DEXes · Review
ActiveOneDex Review 2026: A Small MultiversX DEX With a Launchpad
OneDex is a MultiversX-based decentralized exchange with swaps, pools, farms, staking and a launchpad. Its liquidity is small, so it suits MultiversX users more than large traders.
By the DappsAtlas editorial team · Updated
DappsAtlas score
6.2/10
Mixed
Our verdict on One Dex
6.2/10OneDex is a reasonable option for MultiversX users who want swaps, farms, staking and token launches in one app. Its main strength is the breadth of tools, including a rug checker for new tokens. The main caveat is size: TVL is around $142,000, so liquidity is thin, and the permissionless launchpad exposes users to risky tokens. Fees and audit details are not clear, so read the documentation and start small.
Score breakdown
How One Dex scores
- Security
- 5.5/10
- Ease of use
- 6.5/10
- Fees
- n/a
- Features
- 7.0/10
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 One Dex?
OneDex is a decentralized exchange on MultiversX. DefiLlama describes it as a protocol for trading and automated liquidity provision, tagged "Owned By No One". It has been listed since July 2023 and has a token with the ticker ONE.
The app offers swaps, liquidity pools, farms, staking, a launchpad, analytics, a bridge, a bubbles tool and a rug checker. It also promotes launching your own meme token in swap pools.
Total value locked is about $142,340, up 1.4% over seven days. That is small. DefiLlama lists two audits, though the project does not name them. Its homepage is minimal, so much of the detail comes from the app pages.
How One Dex works
OneDex is an automated market maker. Instead of an order book, traders swap against pools of two tokens that liquidity providers have deposited. Prices adjust with the pool balance after each trade.
Liquidity providers deposit tokens into pools and earn a share of trading activity. Farms may add extra token rewards for providing liquidity, and staking is offered as a separate section.
The launchpad is described as permissionless, so projects can launch tokens without gatekeeping. That makes it easy to list tokens but also means quality varies, which is why the app includes a rug checker.
7 features
Key features
01
Token swaps
Users swap tokens on MultiversX through a web app with token-pair selection.
02
Liquidity pools
Users can create and join liquidity pools and earn from trading activity as liquidity providers.
03
Farms
The app lists farms, where pool positions may earn additional rewards.
04
Staking
A staking section is listed in the app navigation.
05
Permissionless launchpad
A permissionless launchpad lets projects launch tokens, and the app promotes launching your own meme token in swap pools.
06
Rug checker and bubbles
The app includes a Rug checker and Bubbles tool, which help users inspect tokens before trading, though they do not remove risk.
07
Analytics and bridge
The navigation lists analytics and a bridge section alongside the trading tools.
Pros and cons
What we like
- Covers a full set of DEX tools on MultiversX, including swaps, pools, farms, staking and a launchpad.
- Includes a rug checker and bubbles tool to help inspect tokens.
- DefiLlama lists two audits.
- Listed since 2023, so it has a multi-year presence.
- Permissionless launchpad gives MultiversX projects an easy way to start trading.
Watch out for
- Total value locked is small at about $142,000, which usually means thin liquidity and higher slippage on larger trades.
- Runs only on MultiversX, so it is useless to users who hold assets on other chains.
- Its homepage is minimal and the app needs JavaScript, so documentation and fee details are hard to verify from public sources.
- Audit details are not described beyond a count of two listed audits.
- A permissionless launchpad and meme-token tools mean users will meet unvetted, high-risk tokens.
One Dex fees
The project does not publish swap fees, farm fees or launchpad fees. Users would see the fee and price impact in the swap interface before confirming a transaction, and should check the pool pages for details.
On MultiversX, users also pay network gas fees in EGLD. The project does not give figures for those either.
Is One Dex safe?
DefiLlama lists two audits, but the project does not give the auditors, dates or findings, so their value cannot be judged. Like any DEX, OneDex uses smart contracts, and bugs, exploits or token rug pulls are possible. Users keep custody through their own wallet, so wallet security matters.
The permissionless launchpad means many listed tokens may be unvetted. Tools such as the rug checker help but are not guarantees. No incidents are mentioned publicly. Small TVL also raises the risk of price manipulation on thin pools.
6 steps
How to get started with One Dex
- 1
Set up a MultiversX-compatible wallet and fund it with EGLD for gas.
- 2
Open the OneDex app from the official website and connect the wallet.
- 3
Choose the token pair in the swap tool and check price impact and fees before confirming.
- 4
Use the rug checker and analytics on unfamiliar tokens before trading them.
- 5
If adding liquidity, review the pool and farm details and start with a small amount.
- 6
Read the audit reports and project documentation before depositing significant funds.
Who One Dex is for
OneDex is for MultiversX users who want a native DEX with farming, staking and a place to launch or trade new tokens. It is less suitable for large traders who need deep liquidity, or for anyone who does not want exposure to early-stage tokens.
One Dex FAQs
What is OneDex?
OneDex is a decentralized exchange and automated liquidity protocol on the MultiversX blockchain. DefiLlama describes it as a protocol for trading and automated liquidity provision.
Which blockchain does OneDex use?
DefiLlama lists MultiversX as the only chain. Users need a MultiversX-compatible wallet to connect to the app.
Does OneDex have a token?
DefiLlama lists a token with the ticker ONE. The project does not describe its supply, utility details or distribution, so check the project's own documentation.
What can I do on OneDex?
Public reporting shows the app has swap, pools, farms, staking, a launchpad, analytics, a bridge, a bubbles tool and a rug checker.
Is OneDex audited?
DefiLlama lists two audits, but the project does not name the auditors or findings. Smart-contract risk remains, and users should read the audit reports before depositing.
How big is OneDex?
Public sources show a TVL of about $142,340 as of the data snapshot, which is small. Low liquidity can mean wider price impact on trades and higher impermanent loss risk for new tokens.
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How we checked
Sources
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