Complete List of Decentralized Exchanges (DEXs)

ADEN is a next-generation decentralized perpetual exchange (Perp DEX) built on the strengths of Gate Layer. Gate Layer is an OP Stack–based high-performance Layer 2 network that offers full EVM compatibility, ultra-low gas fees, and lightning-fast transaction speeds. It is directly connected to the broader Gate ecosystem — including GateChain, Gate CEX, Gate Wallet, and Gate Ventures — providing ADEN with immediate access to deep liquidity and a vast user base. Leveraging this technological and economic infrastructure, ADEN will establish itself as an independent global Perp DEX, with the $ADEN token serving as the core element for trading, rewards, and governance within the ecosystem. In short, $ADEN will become the central asset of the Gate Layer ecosystem, driving both the growth of the ADEN platform and the overall expansion and profitability of Gate Layer.

Aevo is the world's first high-performance decentralized options and perpetuals exchange. The exchange runs on a custom EVM roll-up that rolls up to Ethereum. Aevo operates an off-chain orderbook with on-chain settlements. This means that once orders are matched, trades get executed and settled with smart contracts. Aevo is backed by Paradigm, Dragonfly Capital, Ethereal Ventures, Coinbase Ventures, Nascent, Robot Ventures, Scalar Capital, Alliance.

Antarctic Exchange(AX) is a decentralized perp exchange offering advanced trading features, structural earn products, and easy to use defi tools. Our goal is to bring the full experience of a CEX on a DEX - starting with Perps. With a commitment to fairness and transparency as well as a focus on the centralized experience. AX aims to provide a new option for centralized users who want a space away from the shady dealings of CEXs. Unlike traditional CEX who favour backroom deals and corporate interest, AX gives power back to the user by democratizing access to institutional level earn oppunities and rewarding users for their trading activities. Antarctic Exchange redefines decentralized trading and empowers its growing community to thrive in an equitable marketplace. MADE BETTER, TRADE BETTER

ApeX Omni is an aggregated multichain liquidity trading platform built on a modular, intent-centric architecture. Providing a diverse range of trading products, deep liquidity, and a seamless user experience, ApeX Omni is poised to realize the full potential of DEXs for optimal performance and maximum efficiency.

ApeX is a decentralized and non-custodial derivatives protocol that facilitates the creation of perpetual swap markets for any token pair. The protocol operates through a series of immutable and persistent smart contracts on the Ethereum blockchain, where users are free to trade directly without intermediaries.

Aster is a decentralized perpetual exchange built for everyone. It offers MEV-free, one-click trading with up to 1001x leverage in Simple Mode, and full-featured, pro-grade tools in Pro Mode. Backed by YZi Labs, Aster is building the future of DeFi: fast, flexible, and community-first.

Balancer is a non-custodial portfolio manager, liquidity provider, and price sensor protocol. Balancer V2 offers a generalized protocol for automated market makers.

Blackhole is a next-generation decentralized exchange (DEX) built on the Avalanche C-Chain, optimized for deep liquidity, sustainable emissions, and long-term incentive alignment across the DeFi ecosystem. At its core, Blackhole leverages an enhanced ve(3,3) tokenomics model, combining dynamic governance, emissions-based rewards, and advanced automated market maker (AMM) infrastructure to deliver capital-efficient liquidity solutions. The native token of the protocol, $BLACK, is used for: Emission rewards to liquidity providers Locking into veNFTs to gain governance rights and rewards Staking to earn protocol revenue and bribes Perma-locking to mint special Supermassive veNFTs with non-decaying power Blackhole’s unique two-tier governance system revolves around veBLACK vote-escrowed NFTs minted by locking $BLACK tokens. Users can choose between two types: - Singularity veNFT: Users lock $BLACK for up to 4 years to earn veBLACK, gaining proportional voting power and protocol revenue. - Supermassive veNFT: Created by permanently burning $BLACK tokens. These NFTs receive enhanced rewards, non-decaying voting power, and a 10% rebase bonus. All team tokens are burned into Supermassive veNFTs, eliminating future sell pressure. How Does Blackhole Work? Blackhole’s incentive engine operates in epochs. Each week, veNFT holders vote on “gauges” that determine which liquidity pools receive $BLACK emissions. In return, voters earn: A share of trading fees from voted pools 100% of bribes and partner incentives from those pools Rebase rewards based on emission dynamics The protocol features variable AMMs for volatile assets, stable AMMs for correlated pairs like stablecoins, and concentrated liquidity pools for precision market-making. LPs can earn higher fees by focusing capital around price ranges and staking to access emissions. New projects can launch liquidity via Genesis Pools, a capital-efficient bootstrapping system with fixed price contributions and auto-staking. Genesis participants earn LP tokens and start receiving emissions from epoch one. What Makes Blackhole Unique? Dual veNFT system: Long-term governance through both flexible and permanent locks Dynamic emissions model: Four emission phases—early growth, inflation control, and a governance-driven terminal phase called “Hawking Radiation” Protocol alignment: All team tokens permanently burned into Supermassive veNFTs Revenue streams: Voters earn from trading fees, bribes, and rebases Advanced AMM design: Modular, concentrated liquidity architecture powered by Algebra Integral Permissionless launches: Any project can bootstrap deep liquidity via Genesis Pools

ChangeNOW.io is a cryptocurrency exchange that was founded in 2017. Our platform offers support for over 900+ different assets, with an impressive average exchange time of just 2 minutes. We pride ourselves on providing fast, efficient, and user-friendly services to our clients.

## What Is Curve Finance? Curve Finance is a [decentralized](https://coinmarketcap.com/alexandria/glossary/decentralized) [liquidity pool](https://coinmarketcap.com/alexandria/glossary/liquidity-pool) for [stablecoin](https://coinmarketcap.com/alexandria/glossary/stablecoin) trading. Instead of an [order book](https://coinmarketcap.com/alexandria/glossary/order-book), it uses an [AMM](https://coinmarketcap.com/alexandria/glossary/automated-market-maker-amm) (automated market maker) model to match [liquidity](https://coinmarketcap.com/alexandria/glossary/liquidity). As a decentralized and permissionless protocol, anyone can [provide](https://coinmarketcap.com/alexandria/glossary/liquidity-provider-tokens-lp-tokens) liquidity to one or more of the [liquidity pools](https://coinmarketcap.com/alexandria/glossary/liquidity-pool). The constant product formula of the AMM ensures maximum efficiency while incurring a minimum of [slippage](https://coinmarketcap.com/alexandria/glossary/slippage) for traders. The Curve pools are [smart contracts](https://coinmarketcap.com/alexandria/glossary/smart-contract) implementing the StableSwap invariant and enabling the exchange of two or more tokens. Token [swaps](https://coinmarketcap.com/alexandria/glossary/token-swap) can be performed between paired stablecoins (Plain Pools) or between [wrapped](https://coinmarketcap.com/alexandria/article/what-is-wrapped-ethereum-weth) tokens, with the underlying collateral lent out on another protocol (Lending Pools). Finally, Metapools pair stablecoins against LP-tokens from another pool. The protocol is available multi-chain — on [Ethereum](https://coinmarketcap.com/currencies/ethereum/), [Arbitrum](https://coinmarketcap.com/alexandria/article/what-is-arbitrum-the-ultimate-guide-to-the-arbitrum-ecosystem), [Aurora](https://coinmarketcap.com/currencies/aurora-near/), [Avalanche](https://coinmarketcap.com/currencies/avalanche/), [Fantom](https://coinmarketcap.com/currencies/fantom/), [Harmony](https://coinmarketcap.com/currencies/harmony/), [Optimism](https://coinmarketcap.com/alexandria/article/what-is-optimism-the-ultimate-guide-to-the-optimism-ecosystem), [Polygon](https://coinmarketcap.com/currencies/polygon/), [xDai](https://coinmarketcap.com/currencies/xdai/) and [Moonbeam](https://coinmarketcap.com/currencies/moonbeam/). Users typically have to [bridge](https://coinmarketcap.com/alexandria/glossary/bridges) funds from Ethereum to these chains to use the Curve protocol. Due to its systemic importance for [decentralized finance](https://coinmarketcap.com/alexandria/glossary/defi) (DeFi), the protocol has attracted several other protocols fighting over its [governance](https://coinmarketcap.com/alexandria/glossary/governance) in the so-called [Curve Wars](https://coinmarketcap.com/alexandria/article/curve-wars-and-the-emergency-dao). ## Who Is the Curve Finance Founder? Curve Finance was founded by Michael Egorov, the former co-founder and CTO of NuCypher, a cryptocurrency infrastructure protocol. He also founded LoanCoin, a decentralized bank and loans network. Before his work in the cryptocurrency industry, Egorov studied at the Moscow Institute of Physics and Technology and the Swinburne University of Technology. ## When Did Curve Finance Launch? Curve Finance was launched in June 2020, amidst the so-called DeFi Summer, and is considered one of the core building blocks of the nascent [DeFi](https://coinmarketcap.com/alexandria/glossary/defi) sector. ## Where Is Curve Finance Located? According to CBInsights, Curve Finance has its headquarters in Switzerland. ## Curve Finance Restricted Countries At the time of writing, there is no information about possible restricted countries. However, users from countries under US financial sanctions may be subject to geoblocking. ## Curve Finance Supported Coins List The exchange supports liquidity pools for major stablecoins like [DAI](https://coinmarketcap.com/currencies/multi-collateral-dai/), [USDC](https://coinmarketcap.com/currencies/usd-coin/), [USDT](https://coinmarketcap.com/currencies/tether/), [FRAX](https://coinmarketcap.com/currencies/frax/) and [TUSD](https://coinmarketcap.com/currencies/trueusd/). It also offers swaps between wrapped tokens like [wBTC](https://coinmarketcap.com/currencies/wrapped-bitcoin/), [wETH](https://coinmarketcap.com/currencies/weth/) and [stETH](https://coinmarketcap.com/currencies/steth/) (a derivative of staked Ether native to [Lido](https://coinmarketcap.com/currencies/lido-dao/)). ## How Much Are Curve Finance Fees? According to the protocol, the standard fee on all pools is 0.04%. Half of the fee goes to liquidity providers, the other half to veCRV holders. veCRV holders receive enhanced governance rights in return for [staking](https://coinmarketcap.com/alexandria/glossary/staking) their tokens for fixed periods of time. ## Is It Possible To Use Leverage or Margin Trade on Curve Finance? This exchange offers only token swaps and thus does not have leverage or margin trading.

**What Is DeepBook Protocol (DEEP)?** DeepBook is a cutting-edge decentralized central limit order book (CLOB) built on the Sui blockchain. It takes advantage of Sui’s parallel execution capabilities and low transaction fees to deliver a highly efficient, low-latency on-chain trading experience. DeepBook is designed to provide traders with the speed, scalability, and security needed for advanced financial markets. **DEEP** is the native utility token of the DeepBook ecosystem and is utilized for: •**Trading Fees**: Used to pay trading fees on DeepBook trading pairs. •**Rebates**: Offers permissionless rebates for high-volume traders, encouraging liquidity and activity. •**Governance**: Empowers token holders to influence critical protocol decisions, such as trading fee structures and pool staking requirements. **DeepBook Ecosystem Tools** 1.**TypeScript SDK**: Simplifies interaction with the DeepBook smart contracts, enabling developers to focus on building applications without worrying about underlying transaction complexities. 2.**DeepBook Indexer**: Provides real-time access to order book and trading data, aggregating and exposing key insights for developers, traders, and analysts. 3.**Visual Studio Code Move Analyzer**: Enhances contract debugging and development for builders working on the DeepBook Protocol. 4.**Sui Command Line Tools**: Enables developers to interact directly with DeepBook Protocol smart contracts, facilitating deep integration and testing. **How Many DEEP Tokens Are in Circulation?** DeepBook Protocol launched its mainnet on **October 14, 2024**, with a total supply of **10 billion DEEP tokens** created at genesis. •**Initial Circulation**: 25% of the total supply was unlocked at launch. •**Token Release Schedule**: The remaining tokens will be distributed over a **7-year vesting period**. •**Burn Mechanism**: A portion of trading fees paid in DEEP is burned after each epoch, introducing a deflationary mechanism to the tokenomics. **Where Can You Buy DEEP?** DEEP is available for trading on an increasing number of exchanges, including: **Centralized Exchanges (CEXs)**: • Bybit • KuCoin • Gate.io • MEXC **Decentralized Exchanges (DEXs)**: • DeepBook Protocol This growing availability ensures that traders and investors can access DEEP across multiple platforms, catering to both centralized and decentralized trading preferences.

Founded in 2018, Delta Exchange is a crypto derivatives exchange offering Futures, Perpetual Swaps and Options on Bitcoin and over 50 Altcoins with up to 100x leverage. Backed by some of the marquee investors & projects like CoinFund, Aave and Kyber Network; Delta aims to deliver the best trading experience with its robust trading engine and a wide range of derivatives products. Delta offers some of the most innovative derivatives products like Calendar Spreads, Interest Rate Swaps and Turbo options on Bitcoin. Delta has the cheapest volatility and tightest spreads in the Options category with well differentiated offering like: Straddles (MOVE), Call and Put Options & Turbo Options on these underlying: BTC, ETH, LINK, LTC, XRP, BNB, & BCH. Delta's Markets: - Futures: [https://www.delta.exchange/app/futures/markets](https://www.delta.exchange/app/futures/markets) - Options: [https://www.delta.exchange/app/options/markets](https://www.delta.exchange/app/options/markets) Connect with Delta: - Telegram: [https://t.me/deltaexchat](https://t.me/deltaexchat ) - Twitter: [https://twitter.com/Delta_Exchange](https://twitter.com/Delta_Exchange)

Deribit is a centralized, institutional-grade crypto derivatives exchange for options and futures trading based in Dubai, United Arab Emirates. Deribit's state-of-the-art infrastructure offers instantaneous price discovery, low-latency trading, advanced risk mitigation services, and deep liquidity via its network of top-tier market makers. Led by a team with decades of experience in options trading across all markets, Deribit facilitates a significant majority of all crypto options trading and has robust proof of assets and liabilities procedures to ensure the exchange is held to the highest of standards. Deribit is a subsidiary of Coinbase (NASDAQ: COIN), a publicly traded cryptocurrency platform founded in 2012. Coinbase is on a mission to increase economic freedom for more than 1 billion people.

Dexalot is a decentralized exchange that brings the look and feel of traditional centralized exchanges without compromising on decentralization and transparency. As such Dexalot implements an on-chain central limit order book for its trade pairs on its own chain and integrated with multiple other chains using their native token, $ALOT, as its gas token. TEAM: Cengiz Dincoglu - Co-Founder: 20 years of experience on Wall Street building trading systems for investment banks like JPMorgan and Morgan Stanley. Expert in trading system architectures. Competitive kite racer in international events. M. Nihat Gurmen, PhD - Co-Founder: 20 years of experience in Oil & Gas industry mostly with Schlumberger. Entrepreneurial spirit combined with a passion for technical innovation. 30+ technical papers and 3 patents in oil & gas, alcohol metabolism, altitude diving, and decompression sickness. Tim Shan - COO: Financial operations executive with 25+ years of experience on Wall Street. Former-COO of a discretionary macro fund with investments in FX, interest rates, commodities and equities. Expert in regulatory compliance and portfolio management technology. Jonathan Ackerman - CMO: 10 years Red Bull leading brand and culture marketing. 10 years as founder of music festival, building and managing the marketing, partnerships, and revenue teams. Marketing leader, cultural strategist, and brand visionary. FireStorm - Head of Strategy: Electronic trading expert (10+ years in top tier global banks) across FX and equities asset classes, focusing on algorithmic execution and automated market making. Former CEO of digital asset execution service firm and CSO of decentralized exchange focusing on security tokens.

Drift Protocol is a decentralized, fully on-chain perpetual swap exchange built on Solana. Drift Protocol is the first perpetual swap exchange to leverage a Dynamic AMM (DAMM). A Dynamic AMM is based on a virtual AMM (vAMM), but its key innovative is that it introduces repegging and adjustable k mechanisms to recalibrate liquidity in a trading pool based on participant demand. DAMMs, as a result, have the ability to be more flexible than traditional vAMMs and AMMs, which lead to better capital efficiency and reduced slippage.

## What Is the dYdX Chain? The dYdX Chain is a proof-of-stake blockchain network built using the Cosmos SDK and leveraging CometBFT for consensus. The dYdX Chain features; Enhanced speed and finality of trades with over [2000 tp/s](https://twitter.com/dYdX/status/1730279215944085883), full decentralization of the orderbook and matching engine, fully [open sourced](https://dydx.exchange/blog/dydx-chain-open-source-code) from the protocol to front end and an enhanced reward systems for users and community members alike. Rewards on the dYdX Chain comprise; (a) Trading Rewards in DYDX, (b) Staking Rewards predominantly in USDC and (c) an initial 6 Month Launch Incentive Program 20M USD in DYDX, proposed by Chaos Labs and approved by the community. If you want to read more about the dYdX Chain reward mechanisms read this [blog](https://www.dydx.foundation/blog/understanding-rewards-and-fees-on-the-dydx-chain). As a PoS blockchain the dYdX Chain requires a layer 1 token to secure and govern the network. The dYdX community [voted](https://snapshot.org/#/dydxgov.eth/proposal/0x17026e18317dc29fe745d3130246a83b1485612da9c97e7261e8f659cf33663c) to adopt DYDX as the L1 protocol token for the dYdX Chain on September 2, 2023. Holders of the DYDX token can use their tokens to run a Validator or stake their tokens to a Validator in order to participate in securing and governing the dYdX Chain network. ## Who Are the Founders of dYdX? [Antonio Juliano](https://www.linkedin.com/in/antoniojuliano/) — an experienced programmer with a background in blockchain technology is the founder and CEO of dYdX. Antonio first entered the crypto space in 2015 as a software engineer at [Coinbase](https://coinmarketcap.com/ru/exchanges/coinbase-exchange/) — a cryptocurrency exchange platform. As a Princeton University graduate with a degree in computer science, Antonio embarked on his entrepreneurial journey and founded dYdX in early 2017. ## Where Is dYdX Located? The headquarters of dYdX Trading Inc are located in New York. The dYdX Foundation, responsible for launching the DYDX token, is headquartered in Zug, Switzerland. Users can access the exchange from all over the globe, except from the following countries: Cuba, North Korea, Iran, Iraq, Burma, Libya, Mali, Democratic Republic of Congo, Cote D’ivoire and Nicaragua, Somalia, Sudan, Yemen, Syria, Zimbabwe, United Kingdom, Canada and any country that is currently being sanctioned by the U.S. Accessible countries can be frequently updated, refer to the dYdX [blog](https://dydx.exchange/blog#) for updates. ## What Coins Are Supported on dYdX? There are currently 33 active markets on the dYdX Chain, some of the most popular current markets are; Ethereum, Bitcoin, Solana, Polygon, Avalanche and Chainlink. View active markets [here](https://dydx.trade/#/markets). ## How Much Are dYdX Chain Fees? dYdX Chain has a different fee structure to v3 of the platform. For a detailed understanding and analysis of the fee differences read this [blog](https://dydx.exchange/blog/v4-rewards-and-parameters) ## Is It Possible To Leverage or Margin Trade on dYdX? At the time of writing, traders can go long or short with 20X leverage on dYdX Chain active markets. ## Migration of DYDX to the dYdX Chain On June 22, 2022, dYdX Trading Inc.(“dYdX Trading”) announced the next iteration of the dYdX protocol - the dYdX Chain Open Source Software. The dYdX Chain is a proof-of-stake blockchain network and, as such, it requires a Layer 1 (“L1”) protocol token for staking to validators in order to secure the chain and for stakers of the L1 token to govern the network. The [wethDYDX Smart Contract](https://etherscan.io/address/0x46b2deae6eff3011008ea27ea36b7c27255ddfa9) enables the migration of ethDYDX from Ethereum to the dYdX Chain. When interacted with, the wethDYDX Smart Contract would carry out the following functions in a fully permissionless and automated manner: Receive and permanently lock the ethDYDX tokens sent by the user to the wethDYDX Smart Contract; Send a wrapped version of the Ethereum-based DYDX token (“wethDYDX”) to the user on a 1-1 proportional basis on Ethereum; and dYdX Chain Validators can also read and ingest the information in the wethDYDX Smart Contract such that corresponding DYDX can be distributed to users by Validators on the dYdX Chain once there is confirmation that Step 1 above is complete and the ethDYDX is permanently locked in the wethDYDX Smart Contract. More information about the migration of ethDYDX from Ethereum to dYdX Chain is available [here](http://docs.dydx.community/dydx-token-migration/start-here/introduction).

edgeX is a permissionless liquidity network for tokenized assets and leveraged trading. The architecture rests on three core pillars. 1. The edgeX Exchange is a high-performance, decentralized trading platform—available via flagship mobile and web applications—that delivers simple and intuitive user experience for new entrants to DeFi. 2. edgeX eStrategy comprises on-chain asset-management vaults that bridge siloed liquidity between centralized finance (CeFi) and decentralized finance (DeFi), enhancing overall onchain capital efficiency. 3. edgeX Chain is an Ethereum Layer-2 tailored for high-throughput financial applications, providing the custom infrastructure required to bring traditional financial instruments on-chain. edgeX combines the efficiency and performance of CeFi with the security and transparency of DeFi, streamlining multi-chain and multi-protocol interactions through a unified user experience.

Fillx.io is a hybrid decentralized exchange combining the speed and liquidity benefits of centralized exchange infrastructure with the security and self-custody advantages of decentralized settlement, delivering an institutional-grade trading experience while preserving user autonomy over assets.

Overview of FIXT FIXT is a global cryptocurrency platform established in 2023, headquartered in Panama. This platform offers an innovative solution that integrates trading, exchanges, and blockchain-based financial services. Designed with a user-friendly interface, it allows users worldwide to easily access its services. Goals and Vision The primary goal of FIXT is to establish itself as a leading platform in technology, security, and customer service. To achieve this, FIXT leverages blockchain technology to enhance transaction transparency and security, prioritizing the safety of user assets. Legal Compliance and Trustworthiness FIXT strictly adheres to regulations in various countries, continuously striving to provide trustworthy services to its users. This commitment aims to create a secure and reliable trading environment for users. Diverse Product Offerings FIXT lists a range of cryptocurrency-based futures products, including APT, ATOM, AVAX, BTC, CHZ, DOGE, ETH, GMT, LINK, MATIC, SOL, SUI, and XRP. This variety provides users with high liquidity and various investment strategies, contributing to maintaining competitiveness in the cryptocurrency financial services sector. Technological Innovation and Customer Feedback FIXT is committed to continuous technological innovation and actively listens to customer feedback to provide an enhanced user experience. By offering multifaceted financial solutions to cryptocurrency users worldwide, the platform aims to lead the growth of the digital asset market.

Grvt is the preeminent DEX for onchain financial privacy that is powered by zero-knowledge technology, ensuring private, trustless, scalable and secure infrastructure.

What is Helix? Helix is one of the fastest-growing cryptocurrency decentralized exchanges. Helix is built on Injective, the first blockchain optimized for building decentralized finance applications. Helix is the only truly decentralized orderbook for trading unlimited cross-chain crypto assets and perpetual markets. Helix offers market leading rebates, decentralized stop-limit orders and on-chain order matching. Users are able to transparently trade assets with zero gas fees or slippage. Helix is powered by the interoperable Injective blockchain which can natively support a wide array of assets such as Cosmos, Ethereum, and Solana. Helix also features a simple portfolio to help organize and bridge assets via a host of crypto wallets, creating a seamless end-user experience for all traders. Who Are the Helix Founders? Helix is the first DeFi application built on Injective, supported by the Injective Labs team. Where Is Helix Located? Helix was developed by Injective Labs. As a decentralized finance (DeFi) protocol, Helix is available for use across most major countries. Helix is currently restricted for use in the United States. Helix Supported Coins List All major cryptocurrencies, ERC-20 tokens and decentralized perpetuals can be traded. In addition, Helix lists the most popular tokens before any other platform. At the time of writing, the list of token pairs includes Bitcoin, Ethereum, Injective, BNB, Atom, Solana, Persistence, Chainlink, Sommelier, Stride, GuildFi, Evmos, Canto, Osmosis, Bonk. How Much Are Helix Fees? Helix does not charge any deposit or withdrawal fees. In addition, no gas fees are charged. Helix currently offers negative maker fees for most major markets. Is It Possible To Use Leverage or Margin Trade on Helix? Helix offers leverage trading with up to 20X leverage depending on the market.

Hyperion is a high-performance platform powered by Aptos’ parallel execution engine. By combining swap aggregation, market-making (CLMM and the upcoming DLMM), and vault strategies into one seamless on-chain experience, Hyperion is building the unified liquidity and trading layer of Aptos.

NEAR Intents is a decentralized trading protocol developed on the NEAR blockchain that facilitates multichain spot trading through intent-based architecture. Rather than relying on centralized order books or custodial asset management, NEAR Intents enables users to express trade intentions that are fulfilled by market makers who provide liquidity. The protocol is designed to serve as an infrastructure layer for decentralized finance applications—referred to as distribution channels—that onboard users interested in spot trading. These applications integrate with NEAR Intents to access a growing ecosystem of liquidity providers and intent settlement tools, eliminating the need for direct exchange interfaces or asset custody. At the core of the system is a mechanism called Intent Settlement, which facilitates the execution of trades through a novel off-chain communication and on-chain validation process. When a user expresses an intent to trade, that intent is signed and routed via a Message Bus—an off-chain communication layer—to a network of participating market makers. These market makers respond with quotes and commit liquidity to execute the trade. Each distribution channel can operate its own Message Bus, maintaining autonomy while still participating in a shared settlement ecosystem. On-chain verification is handled by a Verifier smart contract deployed on NEAR mainnet. This component verifies that each proposed trade intent reflects a valid and permissioned state change—described in terms of diffs—across involved wallets and token balances. The Verifier ensures that token deltas net out to zero across all changes before committing the transaction on-chain, thereby maintaining the integrity of trades and preventing unbalanced settlement outcomes. To simplify adoption for applications, the protocol includes 1 Click, a swapping agent that abstracts the complexity of quoting and routing. This component enables distribution channels to offer token swaps with minimal integration effort, effectively turning any application into a decentralized trading interface backed by NEAR Intents. As a protocol, NEAR Intents does not hold user funds or operate as a traditional exchange. Instead, it facilitates peer-to-peer settlement between intent creators and liquidity providers, making it suitable for integration across wallets, aggregators, and DeFi platforms. Key components of the system include: * Distribution Channels: Front-end applications with user bases interested in spot trading. * Market Makers: Entities that deposit liquidity and fulfill user intents. * Message Bus: A decentralized message-passing system for quotes and commitments. * Verifier: A smart contract validating on-chain settlement outcomes. * 1 Click: A simplified agent for integrating intent-based swaps into apps. With its multichain design and focus on decentralization, NEAR Intents offers an alternative to centralized exchanges by enabling intent-based trading across diverse applications, while preserving user custody, transparency, and settlement finality.

O2: The Next Generation Onchain Spot Orderbook O2 is a fully onchain spot orderbook, engineered for high performance and an engaging trading experience. It offers a decentralized alternative that combines the best features of centralized and decentralized exchanges. Core Trading Features Fully Onchain and High Performance: O2 is a robust, onchain orderbook architected for speed, boasting lightning-fast execution. Cross-Network Support: It supports rapid deposits and withdrawals across both the Base and Ethereum networks right now with Solana in 2026. Competitive Fees: Traders benefit from ultra-low fees, featuring as low as 1bps for takers and 0 maker fees. CEX-like Feel, DEX Security: O2’s design is performant, giving a trader a CEX-like experience via either the UI or a performant API, all while maintaining the security of self-custody and almost free trading. Ecosystem & Programmatic Trading Programmatic Access: Supports programmatic trading with a robust API. Trading Bots: Provides off-the-shelf trading bots that are ready to be forked and deployed from day one. Trading Competitions: Users can participate in daily trading competitions that offer cash prizes. Vibrant Community: Engage with a strong trading ecosystem on the O2 Discord to collaboratively share and analyze trade ideas. Accessibility & Custody No KYC Required: Simply connect a compatible wallet—including Metamask, Kepler, Leap, wallet connect compatible, as well as Fuelet and fuel wallet—and begin trading instantly. Self-Custody: O2 operates on the principle of self-custody: "not your keys not your assets." Your funds remain under your control. Founding Philosophy O2 was founded by a decentralized community of traders, developers, and activists who sought to move beyond the "old gated system." It eliminates the overheads of trusting a centralized platform or sharing sensitive private information. Market coverage and the future O2 is continuing to onboard more markets on a weekly basis. Community members are encouraged to speak their minds and tell contributors what markets they want to see live and when. Cross margin support will be supported as well as high yielding vaults in 2026. Allowing users to take every market opportunity they identify or sit idle whilst receiving a nice yield.

Ondo Global Markets (Ondo GM) is a tokenization platform designed to provide onchain exposure to publicly traded securities. The platform will enable investors outside the US to gain exposure to thousands of US publicly traded securities, including stocks and ETFs. By providing tokenized exposure to these assets, Ondo Global Markets brings the transparency, efficiency, and accessibility enabled by blockchain technology to institutional-grade finance. Through its APIs and SDKs, the platform also empowers third-party developers to build innovative financial applications, making it a cornerstone for the next generation of financial services.

### What is ONUS? Launched in March 2020, ONUS is a comprehensive cryptocurrency investment ecosystem. After several years of development, ONUS has become one of the most widely used digital asset investment applications worldwide, boasting over 7 million users. It offers a complete suite of investment products, providing access to more than 900 assets across various categories. ONUS prioritizes accessibility for newcomers to the cryptocurrency market by creating user-friendly and secure digital financial investment solutions that are intuitive for everyone. ONUS was acquired and is now operated by Vemanti Group, Inc., which has taken full ownership to drive further expansion and integration into global financial services. ### How about ONUS Pro? ONUS Pro is fully developed by the ONUS team, adhering to the standards of top-tier derivatives exchanges. It operates under exchange licenses from Lithuania, the Czech Republic, and Poland, delivering four key advantages: * UI/UX Excellence: Guided by a user-centered approach, ONUS Pro ensures a seamless, stable, and intuitive trading experience for all users. * High Performance: The matching engine handles up to 300,000 transactions per second with latency under 0.5 second per order, positioning ONUS Pro as a contender for global leadership in the exchange space. * Abundant Liquidity: Through partnerships with leading providers, ONUS Pro maintains deep liquidity for traders, with plans for ongoing expansion. * Lowest Fees: Transaction fees range from just 0.01-0.04% (0.04% for market orders and 0.02% for limit orders), making it one of the most cost-effective exchanges available today.

## What Is OpenOcean? [OpenOcean](https://coinmarketcap.com/currencies/openocean/) is a [decentralized exchange](https://coinmarketcap.com/alexandria/glossary/decentralized-exchange-dex) (DEX) aggregator. It sources liquidity from different [DeFi](https://coinmarketcap.com/alexandria/glossary/defi) markets and facilitates [cross-chain](https://coinmarketcap.com/alexandria/glossary/cross-chain) swaps. Thanks to its routing algorithm, the aggregator finds the most attractive prices from various exchanges and provides traders with low [slippage](https://coinmarketcap.com/alexandria/glossary/slippage) and fast [settlement](https://coinmarketcap.com/alexandria/glossary/settlement). Since the aggregator is free of charge, users only pay the gas and exchange fees on the respective blockchains, though nothing to OpenOcean itself. The protocol collects data from major decentralized and [centralized exchanges](https://coinmarketcap.com/alexandria/glossary/centralized-exchange-cex). It also sources liquidity from [Ethereum](https://coinmarketcap.com/currencies/ethereum/) and [layer-two](https://coinmarketcap.com/alexandria/glossary/layer-2) solutions like [Arbitrum](https://coinmarketcap.com/alexandria/article/what-is-arbitrum-the-ultimate-guide-to-the-arbitrum-ecosystem) and [Optimism](https://coinmarketcap.com/alexandria/article/what-is-optimism-the-ultimate-guide-to-the-optimism-ecosystem), as well as other blockchains like [BNB Chain](https://coinmarketcap.com/currencies/binance-coin/), [Polygon](https://coinmarketcap.com/currencies/polygon/), [Avalanche](https://coinmarketcap.com/currencies/avalanche/), [Solana](https://coinmarketcap.com/currencies/solana/), and others. The protocol continues expanding to other chains to meet the needs of its community. Users can place [limit orders](https://coinmarketcap.com/alexandria/glossary/limit-order) and engage in [liquidity providing](https://coinmarketcap.com/alexandria/glossary/liquidity-provider-tokens-lp-tokens). Moreover, it aggregates [derivative](https://coinmarketcap.com/alexandria/glossary/derivative) products and aims to release its wealth management services. An API and [arbitrage](https://coinmarketcap.com/alexandria/glossary/arbitrage) tools serve for automated trading strategies. The exchange’s vision is to build a crypto-only trading aggregator with increased capital efficiency, connecting the currently fragmented DeFi and CeFi markets. This shall allow each investor (despite their size or affiliation) to trade at the best prices and apply their investment strategies across the cryptocurrency markets. A future SaaS tool will provide automated arbitrage strategies and grid trading across centralized and decentralized exchanges to achieve that goal. ## Who Are the OpenOcean Founders? The OpenOcean founders are anonymous and work according to the decentralized ethos of the exchange, which is open-source and has been [audited](https://coinmarketcap.com/alexandria/glossary/audit) by security firms like Certik. ## When Did OpenOcean Launch? OpenOcean launched in July 2021. ## Where Is OpenOcean Located? With no centralized leadership heading the project, there is no headquarter or central location from where the exchange operates. ## OpenOcean Restricted Countries At the time of writing, there is no information about restricted countries on this exchange. ## OpenOcean Supported Coins List OpenOcean has integrated more than 16 blockchains and includes [EVM](https://coinmarketcap.com/alexandria/glossary/ethereum-virtual-machine-evm)-compatible and non-EVM-compatible chains. It thus supports almost all relevant cryptocurrencies. ## How Much Are OpenOcean Fees? There are no fees on this exchange. Users only have to pay the gas fees and exchange fees from the different platforms used by the aggregator. For token swaps through the liquidity pools, a flat 0.2% fee is charged, with 0.15% going to liquidity providers and 0.05% to the treasury. ## Is It Possible To Use Leverage or Margin Trade on OpenOcean? OpenOcean does not offer [leverage](https://coinmarketcap.com/alexandria/glossary/leverage) or [margin trading](https://coinmarketcap.com/alexandria/glossary/margin-trading).

## What Is Orca? Orca touts itself as the "easiest, fastest, and most user-friendly cryptocurrency exchange on the Solana blockchain." Being one of the first automated [market makers](https://coinmarketcap.com/alexandria/article/what-are-automated-market-makers) (AMM) launched on [Solana](https://coinmarketcap.com/alexandria/article/solana), the decentralized exchange (DEX) maintains its own [liquidity pools](https://coinmarketcap.com/alexandria/glossary/liquidity-pool). It allows users to swap assets, participate in yield farming, and provide liquidity. The platform leverages Solana’s quick transactions and low fees. On one hand, users can perform low-fee token trades. On the other, they can provide [concentrated liquidity](https://coinmarketcap.com/alexandria/glossary/concentrated-liquidity) to the platform to earn a share of trading fees. ### Who Are the Founders of Orca? Orca was co-founded by Grace Kwan and Yutaro Mori. Kwan, aka "Ori," is the UX designer. She graduated from Stanford with a B.S. and M.S. in Computer Science before working as a software engineer at Coursera and a designer at IDEO. Yutaro is the brain behind Orca's core AMM. He has been active in the crypto space since 2017 at the Ethereum Foundation. He worked on the Eth2 Go client and Layer 2 solutions before making a foray into Solana. ### When Was Orca Launched? The project launched in February 2021 without external funding. In September 2021, the [total value locked](https://coinmarketcap.com/alexandria/glossary/total-value-locked-tvl) (TVL) on the protocol had exceeded $300 million, while its trade volume exceeded $700 million. ### Where Is Orca Located? The company is located in New York, United States. ### Orca Restricted Countries Although Orca’s "Terms of Use Agreement" did not explicitly name any country as restricted, the company advised users in areas prohibited by the applicable law to desist from using its platform. ### What Coins Are Supported on Orca? The DEX supports over 200 markets, with the most popular trading pairs being SOL/USDC, SOL/STSOL, and SOL/MSOL. ### How Much Are Orca Fees? Trading fees vary depending on the route the AMM uses. The fee structure on the platform is as follows: stable whirlpool – 0.01%, whirlpool – 0.2%, stable pool – 0.07%, and pool – 0.3%. A "double-hop trade" such as SOL to USDT to ETH would pay 0.3% to trade SOL to USDT and another 0.3% to trade USDT to ETH. ### Is it Possible To Use Leverage or Margin Trading on Orca? The decentralized trading platform does not support margin trading.

Orderly Network is an omnichain CLOB infrastructure.It’s the ultimate trading lego for seamless integration by any builder on any blockchain. Give your app the transparency and composability of DEXs, with the speed and performance of CEXs.

## What Is Osmosis? Osmosis is an advanced AMM protocol built using the [Cosmos SDK](https://coinmarketcap.com/alexandria/article/a-deep-dive-into-the-cosmos-network-and-the-cosmos-ecosystem) that will allow developers to design, build, and deploy their own customized AMMs. Heterogeneity and sovereignty are two core tenets of the Cosmos ecosystem, and Osmosis takes these two values and extends them into core characteristics of this AMM protocol. Rather than aim for a one-size-fits-all homogeneous approach for AMMs and its liquidity pools, Osmosis is designed such that the most efficient solution is reachable through the process of experimentation and rapid iteration by leveraging the wisdom of the crowd. It achieves this by offering deep customizability to AMM designers, and a governance mechanism by which each AMM pool’s stakeholders (i.e. liquidity providers) can govern and direct their pools. As a decentralized [P2P](https://coinmarketcap.com/alexandria/article/what-is-peer-to-peer-p2p) protocol, the platform is used for trading tokens and creating [liquidity](https://coinmarketcap.com/alexandria/glossary/liquidity). The project conducted an ICO in October 2021. The token sale led by Paradigm Ventures helped the company to raise $21 million. Osmosis takes two of the core tenets of the Cosmos ecosystem (heterogeneity and sovereignty) and extends them into the core features of its AMM protocol. As such, the protocol utilizes self-governing liquidity pools that allow users to vote on pool parameters and protocols, and provide liquidity, and stake. ### Who Are the Founders of Osmosis? The DEX was launched by Osmosis Labs, founded by Josh Lee and Sunny Aggarwal. A graduate of Anderson University, Lee was one of the founding employees of Block in Press, a leading Korean blockchain media outlet. Between 2018 and 2019, he worked as the project manager at Lunamint where he curated the first native crypto wallet within the Telegram messenger. He has also functioned as a development analyst at Tendermint. As for Aggarwal, he previously worked as a research scientist at Tendermint and is a core developer of the Cosmos SDK and Gaia blockchain. He is also the co-founder of Sikka, a company that works on DeFi protocols and networks. ### When Was Osmosis Launched? Osmosis launched in June 2021. ### Where Is Osmosis Located? The company has its headquarters in Singapore. ### Osmosis Restricted Countries At the time of writing, it is unable to confirm if users in some regions are restricted from using the platform. ### What Coins Are Supported on Osmosis? The DEX platform currently supports swaps between 56 tokens in the Cosmos ecosystem. ### How Much Are Osmosis Fees? Although swap fees range from 0.1% for direct route swaps to 0.5% for multi-hop Osmo route, most swaps are charged at 0.2% per pool, with a few variations. ### Is it Possible To Use Leverage or Margin Trading on Osmosis? The DEX does not support margin trading.

## What Is PancakeSwap Infinity CLAMM? PancakeSwap Infinity introduces advanced liquidity pool designs to maximize capital efficiency and improve trading experiences. The CLAMM (Concentrated Liquidity Automated Market Maker) allows liquidity providers to concentrate their funds within specific price ranges, rather than across the entire curve. This design delivers: Higher capital efficiency – LPs earn more with less capital. Reduced slippage – Traders benefit from tighter spreads. Dynamic management – Positions can be adjusted as prices move. CLAMM pools are ideal for providers seeking precision and efficiency, though they require active monitoring. Together with LBAMM (Liquidity Book AMM), PancakeSwap Infinity offers flexible options for different liquidity strategies, reinforcing PancakeSwap’s role as a leading DEX on BNB Smart Chain. ## Who Are the PancakeSwap (V2) Founders? The PancakeSwap (V2) founders are anonymous and head a two-dozen strong team of anonymous "Chefs" working in the exchange's "Kitchen." The exchange is open-source and has been [audited](https://coinmarketcap.com/alexandria/glossary/audit) by reputable security firms like Certik and Slowmist. ## When Did PancakeSwap (V2) Launch? PancakeSwap (V2) launched in September 2020. ## Where Is PancakeSwap (V2) Located? As it is a decentralized exchange, the team works remotely. However, according to Crunchbase, PancakeSwap has its headquarters in Fukuoka, Japan. ## PancakeSwap (V2) Restricted Countries There are no restricted countries or regions since the exchange is decentralized. However, the following countries and regions are geoblocked: Cuba, Iran, Zimbabwe, Iraq, Crimea, Syria, Sudan, Belarus and the Democratic Republic of Congo. ## PancakeSwap (V2) Supported Coins List All BEP-20 tokens can be traded, as well as several popular futures pairs, such as BTC/USDT, ETH/USDT, BNB/USDT, and all other big [layer-one blockchains](https://coinmarketcap.com/alexandria/glossary/layer-1-blockchain). ## How Much Are PancakeSwap (V2) Fees? At the time of writing, token swaps incur a 0.25% trading fee, with 0.17% returned to the liquidity pools as a fee reward, 0.03% sent to the treasury and 0.05% sent towards a buyback and burn program. ## Is It Possible To Use Leverage or Margin Trade on PancakeSwap (V2)? The perpetual futures exchange allows leverage of up to 150X on the biggest trading pairs and 50X on smaller trading pairs.

## What Is PancakeSwap (V2)? PancakeSwap (V2) is a popular [decentralized exchange](https://coinmarketcap.com/alexandria/glossary/decentralized-exchange-dex) (DEX) allowing [BEP-20 token](https://coinmarketcap.com/alexandria/glossary/bep-20) [swaps](https://coinmarketcap.com/alexandria/glossary/token-swap) on the [BNB Chain](https://coinmarketcap.com/currencies/bnb/). It is the biggest exchange of the [BNB Chain ecosystem](https://coinmarketcap.com/view/bnb-chain/) and one of the top DEXs by market share. The exchange employs an [automated market maker](https://coinmarketcap.com/alexandria/glossary/automated-market-maker-amm) (AMM) model, allowing users to trade against a [liquidity pool](https://coinmarketcap.com/alexandria/glossary/liquidity-pool). You can become a [liquidity provider](https://coinmarketcap.com/alexandria/glossary/liquidity-provider-tokens-lp-tokens) and receive LP tokens, which entitle users to a share of the exchange's trading fees. LP token holders can also engage in [yield farming](https://coinmarketcap.com/alexandria/glossary/yield-farming) to earn [CAKE](https://coinmarketcap.com/currencies/pancakeswap/), the exchange's [utility token](https://coinmarketcap.com/alexandria/glossary/utility-token). The token can be [staked](https://coinmarketcap.com/alexandria/glossary/staking) in so-called ‘Syrup Pools’ with flexible or fixed-term staking. Flexible staking allows users to unstake at any time, while fixed-term staking maximizes yield and locks up tokens for up to 52 weeks. Furthermore, PancakeSwap (V2) offers a lottery, where users can win prizes in CAKE. On the [NFT](https://coinmarketcap.com/alexandria/glossary/non-fungible-token) marketplace, collectibles can be traded, and with the NFT Profile System, users can set up personalized profiles. There is also a [perpetual](https://coinmarketcap.com/alexandria/glossary/perpetual-contracts) trading exchange, developed in partnership with ApolloX, that offers [futures](https://coinmarketcap.com/alexandria/glossary/futures) trading of several popular token pairs without an expiry date. Users can trade popular token pairs with leverage to enter a bigger position than their account balance. ## Who Are the PancakeSwap (V2) Founders? The PancakeSwap (V2) founders are anonymous and head a two-dozen strong team of anonymous "Chefs" working in the exchange's "Kitchen." The exchange is open-source and has been [audited](https://coinmarketcap.com/alexandria/glossary/audit) by reputable security firms like Certik and Slowmist. ## When Did PancakeSwap (V2) Launch? PancakeSwap (V2) launched in September 2020. ## Where Is PancakeSwap (V2) Located? As it is a decentralized exchange, the team works remotely. However, according to Crunchbase, PancakeSwap has its headquarters in Fukuoka, Japan. ## PancakeSwap (V2) Restricted Countries There are no restricted countries or regions since the exchange is decentralized. However, the following countries and regions are geoblocked: Cuba, Iran, Zimbabwe, Iraq, Crimea, Syria, Sudan, Belarus and the Democratic Republic of Congo. ## PancakeSwap (V2) Supported Coins List All BEP-20 tokens can be traded, as well as several popular futures pairs, such as BTC/USDT, ETH/USDT, BNB/USDT, and all other big [layer-one blockchains](https://coinmarketcap.com/alexandria/glossary/layer-1-blockchain). ## How Much Are PancakeSwap (V2) Fees? At the time of writing, token swaps incur a 0.25% trading fee, with 0.17% returned to the liquidity pools as a fee reward, 0.03% sent to the treasury and 0.05% sent towards a buyback and burn program. ## Is It Possible To Use Leverage or Margin Trade on PancakeSwap (V2)? The perpetual futures exchange allows leverage of up to 150X on the biggest trading pairs and 50X on smaller trading pairs.

## What is PayCash Swap? Launched in 2021, PayCash is a decentralized financial ecosystem implemented on the basis of smart contracts on the EOS blockchain. Unlike cryptocurrency exchanges, ecosystem users can directly interact with its smart contracts. A key feature of this ecosystem is the ability to use any cryptocurrency wallets or applications that can operate on the EOS blockchain. ## PayCash Swap launch chronology 2018 - the birth of an idea and concept; 2019 - 2020 - detailed development of the concept; 2020 - creation of the PayCash application and the website paycashswap.com; Q1 2021 - beta launch of the project; Q3 2021 - launch of the PayCash ecosystem. ## What is included in the PayCash Swap ecosystem? The infrastructure of the ecosystem includes crypto-wallets PayCash Wallet, Malinka Wallet, Kalyna Wallet, smart contracts responsible for the autonomous functioning of decentralized services, and native tokens. All crypto wallets in the ecosystem include a legacy function, which, after a user-defined period of inactivity, automatically distributes funds between successor wallets. For each native token, the inheritance function is configured separately. The ecosystem also implements a decentralized cryptocurrency exchange function, the logic of which is based on the AMM (automated market maker) model in one of 10 smart contracts. For secure communication and exchange of information between users, a crypto messenger is built into each crypto wallet in the ecosystem. Only the sender and recipient have access to the conversation, since access to the account is impossible without the private key. If a user deletes his account from the application or logs in from another device, then outgoing messages in the crypto chat are displayed in encrypted form. ## Native tokens There are several native tokens on the platform: Malinka token (MLNK) is a cryptocurrency received by users as a reward for adding liquidity for conversion or issuing USDCASH. A total of 26,250,000,000 Malinka tokens (MLNK) were issued on the EOS blockchain, of which 1,000,000,000 are the investment premine, which paid for the development of the infrastructure of the PayCashSwap service, 25,250,000,000 are distributed among users-liquidity providers and will be completed on August 29 2081. USDCASH stablecoin is a cryptocurrency that is fully pegged to the US dollar exchange rate. The USDCASH stablecoin is issued by a smart contract secured by liquidity (USDT - MLNK pair) contributed by the user to a special collateral pool. The multiple of the emission lot is 100 USDCASH. Stablecoin RUBLES is a cryptocurrency fully backed by fiat rubles. The collateral is fully deposited in commercial bank accounts.

Polkaswap is a non-custodial AMM DEX designed uniquely for the Polkadot ecosystem. Liquidity, security, convenience, and a user-friendly interface, where an immediate exchange of assets can take place.

## What Is QuickSwap? QuickSwap is a [decentralized exchange](https://coinmarketcap.com/alexandria/glossary/decentralized-exchange-dex) that runs on Polygon Network to offer cheaper and faster transactions. Its [automated market maker](https://coinmarketcap.com/alexandria/glossary/automated-market-maker-amm) integrates upgradeable [smart contracts](https://coinmarketcap.com/alexandria/glossary/smart-contract) on [Ethereum](https://coinmarketcap.com/currencies/ethereum/) and renders [intermediaries](https://coinmarketcap.com/alexandria/glossary/intermediary-middleman) obsolete. The exchange is based on open-source software and prioritizes decentralization, [censorship resistance](https://coinmarketcap.com/alexandria/glossary/censorship-resistance) and security. It benefits from ultra-low gas prices compared to Ethereum, as well as fast and simple trading execution. Anyone can become a [liquidity provider](https://coinmarketcap.com/alexandria/glossary/liquidity-provider-tokens-lp-tokens) by depositing two tokens into a [liquidity pool](https://coinmarketcap.com/alexandria/glossary/liquidity-pool). The exchange enables the trading of [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) tokens, which are traded according to the constant product formula. The mechanism removes the need for an [order book](https://coinmarketcap.com/alexandria/glossary/order-book) and allows traders to tap into a constant pool of liquidity. Liquidity providers can passively invest their assets to accumulate trading fees or provide liquidity as a hedge for certain trading strategies. Traders use tools like [token swaps](https://coinmarketcap.com/alexandria/glossary/token-swap) or can deploy arbitrage bots to compare prices across different exchanges. Finally, developers integrate the exchange with different liquidity aggregators or [wallets](https://coinmarketcap.com/alexandria/glossary/hot-wallet). ## Who Are the QuickSwap Founders? QuickSwap was founded by Roc Zacharias, who is also the CEO of Lunar Digital Assets, a blockchain marketing and consultancy firm that also acts as an advisor to the exchange. It is furthermore advised by the Matic Foundation, a governing body of the Polygon blockchain. ## When Did QuickSwap Launch? QuickSwap launched in May 2021 with over 96% of the tokens distributed to the community. It is now considered the main decentralized exchange for Polygon, a [layer-two](https://coinmarketcap.com/alexandria/glossary/layer-2) solution for Ethereum. ## Where Is QuickSwap Located? The exchange doesn’t provide any information about its headquarters. ## QuickSwap Restricted Countries At the time of writing, there is no information about restricted countries on this exchange. ## QuickSwap Supported Coins List QuickSwap supports all ERC-20 tokens deployed on Polygon, including wrapped tokens like [wrapped Bitcoin](https://coinmarketcap.com/alexandria/article/what-is-wrapped-bitcoin). ## How Much Are QuickSwap Fees? The exchange charges a 0.3% fee for swapping tokens, which is distributed among liquidity providers on a pro-rata basis. ## Is It Possible to Use Leverage or Margin Trade on QuickSwap? There is no margin or [leverage trading](https://coinmarketcap.com/alexandria/article/what-is-leverage-in-crypto-trading-and-how-to-use-it) option on this exchange.

## What Is QuickSwap? QuickSwap is a [decentralized exchange](https://coinmarketcap.com/alexandria/glossary/decentralized-exchange-dex) that runs on Polygon Network to offer cheaper and faster transactions. Its [automated market maker](https://coinmarketcap.com/alexandria/glossary/automated-market-maker-amm) integrates upgradeable [smart contracts](https://coinmarketcap.com/alexandria/glossary/smart-contract) on [Ethereum](https://coinmarketcap.com/currencies/ethereum/) and renders [intermediaries](https://coinmarketcap.com/alexandria/glossary/intermediary-middleman) obsolete. The exchange is based on open-source software and prioritizes decentralization, [censorship resistance](https://coinmarketcap.com/alexandria/glossary/censorship-resistance) and security. It benefits from ultra-low gas prices compared to Ethereum, as well as fast and simple trading execution. Anyone can become a [liquidity provider](https://coinmarketcap.com/alexandria/glossary/liquidity-provider-tokens-lp-tokens) by depositing two tokens into a [liquidity pool](https://coinmarketcap.com/alexandria/glossary/liquidity-pool). The exchange enables the trading of [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) tokens, which are traded according to the constant product formula. The mechanism removes the need for an [order book](https://coinmarketcap.com/alexandria/glossary/order-book) and allows traders to tap into a constant pool of liquidity. Liquidity providers can passively invest their assets to accumulate trading fees or provide liquidity as a hedge for certain trading strategies. Traders use tools like [token swaps](https://coinmarketcap.com/alexandria/glossary/token-swap) or can deploy arbitrage bots to compare prices across different exchanges. Finally, developers integrate the exchange with different liquidity aggregators or [wallets](https://coinmarketcap.com/alexandria/glossary/hot-wallet). ## Who Are the QuickSwap Founders? QuickSwap was founded by Roc Zacharias, who is also the CEO of Lunar Digital Assets, a blockchain marketing and consultancy firm that also acts as an advisor to the exchange. It is furthermore advised by the Matic Foundation, a governing body of the Polygon blockchain. ## When Did QuickSwap Launch? QuickSwap launched in May 2021 with over 96% of the tokens distributed to the community. It is now considered the main decentralized exchange for Polygon, a [layer-two](https://coinmarketcap.com/alexandria/glossary/layer-2) solution for Ethereum. ## Where Is QuickSwap Located? The exchange doesn’t provide any information about its headquarters. ## QuickSwap Restricted Countries At the time of writing, there is no information about restricted countries on this exchange. ## QuickSwap Supported Coins List QuickSwap supports all ERC-20 tokens deployed on Polygon, including wrapped tokens like [wrapped Bitcoin](https://coinmarketcap.com/alexandria/article/what-is-wrapped-bitcoin). ## How Much Are QuickSwap Fees? The exchange charges a 0.3% fee for swapping tokens, which is distributed among liquidity providers on a pro-rata basis. ## Is It Possible to Use Leverage or Margin Trade on QuickSwap? There is no margin or [leverage trading](https://coinmarketcap.com/alexandria/article/what-is-leverage-in-crypto-trading-and-how-to-use-it) option on this exchange.

Reactor DEX is a decentralized exchange protocol operating on the Fuel network. It functions as an automated market maker (AMM) that utilizes a concentrated liquidity model. In this model, liquidity providers can allocate their capital to custom price ranges. This approach is intended to increase capital efficiency compared to traditional AMMs that distribute liquidity across an unbounded price curve. The protocol is designed to leverage specific features of the Fuel network, primarily its capacity for parallel transaction execution and its low transaction fees. The integration with this network aims to allow for frequent liquidity adjustments by providers without prohibitive costs and to facilitate high transaction throughput. By concentrating liquidity and operating on a high-throughput network, Reactor DEX is structured to create markets with lower slippage for traders and more focused fee-earning potential for liquidity providers. More information is available at https://reactor.exchange/

Sologenic DEX is the popular decentralized exchange built on the XRP Ledger networks. Currently, there are over 2,000,000 views and 250,000 transactions on Sologenic DEX on weekly basis.

STON.fi is a decentralized automated market maker (AMM) built on the TON blockchain providing virtually zero fees, low slippage, an extremely easy interface, and direct integration with TON wallets. STON.fi was founded in 2022. It aims at building a user-friendly crypto exchange for mass-adoption through access to Telegram audience. Putting a high premium on the Community, STON.fi represents a DEX with a human face, providing users with fast support and taking into account their opinions. An architecture of TON blockchain with sharding allows STON.fi DEX users conduct millions of transactions per second. Starting Q4 2022 STON’s R&D is focusing on opportunity of creating trading future on asynchronous blockchains with all advantages of advanced TON blockchain sharding.

STON.fi is a decentralized automated market maker (AMM) built on the TON blockchain providing virtually zero fees, low slippage, an extremely easy interface, and direct integration with TON wallets. STON.fi was founded in 2022. It aims at building a user-friendly crypto exchange for mass-adoption through access to Telegram audience. Putting a high premium on the Community, STON.fi represents a DEX with a human face, providing users with fast support and taking into account their opinions. An architecture of TON blockchain with sharding allows STON.fi DEX users conduct millions of transactions per second. Starting Q4 2022 STON’s R&D is focusing on opportunity of creating trading future on asynchronous blockchains with all advantages of advanced TON blockchain sharding.

## What Is SUN.io? SUN.io has established a comprehensive DEX ecosystem on the TRON blockchain, offering a variety of trading protocols and a rich set of incentive mechanisms, including liquidity mining and staking rewards, to attract and reward traders. The platform enhances user experience by integrating token exchange and stablecoin exchange functionalities, while the destruction mechanism of its native token promotes the long-term value of the ecosystem. As an ecosystem governed by DAO, SUN.io provides a secure exchange environment for the market. Users can take advantage of stablecoin pools for low slippage stablecoin exchanges, enjoy more favorable trading costs, or participate in governance mining programs to earn more attractive liquidity mining rewards. Moreover, SUN.io empowers users to gain governance rights by staking native tokens, allowing them to increase their influence in platform governance through long-term lock-ups. This mechanism encourages users' long-term participation and commitment to the platform. SunSwap V2, as the core of the SUN.io ecosystem, adopts a proprietary algorithm-based Automated Market Maker (AMM) model. With a constant product mathematical formula, SunSwap V2 ensures constant liquidity for all trading pairs, providing a stable trading environment for traders. Liquidity providers can share in transaction fees by filling liquidity pools, and SunSwap V2's multi-token trading pool design meets the different needs of traders, adding flexibility and appeal to the platform. ## When Did SunSwap V2 Launch? After a comprehensive upgrade of the project and infrastructure improvements, SunSwap V2 was successfully launched in May 2021. ## Where Is SUN.io Located? As a decentralized exchange, SunSwap V2 allows team members to work remotely on a global scale. ## SUN.io Restricted Countries Please note that SunSwap V2 is currently not available for use in mainland China. ## SUN.io Supported Coins List It supports all TRC-20 tokens based on the TRON blockchain, providing users with a wide range of trading options. ## How Much Are SunSwap V2 Fees? A 0.3% transaction fee is required for transactions on SunSwap V2, of which 0.05% is specifically used to buy back and burn the SUN token, thereby enhancing the value of the token. ## Is It Possible To Use Leverage or Margin Trade on SUN.io? Currently, SUN.io does not offer margin or leverage trading services, focusing on its core decentralized trading functions.

SynFutures is a leading perp DEX that creates an open and trustless derivatives market by enabling trading on anything with a price feed anytime. SynFutures democratizes the derivatives market by employing an Amazon-like business model, giving users the tools to trade any assets freely and list arbitrary futures contracts within seconds. With its groundbreaking one-of-a-kind market-making model, Oyster AMM, SynFutures combines the best of the order book and AMM to maximize capital efficiency and appeal to a broad range of traders and investors. Deployed on multiple blockchains, SynFutures was named one of the largest derivative exchanges on Polygon and is among the top three most actively used decentralized derivative exchanges in Web3. Backers include Tier 1 Web3 institutional investors Pantera Capital, Polychain Capital, Susquehanna International Group (SIG), Dragonfly Capital, Standard Crypto, and Framework Ventures. Team members have extensive experience at global financial institutions, fintech companies, and blockchain technology companies, such as Alipay, Bitmain, Credit Suisse, Deutsche Bank, Matrixport, and Nomura Securities. SynFutures recently completed its Series B funding round, securing an additional $22 million and bringing heir total funding raised to $38 million. What is SynFutures V3? V3 is SynFutures’ most significant protocol update. Oyster AMM. Oyster AMM builds upon the foundational architecture established in previous versions of SynFutures while welcoming a variety of features catered to the needs of everyday traders and professional participants. Oyster AMM is designed to blend the simplicity of automated market-making harmoniously with the efficiency of order book models, creating a seamless experience for newcomers and seasoned professionals. Key Features of Oyster AMM: Single-Token Concentrated Liquidity for Derivatives: Oyster AMM facilitates liquidity concentration within specific price ranges and incorporates leverage to boost capital efficiency. Unlike spot market-focused liquidity models, it introduces a margin management and liquidation framework tailored for derivatives, using a single token to streamline the trading ecosystem. A Fully Onchain Order Book: While AMMs democratize market access, they demand significant liquidity for equivalent price impact compared to order book models. To address this, SynFutures V3 introduces an onchain order book model and its CL AMM, ensuring transparency, trustlessness, and anti-censorship, eliminating dependence on centralized administrators. A Single Model for Unified Liquidity: Oyster AMM integrates concentrated liquidity and order book into a single model, offering unified liquidity tailored to active traders and passive liquidity providers. This cohesive approach ensures efficient atomic transactions and avoids non-synchronization issues in dual-process execution systems. Stabilization Mechanism for User Protection: The Oyster AMM introduces advanced financial risk management mechanisms to enhance user protection and price stability. These mechanisms include a dynamic penalty fee system discouraging price manipulation and balancing the LP's risk-reward profile. Find out more about SynFutures at https://www.synfutures.com/

Founded in 2024, TGEX is a cutting-edge cryptocurrency exchange designed to provide a secure, user-friendly platform for trading a wide variety of digital assets. Our mission is to empower users by offering innovative trading solutions, advanced security measures, and exceptional customer support. At TGEX, we prioritize user experience and strive to create a seamless trading environment. Our platform features a robust trading engine, real-time market data, and a variety of trading pairs to cater to both novice and experienced traders. At TGEX, users can place orders with just one click through mobile app or Telegram bot, ensuring the fastest and most convenient trading experience. We are committed to transparency and compliance, ensuring that our users can trade with confidence. In addition to spot trading, we offer a range of services, including perpetual trading, trading on telegram bot , and educational resources to help our users make informed decisions. Our dedicated team is continuously working to enhance our platform and expand our offerings, making TGEX trusted destination for cryptocurrency trading.

## What is THORChain? THORChain is the first decentralized exchange (DEX) to swap Bitcoin, and other UTXO chains, with Ethereum, and other EVM chains. All without using wrapped tokens. Users can swap Bitcoin with any self-custody wallet in the world. THORChain uses an automated market maker (AMM) model with continuous liquidity pools (CLP) which results in constant liquidity thanks to the “constant product” formula. Traders are also able to enter limit orders, however the trades clear through the pools therefore limit orders on THORChain do not act like a traditional order book. ## Who is the Founder of THORChain? THORChain was originally developed by a group of anonymous developers. The most publicly associated individuals with founding the protocol are John-Paul Thorbjornsen (JP Thor) and Chad Barraford. ## When did THORChain Launch? The first public test net was launched in June 2020. In August 2020, Single Chain Chaos Net (SCCN) was launched. SCCN only had BNB Beacon Chain tokens available to swap. In April 2021, a beta version of the protocol launched, called Multi Chain Chaos Net (MCCN). It could swap BTC, ETH, BNB, BCH, and LTC. After a year’s worth of fixes, improvements, and stability, the development team announced Mainnet (alpha version) in June 2022. ## Where is THORChain Located? THORChain is decentralized. There is no head office or DAO. THORChain Restricted Countries THORChain is open source and permissionless. Anyone in the world can interact with the protocol. However, interfaces that offer access to THORChain may implement their own screening techniques. THORChain Supported Coins List THORChain currently supports swapping between 11 different blockchains. Assets available to swap on THORChain include the following: Bitcoin (BTC) Ethereum (ETH) Tether (USDT) BNB (BNB) XRPL (XRP) USDC (USDC) Tron (TRX) Dogecoin (DOGE) Bitcoin Cash (BCH) Wrapped Bitcoin (WBTC) Chainlink (LINK) Litecoin (LTC) Dai (DAI) Avalanche (AVAX) Aave (AAVE) Cosmos (ATOM) Base (BASE) ## How Much are THORChain Fees? The swap fees on THORChain are set by the node operators. The setting is in basis points (bps) under [L1SLIPMINBPS](https://thornode.ninerealms.com/thorchain/mimir). If L1SLIPMINBPS is set at 10, then the fee to swap on THORChain is 20 bps (0.2%). Because every swap on THORChain is actually two swaps between two different pools. For example, to swap BTC for ETH, BTC is sold into the pool for RUNE then RUNE is sold into the ETH pool, and ETH is sent to the user. The user does not have to own any RUNE to facilitate the transaction, the fees are deducted from the token being swapped. ## Is it Possible to use Leverage or Margin Trade on THORChain? Yes, on THORChain’s app layer developed by Rujira, it is possible to use leverage and margin trade.

Tokenlon is a decentralized exchange built on top of 0x protocol. It aims to provide a secure, reliable and seamless trading experience to the masses.

## What Is Uniswap (V2)? Uniswap is a [decentralized exchange](https://coinmarketcap.com/alexandria/glossary/decentralized-exchange-dex) (DEX) which first introduced the [automated market maker](https://coinmarketcap.com/alexandria/glossary/automated-market-maker-amm) (AMM) model. Unlike with an [order book](https://coinmarketcap.com/alexandria/glossary/order-book), traders are provided with constant liquidity thanks to the “constant product” formula. The V2 version was first based on [Ethereum](https://coinmarketcap.com/currencies/ethereum/), before branching out to other blockchains that support [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) tokens. While the V1 version of Uniswap only supported [swapping](https://coinmarketcap.com/alexandria/glossary/token-swap) ETH-ERC-20 token pairs, the V2 version did away with this bridging problem and introduced flash swaps. These allowed users to swap between different ERC-20 tokens without incurring too much [slippage](https://coinmarketcap.com/alexandria/glossary/slippage). It also introduced protocol fees, which contributed to the platform's ongoing development. Furthermore, the V2 version began using [wrapped Ether](https://coinmarketcap.com/alexandria/article/what-is-wrapped-ethereum-weth) over native Ether for its core contracts. The exchange’s popularity gave birth to a V3 version with concentrated liquidity and more flexible fees, which improved the user experience for traders and liquidity providers alike. ## Who Is the Founder of Uniswap (V2)? Hayden Adams, a former mechanical engineer at Siemens and Stony Brook University graduate, founded the platform in November 2018. The company behind the DEX raised a seed round from Paradigm and $11 million in a Series A round led by ​​Andreessen Horowitz. ## When Did Uniswap (V2) Launch? Uniswap’s V1 version was a proof-of-concept first launched in November 2018, and later improved with the introduction of the V2 version in August 2020. The V3 version in May 2021 marks the current final iteration of the exchange. ## Where Is Uniswap (V2) Located? Uniswap Labs, the company behind the decentralized exchange, is headquartered in New York City. ## Uniswap (V2) Restricted Countries As of July 2022, Uniswap has banned users from 10 countries that are sanctioned by the U.S. government, including Belarus, Cuba, Iran, North Korea, Syria, Côte d'Ivoire, Liberia, Sudan, Zimbabwe, Iraq and Iran. ## Uniswap (V2) Supported Coins List As a permissionless decentralized exchange, tokens can be freely listed by anyone providing liquidity to trade them. The most liquid tokens at the time of writing include stablecoins and wrapped tokens like [USDC](https://coinmarketcap.com/currencies/usd-coin/), [Wrapped BTC](https://coinmarketcap.com/currencies/wrapped-bitcoin/), [wETH](https://coinmarketcap.com/currencies/weth/) and [DAI](https://coinmarketcap.com/currencies/multi-collateral-dai/). ## How Much Are Uniswap (V2) Fees? The exchange’s V2 version charges 0.3% per token swap. 0.05% goes to the protocol and 0.25% is allocated to [liquidity providers](https://coinmarketcap.com/alexandria/glossary/liquidity-provider-tokens-lp-tokens). ## Is It Possible to Use Leverage or Margin Trade on Uniswap (V2)? Uniswap V2 does not offer leverage or margin trading.

## What Is Uniswap (V3) (Arbitrum)? [Uniswap](https://coinmarketcap.com/currencies/uniswap/) is a [decentralized exchange](https://coinmarketcap.com/alexandria/glossary/decentralized-exchange-dex) (DEX) that pioneered the [automated market maker](https://coinmarketcap.com/alexandria/glossary/automated-market-maker-amm) (AMM) model. The introduction of the AMM allowed users to trade against a [liquidity pool](https://coinmarketcap.com/alexandria/glossary/liquidity-pool) offering a constant source of liquidity with its product formula. The V3 version of the exchange presents services to [Ethereum](https://coinmarketcap.com/currencies/ethereum/) [layer-two](https://coinmarketcap.com/alexandria/glossary/layer-2) solutions. The AMM model premiered in the V1 version of the exchange, with the V2 version allowing trading between different [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) token pairs instead of [swaps](https://coinmarketcap.com/alexandria/glossary/token-swap) between [ETH](https://coinmarketcap.com/currencies/ethereum/) and ERC-20 tokens. The consequence was reduced [slippage](https://coinmarketcap.com/alexandria/glossary/slippage), benefiting the evolution of the exchange. Furthermore, it introduced protocol fees to continue development. In the V2 version, [wrapped Ether](https://coinmarketcap.com/alexandria/article/what-is-wrapped-ethereum-weth) instead of native Ether was available for the first time as liquidity for token pairs. Improvements in the V3 version include unique price curves for [liquidity providers](https://coinmarketcap.com/alexandria/glossary/liquidity-provider-tokens-lp-tokens), allowing them to centralize their capital at desired prices to improve capital efficiency. Another feature implies the automatic capital removal if prices change significantly and exceed the LP’s price range. The V3 is the first version available on [Arbitrum](https://coinmarketcap.com/alexandria/article/what-is-arbitrum-the-ultimate-guide-to-the-arbitrum-ecosystem), a scaling solution for Ethereum that opens up a more affordable trading experience thanks to its significantly lower trading fees. ## Who Is the Founder of Uniswap (V3) (Arbitrum)? Hayden Adams, a former mechanical engineer at Siemens and Stony Brook University graduate, founded the decentralized exchange in November 2018. Uniswap Labs, the development company behind the DEX, was financed by [crypto VC funds](https://coinmarketcap.com/alexandria/article/what-are-the-top-crypto-venture-capital-firms) like Paradigm in a Series A, raising $11 million in the round led by ​​Andreessen Horowitz. ## When Did Uniswap (V3) (Arbitrum) Launch? V1 launched in November 2018. The improved V2 version hit the market in August 2020. The V3 version launched in May 2021 on Ethereum and on August 31, 2022, on Arbitrum. ## Where Is Uniswap (V3) (Arbitrum) Located? The headquarters of Uniswap Labs are in New York City. ## Uniswap (V3) (Arbitrum) Restricted Countries Uniswap has officially restricted the following countries from using its services: Belarus, Cuba, Iran, North Korea, Syria, Côte d'Ivoire, Liberia, Sudan, Zimbabwe, Iraq, and Iran. ## Uniswap (V3) (Arbitrum) Supported Coins List Since this is a [permissionless](https://coinmarketcap.com/alexandria/glossary/permissionless) decentralized exchange, any user is free to list tokens and provide liquidity to facilitate trading. The most liquid tokens, at the time of writing, include [stablecoins](https://coinmarketcap.com/alexandria/glossary/stablecoin) and wrapped tokens like [USDC](https://coinmarketcap.com/currencies/usd-coin/), [Wrapped BTC](https://coinmarketcap.com/currencies/wrapped-bitcoin/), [wETH](https://coinmarketcap.com/currencies/weth/), and [DAI](https://coinmarketcap.com/currencies/multi-collateral-dai/). ## How Much Are Uniswap (V3) (Arbitrum) Fees? The V3 version has a flexible fee mechanism. Stablecoin trading pairs are the cheapest, with a 0.05% fee. Standard non-correlated pools like ETH carry a fee of 0.30%, with other pairs priced at a fee of 1%. There is no more protocol fee, although it can be turned on through [governance](https://coinmarketcap.com/alexandria/glossary/governance). ## Is It Possible to Use Leverage or Margin Trade on Uniswap (V3) (Arbitrum)? Uniswap V3 does not offer [leverage](https://coinmarketcap.com/alexandria/glossary/leverage) or [margin trading](https://coinmarketcap.com/alexandria/glossary/margin-trading).

## What Is Uniswap? Uniswap is one of the most popular cryptocurrency [decentralized exchanges](https://coinmarketcap.com/alexandria/glossary/decentralized-exchange-dex) (DEXs), launching in November 2018. It pioneered the [automated market maker](https://coinmarketcap.com/alexandria/glossary/automated-market-maker-amm) (AMM) model, instead of the traditional order book-based used by exchanges. Uniswap runs on the Ethereum blockchain and uses a number of [smart contracts](https://coinmarketcap.com/alexandria/glossary/smart-contract) to securely swap [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) tokens between users. The decentralized aspect of the protocol means that there is no single centralized authority that manages and runs the exchange — instead, swaps are done in a [peer-to-peer](https://coinmarketcap.com/alexandria/glossary/peer-to-peer-p2p) (P2P) manner. Moreover, Uniswap strives to solve the [liquidity](https://coinmarketcap.com/alexandria/glossary/liquidity) problem inherent in other exchanges. Uniswap V3 is the 3rd edition of the protocol fitted with updates to improve compensation and provide greater control and flexibility for individual LPs. Uniswap V3 supports over 46.5% of the total DEX trading volume and the protocol reached a cumulative lifetime trading volume of $1 trillion in May 2022. ## Who Is the Founder of Uniswap V3 Uniswap was founded by Hayden Adams, a graduate of Stony Brook University and a former mechanical engineer at Siemens. Inspired by a blog and Reddit post by Vitalik Buterin, Adams received a grant from the Ethereum Foundation and launched the protocol in November 2018. Uniswap Labs raised a seed round from Paradigm and, in August 2020, received $11 million in its Series A round led by ​​Andreessen Horowitz. Uniswap V3 launched in May of 2021, almost 2.5 years after the first version was released, and a year after Uniswap V2 was launched. ## Where Is Uniswap Located? The Uniswap protocol and Uniswap interface were developed by Uniswap Labs, which is located in New York City. As a[ decentralized finance](https://coinmarketcap.com/alexandria/glossary/defi) (DeFi) protocol, it can be used worldwide by anyone with internet access. However, there are some restrictions depending on what country you are from. As of July 2022, Uniswap has banned 10 countries from its protocol. The list of countries includes Belarus, Cuba, Iran, North Korea, Syria, Côte D'ivoire, Liberia, Sudan, Zimbabwe, Iraq and Iran. ## What Coins Can Be Traded on Uniswap? As a decentralized peer-to-peer protocol, anyone can list a token on Uniswap. The most popular trading pairs at the time of writing include [USDC](https://coinmarketcap.com/currencies/usd-coin/), [Wrapped BTC](https://coinmarketcap.com/currencies/wrapped-bitcoin/), [WETH](https://coinmarketcap.com/currencies/weth/) and [DAI](https://coinmarketcap.com/currencies/multi-collateral-dai/). ## How Much Are Uniswap V3 Fees? Uniswap V3 liquidity providers can initially create liquidity pools at three fee levels: 0.05%, 0.30% and 1%. More fee levels may be added through the UNI governance proposal. ## Is It Possible To Use Leverage or Margin Trading on Uniswap? Uniswap V3 does not offer leverage or margin trading directly on its platform.

## What Is Uniswap? Uniswap is one of the most popular cryptocurrency [decentralized exchanges](https://coinmarketcap.com/alexandria/glossary/decentralized-exchange-dex) (DEXs), launching in November 2018. It pioneered the [automated market maker](https://coinmarketcap.com/alexandria/glossary/automated-market-maker-amm) (AMM) model, instead of the traditional order book-based used by exchanges. Uniswap runs on the Ethereum blockchain and uses a number of [smart contracts](https://coinmarketcap.com/alexandria/glossary/smart-contract) to securely swap [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) tokens between users. The decentralized aspect of the protocol means that there is no single centralized authority that manages and runs the exchange — instead, swaps are done in a [peer-to-peer](https://coinmarketcap.com/alexandria/glossary/peer-to-peer-p2p) (P2P) manner. Moreover, Uniswap strives to solve the [liquidity](https://coinmarketcap.com/alexandria/glossary/liquidity) problem inherent in other exchanges. Uniswap V3 is the 3rd edition of the protocol fitted with updates to improve compensation and provide greater control and flexibility for individual LPs. Uniswap V3 supports over 46.5% of the total DEX trading volume and the protocol reached a cumulative lifetime trading volume of $1 trillion in May 2022. ## Who Is the Founder of Uniswap V3 Uniswap was founded by Hayden Adams, a graduate of Stony Brook University and a former mechanical engineer at Siemens. Inspired by a blog and Reddit post by Vitalik Buterin, Adams received a grant from the Ethereum Foundation and launched the protocol in November 2018. Uniswap Labs raised a seed round from Paradigm and, in August 2020, received $11 million in its Series A round led by ​​Andreessen Horowitz. Uniswap V3 launched in May of 2021, almost 2.5 years after the first version was released, and a year after Uniswap V2 was launched. ## Where Is Uniswap Located? The Uniswap protocol and Uniswap interface were developed by Uniswap Labs, which is located in New York City. As a[ decentralized finance](https://coinmarketcap.com/alexandria/glossary/defi) (DeFi) protocol, it can be used worldwide by anyone with internet access. However, there are some restrictions depending on what country you are from. As of July 2022, Uniswap has banned 10 countries from its protocol. The list of countries includes Belarus, Cuba, Iran, North Korea, Syria, Côte D'ivoire, Liberia, Sudan, Zimbabwe, Iraq and Iran. ## What Coins Can Be Traded on Uniswap? As a decentralized peer-to-peer protocol, anyone can list a token on Uniswap. The most popular trading pairs at the time of writing include [USDC](https://coinmarketcap.com/currencies/usd-coin/), [Wrapped BTC](https://coinmarketcap.com/currencies/wrapped-bitcoin/), [WETH](https://coinmarketcap.com/currencies/weth/) and [DAI](https://coinmarketcap.com/currencies/multi-collateral-dai/). ## How Much Are Uniswap V3 Fees? Uniswap V3 liquidity providers can initially create liquidity pools at three fee levels: 0.05%, 0.30% and 1%. More fee levels may be added through the UNI governance proposal. ## Is It Possible To Use Leverage or Margin Trading on Uniswap? Uniswap V3 does not offer leverage or margin trading directly on its platform.

## What Is Uniswap (V3) (Optimism)? Uniswap is the largest decentralized trading and automated market-making protocol on Ethereum. Uniswap (V3) (Optimism) is the third iteration of the decentralized cryptocurrency exchange ([DEX](https://coinmarketcap.com/alexandria/glossary/decentralized-exchange-dex)). The platform introduced the concept of [concentrated liquidity](https://coinmarketcap.com/alexandria/glossary/concentrated-liquidity), which improves the liquidity providing efficiency and makes it easier for some assets to gain exposure. Liquidity providers (LPs) can also choose where and how they allocate their funds. Notably, LPs can supposedly earn higher rewards on their capital by providing liquidity with up to 4000x capital efficiency relative to Uniswap v2. Although Uniswap V3 is an update to previous versions, users can still trade on [Uniswap V2](https://coinmarketcap.com/exchanges/uniswap-v2/). ### Who Are the Founders of Uniswap (V3) (Optimism)? The decentralized exchange was launched by Uniswap Labs, founded by Hayden Adams. Adams was an engineer at Siemens. He obtained a bachelor’s degree in mechanical engineering from Stony Brook University in 2016. After leaving Siemens in July 2017, he created the Uniswap protocol in October 2017. ### When Was Uniswap (V3) (Optimism) Launched? The Alpha launch of Uniswap v3 on the Optimism Ethereum mainnet was announced on July 13, 2021. ### Where Is Uniswap (V3) (Optimism) Located? The company has its headquarters in New York. ### Uniswap (V3) (Optimism) Restricted Countries The platform is restricted in countries subject to US sanctions, including Syria, Iran, and Belarus. ### What Coins Are Supported on Uniswap (V3) (Optimism)? Uniswap (V3) (Optimism) currently has 20 cryptocurrencies, zero fiat currencies, and 115 crypto trading pairs. ### How Much Are Uniswap (V3) (Optimism) Fees? The DEX has a multi-tier fee structure that compensates liquidity providers based on the risk level of their investment. There are three fee categories – 0.05%, 0.30%, and 1%. The fee is based on the volatility of the trading pair. For instance, non-correlated pairs may attract a fee of 0.3% or 1% because they are generally riskier. ### Is it Possible To Use Leverage or Margin Trading on Uniswap (V3) (Optimism)? Uniswap (V3) (Optimism) is primarily a DEX for swapping assets. As such, it does not support margin trading.

## What Is Uniswap (V3) Polygon? Uniswap is a [decentralized exchange](https://coinmarketcap.com/alexandria/glossary/decentralized-exchange-dex) (DEX) that introduced the [automated market maker](https://coinmarketcap.com/alexandria/glossary/automated-market-maker-amm) (AMM) model for the first time in the market. With this innovation, traders tap into a constant pool of liquidity and trade against an algorithm using a constant product formula. With its V3 version, the exchange branched out to blockchains other than [Ethereum](https://coinmarketcap.com/currencies/ethereum/) for the first time. After the introduction of the AMM model in V1, the V2 version allowed trading between different [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) token pairs instead of [swaps](https://coinmarketcap.com/alexandria/glossary/token-swap) between [ETH](https://coinmarketcap.com/currencies/ethereum/) and ERC-20 tokens. This reduced [slippage](https://coinmarketcap.com/alexandria/glossary/slippage) and introduced protocol fees to continue the exchange’s development. The V2 version also introduced [wrapped Ether](https://coinmarketcap.com/alexandria/article/what-is-wrapped-ethereum-weth) instead of native Ether as liquidity for token pairs. In the V3 version, [liquidity providers ](https://coinmarketcap.com/alexandria/glossary/liquidity-provider-tokens-lp-tokens)can build unique price curves and centralize their capital at desired prices to improve capital efficiency. It also activated automatic removal of capital if prices change significantly and exceed the LP’s price range. With the introduction of V3, Uniswap also launched on Polygon for the first time. Thanks to its lower gas fees, users can now access a much more affordable trading experience ## Who Is the Founder of Uniswap (V3) Polygon? The exchange was founded by Hayden Adams, a former mechanical engineer at Siemens and Stony Brook University graduate in November 2018. Uniswap Labs, the development company behind the exchange, raised a seed round from Paradigm and $11 million in a Series A round led by ​​Andreessen Horowitz. ## When Did Uniswap (V3) Polygon Launch? After the launch of the V1 version in November 2018 and the subsequent improvement with the V2 version in August 2020, the V3 version was launched in May 2021. However, the V3 version came out on Polygon only in November 2021. ## Where Is Uniswap (V3) Polygon Located? The headquarters of Uniswap Labs are in New York City. ## Uniswap (V3) Polygon Restricted Countries Uniswap has officially restricted the following countries from using its services: Belarus, Cuba, North Korea, Syria, Côte d'Ivoire, Liberia, Sudan, Zimbabwe, Iraq and Iran. ## Uniswap (V3) Polygon Supported Coins List As a [permissionless](https://coinmarketcap.com/alexandria/glossary/permissionless) decentralized exchange, tokens can be freely listed by anyone providing liquidity to trade them. The most liquid tokens, at the time of writing, include [stablecoins](https://coinmarketcap.com/alexandria/glossary/stablecoin) and wrapped tokens like [USDC](https://coinmarketcap.com/currencies/usd-coin/), [Wrapped BTC](https://coinmarketcap.com/currencies/wrapped-bitcoin/), [wETH](https://coinmarketcap.com/currencies/weth/) and [DAI](https://coinmarketcap.com/currencies/multi-collateral-dai/). ## How Much Are Uniswap (V3) Polygon Fees? The V3 version has a flexible fee mechanism. Stablecoin trading pairs have a fee of 0.05%, standard non-correlated pools like ETH and stablecoins have a fee of 0.3%, and other pairs have a fee of 1%. There is no more protocol fee, although it can be turned on through [governance](https://coinmarketcap.com/alexandria/glossary/governance). ## Is It Possible to Use Leverage or Margin Trade on Uniswap (V3) Polygon? Uniswap V3 does not offer leverage or margin trading.

Velodrome Finance is a next-generation AMM that combines the best of Curve, Convex and Uniswap, designed to serve as Optimism's central liquidity hub. Velodrome NFTs vote on token emissions and receive incentives and fees generated by the protocol.

Most crypto trading platforms force trade-offs between speed, custody, transparency, and market access. Centralized exchanges provide fast execution but require users to give up custody of their assets. Fully on-chain exchanges provide transparency and self-custody but often suffer from slower execution due to blockchain confirmation times. Yellow is designed to reduce these trade-offs by combining off-chain execution performance with on-chain asset custody, creating a trading environment that is continuous, low-latency, and rules-based. High-Speed Trading Infrastructure Yellow uses off-chain execution and clearing, allowing trades to be matched without waiting for blockchain confirmations. This enables: Fast order matching Immediate updates to the account ledger after trade execution Continuous market activity without block-time delays Under internal test conditions, Yellow’s matching engine can reference ~1 millisecond engine-level matching speed. This represents the internal matching capability of the engine and is not an end-to-end latency guarantee for all users. Self-Custody Through Smart Contracts User assets are held in smart contracts for deposits and withdrawals, ensuring that traders maintain control of their funds. When trading on Yellow: Assets remain locked in smart contracts The trading balance is updated in Yellow’s off-chain account ledger Trades update the ledger immediately after fills On-chain asset movement only occurs during deposit and withdrawal events, allowing trading to remain fast while maintaining self-custody. Aggregated Liquidity in One Interface Yellow aggregates liquidity from supported sources into a single trading interface. This provides traders with: One consolidated market view Access to multiple liquidity sources through a single order book The ability for orders to execute across multiple liquidity pools A single order may generate multiple fills across liquidity sources, with balances updated immediately in the trading ledger. Tools for Active and Professional Traders Yellow supports trading workflows commonly used by active market participants, including: Spot markets Perpetual contracts Advanced order controls such as post-only and reduce-only (where available) Perpetual markets operate with defined collateral requirements, margin parameters, and liquidation rules, designed to maintain market stability and risk management. Designed for Continuous Markets By combining off-chain performance, on-chain custody, and aggregated liquidity, Yellow aims to provide a trading platform where execution speed, asset control, and market access coexist without the traditional compromises seen across many existing crypto trading platforms.