Best of · XRP Ledger · Updated Nov 6, 2026

The best DEXes on XRP Ledger in 2026

We track 10 DEXes that run on XRP Ledger and have reviewed 9 of them in full. Our top pick is THORChain DEX. Each one is scored on security, ease of use, fees and features.

1
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.
Read the THORChain DEX review Visit THORChain DEX(opens in a new tab)
ScoreScore 7.7 out of 10
TVL $62.1M−6.0%
2
XRPL DEX
DEXes · XRP Ledger
XRPL DEX is the built-in order book and AMM pool system of the XRP Ledger, with about $35 million in TVL. It is a protocol-level venue rather than a standalone app, and the project does not describe a single trading interface.
Read the XRPL DEX review Visit XRPL DEX(opens in a new tab)
ScoreScore 6.5 out of 10
TVL $31.8M−6.1%
3
Magnetic
DEXes · XRP Ledger
Magnetic is a web interface for trading and tracking tokens, AMM pools and NFTs on the XRP Ledger. It is useful for XRPL traders, but fees and audits are not published.
Read the Magnetic review Visit Magnetic(opens in a new tab)
ScoreScore 6.5 out of 10
TVL —
4
Solo
DEXes · XRP Ledger
Sologenic offers an interface to XRP Ledger trading, liquidity pools, token swaps, NFT trading and other services. Its site now describes the ecosystem as part of TX and promotes a SOLO-to-TX conversion, so users should check the migration details before relying on the older services.
Read the Solo review Visit Solo(opens in a new tab)
ScoreScore 6.0 out of 10
TVL —
5
First Ledger
DEXes · XRP Ledger
First Ledger is a decentralized exchange built on the XRP Ledger for trading XRPL tokens. It has real usage, but charges a 1% trading fee and does not publish audits or team details.
Read the First Ledger review Visit First Ledger(opens in a new tab)
ScoreScore 5.8 out of 10
TVL —
6
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 review Visit HbarSuite(opens in a new tab)
ScoreScore 5.6 out of 10
TVL $3.60M+10.0%
7
Xrpl to
DEXes · XRP Ledger
XRPL.to is a token market interface for the XRP Ledger, with market information and access to swaps on the network’s DEX. Its basic use is clear, but details about fees and security are not.
Read the Xrpl to review Visit Xrpl to(opens in a new tab)
ScoreScore 5.5 out of 10
TVL —
8
Orchestra Finance
DEXes · XRP Ledger
Orchestra Finance is described as an interface for swaps and liquidity provision on the XRP Ledger’s AMM. Its basic purpose is clear, but current access, fees and security details remain uncertain.
Read the Orchestra Finance review
ScoreScore 4.0 out of 10
TVL —
9
Dexrp
DEXes · XRP Ledger, Ethereum
Dexrp is a decentralised exchange built on the XRP Ledger that pairs an AMM with an order book and is tied to the DXP token, sold via presale. Details on audits, fees and team are not published, so treat it as high risk.
Read the Dexrp review
ScoreScore 3.8 out of 10
TVL —
10
Hammy Finance
DEXes · XRP Ledger
Hammy Finance appears to be a decentralized exchange associated with Hammy Swap on the XRPL EVM. Its current operation, swap mechanics, fees, and security details are unclear.
Read the Hammy Finance review Visit Hammy Finance(opens in a new tab)
ScoreNot rated yet
TVL —

DEXes on XRP Ledger: the numbers

Tracked: 10
Reviewed: 10
Total TVL: $97.6M
Avg. score: 5.7/10

DappsAtlas tracks 10 DEXes on XRP Ledger. Every one of them has a full review. Across the 3 with TVL data, the combined value locked is $97.6M, counting value on every chain they support. THORChain DEX dominates, with 64% of that total.

Ranked by TVL, THORChain DEX ($62.1M), XRPL DEX ($31.8M) and HbarSuite ($3.60M) lead the field. The best-rated is THORChain DEX with 7.7/10, followed by XRPL DEX (6.5) and Magnetic (6.5). That makes THORChain DEX both the biggest and the best-rated. The 9 rated DEXes average 5.7/10, and none scores 8 or above yet.

Many also deploy elsewhere, most often on Ethereum (2), Solana (2) and THORChain (1). All 6 with a confirmed status are active. In the past week, total value locked fell 5.5%. HbarSuite gained the most (+10.0%), while XRPL DEX dropped the most (−6.1%).

Largest by TVL

1THORChain DEX$62.1M
2XRPL DEX$31.8M
3HbarSuite$3.60M

Highest rated

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 XRP Ledger by TVL?

THORChain DEX is the largest DEX on XRP Ledger by total value locked, with $62.1M across all the chains it supports. It is followed by XRPL DEX ($31.8M) and HbarSuite ($3.60M). TVL figures come from DefiLlama and change daily.

Which DEX on XRP Ledger has the highest DappsAtlas score?

THORChain DEX has the highest score at 7.7/10, ahead of XRPL DEX (6.5) and Magnetic (6.5). Scores weigh security, ease of use, fees and features, and are based only on facts we could verify.

How many DEXes on XRP Ledger has DappsAtlas reviewed?

DappsAtlas tracks 10 DEXes on XRP Ledger. Of these, 10 have a full review and 3 report value locked, $97.6M in total, counting value on every chain they support.

Which DEXes on XRP Ledger grew the most this week?

Among DEXes with at least $1M locked, HbarSuite had the biggest 7-day TVL gain (+10.0%) and XRPL DEX the biggest drop (−6.1%). Combined TVL moved −5.5% over the same seven days.

What is the average score for DEXes on XRP Ledger?

The 9 rated DEXes on XRP Ledger average 5.7 out of 10. Of these, 0 score 8 or higher and 2 score below 5.

Ranked list