Best of · XRP Ledger · Updated Nov 8, 2026

The best DEXes on XRP Ledger in 2026

We track 9 DEXes that run on XRP Ledger and have reviewed 7 of them in full. Our top pick is THORChain DEX. Each one is scored on security, ease of use, fees and features.

1
THORChain DEX
DEXes · THORChain, Bitcoin, Ethereum +10
THORChain is a cross-chain swap protocol for moving crypto between supported networks without a centralized exchange. Its variable fees and protocol risks mean you should check the quote and destination details before sending.
Read the THORChain DEX review Visit THORChain DEX(opens in a new tab)
ScoreScore 7.1 out of 10
TVL $60.5M−3.3%
2
XRPL DEX
DEXes · XRP Ledger
XRPL DEX is trading built into the XRP Ledger, with order-book offers and AMM pools. You need an XRPL-compatible wallet and a separate interface that supports the trade you want.
Read the XRPL DEX review Visit XRPL DEX(opens in a new tab)
ScoreScore 6.8 out of 10
TVL $31.0M−7.5%
3
Xrpl to
DEXes · XRP Ledger
XRPL.to combines an XRP Ledger token tracker with a front end for DEX swaps. It may suit active XRPL users, but check wallet handling, token liquidity and swap costs before connecting funds.
Read the Xrpl to review Visit Xrpl to(opens in a new tab)
ScoreScore 5.7 out of 10
TVL —
4
HbarSuite
DEXes · Hedera, Solana, XRP Ledger
HbarSuite combines Hedera DEX products with developer tools and a multi-chain wallet. Its capabilities are clearer than its fees, audit coverage or custody details, so check those before using it.
Read the HbarSuite review Visit HbarSuite(opens in a new tab)
ScoreScore 5.0 out of 10
TVL $3.57M+0.8%
5
Magnetic
DEXes · XRP Ledger
Magnetic is an XRPL trading and market-data interface with swaps, AMM pools, farming and NFT tools. Its published details leave important questions about fees, audits and custody unanswered.
Read the Magnetic review Visit Magnetic(opens in a new tab)
ScoreScore 5.0 out of 10
TVL —
6
Solo
DEXes · XRP Ledger
Sologenic offers XRPL trading, liquidity pools, swaps and NFTs, but its ecosystem is transitioning to TX. Check what still works and the SOLO-to-TX terms before connecting a wallet.
Read the Solo review Visit Solo(opens in a new tab)
ScoreScore 4.5 out of 10
TVL —
7
Dexrp
DEXes · XRP Ledger, Ethereum
DeXRP describes an XRP Ledger DEX combining AMM swaps and order-book trading. Its live status, fees, supported networks and security checks need verification before you use it.
Read the Dexrp review
ScoreScore 3.0 out of 10
TVL —
8
First Ledger
DEXes · XRP Ledger
First Ledger is an XRP Ledger DEX, not Ledger’s hardware-wallet app. Its core purpose is identifiable, but key details about fees, custody and safety are unclear.
Read the First Ledger review Visit First Ledger(opens in a new tab)
ScoreNot rated yet
TVL —
9
Orchestra Finance
DEXes · XRP Ledger
Orchestra Finance has been described as a front end for XRPL’s built-in AMM. Its current status and key details are unclear, so don’t connect a wallet or deposit funds until you can verify the service.
Read the Orchestra Finance review
ScoreNot rated yet
TVL —

DEXes on XRP Ledger: the numbers

Tracked: 9
Reviewed: 9
Total TVL: $95.0M
Avg. score: 5.3/10

SkyBitcoins tracks 9 DEXes on XRP Ledger. Every one of them has a full review. Across the 3 with TVL data, the combined value locked is $95.0M, counting value on every chain they support. THORChain DEX dominates, with 64% of that total.

Ranked by TVL, THORChain DEX ($60.5M), XRPL DEX ($31.0M) and HbarSuite ($3.57M) lead the field. The best-rated is THORChain DEX with 7.1/10, followed by XRPL DEX (6.8) and Xrpl to (5.7). That makes THORChain DEX both the biggest and the best-rated. The 7 rated DEXes average 5.3/10, and none scores 8 or above yet.

Many also deploy elsewhere, most often on Ethereum (2), Solana (2) and THORChain (1). All 6 with a confirmed status are active. In the past week, total value locked fell 4.6%. HbarSuite gained the most (+0.8%), while XRPL DEX dropped the most (−7.5%).

Largest by TVL

1THORChain DEX$60.5M
2XRPL DEX$31.0M
3HbarSuite$3.57M

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 XRP Ledger by TVL?

THORChain DEX is the largest DEX on XRP Ledger by total value locked, with $60.5M across all the chains it supports. It is followed by XRPL DEX ($31.0M) and HbarSuite ($3.57M). TVL figures come from DefiLlama and change daily.

Which DEX on XRP Ledger has the highest SkyBitcoins score?

THORChain DEX has the highest score at 7.1/10, ahead of XRPL DEX (6.8) and Xrpl to (5.7). Scores weigh security, ease of use, fees and features, and are based only on facts we could verify.

How many DEXes on XRP Ledger has SkyBitcoins reviewed?

SkyBitcoins tracks 9 DEXes on XRP Ledger. Of these, 9 have a full review and 3 report value locked, $95.0M in total, counting value on every chain they support.

Which DEXes on XRP Ledger grew the most this week?

Among DEXes with at least $1M locked, HbarSuite had the biggest 7-day TVL gain (+0.8%) and XRPL DEX the biggest drop (−7.5%). Combined TVL moved −4.6% over the same seven days.

What is the average score for DEXes on XRP Ledger?

The 7 rated DEXes on XRP Ledger average 5.3 out of 10. Of these, 0 score 8 or higher and 2 score below 5.

Ranked list