DEX List 2026: 9 Decentralized Exchanges Grouped by Type
Last Updated: September 15, 2026
This DEX list groups nine decentralized exchanges by how they execute trades, as of September 15, 2026. Uniswap leads AMMs with $3.62 billion in TVL, Curve leads stableswap pools, Manifest runs a fee-free order book on Solana, Hyperliquid tops perpetual DEXs with $14.18 billion in open interest, and CoW Swap and THORChain cover intent-based and cross-chain swaps.
Two exchanges can both be called a DEX and still work in completely different ways. One prices trades from a pool formula, another matches limit orders, a third lets professional solvers compete for your order, and a fourth moves native coins between blockchains. Those differences decide who takes the other side of your trade, what you pay and what can go wrong, so this list sorts venues by type first. Every row includes a size figure with its source and at least two documented drawbacks. Before connecting to any of them, it helps to understand the difference between custodial and non-custodial wallets. If you want the same market organized by blockchain, see the list of decentralized exchanges ranked by each network's leader.
DEX List Grouped by Exchange Type
The first row, EVEDEX, is a hybrid order book for perpetual futures; for the mechanics of its matching and settlement, read how the EVEDEX perp DEX works.
| DEX and type | Networks | Size | Fees | Drawbacks |
|---|---|---|---|---|
| EVEDEX, hybrid order book for perpetual futures | Off-chain matching with on-chain settlement on Arbitrum L2 | $678.6M open interest and $647.6M 24-hour volume across 52 perpetual pairs | 0.015% maker and 0.045% taker; funding calculated every 8 hours and charged hourly | No spot swaps or liquidity pools, only 52 pairs |
| Uniswap, constant-product and concentrated-liquidity AMM | Ethereum, Base, Arbitrum, BNB Chain, Polygon and other networks | $3.62B TVL and $74.4B 30-day volume, the largest DEX by both measures | 0.30% on v2 pools; v3 tiers of 0.01%, 0.05%, 0.30% and 1%; v4 pools set their own fee | Ethereum gas makes small swaps costly, and anyone can create a pool for a fake token |
| Curve, stableswap AMM for pegged assets | Ethereum mainly, plus Arbitrum, Base, Polygon and several smaller networks | $1.28B TVL, of which $1.22B sits on Ethereum; $3.55B 30-day volume | Set per pool; the 3pool stablecoin pool charges 0.015% per swap, as set in its contract | Built for pegged pairs, so volatile tokens trade thinner, and 95% of liquidity is on one network |
| Orca, concentrated-liquidity AMM | Solana | $257.3M TVL and $7.45B 30-day volume | Whirlpool tiers from 0.01% for pegged pairs to 2% for exotic pairs; 87% of fees go to LPs | Solana only, and liquidity outside LP ranges is thin, so depth can drop fast after a price move |
| Manifest, on-chain central limit order book | Solana | $19.4M TVL resting as orders and $4.14B 30-day volume | No trading fees; traders pay only Solana network fees | Depth depends on makers who can cancel instantly, and limit orders may never fill |
| Hyperliquid, order book for perpetual futures and spot | Hyperliquid L1, its own blockchain | $14.18B open interest and $9.54B 24-hour volume across 404 perpetual pairs | 0.015% maker and 0.045% taker on perps at the base tier; 0.04% and 0.07% on spot | Funds must be bridged to its own chain, and its validators voted to delist the JELLY market in March 2025 |
| GMX, oracle-priced perpetuals against a liquidity pool | Arbitrum and Avalanche | $203.3M TVL in GMX V2; $31.8M open interest on Arbitrum | 0.04% or 0.06% to open or close, plus price impact and an hourly borrow fee | Borrow fees add up on long holds, and price impact grows with position size |
| CoW Swap, intent-based batch auctions | Ethereum, Gnosis, Arbitrum, Base, Polygon and other networks | $3.34B routed over 30 days | 2 bps volume fee, 0.3 bps on correlated assets, plus 50% of quote improvement capped at 0.98% | Orders wait for a batch instead of filling instantly, and it holds no liquidity of its own |
| THORChain, cross-chain swaps of native coins | Bitcoin, Ethereum, BNB Chain, Bitcoin Cash and its own network | $55.9M TVL and $1.04B 30-day volume | Slip-based liquidity fee plus an outbound fee equal to destination gas times a 1x to 3x multiplier | Small pools make large swaps expensive, and every swap passes through two RUNE pools |
Data as of September 15, 2026. TVL and 30-day volume: DefiLlama DEX and aggregator dashboards. Open interest and 24-hour volume of perpetual venues: CoinGecko. Fees: EVEDEX, Uniswap, Curve 3pool contract, Orca, Manifest, Hyperliquid, GMX, CoW Protocol and THORChain documentation.
Ethereum, Solana and Polygon DEX Lists
Type tells you how a DEX works; the network tells you whether you can reach it without a bridge. Here is who leads on three networks traders ask about most, by DefiLlama volume for the 30 days to September 15, 2026.
Ethereum DEX list. Uniswap handled $23.1 billion of Ethereum's $40.3 billion DEX volume. Curve followed with $3.35 billion, Fluid DEX with $2.84 billion, FermiSwap, which DefiLlama classifies as a prop AMM, with $2.22 billion, and 1inch Aqua with $1.67 billion. Mainnet gas is the main extra cost, which is why small swaps often move to layer 2 networks.
Solana DEX list. Activity is spread wider. PumpSwap led with $19.2 billion of Solana's $75.8 billion, then BisonFi with $8.8 billion, Orca with $7.45 billion, Raydium with $6.61 billion, Meteora DLMM with $5.95 billion and Manifest with $4.14 billion. Raydium still holds the most liquidity, $1.13 billion.
Polygon DEX list. Uniswap's v3 and v4 pools handled $1.86 billion, ahead of Ramses CL V2 at $575 million, Metric V2 at $493 million and QuickSwap at $434 million. On the aggregator side, 0x routed $1.47 billion of Polygon's $2.06 billion aggregator volume, far ahead of OKX Swap, KyberSwap and 1inch.
How Each DEX Type Sets the Price
Knowing the type helps you predict where the costs come from.
- Constant-product and concentrated AMMs Uniswap and Orca price trades from pool balances. Your cost is the pool fee plus price impact, which grows with order size and shrinks with liquidity near the current price.
- Stableswap AMMs Curve uses a curve that stays flat around the peg, so swaps between assets meant to trade at the same value move the price very little. The advantage fades quickly for tokens that are not pegged to each other.
- Order books Manifest, Hyperliquid and EVEDEX match limit orders. You pay maker or taker fees rather than a pool fee, and you can set the exact price, but fills depend on who else is quoting.
- Oracle-priced pools GMX takes the price from external feeds and fills your position against a shared pool. That avoids an order book, yet adds price impact and borrow fees that scale with open positions.
- Intent-based auctions CoW Swap collects signed orders and lets solvers compete to settle them in batches. Orders in the same batch clear at a uniform price, which the protocol says protects them from reordering by MEV bots.
- Cross-chain pools THORChain pairs every coin with RUNE and moves native assets out of vaults on each chain. You avoid wrapped tokens but pay a slip-based fee and destination gas.
Whichever type you use, how you store your keys still matters. Our guide to custodial and non-custodial wallets covers the trade-offs.
Checklist Before You Use a DEX From This List
A list tells you what exists. These checks tell you whether a venue is safe and cheap enough for your specific trade.
- Confirm the official address Phishing copies of popular DEX front ends are common. Bookmark the official site and verify token contract addresses from the project's own channels.
- Compare total cost, not the headline fee Add pool or maker-taker fees, gas, bridge costs and price impact. For perpetual venues, include funding, and for GMX, borrow fees.
- Check depth at your size Price impact on a $500 swap tells you nothing about a $50,000 one. Quote your real size before signing.
- Look for audits and incident history Published audit reports reduce, but do not remove, smart contract risk. Upgrade keys and oracle design matter too.
- Review token approvals Approvals you grant to a router stay active until you revoke them. Remove the ones you no longer use.
- Understand the product A swap gives you the token. A perpetual contract gives you price exposure with leverage and liquidation risk. A cross-chain swap takes longer and passes through more steps.
Where EVEDEX Fits in This DEX List
EVEDEX sits in the order-book group, but it differs from Hyperliquid and Manifest in architecture: orders are matched off-chain for speed, and settlement runs on-chain on Arbitrum L2. It trades only perpetual futures, 52 pairs covering crypto, US stocks, gold, silver, WTI oil, two forex pairs, two pre-market contracts and an SPY index contract, all around the clock with margin in USDT.
Maker and taker fees are 0.015% and 0.045%, and cashback on your own trades can reach 35%. Leverage reaches 200x on BTC-USD, ETH-USD and SOL-USD for positions up to $50,000 notional, with lower caps on other pairs. Traditional KYC is not required; deposits go through automated AML screening, and the minimum deposit is 6 USDT. The drawbacks are the ones in the table: no spot market, no pools to provide liquidity to, cross margin only and a much shorter pair list than Hyperliquid's 404. For the mechanics of matching and settlement, read how the EVEDEX perp DEX works. Perpetual futures carry a high risk of loss.
