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Best of · Tezos · Updated

The best DEXes on Tezos in 2026

We track 9 DEXes that run on Tezos and have reviewed 8 of them in full. Our top pick is QuipuSwap V1. Each one is scored on security, ease of use, fees and features.

Ranked list

  1. 1
    QuipuSwap V1 logo

    QuipuSwap V1

    DEXes · Tezos

    QuipuSwap V1 is a Tezos-based decentralized exchange with liquidity pools, stable swaps and farming. It has two listed audits but only a small amount of value locked.

    Read the QuipuSwap V1 reviewVisit QuipuSwap V1(opens in a new tab)
    ScoreScore 6.2 out of 10
    TVL $339K−3.7%
  2. 2
    Sirius logo

    Sirius

    DEXes · Tezos

    Sirius (SIRS) is a Tezos token that gives you a share of the tez/tzBTC Liquidity Baking pool through a single purchase. It simplifies participation, but impermanent loss and unpublished fee details are the main caveats.

    Read the Sirius reviewVisit Sirius(opens in a new tab)
    ScoreScore 6.0 out of 10
    TVL $1.71M−4.5%
  3. 3
    QuipuSwap V3 logo

    QuipuSwap V3

    DEXes · Tezos

    QuipuSwap V3 is the concentrated-liquidity version of the Tezos DEX built by the MadFish team. Its pools are now small, at about $165,000 in TVL, so it suits Tezos users more than anyone chasing deep liquidity.

    Read the QuipuSwap V3 reviewVisit QuipuSwap V3(opens in a new tab)
    ScoreScore 6.0 out of 10
    TVL $195K−0.8%
  4. 4
    QuipuSwap Stableswap logo

    QuipuSwap Stableswap

    DEXes · Tezos

    QuipuSwap Stableswap is a Tezos exchange module for trading stablecoins and similarly priced tokens with low slippage. It has an audit on record, but its liquidity is thin.

    Read the QuipuSwap Stableswap reviewVisit QuipuSwap Stableswap(opens in a new tab)
    ScoreScore 5.8 out of 10
    TVL $35.8K−2.3%
  5. 5
    Plenty logo

    Plenty

    DEXes · Tezos

    Plenty is a Tezos decentralized exchange with stable and volatile liquidity pools, token swaps, and bridging from Ethereum and Polygon. Fee and audit details are not stated, so check the costs and contract information before using it.

    Read the Plenty review
    ScoreScore 5.5 out of 10
    TVL $29.3K−3.2%
  6. 6
    QuipuSwap V2 logo

    QuipuSwap V2

    DEXes · Tezos

    QuipuSwap V2 is a Tezos decentralized exchange built on liquidity pools, with on-chain governance tied to baking rewards. Its liquidity is small and one search result carries a deprecation notice, so check which version you are using.

    Read the QuipuSwap V2 reviewVisit QuipuSwap V2(opens in a new tab)
    ScoreScore 5.4 out of 10
    TVL $51.7K−0.8%
  7. 7
    SpicySwap logo

    SpicySwap

    DEXes · Tezos

    SpicySwap is a Tezos-based DEX for token-to-token swaps, liquidity provision and farming, governed by SalsaDAO. Its liquidity is very small and no audits are listed, so it suits only cautious, small-scale users.

    Read the SpicySwap reviewVisit SpicySwap(opens in a new tab)
    ScoreScore 4.8 out of 10
    TVL $39.4K−2.8%
  8. 8
    ctez logo

    ctez

    DEXes · Tezos

    ctez is a Tezos AMM for swapping tez and cTez, a tez-backed token designed for use in DeFi. Its role is clear, but access details, fees and security documentation are limited.

    Read the ctez review
    ScoreScore 4.5 out of 10
    TVL $55.6K−1.4%
  9. 9
    AliensFarm logo

    AliensFarm

    DEXes · Tezos

    AliensFarm is described as an open-source Tezos DEX for creating pools and farming rewards, but the website currently presents a different product. Its present operation and connection to that site are unclear.

    Read the AliensFarm reviewVisit AliensFarm(opens in a new tab)
    ScoreNot rated yet
    TVL $1.79K+1.3%

DEXes on Tezos: the numbers

Tracked
9
Reviewed
9
Total TVL
$2.46M
Avg. score
5.5/10

The DappsAtlas index lists 9 DEXes on Tezos. Every one of them has a full review. Together they hold $2.46M in total value locked, counting value on every chain they support. Sirius dominates, with 70% of that total. The top five account for 96%, while the median DEX holds $51.7K.

By value locked, the largest DEXes on Tezos are Sirius ($1.71M), QuipuSwap V1 ($339K) and QuipuSwap V3 ($195K). The best-rated is QuipuSwap V1 with 6.2/10, followed by Sirius (6.0) and QuipuSwap V3 (6.0). The 8 rated DEXes average 5.5/10, and none scores 8 or above yet.

All 6 with a confirmed status are active. In the past week, total value locked fell 3.9%.

Largest by TVL

  1. 1Sirius logoSirius$1.71M
  2. 2QuipuSwap V1 logoQuipuSwap V1$339K
  3. 3QuipuSwap V3 logoQuipuSwap V3$195K
  4. 4ctez logoctez$55.6K
  5. 5QuipuSwap V2 logoQuipuSwap V2$51.7K

Highest rated

  1. 1QuipuSwap V1 logoQuipuSwap V16.2
  2. 2Sirius logoSirius6.0
  3. 3QuipuSwap V3 logoQuipuSwap V36.0
  4. 4QuipuSwap Stableswap logoQuipuSwap Stableswap5.8
  5. 5Plenty logoPlenty5.5

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.

Guides

Related guides

All guides

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    DeFi on Tezos: A Closer Look at the Ecosystem in 2026

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Frequently asked questions

What is the largest DEX on Tezos by TVL?

Sirius is the largest DEX on Tezos by total value locked, with $1.71M across all the chains it supports. It is followed by QuipuSwap V1 ($339K) and QuipuSwap V3 ($195K). TVL figures come from DefiLlama and change daily.

Which DEX on Tezos has the highest DappsAtlas score?

QuipuSwap V1 has the highest score at 6.2/10, ahead of Sirius (6.0) and QuipuSwap V3 (6.0). Scores weigh security, ease of use, fees and features, and are based only on facts we could verify.

How many DEXes on Tezos has DappsAtlas reviewed?

DappsAtlas tracks 9 DEXes on Tezos. Of these, 9 have a full review and 9 report value locked, $2.46M in total, counting value on every chain they support.

Which DEXes on Tezos grew the most this week?

Among DEXes with at least $1M locked, . Combined TVL moved −3.9% over the same seven days.

What is the average score for DEXes on Tezos?

The 8 rated DEXes on Tezos average 5.5 out of 10. Of these, 0 score 8 or higher and 2 score below 5.