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Best of · Flow · Updated

The best DEXes on Flow in 2026

We track 7 DEXes that run on Flow and have reviewed 3 of them in full. Our top pick is KittyPunch PunchSwap V3. Each one is scored on security, ease of use, fees and features.

Ranked list

  1. 1

    KittyPunch PunchSwap V3 is a Flow-based decentralized exchange with a wallet-connected swap interface. You can use it to trade tokens, but check the route, transaction details and contract risk before approving a swap.

    ScoreScore 4.5 out of 10
    TVL $22.6K−9.6%
  2. 2
    KittyPunch StableKitty logo

    KittyPunch StableKitty is an early-beta DEX on Flow for stable swaps and liquidity pools. Its pool options are described, but fees, audits and the risks of providing liquidity need closer scrutiny.

    ScoreScore 3.5 out of 10
    TVL $790K−54.2%
  3. 3
    KittyPunch PunchSwap logo

    PunchSwap is a Flow-based DEX with a smart router and several other DeFi tools. Its published swap fees, supported wallets, and security details are unclear, so check the quote and wallet prompts carefully before trading.

    ScoreScore 3.5 out of 10
    TVL $379K−6.7%
  4. 4
    FlowSwap V3 logo

    FlowSwap V3

    DEXes · Flow

    FlowSwap V3 is a dexes project on Flow. Its team publishes little about how it works, what it costs or how funds are secured, so treat it with care.

    ScoreNot rated yet
    TVL $3.58M−4.6%
  5. 5
    Increment Swap logo

    Increment Swap

    DEXes · Flow

    Increment Swap is a permissionless CPAMM DEX on Flow. The basic product is identifiable, but key details such as trading fees and audit scope are not clear enough for a full review.

    ScoreNot rated yet
    TVL $1.09M−7.3%
  6. 6
    Trado Spot logo

    Trado Spot

    DEXes · Flow

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

    ScoreNot rated yet
    TVL $19.8K−8.0%
  7. 7
    Increment logo

    Increment

    DEXes · Flow

    Increment is a Flow-based DeFi project with a live points program; its documentation also refers to using supplied funds as collateral to borrow tokens. Public details are too limited to assess costs or safety, so verify those before connecting a wallet.

    ScoreNot rated yet
    TVL —

DEXes on Flow: the numbers

Tracked
7
Reviewed
7
Total TVL
$5.89M
Avg. score
3.8/10

SkyBitcoins tracks 7 DEXes on Flow. Every one of them has a full review. Across the 6 with TVL data, the combined value locked is $5.89M, counting value on every chain they support. FlowSwap V3 dominates, with 61% of that total. The top five account for 100%, while the median DEX holds $379K.

Ranked by TVL, FlowSwap V3 ($3.58M), Increment Swap ($1.09M) and KittyPunch StableKitty ($790K) lead the field. The best-rated is KittyPunch PunchSwap V3 with 4.5/10, followed by KittyPunch StableKitty (3.5) and KittyPunch PunchSwap (3.5). The 3 rated DEXes average 3.8/10, and none scores 8 or above yet.

All 6 with a confirmed status are active. In the past week, total value locked fell 17.2%. Increment Swap dropped the most (−7.3%).

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 Flow by TVL?

FlowSwap V3 is the largest DEX on Flow by total value locked, with $3.58M across all the chains it supports. It is followed by Increment Swap ($1.09M) and KittyPunch StableKitty ($790K). TVL figures come from DefiLlama and change daily.

Which DEX on Flow has the highest SkyBitcoins score?

KittyPunch PunchSwap V3 has the highest score at 4.5/10, ahead of KittyPunch StableKitty (3.5) and KittyPunch PunchSwap (3.5). Scores weigh security, ease of use, fees and features, and are based only on facts we could verify.

How many DEXes on Flow has SkyBitcoins reviewed?

SkyBitcoins tracks 7 DEXes on Flow. Of these, 7 have a full review and 6 report value locked, $5.89M in total, counting value on every chain they support.

Which DEXes on Flow grew the most this week?

Among DEXes with at least $1M locked, Increment Swap the biggest drop (−7.3%). Combined TVL moved −17.2% over the same seven days.

What is the average score for DEXes on Flow?

The 3 rated DEXes on Flow average 3.8 out of 10. Of these, 0 score 8 or higher and 3 score below 5.