Best of · Ethereum · Updated
The best DEXes on Ethereum in 2026
We track 151 DEXes that run on Ethereum and have reviewed 114 of them in full. Our top pick is Uniswap V4. Each one is scored on security, ease of use, fees and features.
Ranked list
- 1
Uniswap V4
DEXes · Ethereum, Robinhood Chain, Base +19
Uniswap V4 is the latest version of the Uniswap decentralized exchange, adding customizable pool logic called hooks on top of V3's concentrated liquidity. It is a large, multichain DEX with roughly $1.17 billion in TVL, but costs and hook risk need checking.
ScoreScore 8.5 out of 10TVL $1.18B+3.6% - 2
Uniswap V3
DEXes · Ethereum, Base, Arbitrum +38
Uniswap V3 is a decentralized exchange protocol that lets users swap tokens and provide concentrated liquidity across more than 40 chains, with about $1.6 billion in TVL on DefiLlama.
ScoreScore 8.4 out of 10TVL $1.52B−1.8% - 3
Uniswap V2
DEXes · Ethereum, Base, Polygon +14
Uniswap V2 is the constant-product automated market maker version of Uniswap, still holding about $938 million in TVL across 17 chains. It is a widely used, permissionless swap venue, but liquidity providers carry impermanent loss risk.
ScoreScore 8.0 out of 10TVL $870M−3.6% - 4
Curve
DEXes · Ethereum
Curve is a decentralized exchange on Ethereum, with deployments on other chains, built for low-slippage swaps between assets of similar value such as stablecoins. It suits traders and liquidity providers who understand smart-contract risk.
ScoreScore 8.0 out of 10TVL — - 5
PancakeSwap AMM V3
DEXes · BNB Chain, Ethereum, Base +8
PancakeSwap AMM V3 is the concentrated-liquidity version of the PancakeSwap DEX, listed on DefiLlama with about $712 million in TVL across 11 chains. It is a large, multichain venue, though public sources list no audits for this entry.
ScoreScore 7.8 out of 10TVL $684M−1.3% - 6
THORChain DEX
DEXes · THORChain, Bitcoin, Ethereum +10
THORChain is a Layer 1 DEX that swaps native assets such as BTC, ETH and SOL across chains without wrapped tokens or bridges. It suits self-custody users who want no-account swaps, but fees and protocol risk need a close look.
ScoreScore 7.7 out of 10TVL $61.3M−5.3% - 7
Quickswap
DEXes · Polygon, Base, Immutablezkevm +6
QuickSwap is a decentralised exchange that began on Polygon and now spans several EVM chains, with swaps, liquidity pools, farms, perpetuals and staking in one app. It offers broad features, but users carry smart-contract and leverage risk.
ScoreScore 7.6 out of 10TVL — - 8
Chainflip AMM
DEXes · Ethereum
Chainflip is a cross-chain DEX that swaps native Bitcoin, Ethereum, Solana and other assets without wrapped tokens, run by a Proof-of-Stake validator network. Its main appeal is native swaps; its main caveat is a custom trust model and unclear fee detail.
ScoreScore 7.5 out of 10TVL $10.6M+6.4% - 9
Uniswap
DEXes · Ethereum, Base, Arbitrum +2
Uniswap is a decentralized exchange protocol for swapping tokens through liquidity pools across several chains. It offers self-custody trading, but users need to check pool liquidity, token risks and the total cost before confirming a swap.
ScoreScore 7.5 out of 10TVL — - 10
SushiSwap
DEXes · Ethereum, Polygon, Arbitrum +32
SushiSwap is a long-running multichain decentralized exchange that pairs a swap interface with an aggregator for routing across many networks. It suits users who want broad chain coverage, but liquidity and fee details vary by chain.
ScoreScore 7.4 out of 10TVL $35.5M−0.8% - 11
Fluid DEX
DEXes · Ethereum, Arbitrum, Base +2
Fluid DEX is the trading layer of Fluid, Instadapp's DeFi protocol, which lets liquidity providers also use their positions as collateral. It holds about $221 million in TVL across five chains, but no audits are listed in the data we reviewed.
ScoreScore 7.2 out of 10TVL $217M−2.6% - 12
SushiSwap V3
DEXes · Ethereum, Katana, Robinhood Chain +27
SushiSwap V3 is the concentrated-liquidity version of Sushi's DEX, a Uniswap V3 fork live on more than 30 chains with about $41.5M in TVL. It suits swappers and liquidity providers who want broad chain coverage, but public sources list no audits.
ScoreScore 7.0 out of 10TVL $39.6M+4.2% - 13
PancakeSwap StableSwap
DEXes · BNB Chain, Arbitrum, Ethereum
PancakeSwap StableSwap is the stable-pair trading feature of PancakeSwap, built for low-slippage swaps between similarly priced assets such as USD stablecoins. It is a simple, established option, though the listing shows no audits and a reported code-licensing dispute.
ScoreScore 7.0 out of 10TVL $3.60M−2.0% - 14
Wombat Exchange
DEXes · BNB Chain, Arbitrum, Avalanche +7
Wombat Exchange is a multi-chain stableswap DEX that started on BNB Chain and uses single-sided liquidity pools for low-slippage swaps. It covers many chains, but its listed TVL is only about $1.04 million.
ScoreScore 7.0 out of 10TVL $1.05M+1.1% - 15
Carbon Defi
DEXes · Ethereum, Sei, Celo +1
Carbon DeFi is a decentralized trading protocol where users set custom on-chain limit orders, range orders and grid-style strategies. It suits hands-on traders, but its liquidity is modest.
ScoreScore 7.0 out of 10TVL $1.03M−4.3% - 16
Maverick Protocol
DEXes · Ethereum, zkSync Era
Maverick Protocol is a decentralized exchange built around an automated market maker that moves liquidity to follow price. It suits liquidity providers who want more control, but fees and audits need checking before use.
ScoreScore 7.0 out of 10TVL — - 17
Balancer V2
DEXes · Ethereum, Polygon, Arbitrum +6
Balancer V2 is an automated market maker protocol for programmable liquidity pools, live on Ethereum and several other EVM chains. It is established but mid-sized by TVL, so check pool depth and risks first.
ScoreScore 6.8 out of 10TVL $16.5M−1.0% - 18
ApeSwap AMM
DEXes · BNB Chain, Polygon, Arbitrum +2
ApeSwap AMM is the original DEX arm of what is now ApeBond, a multi-chain platform for token bonds, swaps and USDT-based yield. It suits DeFi users comfortable with vesting and token-price risk.
ScoreScore 6.8 out of 10TVL $8.41M−1.8% - 19
Frax Swap
DEXes · Fraxtal, Ethereum, BNB Chain +7
Fraxswap is a Uniswap V2-based constant product AMM from the Frax ecosystem, with an embedded time-weighted average market maker for large trades. It is a niche, permissionless DEX with modest TVL and a recent drop in liquidity.
ScoreScore 6.8 out of 10TVL $8.18M−1.0% - 20
Angstrom
DEXes · Ethereum
Angstrom is a Uniswap V4 hook-based DEX on Ethereum, built by Sorella Labs, that uses batch auctions to return MEV to liquidity providers. It is a new design with modest TVL and no listed audits in DefiLlama data.
ScoreScore 6.8 out of 10TVL $5.14M−3.1% - 21
WOOFi Swap
DEXes · Arbitrum, Optimism, Avalanche +13
WOOFi Swap is a multi-chain DEX offering swaps, cross-chain swaps, single-sided yield, staking and perpetuals. Its 2024 exploit and modest TVL are the main caveats.
ScoreScore 6.8 out of 10TVL $3.20M+4.8% - 22
KyberSwap Classic
DEXes · Ethereum, Polygon, Avalanche +12
KyberSwap Classic is the original Kyber AMM liquidity-pool product, now part of the wider KyberSwap platform. It is non-custodial and multi-chain, but its TVL is small, about $1.04M.
ScoreScore 6.8 out of 10TVL $1.02M−0.7% - 23
Curve Finance
DEXes · Ethereum
Curve Finance is an Ethereum decentralized exchange built around stablecoin swaps and pools for closely priced assets. It suits users who need low-slippage stablecoin trades, with the 2023 exploit and smart-contract risk as the main caveat.
ScoreScore 6.8 out of 10TVL — - 24
DeGate
DEXes · Ethereum, Solana, Base +2
DeGate started as an app-specific ZK rollup with a decentralized order book on Ethereum and now presents itself as a multichain self-custody wallet with tokenized stocks. It is worth a look for self-custody traders, but fees and audit details are not published in the material reviewed.
ScoreScore 6.8 out of 10TVL — - 25
ShibaSwap V1
DEXes · Ethereum, Shibarium
ShibaSwap V1 is the decentralized exchange of the Shiba Inu ecosystem, offering swaps, liquidity provision and staking on Ethereum and Shibarium. It is mainly relevant to SHIB, LEASH and BONE holders, and its liquidity is modest.
ScoreScore 6.5 out of 10TVL $5.36M−1.7%
DEXes on Ethereum: the numbers
- Tracked
- 151
- Reviewed
- 151
- Total TVL
- $4.81B
- Avg. score
- 5.6/10
DappsAtlas tracks 151 DEXes on Ethereum. Every one of them has a full review. The 115 that report TVL hold $4.81B between them, counting value on every chain they support. Uniswap V3 is the clear leader, holding 32% of it. The top five account for 93%, while the median DEX holds $270K.
Ranked by TVL, Uniswap V3 ($1.52B), Uniswap V4 ($1.18B) and Uniswap V2 ($870M) lead the field. On DappsAtlas scores, Uniswap V4 ranks first at 8.5/10, ahead of Uniswap V3 (8.4) and Uniswap V2 (8.0). Across the 110 rated DEXes, the average score is 5.6/10 and 4 score 8 or higher.
Beyond Ethereum, these DEXes most often also run on BNB Chain (59), Arbitrum (49) and Polygon (47). Of the 96 with a confirmed status, 88 are active and 8 are inactive or wound down. Over the last seven days, combined TVL fell 0.7%. Lista DEX gained the most (+14.3%), while Balancer V3 dropped the most (−8.6%).
Largest by TVL
- 1
Uniswap V3$1.52B
- 2
Uniswap V4$1.18B
- 3
Uniswap V2$870M
- 4
PancakeSwap AMM V3$684M
- 5
Fluid DEX$217M
Highest rated
- 1
- 2
- 3
- 4Curve8.0
- 5
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.
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Frequently asked questions
What is the largest DEX on Ethereum by TVL?
Uniswap V3 is the largest DEX on Ethereum by total value locked, with $1.52B across all the chains it supports. It is followed by Uniswap V4 ($1.18B) and Uniswap V2 ($870M). TVL figures come from DefiLlama and change daily.
Which DEX on Ethereum has the highest DappsAtlas score?
Uniswap V4 has the highest score at 8.5/10, ahead of Uniswap V3 (8.4) and Uniswap V2 (8.0). Scores weigh security, ease of use, fees and features, and are based only on facts we could verify.
How many DEXes on Ethereum has DappsAtlas reviewed?
DappsAtlas tracks 151 DEXes on Ethereum. Of these, 151 have a full review and 115 report value locked, $4.81B in total, counting value on every chain they support.
Which DEXes on Ethereum grew the most this week?
Among DEXes with at least $1M locked, Lista DEX had the biggest 7-day TVL gain (+14.3%) and Balancer V3 the biggest drop (−8.6%). Combined TVL moved −0.7% over the same seven days.
What is the average score for DEXes on Ethereum?
The 110 rated DEXes on Ethereum average 5.6 out of 10. Of these, 4 score 8 or higher and 30 score below 5.