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Best of · Cardano · Updated

The best DEXes on Cardano in 2026

We track 18 DEXes that run on Cardano and have reviewed 6 of them in full. Our top pick is Minswap DEX. Each one is scored on security, ease of use, fees and features.

Ranked list

  1. 1
    Minswap DEX logo

    Minswap DEX

    DEXes · Cardano

    Minswap is a Cardano DEX for swapping tokens, providing liquidity and using MIN. It offers several ways to participate, but check the swap quote and understand smart-contract and token risks before connecting your wallet.

    Read the Minswap DEX reviewVisit Minswap DEX(opens in a new tab)
    ScoreScore 6.2 out of 10
    TVL $12.7M−8.1%
  2. 2
    SundaeSwap V2 logo

    SundaeSwap V2

    DEXes · Cardano

    SundaeSwap is a Cardano DEX for token swaps and liquidity provision. Its current homepage promotes V4, so check which version you’re using; fees and audit details need closer checking before you trade.

    Read the SundaeSwap V2 reviewVisit SundaeSwap V2(opens in a new tab)
    ScoreScore 6.2 out of 10
    TVL $427K−7.6%
  3. 3
    SundaeSwap V3 logo

    SundaeSwap V3

    DEXes · Cardano

    SundaeSwap is a Cardano DEX for token swaps and liquidity. Its current site promotes V4, so check which version you are using before approving a transaction.

    Read the SundaeSwap V3 reviewVisit SundaeSwap V3(opens in a new tab)
    ScoreScore 5.2 out of 10
    TVL $2.63M−4.8%
  4. 4

    Splash

    DEXes · Cardano

    Splash is a Cardano DEX focused on liquidity pools and automated, composable orders. Its features are clear, but costs, wallet support and important safety details need checking before you use it.

    Read the Splash review
    ScoreScore 5.0 out of 10
    TVL —
  5. 5
    WingRiders logo

    WingRiders

    DEXes · Cardano

    WingRiders is an automated market maker (AMM) decentralized exchange on Cardano, with WRT as its token. Its core purpose is clear, but published details on fees, supported wallets, custody and audit scope are too limited to judge how it compares with other DEXs.

    Read the WingRiders reviewVisit WingRiders(opens in a new tab)
    ScoreScore 4.0 out of 10
    TVL $994K−3.6%
  6. 6

    Genius Yield Official

    DEXes · Cardano

    Genius Yield is a Cardano DEX paired with automated liquidity management. Its documentation describes the product, but fees, audit status and custody details remain unclear.

    Read the Genius Yield Official review
    ScoreScore 4.0 out of 10
    TVL —
  7. 7
    Dano Finance logo

    Dano Finance

    DEXes · Cardano

    Dano Finance is identified as a Cardano DEX for Optim-issued bond tokens. Fees, custody and the steps to start are not clear enough to assess whether it is right for you.

    Read the Dano Finance reviewVisit Dano Finance(opens in a new tab)
    ScoreNot rated yet
    TVL $5.08M−3.5%
  8. 8
    CSWAP DEX logo

    CSWAP DEX

    DEXes · Cardano

    CSWAP DEX is identified as a Cardano DEX, but there is too little published detail to assess its fees, wallet support or safeguards. Check those before connecting a wallet or trading.

    Read the CSWAP DEX reviewVisit CSWAP DEX(opens in a new tab)
    ScoreNot rated yet
    TVL $497K+11.6%
  9. 9
    ErgoDEX logo

    ErgoDEX

    DEXes · Ergo, Cardano

    ErgoDEX is a dexes project on Ergo and Cardano that appears to be inactive. Check its current status before sending it any funds.

    Read the ErgoDEX review
    ScoreNot rated yet
    TVL $260K−27.2%
  10. 10
    Astarter AMM logo

    Astarter AMM

    DEXes · Cardano, BNB Chain

    Astarter AMM is a dexes project on Cardano and Bnb Chain. Its team publishes little about how it works, what it costs or how funds are secured, so treat it with care.

    Read the Astarter AMM reviewVisit Astarter AMM(opens in a new tab)
    ScoreNot rated yet
    TVL $27.4K−6.0%
  11. 11
    Saturn Swap logo

    Saturn Swap

    DEXes · Cardano

    Saturn’s documentation describes an order-book DEX for Rare Satoshis and Rings, while a DeFi listing identifies a Cardano DEX. Confirm the network and market before connecting a wallet.

    Read the Saturn Swap reviewVisit Saturn Swap(opens in a new tab)
    ScoreNot rated yet
    TVL $14.0K−9.7%
  12. 12
    Meowswap logo

    Meowswap

    DEXes · BNB Chain, Cardano

    Meowswap is a dexes project on Bnb Chain and Cardano. Its team publishes little about how it works, what it costs or how funds are secured, so treat it with care.

    Read the Meowswap reviewVisit Meowswap(opens in a new tab)
    ScoreNot rated yet
    TVL $1.92K−0.7%
  13. 13
    DeltaDeFi logo

    DeltaDeFi

    DEXes · Cardano

    DeltaDeFi is a dexes project on Cardano. Its team publishes little about how it works, what it costs or how funds are secured, so treat it with care.

    Read the DeltaDeFi reviewVisit DeltaDeFi(opens in a new tab)
    ScoreNot rated yet
    TVL $0
  14. 14

    Muesliswap

    DEXes · Cardano, Bitcoin Cash

    MuesliSwap is a decentralized exchange for Cardano, with Smart Bitcoin Cash support also reported. Key details about fees, custody and security remain unclear.

    Read the Muesliswap review
    ScoreNot rated yet
    TVL —
  15. 15
    Vyfinance logo

    Vyfinance

    DEXes · Cardano

    Vyfinance is a dexes project on Cardano. Its team publishes little about how it works, what it costs or how funds are secured, so treat it with care.

    Read the Vyfinance reviewVisit Vyfinance(opens in a new tab)
    ScoreNot rated yet
    TVL —
  16. 16

    Vyfinance

    DEXes · Cardano

    VyFinance is a Cardano DeFi protocol with a decentralized exchange and yield products. Public details here are too limited to assess its costs, safeguards or current usability.

    Read the Vyfinance review
    ScoreNot rated yet
    TVL —
  17. 17
    Meowswap logo

    Meowswap

    DEXes · Cardano

    Meowswap is a dexes project on Cardano. Its team publishes little about how it works, what it costs or how funds are secured, so treat it with care.

    Read the Meowswap reviewVisit Meowswap(opens in a new tab)
    ScoreNot rated yet
    TVL —
  18. 18
    TeddySwap logo

    TeddySwap

    DEXes · Cardano

    TeddySwap is presented as a Cardano DEX focused on stablecoin trading and liquidity provision. Its public information is too limited to confirm whether the exchange is live or what using it costs.

    Read the TeddySwap reviewVisit TeddySwap(opens in a new tab)
    ScoreNot rated yet
    TVL —

DEXes on Cardano: the numbers

Tracked
18
Reviewed
18
Total TVL
$22.6M
Avg. score
5.1/10

SkyBitcoins tracks 18 DEXes on Cardano. Every one of them has a full review. The 10 that report TVL hold $22.6M between them, counting value on every chain they support. Minswap DEX dominates, with 56% of that total. The top five account for 97%, while the median DEX holds $427K.

By value locked, the largest DEXes on Cardano are Minswap DEX ($12.7M), Dano Finance ($5.08M) and SundaeSwap V3 ($2.63M). The best-rated is Minswap DEX with 6.2/10, followed by SundaeSwap V2 (6.2) and SundaeSwap V3 (5.2). That makes Minswap DEX both the biggest and the best-rated. The 6 rated DEXes average 5.1/10, and none scores 8 or above yet.

Beyond Cardano, these DEXes most often also run on BNB Chain (2), Ergo (1) and Bitcoin Cash (1). Of the 12 with a confirmed status, 11 are active and 1 is inactive or wound down. In the past week, total value locked fell 6.4%. Minswap DEX dropped the most (−8.1%).

Largest by TVL

  1. 1Minswap DEX logoMinswap DEX$12.7M
  2. 2Dano Finance logoDano Finance$5.08M
  3. 3SundaeSwap V3 logoSundaeSwap V3$2.63M
  4. 4WingRiders logoWingRiders$994K
  5. 5CSWAP DEX logoCSWAP DEX$497K

Highest rated

  1. 1Minswap DEX logoMinswap DEX6.2
  2. 2SundaeSwap V2 logoSundaeSwap V26.2
  3. 3SundaeSwap V3 logoSundaeSwap V35.2
  4. 4Splash5.0
  5. 5WingRiders logoWingRiders4.0

Method

How we ranked them

Reviewed dApps come first. Each SkyBitcoins review scores security, ease of use, fees and features from 0 to 10 using public facts such as audits, documentation and on-chain data; the overall score orders the list, with total value locked as the tie-breaker. Projects we have not reviewed yet follow, ordered by total value locked. Scores are never sold.

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Frequently asked questions

What is the largest DEX on Cardano by TVL?

Minswap DEX is the largest DEX on Cardano by total value locked, with $12.7M across all the chains it supports. It is followed by Dano Finance ($5.08M) and SundaeSwap V3 ($2.63M). TVL figures come from DefiLlama and change daily.

Which DEX on Cardano has the highest SkyBitcoins score?

Minswap DEX has the highest score at 6.2/10, ahead of SundaeSwap V2 (6.2) and SundaeSwap V3 (5.2). Scores weigh security, ease of use, fees and features, and are based only on facts we could verify.

How many DEXes on Cardano has SkyBitcoins reviewed?

SkyBitcoins tracks 18 DEXes on Cardano. Of these, 18 have a full review and 10 report value locked, $22.6M in total, counting value on every chain they support.

Which DEXes on Cardano grew the most this week?

Among DEXes with at least $1M locked, Minswap DEX the biggest drop (−8.1%). Combined TVL moved −6.4% over the same seven days.

What is the average score for DEXes on Cardano?

The 6 rated DEXes on Cardano average 5.1 out of 10. Of these, 0 score 8 or higher and 2 score below 5.