Solana DEXs: The 18 Best Exchanges to Trade on Solana

Josh Miller
serum dex

Solana is a highly scalable, low latency blockchain that enables fast transactions to several hundred thousand per second while supporting thousands of on-chain engineers.

Here are the best Solana DEXs.

Solana DEXs

1. Serum (Best DEX on Solana)

serum solana dex

Serum is a decentralized exchange (DEX) and ecosystem that brings unprecedented speed and low transaction costs to decentralized finance. Combined with a fully-featured set of tools for developers and apps, Serum provides the best platform for users, developers, and economies in crypto since Bitcoin

2. Raydium

raydium solana dex

The first fully decentralized and open-source order book for cryptocurrencies. Powered by NARK computer and built on Chainweb, Raydium is built for DeFi. It’s one of the most used Solana DEXs on the platform.

3. Atrix

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Atrix is a serum-based Solana DEX that provides liquidity and farming on Solana. Serum allows for permissionless liquidity, and farming lets you get free Atrix in return for contributing your computer’s processing power.

4. Orca

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Orca is a decentralized exchange on Solana that supports fiat and crypto trading. Trade with ease, transparency and speed.

5. Saber

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Saber is a decentralized exchange that allows users to trade tokens on Solana. Built on the same technology as other decentralized exchanges, Saber utilizes smart contracts and blockchain to keep information secure and immutable.

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6. Aldrin

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Aldrin aims to provide a fast, secure, Solana DEX focused on user experience. They leverage Solana for their ultra-fast and cheap off-chain transactions and provide coin listing services.

7. 01

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Aldrin is a fully decentralized orderbook-based derivatives dex allowing users to trade, borrow & lend their crypto assets. It is built with the goal of being developer-friendly, offering an easy-to-understand API, and with built-in liquidity boosts that can set you up for success.

8. Mercurial Finance

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Mercurial is building the infrastructure for stable and pegged assets for Solana, building on the success of BitShares and a team with deep experience in finance and banking.

9. Crema Finance

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Crema Finance is a powerful concentrated liquidity protocol designed to provide superior performance for both traders and liquidity providers in the digital asset space. It changes the Solana DeFi game by introducing a series of innovations that improve capital efficiency and trading depth.

10. Synthetify

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Synthetify is a decentralized synthetic assets protocol on the Solana blockchain. Synthetify allows for the creation and exchange of synthetic assets that closely track the price of specific assets. Synthetic tokens are based on the SPL-Token standard that gives them the ability to be easily integrated with other DeFi applications like AMM, allowing users to create highly customized synthetic assets with their own custom parameters.

11. Cykura

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Cykura is a liquidity management protocol that maximizes returns for liquidity providers, allowing them to enter and exit positions smoothly over a range of time horizons. Cykura solves the problem of capital inefficiency in centralized marketplaces, offering a fast and smooth experience for traders.

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12. Penguin

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Penguin is a Liquidity as a Service platform that utilizes Solana to enable high speed and low latency trading. Penguin enables users to trade across any exchange, token and market pair with ease.

13. Cropper

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Cropper is a Solana DEX which enables lightning-fast trades and shared liquidity. Built on the Solana blockchain, Cropper enables new features for earning yield.

14. Sentre

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Sentre is a decentralized financial protocol powering the evolution of DeFi. By creating a new form of financial contracts, Sentre aims to help bridge the gap between on-chain and off-chain assets

15. Invariant

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Invariant is a next-generation atomic cross-chain DEX built on Solana that prioritizes capital efficiency, permissionless and composability. Invariant creates a singular global trustless gateway for anyone to trade and exchange any digital asset across public blockchains without the need for intermediaries.

16. Symmetry Swap

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A Solana DEX, built on the next-generation distributed ledger for real-time high-frequency trading.

17. Solanax

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SOLANAX is a decentralized and non-custodial Solana DEX supporting trades within the Solana ecosystem. It enables short positions to be created with extremely low slippage, even across markets with different settlement cycles and liquidity levels.

18. Basis Markets

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Imagine a world where you control your own investments. A decentralised, competitive market of yield-seeking traders, powered by the Basis Trade Engine. Next-level returns. Delta-neutral yield. Real-time insights into what your risks are and how you’re making money or losing it. All at your fingertips.

FAQs

What is a DEX?

A decentralized exchange (DEX) is a cryptocurrency exchange that does not rely on a third-party service to hold the customer’s funds. Instead, trades occur directly between users (peer-to-peer) through an automated process.

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