Top 10 recommended decentralized exchanges in the world (updated in 2025)

Unified Exchange (V3): Deployed in Ethereum, Arbitrum, Optimism, etc., adopt centralized liquidity and multi-level handling fees to increase capital efficiency by 4,000 times, and support a variety of ERC-20 token transactions. Sushi exchange: multi-chain deployment (Ethereum, BSC, Polygon, etc.), Uniswap fork projects, optimize community governance and cross-chain transactions, and provide Kashi lending and Trident AMM upgrades. Pancake exchange: Deployed in BSC, it is characterized by low transaction fees, supports liquidity mining, IFO, and expands to the multi-chain ecosystem. Curve Finance: Deployed in Ethereum, Arbitrum, etc., specializes in stablecoin trading, with extremely low slippage, and integrated lending protocols provide additional benefits to LPs. dYdX: Deployed in Ethereum (Layer 2 StarkEx), focusing on decentralized derivatives trading, supporting perpetual contracts and leveraged trading, and fast trading speed. 1 inch: multi-chain deployment (Ethereum, BSC, Polygon, etc.), DEX aggregator, intelligent routing optimizes transaction paths, reduces slippage, and supports multi-chain asset exchange. Balancer: Deployed in Ethereum, Arbitrum, etc., supports custom liquidity pools and multi-asset weight adjustments, and can be used as an automated portfolio management tool. Thunder Chain: Native cross-chain protocol, supports cross-chain transactions of native assets (such as direct exchange of BTC and ETH), without the need to bridge assets. Kemper Network: Deployed in Ethereum, Polygon, etc., liquidity aggregation protocols, provide instant settlement, and integrate multiple DEX liquidity. Solana DEX: Deployed in Solana, it features low handling fees, high-speed transactions, focusing on user experience, suitable for Meme coins and emerging token trading.

1. Unified Exchange (V3)

• On-chain deployment: Ethereum, Arbitrum, Optimism, etc.

• Features: Adopt centralized liquidity and multi-level handling fee mechanism, capital efficiency is improved by 4,000 times, and multiple ERC-20 token transactions are supported.

2. Sushi exchange

• On-chain deployment: multi-chain (Ethereum, BSC, Polygon, etc.)

• Features: Uniswap forked project, optimized community governance and cross-chain transactions, and provided lending platforms Kashi and AMM upgraded version of Trident.

3. Pancake exchange

• On-chain deployment: Binance Smart Chain (BSC)

• Features: Low transaction fees, supports liquidity mining, IFO (first farm issuance), and expands to the multi-chain ecosystem.

4. Curve Finance

• On-chain deployment: Ethereum, Arbitrum, etc.

• Features: Specializes in stablecoin trading, with extremely low slippage, and integrated lending protocols (such as Compound) provide additional benefits to LPs.

5. dYdX

• On-chain deployment: Ethereum (Layer 2 StarkEx)

• Features: Focus on decentralized derivatives trading, supports perpetual contracts and leveraged trading, and the trading speed is fast.

6. 1 inch

• On-chain deployment: multi-chain (Ethereum, BSC, Polygon, etc.)

• Features: DEX aggregator, intelligent routing optimizes transaction paths, reduces slippage, and supports multi-chain asset exchange.

7. Balancer

• On-chain deployment: Ethereum, Arbitrum, etc.

• Features: Custom liquidity pool, supports multi-asset weight adjustment, and can be used as an automated portfolio management tool.

8. Thunder Chain

• On-chain deployment: native cross-chain protocol

• Features: Supports cross-chain transactions of native assets (such as direct exchange of BTC and ETH), without the need to bridge assets.

9. Kemper Network

• On-chain deployment: Ethereum, Polygon, etc.

• Features: Liquidity aggregation protocol, providing instant settlement, integrating multiple DEX liquidity.

10. Orca (Solana DEX)

• On-chain deployment: Solana

• Features: Low handling fees, high-speed transactions, focusing on user experience, suitable for Meme coins and emerging token trading.

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