7 reviews
Decentralized Exchanges
On-chain swap and perpetuals platforms where you trade from your own wallet without handing funds to an exchange.
Hyperliquid Review: An On-Chain Perps Exchange That Trades Like a Centralized One
Hyperliquid runs a full order book on its own chain at 0.015% maker and 0.045% taker. We checked the speed claims, the fee ladder and the market-manipulation incidents that exposed its risks.
Uniswap Review: When a Swap Beats a Centralized Exchange, and When It Does Not
Uniswap charges pool fees from 0.05% to 1% on v3 and nothing for custody, but you pay network gas and carry scam-token risk. We compare it with buying on a centralized exchange.
Jupiter Review: The Best Route on Solana, and Perps Built for People Who Can Lose It
Jupiter is the swap router most Solana traders already use. We look at how it finds prices, what the commission really is, and why its 250x perps and limit orders deserve more caution than the swap box.
PancakeSwap Review: The Default DEX on BNB Chain, Less Compelling Everywhere Else
PancakeSwap is a strong home for BNB Chain swaps and liquidity, with fees from 0.01% to 1% and 11 chains. We weigh that against scam-token risk, retired veCAKE staking and a weaker case on Solana.
dYdX Review: A Capable Perps DEX With Fair Fees, Now Living in Hyperliquid's Shadow
dYdX charges 5 bps taker and 1 bp maker at the entry tier on its own Cosmos chain. We checked the fee ladder, the markets list and the volume gap to Hyperliquid, and who still has a reason to pick it.
GMX Review: Is Trading Perps Safe After the $42 Million V1 Exploit, and What Does It Cost?
GMX V2 charges 0.04% or 0.06% to open or close a perp, plus borrowing and capped price impact. The July 2025 exploit hit V1, not V2, and the money was returned. We weigh the fee stack and the remaining risk.
1inch Review: The Aggregator Saves Real Money on Large Swaps and Little on Small Ones
1inch charges no protocol fee and splits trades across 400+ liquidity sources. Reviewers put the saving over Uniswap at 0.5% to 2% on swaps above $1,000, and close to nothing below.
