Best of · Monad · Updated
The best DEXes on Monad in 2026
We track 25 DEXes that run on Monad and have reviewed 24 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 $1.14B−2.9% - 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 $1.51B−3.7% - 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 $864M−4.1% - 4
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 $694M−2.5% - 5
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 $1.04M+0.9% - 6
Kuru CLOB
DEXes · Monad
Kuru CLOB is a fully on-chain order book exchange and aggregator on Monad. It targets traders who want limit orders on an EVM chain, but its liquidity is still small.
ScoreScore 7.0 out of 10TVL $725K+33.3% - 7
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−6.0% - 8
Joe V2.2
DEXes · Avalanche, Arbitrum, Monad
Joe V2.2 is the LFJ Liquidity Book V2.2 DEX, which lets liquidity providers choose their price ranges and earn onchain incentives. It runs on Avalanche, Arbitrum and Monad with modest TVL.
ScoreScore 6.8 out of 10TVL $2.25M−1.5% - 9
Mento V3
DEXes · Monad, Celo
Mento V3 is an onchain FX protocol on Celo and Monad that issues local-currency stablecoins and swaps them through a specialised DEX. It is a young, niche product with small TVL and unpublished fee details.
ScoreScore 6.5 out of 10TVL $4.34M+3.0% - 10
Hanji Protocol
DEXes · Etherlink, Base, Monad
Hanji is an on-chain central limit order book exchange on Etherlink, Base and Monad, with 0% maker fees and LP vaults. It looks technically focused but small, and its audit details are not published.
ScoreScore 6.5 out of 10TVL $1.05M+9.3% - 11
Joe DEX
DEXes · Avalanche, Arbitrum, Monad +1
Joe DEX, branded LFJ, is a multichain decentralized exchange and swap aggregator with liquidity pools and a JOE token. It offers several ways to trade, but fee details and audit scope are not clear.
ScoreScore 6.2 out of 10TVL $9.43M−1.7% - 12
iZiSwap
DEXes · zkSync Era, Scroll, Zetachain +27
iZiSwap is the DEX arm of iZUMi Finance, using a discretized-liquidity AMM to improve capital efficiency across dozens of chains. Its footprint is wide but its TVL is small, at about $1.6 million.
ScoreScore 6.2 out of 10TVL $1.50M−3.2% - 13
Monday Trade Spot
DEXes · Monad
Monday Trade Spot is a decentralised exchange on Monad for spot, perpetual futures and tokenised real-world asset trading. It is a young, small-liquidity venue, so size and risk tolerance matter.
ScoreScore 6.0 out of 10TVL $95.0K−1.9% - 14
Lunarbase
DEXes · BNB Chain, Base, Monad
LunarBase is a proactive market maker, or prop AMM, on Base and BNB Chain. Swaps settle onchain, while the pool's prices come from an offchain model tracking the real market. It is mostly reached through aggregators, and its pool depth is still small.
ScoreScore 5.9 out of 10TVL $117K+4.0% - 15
Capricorn
DEXes · Monad
Capricorn is a DEX on Monad that pitches concentrated liquidity and oracle-driven pricing for tight execution. It is young and small, with no listed audits, so treat it as early-stage.
ScoreScore 5.5 out of 10TVL $366K−13.5% - 16
Pangolin V3
DEXes · Avalanche, Monad
Pangolin V3 is the concentrated-liquidity version of the Pangolin DEX, running on Avalanche and Monad. Its liquidity is small and no audits are listed, so treat it as a niche venue.
ScoreScore 5.5 out of 10TVL $133K−10.4% - 17
Atlantis DEX
DEXes · Monad
Atlantis DEX is a Monad-native exchange built on a modular V4 concentrated-liquidity design, with farms, staking and a launchpad. It is new and small, so liquidity and track record are the main caveats.
ScoreScore 5.5 out of 10TVL $90.5K−3.4% - 18
Swaap Maker V2
DEXes · Polygon, Arbitrum, Ethereum +8
Swaap Maker V2 is an automated market maker that uses algorithmic pricing to try to earn yield for liquidity providers across 11 chains. Current liquidity is very small and fell sharply in the past week.
ScoreScore 5.5 out of 10TVL $43.2K−90.2% - 19
Skate AMM
DEXes · BNB Chain, Robinhood Chain, Solana +12
Skate AMM is the flagship product of Skate, built to keep one shared liquidity pool and pricing curve across many chains and virtual machines. Its design is ambitious, but TVL is small and no audits are listed.
ScoreScore 5.5 out of 10TVL $27.9K−1.5% - 20
Clober Liquidity Vault
DEXes · Monad, Base
Clober Liquidity Vault belongs to Clober, a fully on-chain order book DEX on Base and Monad. Its TVL is small and a 2024 vault exploit was reported, so treat it as a higher-risk venue.
ScoreScore 5.2 out of 10TVL $29.3K−7.7% - 21
Nabla Finance
DEXes · Arbitrum, Base, Berachain +2
Nabla Finance is a small yield protocol whose returns come from its own automated market maker, deployed on several chains. Liquidity is thin and key details such as fees are not published, so it suits experienced users only.
ScoreScore 5.0 out of 10TVL $38.5K−8.8% - 22
zkSwap V3
DEXes · zkSync Era, Sonic, Monad
zkSwap V3 is an automated market maker that started on zkSync Era and is listed on Sonic and Monad, with rewards for both traders and liquidity providers. Its on-chain liquidity is very small and no audits are listed, so it suits only experimental, small-size use.
ScoreScore 4.0 out of 10TVL $28.9K−32.4% - 23
Balancer V3
DEXes · Ethereum, Monad, Arbitrum +6
Balancer V3 is the third version of the Balancer automated market maker, built around a shared vault and customizable pools. It spans nine chains, though its tracked TVL is about $12.3 million and fell sharply over the past week.
ScoreNot rated yetTVL $11.4M−19.6% - 24
Zaros
DEXes · Arbitrum, Monad
Zaros is a decentralized exchange for perpetual futures, built on Arbitrum and Monad, that links trading to vaults funded by liquid restaking tokens. Public information is thin and mostly comes from third-party write-ups, so the main takeaway is to check the live status and risks before using it.
ScoreNot rated yetTVL — - 25
Madness Finance
DEXes · Monad
Madness Finance describes itself as a native decentralized exchange on Monad. Its basic role is clear, but details about markets, fees, security, and how to use it are not established.
ScoreNot rated yetTVL —
DEXes on Monad: the numbers
- Tracked
- 25
- Reviewed
- 25
- Total TVL
- $4.25B
- Avg. score
- 6.3/10
The DappsAtlas index lists 25 DEXes on Monad. Every one of them has a full review. The 23 that report TVL hold $4.25B between them, counting value on every chain they support. Uniswap V3 is the clear leader, holding 36% of it. The five largest make up 99% of the total; the median is $1.04M.
Ranked by TVL, Uniswap V3 ($1.51B), Uniswap V4 ($1.14B) and Uniswap V2 ($864M) 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 22 rated DEXes, the average score is 6.3/10 and 3 score 8 or higher.
Many also deploy elsewhere, most often on Base (14), Arbitrum (14) and BNB Chain (11). All 23 with a confirmed status are active. Over the last seven days, combined TVL fell 3.4%. Hanji Protocol gained the most (+9.3%), while Balancer V3 dropped the most (−19.6%).
Largest by TVL
- 1
Uniswap V3$1.51B
- 2
Uniswap V4$1.14B
- 3
Uniswap V2$864M
- 4
PancakeSwap AMM V3$694M
- 5
Balancer V3$11.4M
Highest rated
- 1
- 2
- 3
- 4
- 5
Wombat Exchange7.0
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.
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Frequently asked questions
What is the largest DEX on Monad by TVL?
Uniswap V3 is the largest DEX on Monad by total value locked, with $1.51B across all the chains it supports. It is followed by Uniswap V4 ($1.14B) and Uniswap V2 ($864M). TVL figures come from DefiLlama and change daily.
Which DEX on Monad 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 Monad has DappsAtlas reviewed?
DappsAtlas tracks 25 DEXes on Monad. Of these, 25 have a full review and 23 report value locked, $4.25B in total, counting value on every chain they support.
Which DEXes on Monad grew the most this week?
Among DEXes with at least $1M locked, Hanji Protocol had the biggest 7-day TVL gain (+9.3%) and Balancer V3 the biggest drop (−19.6%). Combined TVL moved −3.4% over the same seven days.
What is the average score for DEXes on Monad?
The 22 rated DEXes on Monad average 6.3 out of 10. Of these, 3 score 8 or higher and 1 score below 5.