Mangrove is an on-chain order book DEX that allows liquidity providers to post arbitrary smart contracts as offers. It lets users run trading strategies without locking funds, and it is described as an open-source protocol audited by security firms. A Kandel AMM is presented as Mangrove's first AMM.
Directory
Decentralized Exchanges
Decentralized exchanges let people swap assets through blockchain-based protocols. Listings cover automated market makers, swap interfaces, and liquidity pools across many networks. Two exchanges that look similar can differ a lot in practice, so compare which chains each one supports, how fees are charged, and how deep the liquidity runs for the pairs you care about. Read the project's own documentation for the risks it carries, including slippage and impermanent loss, and check whether the contracts have been audited and by whom. Small details such as token approval steps are worth understanding before you connect a wallet.
Manifest Trade is a decentralized trading protocol for swapping tokens and accessing on-chain liquidity.
Maverick V1 is a decentralized trading protocol for swapping tokens and accessing on-chain liquidity.
MDEX is a decentralized trading protocol for swapping tokens and accessing on-chain liquidity.
Megaton Finance is a decentralized trading protocol for swapping tokens and accessing on-chain liquidity.
MerlinSwap is a decentralized exchange or AMM for swapping tokens through on-chain liquidity pools.
Meteora DAMM V2 is a decentralized exchange or AMM for swapping tokens through on-chain liquidity pools.
Metric V2 is a decentralized trading protocol for swapping tokens and accessing on-chain liquidity.
Mimo V2 is a decentralized trading protocol for swapping tokens and accessing on-chain liquidity.
Minswap DEX is a multi-pool decentralized exchange on Cardano. It offers token swaps, liquidity pools, MIN staking and farming, and community-driven governance. The site also provides a mobile app for trading, farming and portfolio tracking.
mySwap V1 is a decentralized exchange or AMM for swapping tokens through on-chain liquidity pools.
NetSwap is a decentralized exchange or AMM for swapping tokens through on-chain liquidity pools.
Nomiswap is a decentralized exchange or AMM for swapping tokens through on-chain liquidity pools.
O2 Exchange is a decentralized trading protocol for swapping tokens and accessing on-chain liquidity.
Obsidian is a decentralized trading protocol for swapping tokens and accessing on-chain liquidity.
Ocean One is a decentralized trading protocol for swapping tokens and accessing on-chain liquidity.
Orca is an automated market maker and liquidity infrastructure protocol on Solana. It provides liquidity pools and vaults for earning yield, plus tools to deploy and manage onchain capital. The site states Orca and Loopscale have merged.
OroSwap is an AI-powered decentralized exchange built on ZIGChain, described as an AI-native RWA DEX. It offers a Swap Assistant, Multi Swap and Liquidity Manager, with liquidity dynamically managed within adaptive ranges. The site presents it as the first AI-powered DEX on ZIGChain and includes a launch app option and a launch testnet option.
Osmosis DEX is a decentralized trading protocol for swapping tokens and accessing on-chain liquidity.
PancakeSwap AMM is a decentralized exchange or AMM for swapping tokens through on-chain liquidity pools.
Pharaoh V3 is an on-chain DEX using concentrated liquidity or advanced pools for token swaps.
Phoenix Spot is a decentralized spot trading venue for on-chain crypto markets and liquidity.
PHUX is a decentralized trading protocol for swapping tokens and accessing on-chain liquidity.
Polynomial Liquidity is a decentralized trading protocol for swapping tokens and accessing on-chain liquidity.