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Invariant Review 2026: Concentrated Liquidity DEX on Solana

Invariant is a concentrated-liquidity AMM DEX on Solana and Eclipse, listed since 2022. Its on-chain liquidity is now very small, which limits its usefulness for traders.

By the DappsAtlas editorial team · Updated Nov 4, 2026

DappsAtlas score

5.2/10

Mixed

Visit Invariant

Our verdict on Invariant

5.2/10

Invariant is a concentrated-liquidity AMM on Solana and Eclipse that suits experienced liquidity providers who understand price ranges and impermanent loss. Its design targets capital efficiency and it lists two audits. The main caveat is size: TVL of about $16,295 and a recent 25.5% weekly drop mean thin liquidity and uncertain momentum. Traders needing depth will likely find better venues, and anyone using it should start small and verify details on the official site.

Score breakdown

How Invariant scores

Security: 5.5/10
Ease of use: 6.0/10
Fees: n/a
Features: 5.5/10

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 Invariant?

Invariant is an automated market maker (AMM) decentralized exchange with concentrated liquidity. DefiLlama lists it on Solana and Eclipse and describes it as prioritizing capital efficiency, permissionless access and composability. It has been tracked since May 2022.

The current numbers are modest. DefiLlama shows total value locked of about $16,295, down 25.5% over the past seven days. That is small for a DEX and limits how much can be traded without moving the price.

DefiLlama lists an INVT token and two audits. Its homepage provided is sparse, so details such as fee tiers, token utility and governance are not confirmed here.

How Invariant works

Invariant is an automated market maker. Instead of an order book, traders swap against pools of tokens that liquidity providers deposit, and prices adjust by a formula as the pool balance changes.

The protocol uses concentrated liquidity. A provider chooses a price range and their funds only act as liquidity while the market price is inside it. That can earn more fees per dollar than a full-range pool, but it requires attention. If the price moves outside the range, the position earns nothing until it is adjusted.

Invariant runs on Solana and Eclipse, so swaps are signed from a compatible wallet and settled on-chain.

6 features

Key features

Concentrated liquidity AMM

Liquidity providers pick price ranges for their capital instead of spreading it across all prices, which aims to improve capital efficiency.

Solana and Eclipse

DefiLlama lists the protocol on Solana and on Eclipse, an SVM-based chain.

Permissionless and composable

The project describes itself as permissionless and composable, meaning others can build on or integrate its contracts.

Risk management tools

The homepage metadata mentions advanced risk management tools for liquidity providers, though specifics are not public.

INVT token

DefiLlama shows an INVT token associated with the protocol.

Listed audits

Two audits are listed on DefiLlama, though details are not provided publicly.

Pros and cons

What we like

Concentrated liquidity design aimed at capital efficiency
Runs on Solana and Eclipse, both fast and low-cost chains
Permissionless and composable by design, according to its description
Two audits are listed on DefiLlama
Tracked since 2022, so it has some history

Watch out for

TVL is only about $16,295, so liquidity is very thin and trades of any size may see heavy slippage
TVL fell 25.5% over the last seven days, a sign of weak or shrinking activity
Concentrated liquidity needs active range management and can lead to impermanent loss
Its homepage available is minimal, so product details, fees and roadmap are hard to verify
Audit details are not described publicly, only that two audits are listed
Eclipse and Solana smart-contract risk applies to funds deposited

Invariant fees

Fee tiers, protocol fees and any INVT-related fee mechanics are not published. Users would see the fee tier for each pool in the swap or liquidity interface on the official app before confirming.

Beyond pool fees, expect normal network costs on Solana or Eclipse and slippage, which matters more when liquidity is as thin as the current TVL suggests.

Is Invariant safe?

DefiLlama lists two audits, but the auditors and findings are not given publicly. Like any DEX, the main risks are smart-contract bugs, oracle or pricing issues and chain-level problems on Solana or Eclipse. Funds in liquidity positions are held by contracts, so you rely on the code rather than a custodian.

Very low TVL adds practical risk: thin pools can be easily moved by a single trade, and a falling TVL may signal reduced maintenance or interest. No incidents are mentioned publicly, and regulatory status is not stated. Only use funds you can afford to lose.

6 steps

How to get started with Invariant

1
Open the official Invariant site and check the URL carefully to avoid copycat sites.
2
Set up a Solana-compatible wallet and fund it with SOL for transaction fees.
3
Review the pools available, their fee tiers and the depth of liquidity before trading.
4
For swaps, check the expected slippage and price impact on the confirmation screen.
5
For providing liquidity, choose a price range you understand and start with a small amount.
6
Read the audit reports and any documentation before committing larger funds.

Open Invariant

Who Invariant is for

Invariant is for DeFi users on Solana or Eclipse who already understand concentrated liquidity and are comfortable with small, early-stage pools. It is less suited to beginners or to traders who need deep liquidity and tight pricing.

Invariant FAQs

What is Invariant?

Invariant is an automated market maker (AMM) decentralized exchange with concentrated liquidity. It runs on Solana and Eclipse, according to DefiLlama, and focuses on capital efficiency.

Which blockchains does Invariant support?

DefiLlama lists Invariant on Solana and Eclipse. Other chains are not mentioned publicly.

Does Invariant have a token?

DefiLlama lists a token with the ticker INVT. The project does not describe its supply, utility or distribution, so check the official site before relying on it.

Is Invariant audited?

DefiLlama shows two audits listed for Invariant, but the project does not name the auditors or findings. An audit lowers risk but does not remove it, so review the reports yourself and size positions carefully.

What is concentrated liquidity?

Concentrated liquidity lets providers allocate funds to a chosen price range, which can earn more fees per dollar when the price stays in range. If the price leaves the range, the position stops earning fees and can suffer impermanent loss.

How much liquidity does Invariant have?

Public sources show about $16,295 in TVL and a 25.5% drop over seven days. That suggests low liquidity, so check pool depth and slippage before trading and consider whether the pool is worth the risk.

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