Best of · Optimism · Updated Nov 8, 2026

The best DEXes on Optimism in 2026

We track 36 DEXes that run on Optimism and have reviewed 24 of them in full. Our top pick is Uniswap V2. Each one is scored on security, ease of use, fees and features.

1
Uniswap V2
DEXes · Ethereum, Base, Polygon +14
Uniswap V2 is a non-custodial automated market maker for token swaps and liquidity provision. Check the exact network, pool and swap costs before confirming a transaction.
Read the Uniswap V2 review Visit Uniswap V2(opens in a new tab)
ScoreScore 7.2 out of 10
TVL $865M−5.9%
2
Uniswap V3
DEXes · Ethereum, Base, Arbitrum +38
Uniswap V3 lets you swap tokens and provide liquidity through concentrated-liquidity pools. Check the pool fee, network gas and contract risks before you trade or deposit.
Read the Uniswap V3 review Visit Uniswap V3(opens in a new tab)
ScoreScore 7.1 out of 10
TVL $1.51B−2.5%
3
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.
Read the Uniswap V4 review Visit Uniswap V4(opens in a new tab)
ScoreScore 7.1 out of 10
TVL $1.18B+1.9%
4
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.
Read the WOOFi Swap review Visit WOOFi Swap(opens in a new tab)
ScoreScore 6.3 out of 10
TVL $3.25M−5.2%
5
SushiSwap
DEXes · Ethereum, Polygon, Arbitrum +32
SushiSwap is a multi-chain decentralized exchange for swapping tokens, including cross-chain trades. You can compare routes in its interface, but check the quoted fees, network costs and destination chain before approving a transaction.
Read the SushiSwap review Visit SushiSwap(opens in a new tab)
ScoreScore 6.2 out of 10
TVL $35.3M−2.2%
6
Beets DEX
DEXes · Sonic, Fantom, Optimism
Beets DEX combines token swaps and liquidity pools with Sonic liquid staking and BEETS-based governance. It may suit DeFi users comfortable checking pool fees and smart-contract risks before connecting a wallet.
Read the Beets DEX review Visit Beets DEX(opens in a new tab)
ScoreScore 6.2 out of 10
TVL $1.18M−6.0%
7
KyberSwap Classic
DEXes · Ethereum, Polygon, Avalanche +12
KyberSwap Classic is a non-custodial, multichain swap and liquidity platform. It offers a broad set of chains, but check the route, fees and contract risks before trading or supplying liquidity.
Read the KyberSwap Classic review Visit KyberSwap Classic(opens in a new tab)
ScoreScore 6.2 out of 10
TVL $1.01M−1.3%
8
SushiSwap V3
DEXes · Ethereum, Katana, Robinhood Chain +27
SushiSwap V3 is a multi-chain decentralized exchange for wallet-based token swaps and concentrated-liquidity positions. You can see fee and network-cost fields before trading, but check the selected route, chain and final costs before confirming.
Read the SushiSwap V3 review Visit SushiSwap V3(opens in a new tab)
ScoreScore 5.8 out of 10
TVL $39.4M+3.7%
9
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.
Read the Balancer V3 review Visit Balancer V3(opens in a new tab)
ScoreScore 5.7 out of 10
TVL $11.2M−18.1%
10
Frax Swap
DEXes · Fraxtal, Ethereum, BNB Chain +7
Frax Swap is a multi-chain automated market maker with a feature for splitting large trades over time. Its swap fees and audit details need checking before you trade.
Read the Frax Swap review Visit Frax Swap(opens in a new tab)
ScoreScore 5.5 out of 10
TVL $8.05M−3.0%
11
Velodrome V3
DEXes · Ink, Optimism, Fraxtal +7
Velodrome V3 is a decentralized exchange with several pool types and support across multiple chains. Check the pool’s fees, network and contract details before swapping or providing liquidity.
Read the Velodrome V3 review Visit Velodrome V3(opens in a new tab)
ScoreScore 5.5 out of 10
TVL $5.43M−7.4%
12
Clipper
DEXes · Ethereum, Base, Optimism +5
Clipper is a multi-chain DEX designed to offer competitive prices on smaller trades. Its fee details and audit scope are unclear, so compare quotes and check the contracts before swapping or providing liquidity.
Read the Clipper review Visit Clipper(opens in a new tab)
ScoreScore 5.5 out of 10
TVL $752K−0.6%
13
Balanced Exchange
DEXes · Avalanche, Solana, Arbitrum +8
Balanced is a cross-chain DeFi app for swaps, liquidity, borrowing and bnUSD savings. Its main drawback for a cautious user is that fees and audit details are not clear.
Read the Balanced Exchange review Visit Balanced Exchange(opens in a new tab)
ScoreScore 5.2 out of 10
TVL $1.98M−0.1%
14
Swaap Maker V2
DEXes · Polygon, Arbitrum, Ethereum +8
Swaap Maker V2 is an algorithmic automated market maker for onchain trading and liquidity provision. Its research-led approach is clear, but pool fees, current liquidity and audit details need checking before you use it.
Read the Swaap Maker V2 review Visit Swaap Maker V2(opens in a new tab)
ScoreScore 5.1 out of 10
TVL $43.2K−90.2%
15
Velodrome V2
DEXes · Optimism, Ink, BOB +8
Velodrome V2 is an active AMM-style DEX positioned as a liquidity hub for Optimism, with listings across several other chains. Fees, wallet support and audit details are not published here, so verify the network and transaction costs before using it.
Read the Velodrome V2 review Visit Velodrome V2(opens in a new tab)
ScoreScore 4.8 out of 10
TVL $4.71M−7.0%
16
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.
Read the Wombat Exchange review Visit Wombat Exchange(opens in a new tab)
ScoreScore 4.8 out of 10
TVL $1.03M−0.4%
17
Rubicon
DEXes · Optimism, Base, Ethereum +1
Rubicon is a DEX for trading and swapping across four networks. Its fees, audit details and trading mechanics need closer checking before you connect a wallet or trade.
Read the Rubicon review Visit Rubicon(opens in a new tab)
ScoreScore 4.8 out of 10
TVL $258K+0.3%
18
TanX.fi
DEXes · Ethereum, Arbitrum, Linea +5
TanX.fi is a multi-network, order-book DEX aimed at traders and institutions. It advertises self-custody and gasless trades, but publishes little detail about fees, audits or how trading is settled.
Read the TanX.fi review Visit TanX.fi(opens in a new tab)
ScoreScore 4.6 out of 10
TVL $256K−0.9%
19
Velodrome V1
DEXes · Optimism
Velodrome V1 is an automated market maker for swapping tokens on Optimism. Its fee schedule and version-specific details are unclear, and the token label conflicts between AERO and VELO.
Read the Velodrome V1 review Visit Velodrome V1(opens in a new tab)
ScoreScore 4.5 out of 10
TVL $286K−1.8%
20
KyberSwap Elastic
DEXes · Linea, Scroll, Arbitrum +8
KyberSwap Elastic combines token swaps with concentrated-liquidity pools, but its 2023 exploit is a serious reason to be cautious. Check current contract and pool details before connecting a wallet or adding funds.
Read the KyberSwap Elastic review Visit KyberSwap Elastic(opens in a new tab)
ScoreScore 4.5 out of 10
TVL $117K−4.7%
21
RadioShack
DEXes · BNB Chain, Avalanche, Polygon +5
RadioShack is a multi-chain decentralized exchange fork, but key details such as its swap fees, custody design and audit findings are not published.
Read the RadioShack review Visit RadioShack(opens in a new tab)
ScoreScore 4.0 out of 10
TVL $466K−1.4%
22
Rifex
DEXes · Ethereum, BNB Chain, Base +3
Rifex presents a multi-chain swap and bridge app, with token buying and binary price predictions. Its fees, security reviews and operating details are not published, so verify the costs and risks before connecting a wallet.
Read the Rifex review Visit Rifex(opens in a new tab)
ScoreScore 4.0 out of 10
TVL —
23
Saddle Finance
DEXes · Ethereum, Arbitrum, Optimism +4
Saddle Finance is a pegged-asset AMM, but a major 2022 exploit and a reported 2023 wind-down plan make its current status uncertain. Treat it as a research project, not a place to deposit until you verify it is operating safely.
Read the Saddle Finance review Visit Saddle Finance(opens in a new tab)
ScoreScore 2.0 out of 10
TVL $903K−1.6%
24
Bunni
DEXes · Ethereum, Arbitrum, Optimism +3
Bunni was a multi-chain DEX, but it shut down in October 2025 after an $8.4 million exploit. Don’t treat it as an active place to trade or deposit.
Read the Bunni review
ScoreScore 0.5 out of 10
TVL —
25
Gyroscope Protocol
DEXes · Sonic, Optimism, Polygon +7
Gyroscope is a DeFi stablecoin protocol built around GYD and liquidity pools. Check current app support, transaction costs and audit findings before using it; those details are not clear.
Read the Gyroscope Protocol review Visit Gyroscope Protocol(opens in a new tab)
ScoreNot rated yet
TVL $417K+5.4%

DEXes on Optimism: the numbers

Tracked: 36
Reviewed: 36
Total TVL: $3.67B
Avg. score: 5.1/10

The SkyBitcoins index lists 36 DEXes on Optimism. Every one of them has a full review. The 29 that report TVL hold $3.67B between them, counting value on every chain they support. Uniswap V3 is the clear leader, holding 41% of it. The top five account for 99%, while the median DEX holds $903K.

By value locked, the largest DEXes on Optimism are Uniswap V3 ($1.51B), Uniswap V4 ($1.18B) and Uniswap V2 ($865M). The best-rated is Uniswap V2 with 7.2/10, followed by Uniswap V3 (7.1) and Uniswap V4 (7.1). The 24 rated DEXes average 5.1/10, and none scores 8 or above yet.

Beyond Optimism, these DEXes most often also run on Arbitrum (25), Ethereum (23) and Polygon (20). Of the 27 with a confirmed status, 25 are active and 2 are inactive or wound down. Over the last seven days, combined TVL fell 2.0%. SushiSwap V3 gained the most (+3.7%), while Balancer V3 dropped the most (−18.1%).

Largest by TVL

1Uniswap V3$1.51B
2Uniswap V4$1.18B
3Uniswap V2$865M
4SushiSwap V3$39.4M
5SushiSwap$35.3M

Highest rated

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

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Frequently asked questions

What is the largest DEX on Optimism by TVL?

Uniswap V3 is the largest DEX on Optimism by total value locked, with $1.51B across all the chains it supports. It is followed by Uniswap V4 ($1.18B) and Uniswap V2 ($865M). TVL figures come from DefiLlama and change daily.

Which DEX on Optimism has the highest SkyBitcoins score?

Uniswap V2 has the highest score at 7.2/10, ahead of Uniswap V3 (7.1) and Uniswap V4 (7.1). Scores weigh security, ease of use, fees and features, and are based only on facts we could verify.

How many DEXes on Optimism has SkyBitcoins reviewed?

SkyBitcoins tracks 36 DEXes on Optimism. Of these, 36 have a full review and 29 report value locked, $3.67B in total, counting value on every chain they support.

Which DEXes on Optimism grew the most this week?

Among DEXes with at least $1M locked, SushiSwap V3 had the biggest 7-day TVL gain (+3.7%) and Balancer V3 the biggest drop (−18.1%). Combined TVL moved −2.0% over the same seven days.

What is the average score for DEXes on Optimism?

The 24 rated DEXes on Optimism average 5.1 out of 10. Of these, 0 score 8 or higher and 10 score below 5.

Ranked list