLMM pools + LaunchLab. Score: 4.2/5
Orca Review — Zero hacks in 4+ years. Whirlpools concentrated liquidity, cleanest Solana UI. Score: 4.4/5
Meteora Review — DLMM innovation + Dynamic Vaults. Best capital efficiency on Solana. Score: 4.4/5
Axiom Pro Review — Fastest Solana trading terminal for memecoin sniping. Score: 4.1/5
⛰️ Other Chain Reviews
LFJ Review — Avalanche's OG DEX, now expanding to Monad. Liquidity Book tech. Score: 4.0/5
AscendEX DEX Review — Orderly-powered perps with troubled parent company. Score: 3.2/5
⚠️ Cautionary Reviews
THORChain Review — Native cross-chain swaps (real BTC↔ETH). Unique tech, but $200M THORFi collapse in Jan 2025. Score: 3.2/5
Blackhole DEX Review — Influencer-backed Avalanche DEX that cratered 97%. Score: 1.5/5
All reviews updated February 2026. We re-test quarterly. About our methodology.