These are the decentralized exchanges (DEXs) on Solana that you can be confident would offer you the best security, features, and earning opportunities.
The
- Raydium
- Aldrin
- Swap Program
- Mango Markets
- Step Finance Swap
- Mercurial Stable Swap
- Serum
- Drift Protocol
- Orca
- Saber Stable Swap
The Decentralized Exchange (DEX) and Automated Market-Maker (AMM) recently launched Whirlpools, giving users of the protocol access to concentrated liquidity pools. Soon after, popular web3 lifestyle app STEPN integrated Orca’s pools to power its swaps. As a result, usage of the protocol is at an all-time high.
Daily users of Orca (defined as unique wallets making fewer than 20 transactions per day, to filter out arbitrage wallets) surpassed 130,000 at the beginning of May 2022, placing it head and shoulders above other exchanges on Solana.
For longtime users, Orca’s dominance comes as no surprise. Its rare combination of intuitive user experience and cutting-edge technology has lent it broad appeal amongst DeFi newcomers and veterans alike. Not to mention Orca’s commitment to real-world impact; approximately 0.01% of all swap fees go to fighting climate change and sustainability through the Orca Impact Fund.
Another element to Orca’s success is its composability. Just as Orca’s interface is designed for usability, Orca’s open-source Software Development Kit (SDK) is designed for easy integration into other applications. This has led protocols like STEPN to integrate Orca “under the hood” to facilitate swaps for their users.