Best of · Tezos · Updated Nov 8, 2026

The best DEXes on Tezos in 2026

We track 9 DEXes that run on Tezos and have reviewed 6 of them in full. Our top pick is QuipuSwap V3. Each one is scored on security, ease of use, fees and features.

1
QuipuSwap V3
DEXes · Tezos
QuipuSwap V3 is a Tezos decentralized exchange for swapping tokens and supplying liquidity. Its audit history offers some reassurance, but published details on fees, wallet support and audit scope are limited.
Read the QuipuSwap V3 review Visit QuipuSwap V3(opens in a new tab)
ScoreScore 5.2 out of 10
TVL $195K+18.6%
2
QuipuSwap V2
DEXes · Tezos
QuipuSwap V2 is a decentralized exchange for swapping tokens on Tezos. Check the pool’s liquidity and the transaction costs before swapping; its exact fees and supported wallets are not published.
Read the QuipuSwap V2 review Visit QuipuSwap V2(opens in a new tab)
ScoreScore 5.2 out of 10
TVL $52.6K+1.1%
3
Sirius
DEXes · Tezos
Sirius gives you a way to participate in Tezos Liquidity Baking through SIRS, but pool exposure brings impermanent-loss risk and key details such as fees and redemption terms are not published.
Read the Sirius review Visit Sirius(opens in a new tab)
ScoreScore 5.1 out of 10
TVL $1.75M+1.3%
4
SpicySwap
DEXes · Tezos
SpicySwap is a Tezos DEX for token swaps, liquidity management and farming. Its fee schedule and security details are unclear, so check them before committing funds.
Read the SpicySwap review Visit SpicySwap(opens in a new tab)
ScoreScore 4.5 out of 10
TVL $40.9K+2.8%
5
QuipuSwap Stableswap
DEXes · Tezos
QuipuSwap Stableswap is a Tezos DEX for trading stablecoins and other similarly priced tokens. Published fee and security details are limited, so check the pool and costs before swapping.
Read the QuipuSwap Stableswap review Visit QuipuSwap Stableswap(opens in a new tab)
ScoreScore 4.5 out of 10
TVL $36.3K−0.2%
6
QuipuSwap V1
DEXes · Tezos
QuipuSwap V1 is a deprecated Tezos DEX version and is no longer supported. If you want to swap or provide liquidity, look for a currently supported alternative instead.
Read the QuipuSwap V1 review Visit QuipuSwap V1(opens in a new tab)
ScoreScore 2.5 out of 10
TVL $353K+2.0%
7
ctez
DEXes · Tezos
ctez is a Tezos AMM for swapping tez and ctez, a token backed by tez. Published details are too limited to judge its costs, safeguards or how to use it safely.
Read the ctez review
ScoreNot rated yet
TVL $58.1K+2.2%
8
Plenty
DEXes · Tezos
Plenty is a Tezos decentralized exchange for trading and liquidity pools. Its fees, wallet support and audit details are unclear, so there isn’t enough information to recommend depositing funds.
Read the Plenty review
ScoreNot rated yet
TVL $29.5K−1.5%
9
AliensFarm
DEXes · Tezos
AliensFarm is a dexes project on Tezos. Its team publishes little about how it works, what it costs or how funds are secured, so treat it with care.
Read the AliensFarm review Visit AliensFarm(opens in a new tab)
ScoreNot rated yet
TVL $1.84K+4.5%

DEXes on Tezos: the numbers

Tracked: 9
Reviewed: 9
Total TVL: $2.52M
Avg. score: 4.5/10

The SkyBitcoins index lists 9 DEXes on Tezos. Every one of them has a full review. Together they hold $2.52M in total value locked, counting value on every chain they support. Sirius dominates, with 70% of that total. The top five account for 96%, while the median DEX holds $52.6K.

By value locked, the largest DEXes on Tezos are Sirius ($1.75M), QuipuSwap V1 ($353K) and QuipuSwap V3 ($195K). The best-rated is QuipuSwap V3 with 5.2/10, followed by QuipuSwap V2 (5.2) and Sirius (5.1). The 6 rated DEXes average 4.5/10, and none scores 8 or above yet.

All 6 with a confirmed status are active. In the past week, total value locked rose 2.5%. Sirius gained the most (+1.3%).

Largest by TVL

1Sirius$1.75M
2QuipuSwap V1$353K
3QuipuSwap V3$195K
4ctez$58.1K
5QuipuSwap V2$52.6K

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 Tezos by TVL?

Sirius is the largest DEX on Tezos by total value locked, with $1.75M across all the chains it supports. It is followed by QuipuSwap V1 ($353K) and QuipuSwap V3 ($195K). TVL figures come from DefiLlama and change daily.

Which DEX on Tezos has the highest SkyBitcoins score?

QuipuSwap V3 has the highest score at 5.2/10, ahead of QuipuSwap V2 (5.2) and Sirius (5.1). Scores weigh security, ease of use, fees and features, and are based only on facts we could verify.

How many DEXes on Tezos has SkyBitcoins reviewed?

SkyBitcoins tracks 9 DEXes on Tezos. Of these, 9 have a full review and 9 report value locked, $2.52M in total, counting value on every chain they support.

Which DEXes on Tezos grew the most this week?

Among DEXes with at least $1M locked, Sirius had the biggest 7-day TVL gain (+1.3%). Combined TVL moved +2.5% over the same seven days.

What is the average score for DEXes on Tezos?

The 6 rated DEXes on Tezos average 4.5 out of 10. Of these, 0 score 8 or higher and 3 score below 5.

Ranked list