This decentralized exchanges list names 196 DEXs tracked on NAUT: every company carrying NAUT's DEX tag whose own NAUT description says it swaps tokens, pools liquidity, matches orders or routes trades, read on 2 November 2026. NAUT's data shows 37 of the 196 decentralized exchange projects describe perpetuals or derivatives trading, 159 describe spot swaps, AMM pools or order books, and 122 carry a TVL figure, with Hyperliquid the highest at $6,419M.
How this DEX list was built: on 2 November 2026, NAUT's DEX (Decentralized Exchange) sector held 342 live companies, 340 of them with a live NAUT page. Each of those 340 descriptions was read against 2 questions, does this company trade tokens and does its own text claim to be decentralized, and 144 were dropped. 138 went because their own text describes a lending market, a prediction market, an NFT marketplace, a launchpad, a trading bot, a blockchain or a general liquidity layer rather than an exchange. A keyword read of each name and description accounts for 132 of those 138. The next 6 cleared that keyword read and then failed on a full read of their own NAUT page, and the reason for each is this: NAVI Protocol and UpTop.meme describe themselves as liquidity protocols, Synthesys as an institutional liquidity layer and Bitdrome as a liquidity hub for the BTC ecosystem, 1 more is a prediction markets platform on Abstract, and Gnosis is a chain and DeFi infrastructure platform whose DEX, CoW Protocol, holds its own row on this list. The last 6 trade tokens but read as centralized venues in their own NAUT text, with no decentralized, on-chain or non-custodial claim anywhere in it, so a list of decentralized exchanges is the wrong home for them: Deribit (a derivatives exchange with mandatory KYC, 2FA and colocation for institutional traders), CoinEx (a global exchange founded in 2017, part of ViaBTC Group), Coinzix (a cryptocurrency exchange serving the European market), Manta Exchange, X10 (a self-described hybrid exchange) and PowerTrade Fuel. 2 numbers to read with care: 14 of the 196 rows carry no description text on NAUT and are kept on the exchange name their own page shows, and the spot or perps split comes from the wording of each row's own NAUT description, so a venue that runs both lands in 1 bucket. The TVL column is the figure NAUT's record holds at that read, and on-chain TVL moves daily, so a live tracker can show a different number the same week.
Decentralized exchanges list: which DEXs hold the most TVL on NAUT's record?
Ranked by the TVL figure on NAUT's record on 2 November 2026, these 15 sit at the top of the 122 DEXs on this list that carry one. The 196 rows hold $12,145M between them, and the top 3 carry 78% of it. One figure that is deliberately absent: NAVI Protocol's $138.8M on NAUT's record would rank 9th in this table, and it is off the list because its own NAUT text describes a liquidity protocol on Sui rather than an exchange.
| # | DEX | Type | TVL |
|---|---|---|---|
| 1 |  Hyperliquid |
perps | $6,419M |
| 2 |  Uniswap |
spot | $1,535M |
| 3 |  PancakeSwap |
spot | $1,483M |
| 4 |  Lighter |
perps | $585M |
| 5 |  Aster |
perps | $495M |
| 6 |  Orca |
spot | $289M |
| 7 |  Derive |
spot | $178M |
| 8 |  Meteora |
spot | $152M |
| 9 |  Extended |
perps | $107M |
| 10 |  VVS Finance |
spot | $82.3M |
| 11 |  Arcus |
perps | $63.6M |
| 12 |  EdgeX Exchange |
perps | $59.6M |
| 13 |  THORChain |
spot | $57.2M |
| 14 |  Nado DEX |
spot | $49.0M |
| 15 |  Quickswap |
spot | $42.7M |
That chart is the 10 highest TVL figures on NAUT's record, in millions of dollars.
Which perp DEXs does NAUT track?
NAUT tracks 37 perp DEXs on this list, meaning rows whose own NAUT description names perpetuals, futures, options or derivatives trading. This perp DEX list is ordered by the TVL figure on NAUT's record: 28 of the 37 carry one, and together they hold $7,924M of the list's total. A dash in the trust tier column means NAUT has not scored that row yet.
| Perp DEX | Chains | TVL | Trust |
|---|---|---|---|
| Hyperliquid |
Arbitrum +1 | $6,419M | very high |
| Lighter |
Ethereum +1 | $585M | medium |
| Aster |
Arbitrum +4 | $495M | medium |
| Extended |
Ethereum | $107M | medium |
| Arcus |
Ethereum +1 | $63.6M | - |
| EdgeX Exchange |
Arbitrum +5 | $59.6M | low |
 Kodiak |
Berachain | $35.5M | medium |
 DecibelTrade |
Aptos | $29.3M | low |
 Paradex |
Ethereum +2 | $25.6M | medium |
 Papertrade |
- | $25.5M | - |
 risextrade |
- | $21.4M | very low |
 Aevo |
Ethereum | $15.4M | high |
 Ostium |
Arbitrum | $15.2M | medium |
 Reya Network |
- | $9.9M | high |
 StandX |
BNB Chain | $5.8M | medium |
 Storm Trade |
TON | $3.8M | medium |
 Perpl |
Monad | $3.2M | low |
 Etherealdex |
- | $1.6M | low |
 Katana Perps |
- | $1.3M | - |
 Perpetual Protocol |
Arbitrum +4 | $0.43M | - |
 Cap |
Arbitrum +1 | $0.20M | - |
 SakeSwap |
BNB Chain +1 | $0.05M | - |
 Voodoo |
Base +1 | under $0.01M | - |
 Narwhal Finance |
Arbitrum | under $0.01M | - |
 LogX |
Arbitrum +9 | under $0.01M | - |
 Blast Futures |
Base +1 | under $0.01M | - |
 Vertex Protocol |
Arbitrum +1 | under $0.01M | - |
 Dango Exchange |
Ethereum | under $0.01M | low |
 10X App |
- | - | - |
 Aark Digital |
Arbitrum | - | - |
 Axiom |
- | - | medium |
 Bluefin |
Sui | - | - |
 Carbon |
Arbitrum +6 | - | - |
 HyENA Crypto DEX |
- | - | low |
 Liquid |
- | - | medium |
 PERPTools |
- | - | - |
 Zeta Markets |
Solana | - | - |
Which spot DEXs and AMMs are on the decentralized exchanges list?
These 159 rows describe spot swaps, AMM pools, concentrated liquidity, order books or trade routing in their own NAUT text. Rows with a TVL figure come first, then the rest in alphabetical order.
| Spot DEX or AMM | Chains | TVL |
|---|---|---|
| Uniswap |
Arbitrum, Avalanche +20 | $1,535M |
| PancakeSwap |
- | $1,483M |
| Orca |
Solana | $289M |
| Derive |
Arbitrum, Base +3 | $178M |
| Meteora |
Solana | $152M |
| VVS Finance |
Cronos, Ethereum | $82.3M |
| THORChain |
Cosmos, THORChain |
$57.2M |
| Nado DEX |
Ink | $49.0M |
| Quickswap |
Base, Ethereum +4 | $42.7M |
 Sushi |
Aptos, Arbitrum +31 | $36.2M |
 Project X |
Hyperliquid |
$35.6M |
 NestExchange |
Hyperliquid |
$32.0M |
 ApeX |
Arbitrum, Avalanche +4 | $29.7M |
 Phoenix |
Solana | $23.5M |
 Serum |
Energi, Ethereum +2 | $15.9M |
 Bancor Network |
BNB Chain, Energi +2 | $14.6M |
 SaucerSwap |
Base, Hedera | $14.4M |
 DODO |
- | $13.6M |
 Manifest |
Solana | $13.1M |
 Osmosis |
Cosmos, Osmosis +1 |
$10.4M |
 JOE |
Arbitrum, Avalanche +3 | $9.7M |
 MUX Protocol |
Arbitrum, BNB Chain +1 | $9.2M |
 ValantisLabs |
Hyperliquid |
$8.8M |
 BulbaSwap |
Morph | $8.5M |
 Deri Protocol |
Arbitrum, BNB Chain +5 | $7.4M |
 bulktrade |
- | $7.1M |
 Velodrome Finance |
BOB, Ink +4 | $5.9M |
 Saber |
Solana | $4.8M |
 Camelot |
Arbitrum, Plume | $4.3M |
 Woo Finance |
Arbitrum, Avalanche +10 | $3.9M |
 Momentum |
Aptos, Sui | $3.5M |
 1inch |
Arbitrum, Avalanche +11 | $3.0M |
 Turbos Finance |
Sui | $3.0M |
 Ambient Finance |
Scroll | $2.4M |
 SynFutures |
BNB Chain, Base +1 | $2.3M |
 RateX_Dex |
BNB Chain, Ethereum +1 | $2.2M |
 Thruster |
Blast | $1.8M |
 Tokenlon |
Arbitrum, Ethereum | $1.8M |
 Shadow Exchange |
Sonic | $1.7M |
 ELFi Protocol |
Arbitrum | $1.5M |
 Thena Finance |
BNB Chain | $1.5M |
 KiloEx |
B2, BNB Chain +4 | $1.3M |
 Jumbo Exchange |
Near | $1.3M |
 Hyperion |
Aptos, BNB Chain | $1.1M |
 Wombat Exchange |
Arbitrum, Avalanche +6 | $1.0M |
 Kyber Network |
Arbitrum, Avalanche +13 | $1.0M |
 WingRiders |
Cardano | $1.0M |
 Saddle |
Arbitrum, Ethereum | $0.93M |
 Synthetix |
Arbitrum, Avalanche +10 | $0.87M |
 AshSwap |
MultiversX | $0.83M |
 Clipper |
Arbitrum, Base +5 | $0.76M |
 Kyo Finance |
Ethereum, Soneium | $0.76M |
 ArcherExchange_ |
Solana | $0.71M |
 Kuru |
Monad | $0.66M |
 DerivaDAO |
Ethereum | $0.58M |
 Hybra Finance |
Hyperliquid |
$0.58M |
 ArthSwap |
Astar | $0.49M |
 CswapDex |
Cardano | $0.45M |
 VelarBTC |
Ethereum, Stacks | $0.43M |
 TorchTon |
TON | $0.39M |
 Lynex |
Linea | $0.39M |
 Convergence |
Ethereum, Moonbeam | $0.39M |
 Dfyn |
Ethereum, Polygon | $0.37M |
 Bim Exchange |
- | $0.28M |
 TrebleSwap |
Base | $0.27M |
 tanX |
Ethereum | $0.26M |
 Hashflow |
BNB Chain, Ethereum +1 | $0.26M |
 FlowX Finance |
Sui | $0.24M |
 Vessel |
- | $0.18M |
 SmarDex |
Arbitrum, BNB Chain +4 | $0.16M |
 Xave |
Arbitrum, Avalanche +2 | $0.14M |
 Saros |
Solana, Viction | $0.13M |
 Ferra |
Sui | $0.13M |
 Crema Finance |
Solana | $0.12M |
 Bunicorn |
BNB Chain | $0.12M |
 OpenOcean |
Aptos, Arbitrum +31 | $0.11M |
 Algebra |
Polygon | $0.07M |
 Spin |
Near | $0.06M |
 Loopring |
Arbitrum, Energi +1 | $0.03M |
 Forest Protocol |
BNB Chain, Ethereum | $0.03M |
 Aldrin |
Ethereum, Solana | $0.02M |
 Superp |
BNB Chain | $0.02M |
 TsunamiX |
Aptos | $0.02M |
 Stabull Finance |
Base, Ethereum +1 | $0.02M |
 Cykura (Cyclos) |
Solana | $0.02M |
 Veax Labs |
Near | $0.01M |
 SatoshiDEX |
Stacks | under $0.01M |
 HypertradeX |
Hyperliquid |
under $0.01M |
 SegaSwap |
Solana | under $0.01M |
 WingSwap |
Fantom | under $0.01M |
 warpexchange |
MegaETH | under $0.01M |
 Futureswap |
Arbitrum, Ethereum | under $0.01M |
 PRINT3R |
Mode | under $0.01M |
 ZKEX |
Linea | under $0.01M |
 0x |
Avalanche, Ethereum +1 | - |
 1Sol |
Ethereum, Solana | - |
 AdaSwap |
Cardano, Ethereum | - |
 Atlas DEX |
Solana | - |
 AURA DEX |
- | - |
 BeFi Labs |
Ethereum | - |
 BISON SWAP |
- | - |
 BitFlow |
- | - |
 Blum |
BNB Chain, TAC +1 | - |
 Bungee Exchange |
- | - |
 Byte Trading |
- | - |
 CDzExchange |
BNB Chain | - |
 Chainge Finance |
Arbitrum, Avalanche +13 | - |
 ChangeNOW |
BNB Chain, Ethereum | - |
 Coinhall |
- | - |
 Concordex |
- | - |
 CoW Protocol |
Arbitrum, Avalanche +8 | - |
 DeFIRE |
Ethereum | - |
 Dexlab |
BNB Chain, Core +1 | - |
 DEXTools |
BNB Chain, Ethereum | - |
 EscapeHub |
- | - |
 EZswap |
Manta | - |
 Fenix Finance |
- | - |
 FermiLabs |
- | - |
 Fly |
Abstract, Arbitrum +22 | - |
 Harbor_DEX |
- | - |
 humidifi |
Solana | - |
 HXRO |
Energi, Ethereum +1 | - |
 Ju.com |
- | - |
 Jupiter |
Solana, Unichain | - |
 kaleidoswap |
- | - |
 Kwenta |
- | - |
 Lever Network |
BNB Chain, Ethereum +1 | - |
 Li.Fi (Jumper DEX) |
- | - |
 MakiSwap |
Fantom, HECO | - |
 NewEra Finance |
BNB Chain | - |
 o1_exchange |
- | - |
 ODOS |
Arbitrum, Avalanche +10 | - |
 Ooga Booga |
Berachain | - |
 OpenSwap |
BNB Chain, Ethereum | - |
 OrangeDX |
BNB Chain, Bitcoin | - |
 Overlay |
Arbitrum, BNB Chain +2 | - |
 Polkadex |
Ethereum, Polkadot | - |
 Rails |
Ethereum | - |
 Rango Exchange |
- | - |
 Raydium |
- | - |
 RocketX |
Aptos, Arbitrum +34 | - |
 ShapeShift |
Arbitrum, Ethereum +3 | - |
 SimpleSwap |
- | - |
 Soldex |
Solana | - |
 Swaperry |
BNB Chain | - |
 Tapp Exchange |
Aptos | - |
 Taya Finance |
- | - |
 Titan |
- | - |
 TitanSwap |
- | - |
 unizen |
Ethereum, Polygon | - |
 UXUY |
- | - |
 VDEX |
- | - |
 VegaSwap |
BNB Chain | - |
 Velora |
Arbitrum, Avalanche +7 | - |
 WolfSwap |
- | - |
 WOWMAX |
- | - |
 Zada Finance |
- | - |
 ZeroSwap |
Arbitrum, Avalanche +9 | - |
 zkCLOB |
Ethereum | - |
Which chains host the most DEXs on NAUT?
The 196 DEXs name 86 distinct chains between them, and 42 rows name none on NAUT. Ethereum leads with 69 of the 196, and 30 rows run on 5 chains or more, so 1 BD conversation can cover several ecosystems. Uniswap holds the highest TVL figure on 7 of these 10 chains, because NAUT's record has it deployed on 22.
| Chain | DEXs | Perps | Highest TVL there |
|---|---|---|---|
| Ethereum | 69 | 12 | Uniswap ($1,535M) |
| BNB Chain | 47 | 6 | Uniswap ($1,535M) |
| Arbitrum | 42 | 11 | Hyperliquid ($6,419M) |
| Solana | 34 | 5 | Uniswap ($1,535M) |
| Base | 28 | 4 | Uniswap ($1,535M) |
| Polygon | 25 | 1 | Uniswap ($1,535M) |
| Optimism | 20 | 2 | Uniswap ($1,535M) |
| Avalanche | 19 | 0 | Uniswap ($1,535M) |
| Linea | 13 | 1 | Sushi ($36.2M) |
| Sonic | 11 | 1 | Sushi ($36.2M) |
What a BD team can do with this decentralized exchanges list
- Sort by TVL first. The 122 rows with a figure are the ones with live liquidity to talk about, and the top 15 above cover 96% of the tracked total.
- Pick the venue type that matches what you sell. Market making, oracles and risk tooling land with the 37 perps venues; token launches and routing land with the 159 spot venues.
- Work by chain. 69 of the 196 run on Ethereum, 47 on BNB Chain, 42 on Arbitrum and 34 on Solana, so a chain-led list keeps the pitch specific.
- Open the NAUT page before you write. Each page carries the company's own description, its chains, its X handle and the people NAUT holds at it.
- Pick a tierStart with the 122 rows that carry a TVL figure, from Hyperliquid at $6,419M down.
- Split by venue37 rows describe perps, Lighter and Aster among them, and 159 describe spot.
- Narrow by chain69 of the 196 run on Ethereum, 34 on Solana, where Orca holds $289M.
- Find the personOpen each DEX's NAUT page for its team, then unlock the verified channel you need.
Related reading on NAUT: Perp DEX funding: 8 deals, $39.5M, 2 teams took 65% and Crypto exchanges list: 102 CEXs, 26 with a named BD contact.
Can you pull this data through the NAUT API?
Yes. The same rows come back from GET https://api.naut.so/v1/projects?sector=DEX%20(Decentralized%20Exchange)&limit=100, with page=1 through page=4 to walk all 342 tagged rows at the documented maximum of 100 per call, which is 4 calls at 5 credits each, so 20 credits in total; the reading of each description that cut 342 down to 196 is the part this article did by hand. Plans, credits and the key you pass as $NAUT_KEY are at naut.so/docs/api and naut.so/pricing. Verified Telegram, email and LinkedIn for the people at these DEXs unlock on any paid NAUT plan, so start a 7-day trial if you need to reach them.
Decentralized exchanges list FAQ
What decentralized exchanges exist in crypto?
NAUT tracks 196 decentralized exchanges as of 2 November 2026, among them Hyperliquid, Uniswap, PancakeSwap, Lighter, Aster, Orca and Sushi, each with its own page on naut.so. 37 of them describe perpetuals or derivatives trading and 159 describe spot swaps, AMM pools or order books.
Which DEX holds the most TVL on NAUT's record?
Hyperliquid at $6,419M, followed by Uniswap at $1,535M and PancakeSwap at $1,483M, on the figures NAUT's record held on 2 November 2026. 122 of the 196 DEXs on this list carry a TVL figure at all.
How many perp DEXs are on this decentralized exchanges list?
37 of the 196, on NAUT's data as of 2 November 2026, led by Hyperliquid, Lighter at $585M and Aster at $495M. 28 of the 37 carry a TVL figure on NAUT.
Where can I find the teams behind these DEXs and their contact channels?
On NAUT. Each of the 196 DEX pages on naut.so lists the company's own description, its chains, its X handle and the people NAUT holds at it, and GET https://api.naut.so/v1/projects/<slug> returns 1 company with its team. Verified Telegram, email and LinkedIn unlock on any paid NAUT plan, so start a 7-day trial to reach them.
Sources
- NAUT's own database, read on 2 November 2026: the 342 companies in the DEX (Decentralized Exchange) sector, their descriptions, chains and TVL figures, and the 196 NAUT pages linked above.
- NAUT API endpoints, parameters and credit prices: naut.so/docs/api and naut.so/pricing.