Best of · Cardano · Updated
The best DEXes on Cardano in 2026
We track 18 DEXes that run on Cardano and have reviewed 12 of them in full. Our top pick is Minswap DEX. Each one is scored on security, ease of use, fees and features.
Ranked list
- 1
Minswap DEX
DEXes · Cardano
Minswap is a multi-pool decentralized exchange on Cardano that combines swaps, liquidity pools, staking and farming. It is a long-running Cardano DEX with listed audits, but its reach is limited to one chain.
ScoreScore 7.3 out of 10TVL $13.1M−5.7% - 2
SundaeSwap V2
DEXes · Cardano
SundaeSwap V2 is a Cardano automated market maker DEX from Sundae Labs, listed since January 2022. Its V2 TVL is modest, and the team is now promoting a rebuilt V4.
ScoreScore 6.8 out of 10TVL $437K−6.1% - 3
SundaeSwap V3
DEXes · Cardano
SundaeSwap V3 is an AMM decentralized exchange on Cardano for swapping tokens and providing liquidity. It is an early Cardano DEX, but its listing shows modest TVL and no audits, and the team is already promoting V4.
ScoreScore 6.5 out of 10TVL $2.66M−4.5% - 4
Dano Finance
DEXes · Cardano
Dano Finance is a Cardano exchange for listing and trading bond tokens issued by Optim, with about $5.3 million in TVL. It is a specialist venue rather than a general-purpose DEX.
ScoreScore 6.0 out of 10TVL $5.10M−3.4% - 5
Splash
DEXes · Cardano
Splash is a decentralized exchange on Cardano that pairs AMM liquidity pools with a virtual order book and governance through the SPLASH token. It suits Cardano users who want more order types than a plain swap box, though audits and fees are not published in the sources reviewed.
ScoreScore 6.0 out of 10TVL — - 6
Vyfinance
DEXes · Cardano
VyFinance is a Cardano-based DEX and DeFi protocol with an automated market maker, yield vaults and VYFI token staking. It is a long-running Cardano project, but it publishes no team names or audit details.
ScoreScore 6.0 out of 10TVL — - 7
Muesliswap
DEXes · Cardano, Bitcoin Cash
MuesliSwap is a Cardano DEX with limit-order trading and an instant-swap feature that searches across DEXes. Its core design is clear, but fees and audit status are not published.
ScoreScore 5.8 out of 10TVL — - 8
Saturn Swap
DEXes · Cardano
Saturn Swap is a Cardano order-book DEX designed to trade without a batcher. Its architecture is a clear point of difference, but fees, order details and audit findings are not published.
ScoreScore 5.5 out of 10TVL $14.3K−7.8% - 9
Genius Yield Official
DEXes · Cardano
Genius Yield is a Cardano DeFi platform built around a concentrated-liquidity DEX and automated liquidity strategies. Its core offering is identifiable, but current availability, fees and security details remain unclear.
ScoreScore 5.0 out of 10TVL — - 10
TeddySwap
DEXes · Cardano
TeddySwap is a decentralized exchange on Cardano built around stablecoin swaps and automated liquidity pools, listed on DefiLlama since December 2023. It suits users who want to swap stablecoins on Cardano and can accept the risks of a young, unaudited protocol.
ScoreScore 4.0 out of 10TVL — - 11
WingRiders
DEXes · Cardano
WingRiders is a native automated market maker DEX on Cardano with its own WRT token. It has a small TVL of roughly 1.04 million USD, and the public information available are limited.
ScoreNot rated yetTVL $978K−5.9% - 12
CSWAP DEX
DEXes · Cardano
CSWAP DEX is a Cardano-based decentralized exchange that combines token swaps with NFTfi and has its own CSWAP token. It is a small venue with about $457K in TVL and no listed audits, so treat it as higher risk.
ScoreNot rated yetTVL $423K−6.5% - 13
ErgoDEX
DEXes · Ergo, Cardano
ErgoDEX was a non-custodial decentralized exchange for Ergo and Cardano, offering AMM and order-book trading. It is marked as sunset, so users should not assume its services are available or deposit funds.
ScoreNot rated yetTVL $258K−26.3% - 14
Astarter AMM
DEXes · Cardano, BNB Chain
Astarter is listed as a Cardano DEX, but its current site describes a beta AI trading agent on BNB Smart Chain. The product identity and current status of the AMM are unclear.
ScoreNot rated yetTVL $27.9K−5.5% - 15
Meowswap
DEXes · BNB Chain, Cardano
MeowSwap is presented as a DEX and farming project, but its site claims Cardano support while its listed protocol data points to BNB Chain. Verify which chain and app are currently supported before using it.
ScoreNot rated yetTVL $1.93K−0.7% - 16
DeltaDeFi
DEXes · Cardano
DeltaDeFi is an order book DEX on Cardano that uses Hydra, Cardano's layer-2 scaling protocol, and rewards active traders with points. It is new and in beta, so treat it as an early-stage venue.
ScoreNot rated yetTVL $0 - 17
Vyfinance
DEXes · Cardano
VyFinance is a Cardano DeFi protocol with a decentralized exchange, farms, vaults, governance, and a lottery. Its product range is clear, but the documentation leaves important details about fees, mechanics, and current security coverage unanswered.
ScoreNot rated yetTVL — - 18
Meowswap
DEXes · Cardano
MeowSwap describes itself as a Cardano DEX paired with proprietary L2 scaling. The project publishes few technical details, so users have limited information to assess how it works or its risks.
ScoreNot rated yetTVL —
DEXes on Cardano: the numbers
- Tracked
- 18
- Reviewed
- 18
- Total TVL
- $23.0M
- Avg. score
- 5.9/10
DappsAtlas tracks 18 DEXes on Cardano. Every one of them has a full review. The 10 that report TVL hold $23.0M between them, counting value on every chain they support. Minswap DEX dominates, with 57% of that total. The top five account for 97%, while the median DEX holds $423K.
By value locked, the largest DEXes on Cardano are Minswap DEX ($13.1M), Dano Finance ($5.10M) and SundaeSwap V3 ($2.66M). The best-rated is Minswap DEX with 7.3/10, followed by SundaeSwap V2 (6.8) and SundaeSwap V3 (6.5). That makes Minswap DEX both the biggest and the best-rated. The 10 rated DEXes average 5.9/10, and none scores 8 or above yet.
Beyond Cardano, these DEXes most often also run on BNB Chain (2), Bitcoin Cash (1) and Ergo (1). Of the 12 with a confirmed status, 11 are active and 1 is inactive or wound down. In the past week, total value locked fell 5.4%. Minswap DEX dropped the most (−5.7%).
Largest by TVL
- 1
Minswap DEX$13.1M
- 2
Dano Finance$5.10M
- 3
SundaeSwap V3$2.66M
- 4
WingRiders$978K
- 5
SundaeSwap V2$437K
Highest rated
- 1
- 2
- 3
- 4
- 5Splash6.0
Method
How we ranked them
Reviewed dApps come first. Each DappsAtlas review scores security, ease of use, fees and features from 0 to 10 using public facts such as audits, documentation and on-chain data; the overall score orders the list, with total value locked as the tie-breaker. Projects we have not reviewed yet follow, ordered by total value locked. Scores are never sold.
Guides
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Frequently asked questions
What is the largest DEX on Cardano by TVL?
Minswap DEX is the largest DEX on Cardano by total value locked, with $13.1M across all the chains it supports. It is followed by Dano Finance ($5.10M) and SundaeSwap V3 ($2.66M). TVL figures come from DefiLlama and change daily.
Which DEX on Cardano has the highest DappsAtlas score?
Minswap DEX has the highest score at 7.3/10, ahead of SundaeSwap V2 (6.8) and SundaeSwap V3 (6.5). Scores weigh security, ease of use, fees and features, and are based only on facts we could verify.
How many DEXes on Cardano has DappsAtlas reviewed?
DappsAtlas tracks 18 DEXes on Cardano. Of these, 18 have a full review and 10 report value locked, $23.0M in total, counting value on every chain they support.
Which DEXes on Cardano grew the most this week?
Among DEXes with at least $1M locked, Minswap DEX the biggest drop (−5.7%). Combined TVL moved −5.4% over the same seven days.
What is the average score for DEXes on Cardano?
The 10 rated DEXes on Cardano average 5.9 out of 10. Of these, 0 score 8 or higher and 1 score below 5.