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Best of · Hedera · Updated

The best DEXes on Hedera in 2026

We track 6 DEXes that run on Hedera and have reviewed 6 of them in full. Our top pick is SaucerSwap V2. Each one is scored on security, ease of use, fees and features.

Ranked list

  1. 1
    SaucerSwap V2 logo

    SaucerSwap V2

    DEXes · Hedera

    SaucerSwap V2 is the concentrated-liquidity version of a DEX built natively on Hedera. It has a public audit trail and an open-source codebase, but TVL is modest and fee rates are not published publicly.

    Read the SaucerSwap V2 reviewVisit SaucerSwap V2(opens in a new tab)
    ScoreScore 7.2 out of 10
    TVL $13.7M−4.0%
  2. 2
    SaucerSwap V1 logo

    SaucerSwap V1

    DEXes · Hedera

    SaucerSwap V1 is the original automated market maker on Hedera, offering token swaps, liquidity pools and SAUCE staking. It has been live since 2022 and publishes audits, but its TVL is modest at about 7.7 million USD.

    Read the SaucerSwap V1 reviewVisit SaucerSwap V1(opens in a new tab)
    ScoreScore 7.2 out of 10
    TVL $7.31M−5.2%
  3. 3
    Pangolin V2 logo

    Pangolin V2

    DEXes · Avalanche, Hedera, Flare +1

    Pangolin V2 is a community-driven decentralized exchange that runs on Avalanche, Hedera, Flare and Songbird. It is a small-TVL venue with three audits listed, so check pool depth before trading.

    Read the Pangolin V2 reviewVisit Pangolin V2(opens in a new tab)
    ScoreScore 6.5 out of 10
    TVL $1.72M−2.9%
  4. 4
    Saucerswap logo

    Saucerswap

    DEXes · Hedera

    SaucerSwap is a decentralized exchange on the Hedera network where users swap HBAR and HTS tokens through pools in three forms. Its main draws are fast swaps on Hedera and a token-governed DAO, but public sources reviewed do not publish its fee schedule, audits or team.

    Read the Saucerswap reviewVisit Saucerswap(opens in a new tab)
    ScoreScore 5.8 out of 10
    TVL —
  5. 5
    HbarSuite logo

    HbarSuite

    DEXes · Hedera, Solana, XRP Ledger

    HbarSuite, now branded HSuite, started as a DeFi suite on Hedera and is repositioning as a multi-chain infrastructure hub with a Hedera DEX in its ecosystem. It is active, but its direction is in transition and the data is limited.

    Read the HbarSuite reviewVisit HbarSuite(opens in a new tab)
    ScoreScore 5.6 out of 10
    TVL $3.60M+10.0%
  6. 6
    HeliSwap logo

    HeliSwap

    DEXes · Hedera

    HeliSwap is a Hedera-based decentralized exchange for swaps among HBAR and tokens. It offers liquidity pools, but fee details and the scope of its listed audits are unclear.

    Read the HeliSwap reviewVisit HeliSwap(opens in a new tab)
    ScoreScore 5.5 out of 10
    TVL —

DEXes on Hedera: the numbers

Tracked
6
Reviewed
6
Total TVL
$26.3M
Avg. score
6.3/10

The DappsAtlas index lists 6 DEXes on Hedera. Every one of them has a full review. Across the 4 with TVL data, the combined value locked is $26.3M, counting value on every chain they support. SaucerSwap V2 dominates, with 52% of that total.

Ranked by TVL, SaucerSwap V2 ($13.7M), SaucerSwap V1 ($7.31M) and HbarSuite ($3.60M) lead the field. On DappsAtlas scores, SaucerSwap V2 ranks first at 7.2/10, ahead of SaucerSwap V1 (7.2) and Pangolin V2 (6.5). That makes SaucerSwap V2 both the biggest and the best-rated. The 6 rated DEXes average 6.3/10, and none scores 8 or above yet.

All 6 with a confirmed status are active. In the past week, total value locked fell 2.6%. HbarSuite gained the most (+10.0%), while SaucerSwap V1 dropped the most (−5.2%).

Largest by TVL

  1. 1SaucerSwap V2 logoSaucerSwap V2$13.7M
  2. 2SaucerSwap V1 logoSaucerSwap V1$7.31M
  3. 3HbarSuite logoHbarSuite$3.60M
  4. 4Pangolin V2 logoPangolin V2$1.72M

Highest rated

  1. 1SaucerSwap V2 logoSaucerSwap V27.2
  2. 2SaucerSwap V1 logoSaucerSwap V17.2
  3. 3Pangolin V2 logoPangolin V26.5
  4. 4Saucerswap logoSaucerswap5.8
  5. 5HbarSuite logoHbarSuite5.6

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 Hedera by TVL?

SaucerSwap V2 is the largest DEX on Hedera by total value locked, with $13.7M across all the chains it supports. It is followed by SaucerSwap V1 ($7.31M) and HbarSuite ($3.60M). TVL figures come from DefiLlama and change daily.

Which DEX on Hedera has the highest DappsAtlas score?

SaucerSwap V2 has the highest score at 7.2/10, ahead of SaucerSwap V1 (7.2) and Pangolin V2 (6.5). Scores weigh security, ease of use, fees and features, and are based only on facts we could verify.

How many DEXes on Hedera has DappsAtlas reviewed?

DappsAtlas tracks 6 DEXes on Hedera. Of these, 6 have a full review and 4 report value locked, $26.3M in total, counting value on every chain they support.

Which DEXes on Hedera grew the most this week?

Among DEXes with at least $1M locked, HbarSuite had the biggest 7-day TVL gain (+10.0%) and SaucerSwap V1 the biggest drop (−5.2%). Combined TVL moved −2.6% over the same seven days.

What is the average score for DEXes on Hedera?

The 6 rated DEXes on Hedera average 6.3 out of 10. Of these, 0 score 8 or higher and 0 score below 5.