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BEX Review 2026: Berachain's Native DEX and Its Risks

BEX is the native decentralized exchange on Berachain, reached through the BeraHub app. It is tied closely to Berachain's Proof of Liquidity system, but its TVL is small and no audits are listed.

Berachain

By the DappsAtlas editorial team · Updated Nov 4, 2026

DappsAtlas score

5.8/10

Mixed

Visit BEX

Our verdict on BEX

5.8/10

BEX suits users already active on Berachain who want to swap and take part in Proof of Liquidity rewards from one app. Its main strength is the close tie to the network's reward and staking system through BeraHub. The main caveat is the small TVL of about $731,000, no listed audits and unpublished fee details. Treat advertised yields as estimates and keep exposure modest.

Score breakdown

How BEX scores

Security: 4.5/10
Ease of use: 6.5/10
Fees: n/a
Features: 6.0/10

Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.

What is BEX?

BEX is a decentralized exchange on Berachain. DefiLlama lists it under DEXs, with a description of "Decentralized exchange on Berachain", and it has been tracked since February 2025. It is accessed through BeraHub, the network's hub for Proof of Liquidity.

BeraHub brings together swapping, pools, staking BERA, reward vaults, lending links and validator information. Its footer links to related ecosystem projects, including the BUSD stablecoin, the Bend lending market, a token bridge and the Berascan explorer.

The measurable footprint is modest. DefiLlama shows about $731,000 in TVL, a 2.6% drop over seven days, no listed audits and no BEX token. Anyone considering it should weigh the small liquidity and the lack of audit data against the link to Berachain's native incentive system.

How BEX works

BEX is a decentralized exchange, so trades happen between a user's wallet and smart contracts rather than through a company holding funds. Liquidity providers deposit tokens into pools, and swappers trade against those pools at prices set by the pool's pricing rules. The specific pool design is not described publicly.

BEX sits inside Berachain's Proof of Liquidity model. Berachain describes this as a consensus mechanism meant to align validators with the projects building on the network. On BeraHub, users can stake BERA, earn in reward vaults and take part in governance.

The homepage shows ways to earn BERA rewards through pools and vaults. Those rates depend on network conditions and are labeled by the site as retrospective and not guaranteed.

6 features

Key features

Token swaps

BeraHub has a swap section for exchanging tokens on Berachain through a decentralized exchange.

Liquidity pools

The homepage links to pools, where users can supply liquidity. Pool details are not described publicly.

Proof of Liquidity rewards

The homepage advertises earning BERA rewards through Proof of Liquidity, with a headline of up to 225.96% APR at the time of capture.

Staking and lending links

BeraHub also lists staking BERA, a lend option and a validators page, giving one hub for several network actions.

Governance access

The app links to governance, so BERA stakers can take part in network decisions.

Ecosystem links

The footer links to the token bridge, BUSD stablecoin minting and redemption, Bend lending and the Berascan explorer.

Pros and cons

What we like

Native DEX on Berachain, reached through the main BeraHub app.
Linked to Proof of Liquidity reward vaults, which may offer extra BERA incentives.
One hub covers swaps, pools, staking, governance and validators.
Non-custodial design: users trade from their own wallet.
Ecosystem links to a bridge, lending and a stablecoin make onboarding simpler.

Watch out for

TVL is small at about $731,000 per DefiLlama, so liquidity may be thin for larger trades.
No audits are listed on DefiLlama for BEX.
It runs only on Berachain, so users need to bridge assets first.
The homepage headline yields are variable, third-party figures and the site itself says they may be inaccurate.
Swap fees, pool fee tiers and routing details are not published publicly reviewed.
TVL fell 2.6% over seven days, and BEX has no token of its own listed.

BEX fees

The project does not publish BEX swap fees or pool fee tiers. These should appear in the swap and pool screens of BeraHub before you confirm a trade or deposit.

Gas fees on Berachain apply to every transaction. The advertised yields on the homepage are not fees. They are variable, third-party estimates that the site says may not reflect actual earnings.

Is BEX safe?

DefiLlama lists no audits for BEX, and the project does not mention security reviews, bug bounties or incident history. Smart contract risk therefore cannot be assessed from this data. Check the Berachain documentation for audit reports before depositing.

As a non-custodial DEX, BEX does not hold funds for you, but you carry wallet security, bridge risk and impermanent loss if you provide liquidity. The homepage disclaims that yield figures may be inaccurate and should not be relied on. Regulatory status is not described publicly.

6 steps

How to get started with BEX

1
Confirm that using DeFi is legal where you live and that you understand the risks.
2
Set up an EVM-compatible wallet and add the Berachain network.
3
Bridge tokens to Berachain using the token bridge linked from BeraHub, and keep some BERA for gas.
4
Open the Swap section of BeraHub, choose your tokens and review the quoted price and fees.
5
To provide liquidity, open Pools and read the pool details before depositing.
6
Start with a small amount and monitor positions, as yields and prices change.

Open BEX

Who BEX is for

BEX is for people who already use or plan to use Berachain and want a native place to swap tokens and provide liquidity. It is less suited to users who need deep liquidity for large trades, or who want audit-backed protocols only.

BEX FAQs

What is BEX?

BEX is a decentralized exchange on Berachain. DefiLlama describes it that way and lists it under DEXs. Users reach swap and pool features through the BeraHub app.

Which blockchain does BEX run on?

DefiLlama lists BEX only on Berachain. To trade, you need a Berachain-compatible wallet and assets on that network. The BeraHub site links to a token bridge for moving tokens in.

Does BEX have its own token?

No. DefiLlama shows token=none for BEX. BERA is the network's gas and staking asset, but the project does not name a BEX-specific token.

What are the fees on BEX?

The project does not give swap fees or pool fee tiers. They should be shown in the swap and pools sections of BeraHub before you confirm a transaction. Network gas fees also apply.

Is BEX audited?

DefiLlama lists zero audits for BEX, and the project does not say whether any exist elsewhere. Smart contract risk applies to any DEX, so check the Berachain docs and keep position sizes small.

Can I earn rewards by providing liquidity?

The homepage says users can earn BERA rewards through Proof of Liquidity, with a headline rate of up to 225.96% APR. The site notes these rates are retrospective, third party and not guaranteed. Treat them as estimates only.

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