Best of · Hyperliquid L1 · Updated
The best DEXes on Hyperliquid L1 in 2026
We track 30 DEXes that run on Hyperliquid L1 and have reviewed 13 of them in full. Our top pick is Uniswap V4. Each one is scored on security, ease of use, fees and features.
Ranked list
- 1
Uniswap V4
DEXes · Ethereum, Robinhood Chain, Base +19
Uniswap v4 is a multichain decentralized exchange for wallet-based token swaps, with customizable hooks and gas optimizations. Your costs and risks depend on the pool, chain and any hooks it uses.
ScoreScore 7.1 out of 10TVL $1.18B+1.9% - 2
WOOFi Swap
DEXes · Arbitrum, Optimism, Avalanche +13
WOOFi is a multichain DEX for swaps and cross-chain transfers, with separate earn, staking and perpetual-trading products. Check each quote and the risks of the route before approving a transaction.
ScoreScore 6.3 out of 10TVL $3.25M−5.2% - 3
Valantis STEX
DEXes · Hyperliquid L1
Valantis combines HYPE liquid staking with an AMM for staked assets and other Hyperliquid products. Its design is clear, but fees, withdrawal terms and the details behind its audits need checking before you commit funds.
ScoreScore 5.8 out of 10TVL $2.84M−13.8% - 4
Balancer V3
DEXes · Ethereum, Monad, Arbitrum +6
Balancer V3 is a decentralized exchange for swapping tokens and supplying liquidity to customizable pools. Pool fees vary, and you should verify the network, pool and contract risks before committing funds.
ScoreScore 5.7 out of 10TVL $11.2M−18.1% - 5
Dex
DEXes · Hyperliquid L1
DEX is a self-custodial trading app built around Hyperliquid, offering spot and perpetual markets plus advertised stock trading. Its fee, custody and safety details need closer checking before you connect a wallet or deposit.
ScoreScore 5.5 out of 10TVL — - 6
Kitten Swap
DEXes · Hyperliquid L1
KittenSwap is a ve(3,3) decentralized exchange on HyperEVM and Robinhood Chain. It offers swaps, liquidity pools and KITTEN-based voting, but check the fee terms, contract details and unusually high displayed APRs before committing funds.
ScoreScore 5.4 out of 10TVL — - 7
Kittenswap Algebra
DEXes · Hyperliquid L1, Robinhood Chain
KittenSwap is a ve(3,3) decentralized exchange on HyperEVM and Robinhood, with swaps, liquidity pools and KITTEN locking. Its rewards model is clear in outline, but costs and contract-security evidence need closer checking.
ScoreScore 5.2 out of 10TVL $1.90M−6.9% - 8
Kittenswap AMM
DEXes · Hyperliquid L1, Robinhood Chain
KittenSwap is a decentralized exchange and liquidity protocol for HyperEVM and Robinhood. You can swap tokens, provide liquidity, or lock KITTEN for voting and rewards, but fee schedules and detailed audit reports are hard to verify.
ScoreScore 5.2 out of 10TVL $772K−12.3% - 9
Kittenswap CL
DEXes · Hyperliquid L1
KittenSwap CL is a decentralized exchange for swapping tokens, providing liquidity and voting with KITTEN on HyperEVM and Robinhood. Its advertised returns come with meaningful token, liquidity and smart-contract risks.
ScoreScore 5.1 out of 10TVL $683K−9.9% - 10
Wombat Exchange
DEXes · BNB Chain, Arbitrum, Avalanche +7
Wombat Exchange is a wallet-connected, multi-chain DEX for token swaps, with single-sided liquidity and aggregator routing. Fees, audit details and the exact route available for your trade need checking before you swap.
ScoreScore 4.8 out of 10TVL $1.03M−0.4% - 11
Upheaval V3
DEXes · Hyperliquid L1
Upheaval V3 is a decentralized exchange for swaps and liquidity on the Hyperliquid ecosystem. Its fee schedule, contract audits and custody details are not published clearly enough to skip careful checks before connecting a wallet.
ScoreScore 4.5 out of 10TVL $374K−8.2% - 12
Project X
DEXes · Hyperliquid L1
Project X is a Hyperliquid-linked DEX that advertises 0% trading fees, but its contract, liquidity and all-in costs need checking before you trade.
ScoreScore 3.6 out of 10TVL $35.0M−2.7% - 13
Laminar
DEXes · Hyperliquid L1
Laminar has discontinued active DEX development. Its site directs liquidity providers to withdraw, so it is no longer a good choice for new swaps or liquidity deposits.
ScoreScore 2.8 out of 10TVL $100K−11.4% - 14
Hyperliquid Spot Orderbook
DEXes · Hyperliquid L1
Hyperliquid Spot Orderbook is an onchain spot-trading venue on Hyperliquid L1. The basic trading model is clear, but there is not enough detail to assess costs or safeguards fully.
ScoreNot rated yetTVL $136M−15.8% - 15
nest CL
DEXes · Hyperliquid L1
Nest Exchange is described as a Hyperliquid DEX for swaps and smart pools. Public details are too limited to assess its fees, safeguards or how to get started safely.
ScoreNot rated yetTVL $30.7M−0.6% - 16
HyperSwap V3
DEXes · Hyperliquid L1
HyperSwap V3 is a decentralized exchange for swaps and liquidity on Hyperliquid. Public details are too sparse to judge its fees, custody model or safety controls before you connect a wallet.
ScoreNot rated yetTVL $10.1M−12.8% - 17
HyperSwap V2
DEXes · Hyperliquid L1
HyperSwap V2 is a decentralized exchange for token swaps and liquidity management on Hyperliquid. Published details are too limited to assess its fees, security or wallet support.
ScoreNot rated yetTVL $6.07M−12.3% - 18
Hybra V4
DEXes · Hyperliquid L1
Hybra V4 is a concentrated-liquidity DEX on HyperEVM, but public details are too sparse to assess its trading costs, safety or setup.
ScoreNot rated yetTVL $828K+27.5% - 19
nest AMM
DEXes · Hyperliquid L1
Nest AMM is a Hyperliquid-focused DEX for swaps and smart pools. Key details about its fees, audits and how to use it remain unclear, so check them before connecting a wallet.
ScoreNot rated yetTVL $396K+0.1% - 20
BrownFi V3
DEXes · Robinhood Chain, Berachain, Hyperliquid L1 +2
BrownFi V3 is a multi-chain concentrated-liquidity DEX, but there is too little published detail to judge its costs or safety. Treat it cautiously until you can verify its contracts and fees.
ScoreNot rated yetTVL $237K+50.4% - 21
Hybra V3
DEXes · Hyperliquid L1, Robinhood Chain
Hybra V3 is a concentrated-liquidity DEX, but there is too little published detail to judge its fees, safety or how to use it confidently.
ScoreNot rated yetTVL $192K−12.2% - 22
Gaming DEX
DEXes · Oasys, Hyperliquid L1, MegaETH
Gaming DEX is described as DeFi infrastructure for token liquidity, but there is not enough public product detail to assess its fees, safeguards or user flow. Treat it as an early research lead, not a venue to use without checking its current documentation and contracts.
ScoreNot rated yetTVL $180K−4.6% - 23
Ultrasolid V3
DEXes · Hyperliquid L1
Ultrasolid V3 is a dexes project on Hyperliquid L1. Its team publishes little about how it works, what it costs or how funds are secured, so treat it with care.
ScoreNot rated yetTVL $162K−8.0% - 24
SpinUp DEX
DEXes · Hyperliquid L1
SpinUp DEX is a Hyperliquid meme-token hub, but key details about costs, token status and fund safety are unclear.
ScoreNot rated yetTVL $99.7K−11.9% - 25
ManaSwap
DEXes · Hyperliquid L1
ManaSwap is a dexes project on Hyperliquid L1. Its team publishes little about how it works, what it costs or how funds are secured, so treat it with care.
ScoreNot rated yetTVL $47.4K−11.4%
DEXes on Hyperliquid L1: the numbers
- Tracked
- 30
- Reviewed
- 30
- Total TVL
- $1.42B
- Avg. score
- 5.2/10
The SkyBitcoins index lists 30 DEXes on Hyperliquid L1. Every one of them has a full review. Across the 28 with TVL data, the combined value locked is $1.42B, counting value on every chain they support. Uniswap V4 dominates, with 83% of that total. The top five account for 98%, while the median DEX holds $396K.
By value locked, the largest DEXes on Hyperliquid L1 are Uniswap V4 ($1.18B), Hyperliquid Spot Orderbook ($136M) and Project X ($35.0M). On SkyBitcoins scores, Uniswap V4 ranks first at 7.1/10, ahead of WOOFi Swap (6.3) and Valantis STEX (5.8). That makes Uniswap V4 both the biggest and the best-rated. The 13 rated DEXes average 5.2/10, and none scores 8 or above yet.
Beyond Hyperliquid L1, these DEXes most often also run on Arbitrum (7), Robinhood Chain (6) and Base (6). Of the 28 with a confirmed status, 26 are active and 2 are inactive or wound down. In the past week, total value locked fell 0.7%. Uniswap V4 gained the most (+1.9%), while Balancer V3 dropped the most (−18.1%).
Largest by TVL
- 1
Uniswap V4$1.18B
- 2
Hyperliquid Spot Orderbook$136M
- 3
Project X$35.0M
- 4
nest CL$30.7M
- 5
Balancer V3$11.2M
Highest rated
- 1
- 2
WOOFi Swap6.3
- 3
Valantis STEX5.8
- 4
- 5
Dex5.5
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.
Guides
Related guides
Blockchain
How to Use Base: A Practical Guide for 2026Base is an Ethereum Layer 2 that lets you use compatible wallets and apps with ETH for gas. Learn how to set up a wallet, move funds, estimate costs and avoid common risks.
Frequently asked questions
What is the largest DEX on Hyperliquid L1 by TVL?
Uniswap V4 is the largest DEX on Hyperliquid L1 by total value locked, with $1.18B across all the chains it supports. It is followed by Hyperliquid Spot Orderbook ($136M) and Project X ($35.0M). TVL figures come from DefiLlama and change daily.
Which DEX on Hyperliquid L1 has the highest SkyBitcoins score?
Uniswap V4 has the highest score at 7.1/10, ahead of WOOFi Swap (6.3) and Valantis STEX (5.8). Scores weigh security, ease of use, fees and features, and are based only on facts we could verify.
How many DEXes on Hyperliquid L1 has SkyBitcoins reviewed?
SkyBitcoins tracks 30 DEXes on Hyperliquid L1. Of these, 30 have a full review and 28 report value locked, $1.42B in total, counting value on every chain they support.
Which DEXes on Hyperliquid L1 grew the most this week?
Among DEXes with at least $1M locked, Uniswap V4 had the biggest 7-day TVL gain (+1.9%) and Balancer V3 the biggest drop (−18.1%). Combined TVL moved −0.7% over the same seven days.
What is the average score for DEXes on Hyperliquid L1?
The 13 rated DEXes on Hyperliquid L1 average 5.2 out of 10. Of these, 0 score 8 or higher and 4 score below 5.