Top 10 Best Solana DEX Ranking in 2025

18 mins mins

Since the emergence of Decentralized Finance, Decentralized Exchanges (DEX) have been a prevalent element in the cryptocurrency sector (DeFi). In this article, we explore the top 10 Solana DEXs in 2025, providing a comprehensive guide for traders seeking the best DeFi solutions in Solana’s thriving ecosystem.

Table Of Contents

What is DEX on Solana?
Why is Solana DEX Popular?
Which are the Best Solana DEXs Ranking in 2025?
What Do I Need to Trade On Solana’s Decentralized Exchanges?
What Are the Disadvantages of Trading on Solana’s Decentralized Exchanges?
Conclusion

What is DEX on Solana?

Many blockchains, including Solana, support decentralized exchanges (DEXs) These platforms allow crypto traders to make transactions without third-party approval, a significant shift from traditional methods.

In contrast to centralized exchanges like banks – which require institutional approval for transactions – decentralized exchanges operate using Smart Contracts. These are self-executing contracts with the terms of the agreement directly written into code.

A Smart Contract lays out precise requirements for a transaction to be approved. If your transaction fits these requirements, the Smart Contract will automatically validate it.

While Dex have transformed crypto trading, they are not without drawbacks. Automated peer-to-peer markets can take a significant amount of time to verify transactions, which can slow down the process and increase the ‘gas’ (or cost) required to complete a transaction.

Why is Solana DEX Popular?

The distinguishing factors of Solana DEX compared to others are its speed and cost-effectiveness. Solana has innovatively enhanced transaction verification speed. Where Ethereum processes 15 transactions per second, Solana can handle an impressive 50,000 transactions per second.

The key to Solana’s exceptional speed and affordability is the unique Proof-of-History technology. To authenticate crypto transactions, a group of independent computers must agree on the transaction details.

However, with Solana’s Proof-of-History, all computers can simultaneously agree on the transaction details, leading to exceptionally fast transactions and reduced costs.

Which are the Best Solana DEXs Ranking in 2025?

Let’s delve into the specifics of each project to gain a deeper understanding of the top DEXs on Solana

DEX Name	DEX Type	Key Features	Main Advantages
Jupiter	DEX Aggregator	Aggregates prices from multiple DEXs, supports swaps, limit orders, perpetuals	User-friendly UI, deep liquidity, optimized swap routes
Orca	AMM	Simple UI, Whirlpools feature for advanced yield farming	Fast, low fees, beginner-friendly
Drift Protocol	Perpetual DEX	Decentralized perpetual trading with leverage, hybrid AMM model	Trustless, high leverage, fast execution
Raydium	AMM + Orderbook Hybrid	Integrated with Serum, supports both AMM and orderbook trading	Flexible order types, good for different trading styles
Saber	StableSwap	Optimized for stablecoin and wrapped asset swaps	Low slippage, minimal trading fees
FluxBeam	AMM DEX	Smooth interface, focuses on UX and deep liquidity	Fast performance, intuitive design
GooseFX	All-in-one DeFi Platform	Offers DEX, derivatives, NFT marketplace, and analytics	Comprehensive features, modern UI/UX
Mango Markets	Perpetual + Margin DEX	Margin, futures, and spot trading with order book and cross-collateralization	High leverage, low fees, fast matching engine
Bonfida	Orderbook DEX + Tools	Built on Serum, offers API services and Solana Name Service	Developer-friendly, robust trading tools
Soldex	AI-powered AMM DEX	Uses AI to optimize trade execution and automated liquidity	Smart trading experience, automation-ready

There are numerous DEX on the Solana blockchain, each with its own features and advantages. The most impressive DEX in Solana will be covered in this post, along with information on what they have to offer. Let’s begin immediately!

1. Jupiter

Jupiter is a DEX Aggregator platform for Solana, offering a diverse range of token pairs with the best liquidity. The platform provides users with a variety of options such as Swap, DCA, and Limit Orders features.

Jupiter also aims to provide the friendliest UX for users and the most powerful tools for developers, enabling them to utilize the best swap feature.

The project airdropped 4 billion tokens, equivalent to 40% of the total supply, to the early support community in four stages. This has created a great attraction from the community for the project.

Jupiter is committed to improving routing algorithms and integrating new tools, all with the aim of delivering an excellent trading experience for both users and developers, with the best aggregated price for tokens.

Key Features of Jupiter

Feature	Description
🤖 Metropolis Routing	Scans 20+ Solana DEXs in real-time to identify the most efficient trading paths, minimizing slippage and ensuring optimal execution.
💸 Low-Cost Transactions	Capitalizes on Solana’s network efficiency, offering gas fees under $0.03 for rapid and economical transactions.
🌉 Swap & Bridge	Enables token swaps and cross-chain transfers (EVM & non-EVM compatible) using Jupiter’s bridge aggregator with best-in-class pricing.
🧮 Limit Orders & DCA/VA	Supports limit orders for precision trading, along with DCA (Dollar-Cost Averaging) and VA (Value Averaging) strategies for automated investments.
👥 JUP Token Governance	Governance powered by JUP token (10B supply), giving holders voting rights on DAO proposals, token listings, and platform initiatives.
🔁 Perpetual Futures	Offers up to 100x leverage on SOL, BTC, ETH, and more—currently in beta with $205M+ daily volume.
📱 User-Friendly UX	Features a modern and intuitive interface, fully integrated with wallets like Phantom, Backpack, and Solflare for smooth trading experiences.
💡 LFG Launchpad	Launchpad for new Solana projects, focusing on fair token distribution, community participation, and liquidity bootstrapping.

2. Orca

Orca relies on its Fair Price Indicator to achieve this seamless price comparison. This feature helps you determine whether the price indicated for a given transaction is within 1% of the price listed on CoinGecko.

It also indicates whether the slippage is equal to or less than your tolerance settings. Slippage refers to the lack of liquidity for a specific trading pair. Letting you know slippage is crucial because it helps minimize your losses as much as possible.

For many users, Orca’s most significant solution is its Token Panel. Orca’s Token Panel lets you see your balances without opening browser extensions. This feature is absent on many Solana DEX rankings, making Orca rank highly on user experience.

Key Features of Orca

Feature	Description
🤖 Fair Price Indicator	Compares trade prices with CoinGecko data, alerting users if within 1% of market rates or if slippage exceeds the default 1% tolerance.
💸 Low Fees	Swap fees start at 0.2%, and network fees are as low as 0.0001 SOL, making trading on Orca highly cost-efficient.
🌉 Concentrated Liquidity (Whirlpools)	Liquidity providers can allocate funds to specific price ranges, increasing capital efficiency and reducing slippage for traders.
🧮 Token Panel	Real-time display of token balances directly in the interface—no need for browser extensions or additional wallet tabs.
👥 ORCA Token Governance	Holders of the ORCA token can vote on governance decisions. Total supply is 100M, with 60M circulating, and early adopters received airdrops.
🔁 Smart Router	Powered by Jupiter integration,

3. Drift Protocol

Drift Protocol is an open-source decentralized exchange (DEX) specifically for perpetual futures contracts built on the Solana blockchain. Drift Protocol is designed to provide a seamless trading experience with minimal price slippage, low transaction fees, and minimal price impact.

Drift focuses on addressing lingering issues in the current centralized exchange system, such as slow transaction speeds and limited computational capacity.

These issues arise because the blockchain is not optimized for processing large transaction volumes like centralized exchanges, leading to slow speeds, network congestion, and high transaction fees.

Additionally, on-chain conditions are not favorable for market makers, resulting in their reduced participation, decreased liquidity, and increased spreads.

Key Features of Drift Protocol

Feature	Description
🤖 Dynamic vAMM (DAMM)	Leverages a dynamic AMM with repegging and adjustable `k` value to improve liquidity efficiency and reduce slippage on perpetual contracts.
💸 Low Fees	Maker fees range from -0.01% (rebates) to 0.02%, while taker fees range from 0.05%–0.10%. Average transaction cost is approximately $0.000112.
🌉 Cross-Margining	Allows more than 20 assets to be used as collateral across both spot and perpetual markets, offering flexible margin management.
🧮 Spot & Swap Trading	Provides spot trading with up to 5x leverage, and token swaps via Jupiter routing to ensure users get the best price execution.
👥 DRIFT Token Governance	DRIFT token holders can participate in protocol governance, enjoy trading fee discounts, and stake to earn revenue share.
🔁 BET Prediction Markets	Offers decentralized markets for real-world event predictions (e.g., U.S. elections) with high capital efficiency.
📱 Lending & Borrowing	Users can lend assets to earn passive yield or borrow with overcollateralized positions for leveraged trading.
💡 Swift Protocol	Drift’s liquidity aggregator launched in March 2025, designed to enable gasless trades, faster execution, and minimized slippage.

4. Raydium

Raydium is an amazing Solana DEX ranking. This places Raydium among the top Solana DEX ranking because it enables users to get the liquidity and order flow of the entire Serum Solana DEX ranking.

Liquidity is essential in DeFi protocols because it determines the cost of trading. Once liquidity falls, you may pay more than the current market prices for a trade.

Raydium has become one of the most used Solana DEX rankings because of its expanded liquidity by enabling trade between Raydium and Serum through a central limit order book. This simply lists what market makers are buying, the prices, and the quantities.

This order book is then given to takers, who approve the prices and quantities before the Smart Contracts link their order to matching prices and quantities on the order book, and the transaction is authorized.

Raydium’s best solution to DeFi is its Trade & Swap solution. This allows a quick exchange of two tokens through Serum. Trade & Swap also provides charting and limit orders that you can rely on when trading.

Key Features of Raydium

Feature	Description
🤖 Hybrid AMM-CLOB Model	Combines AMM liquidity pools with Serum’s central limit order book (CLOB) for optimal liquidity and accurate price discovery.
💸 Ultra-Low Fees	Leverages Solana’s high throughput (up to 65,000 TPS) to offer transaction fees that are just fractions of a cent.
🌉 Serum Integration	Seamlessly connects to Serum’s CLOB, providing access to deep market liquidity and tighter bid-ask spreads.
🧮 Trade & Swap	Fast token swaps with built-in charting, limit orders, and market order support for enhanced user trading experience.
👥 Liquidity Pools & Farming	Users can provide liquidity to AMM pools and earn rewards in RAY tokens through yield farming mechanisms.
🔁 AcceleRaytor Launchpad	Helps launch new Solana-based projects through token sales and IDOs (Initial DEX Offerings) directly on the platform.
📱 Wallet Compatibility	Supports major Solana wallets like Phantom and Solflare, allowing for secure and easy non-custodial access.
💡 Fusion Pools	Features concentrated liquidity pools tailored for both stablecoin pairs and volatile assets, minimizing slippage and improving capital efficiency.

5. Saber

Regarding stablecoins, you probably want to consider Saber as your Solana DEX ranking of choice. Stablecoins are cryptocurrencies that regulate the price of other currencies by linking them to specific assets.

Compared to other Solana DEX rankings, Saber’s most significant advantage is its low slippage. Because of its already stabilized trading pairs, Saber offers low slippage, which means the prices you pay for your transactions are equal to, if not very close to, existing market prices.

Key Features of Saber

Feature	Description
StableSwap AMM	Utilizes an optimized AMM model for stablecoin swaps with low slippage, inspired by Curve Finance.
Low Transaction Fees	Benefits from Solana’s high throughput (up to 65,000 TPS), with fees as low as $0.005 per trade.
Cross-Chain Trading	Supports trading of wrapped assets from other blockchains, enhancing interoperability.
Yield Farming & Staking	Users can stake SBR tokens or provide liquidity to pools to earn rewards and participate in governance.
Governance via SBR Token	SBR holders can lock tokens for veSBR to vote on protocol decisions, influencing pool yields.
Deep Liquidity Pools	Offers over 80 trading pairs, ensuring high liquidity and minimal price slippage for stablecoin trades.
Wallet Integration	Compatible with wallets like Phantom and Solflare for seamless, non-custodial trading.

6. FluxBeam

FluxBeam is a Telegrambot project for the Solana ecosystem. Telegrambot is a bot on the Telegram app, developed by cryptocurrency projects, helping people buy and sell tokens conveniently without having to trade on an exchange.

With Flux bot, people can easily buy and sell tokens within the Solana ecosystem with just a few simple actions.

RKey Features of FluxBeam

Feature	Description
🤖 AI & Multilingual Support	Fluxbot uses AI tools to process user commands without manual input. Supports 10+ languages for a globally accessible experience.
🎯 Token Sniping	Enables users to quickly buy tokens at launch or during network congestion — ideal for securing early positions.
👥 Copy Trading	Users can follow and replicate trades from expert traders while adjusting strategies to fit personal goals.
🧮 Limit Orders & DCA	Supports limit buy orders and automated Dollar-Cost Averaging (DCA), offering more control over entry timing.
🔁 DEX Integration	Seamlessly integrated with Solana AMMs like Raydium and Meteora, allowing fast and easy token swaps.
📱 Fluxbot QR Payments	Users can generate QR codes to send/receive tokens — simplifying P2P transactions.
💸 MarginFi Integration	Lend or borrow assets directly through Fluxbot using MarginFi, without navigating separate platforms.

7. GooseFX

GooseFX is your ultimate DeFi destination on Solana for trading perpetual futures and experiencing innovative single-sided liquidity pools. Their mission is to streamline your DeFi journey, offering a seamless platform to trade and earn yields effortlessly.

In addition to groundbreaking SSL pools, GooseFX proudly features a fully on-chain Centralized Limit Order Book (CLOB) based DEX. This platform revolutionizes the way you trade derivatives with up to 10x leverage, ensuring a robust and efficient trading experience.

Key Features

Feature	Description
📈 Perpetual Futures DEX (CLOB)	Built on a Central Limit Order Book (CLOB) — not AMM or synthetic — for real market depth and price action.
🔗 Up to 10x Leverage	Trade with leverage up to 10x for amplified exposure and advanced trading strategies.
💸 Lowest Fees on Solana	Enjoy ultra-low trading fees compared to other Solana-based DEXs.
🎯 Market Maker Incentives	Reward programs designed to attract and retain liquidity providers and market makers.
💧 Single-Sided Liquidity Pools	Provide liquidity with just one token — no need to pair assets.
💰 Yield from Single Token Staking	Stake a single asset to earn passive income.
⚡ Instant Deposits & Withdrawals	Seamless, fast transactions without long delays.
🏆 Daily Rewards	Users receive daily incentives for participating in trading or staking activities.
🔒 Stake GOFX – Earn USDC	Revenue-sharing model that allows GOFX stakers to earn USDC.

8. Mango Markets

Mango Markets is built on the Solana blockchain and utilizes Openbook DEX for spot margin trading while perpetual futures are traded on Mango Markets’ own order book. Mango Markets is governed by MNGO token holders via the Mango DAO.

Mango Markets is completely open source, They see this transparency as vital for the project as it increases the amount of people who understand and can improve the project. The DAO frequently sponsors grants for developers to extend, integrate with or try to break the project.

Mango Markets: Key Features

Feature	Description
🤖 Cross-Margin Trading	Supports up to 5x leverage for spot and 10x for perpetuals, with cross-collateralized assets.
💸 Low Fees	Near-zero fees (as low as 4bps for takers) enabled by Solana’s high-performance blockchain.
🌉 Openbook DEX Integration	Uses Openbook for spot margin trading, ensuring deep liquidity and fast trade execution.
🧮 Lending & Borrowing	Users can lend assets to earn interest or borrow for trading, using deposits as collateral.
👥 MNGO Governance	MNGO token holders vote on proposals, with 90% of the token supply locked in the DAO treasury.
🔁 Perpetual Futures	Offers perpetual futures on assets like BTC, ETH, and SOL through its own order book.
📱 API Accessibility	Provides REST & WebSocket APIs with open-source wrappers (TypeScript, Python, .NET) for developers.
💡 Developer Grants	Mango DAO offers grants to support developers in building tools or conducting platform stress tests.

9. Bonfida

Decentralized exchanges are trying to improve DeFi in multiple ways, and Bonfida has focused on Graphical User Interface (GUI) as its unique selling point. Bonfida is Serum’s flagship GUI provider, ensuring that the platform’s user interface and user experience are all that traders need.

Here are some of Bonfida’s GUI features that help Serum run smoothly.

Exclusive Markets and Listing: Bonfida lists exclusive markets on Serum’s platform. The liquidity for these markets comes from the market makers of Bonfida.
Advanced On-Chain Order Types: Bonfida adds take-profit and stop-loss orders to the list of Serum’s orders. Initially, Serum only had limit-orders and market orders, but users stake more tokens on the platform with these new orders.
Placing Orders Through Tradingview Charts: users can make orders directly from the trading chats on their dashboards.

This powerful GUI-based DEX operates using the FIDA token. This token allows users to make bot payments and access APIs. It also gives new users access to consulting services on how to start out using Serum. Now, users can also purchase FIDA tokens on Binance.

Key Features

Feature	Description
🤖 Flagship Serum GUI	Offers a user-friendly interface for the Serum DEX, streamlining trading with a modern and intuitive dashboard.
💸 Exclusive Markets	Hosts unique trading pairs not found elsewhere on Serum, with liquidity provided by Bonfida’s own market makers.
🌉 Advanced Order Types	Expands beyond basic limit and market orders by offering take-profit and stop-loss functionalities.
🧮 TradingView Integration	Empowers users to place orders directly from integrated TradingView charts within the trading interface.
👥 FIDA Token Utility	FIDA is used for bot payments, API access, and consulting services aimed at onboarding and supporting new users on Serum.
🔁 API & Bot Support	Includes robust APIs and support for trading bots, enabling users to automate trading strategies for increased efficiency.
📱 Wallet Compatibility	Fully compatible with top Solana wallets such as Phantom and Solflare, allowing secure, non-custodial access to trading.
💡 FIDA on Binance	FIDA token is listed on Binance, providing greater accessibility and liquidity for users worldwide.

10. Soldex

Soldex is an AI-powered decentralized exchange that allows crypto traders to customize their trading strategies and simplify complicated settlement workflows. This third-generation crypto exchange operates an AI that helps you run three important tasks, which include:

Market Data Analysis: with this, you can study the crypto market and all its trends.
Market Risk Prediction: this allows you to determine the risks involved in a given transaction
Buying and Selling Assets: here, the AI can help you trade if you set the conditions you want for your transaction.

The most outstanding solution that Soldex brings to the table is the Soldex Academy. This educational resource aims to make trades and developers understand Solana and DeFi more deeply.

Soldex runs on a native token called SOLX. You can use this token to participate in Soldex’s governance, meaning you will be involved in the decision-making. You can also use SOLX to pay transaction fees and feed AI bots.

Key Features of Soldex

Feature	Description
🤖 AI-Powered Trading Bots	Uses AI to analyze market data, assess risk, and execute trades based on user-defined criteria like volatility and risk tolerance.
💸 Ultra-Low Fees	Takes advantage of Solana’s speed to offer transaction fees under $0.00001, making trading highly cost-efficient.
🌉 Permissionless Trading	No KYC required—users can trade, stake, or provide liquidity directly using wallets like Phantom and Solflare.
🧮 Market Data Analysis	Real-time AI tools help users understand market trends, enhancing decision-making and strategy planning.
👥 SOLX Token Governance	SOLX token holders can vote on platform updates, new trading pairs, and protocol changes, ensuring decentralized governance.
🔁 Liquidity Provision	Allows users to provide liquidity to pools, earning incentives and supporting the platform’s trading infrastructure.
📱 Soldex Academy	Offers educational resources on Solana and DeFi, fostering an engaged and knowledgeable user base of traders and developers.
💡 OTC & Market Maker Support	Streamlines over-the-counter trading and market maker operations, reducing errors in complex settlements for businesses.

What Do I Need to Trade On Solana’s Decentralized Exchanges?

To get started with any Solana-based DEX, you’ll first need a Solana Wallet—good news is, Solana supports multiple wallets, so finding one that suits your needs should be a breeze.

For newcomers, we suggest starting with browser-based or mobile app wallets. They tend to offer user-friendly interfaces, making your initial experience smoother. If you’re a seasoned trader, you might prefer command-line wallets, as they get the Solana updates first.

With your wallet set up, the next step is to acquire Solana’s native token, SOL. You can find SOL on several crypto exchanges, including Gate.io, Binance, Coinbase, and CoinGecko.

What Are the Disadvantages of Trading on Solana’s Decentralized Exchanges?

While Solana decentralized exchanges certainly have their benefits, it’s important to remember that there are drawbacks to consider as well. These challenges may not be severe, but they can add complexity to your DeFi experience. Let’s explore some of the potential downsides you could encounter with Solana DEX.

Technical Complexity

Operating on Solana’s DEX can be technically involved. A solid understanding of crypto wallets, DeFi-related terminology, security concepts, and general crypto trading knowledge is advisable. This might pose a challenge for newcomers, but there’s a wealth of online resources available to help you navigate this landscape.

Uncertified Tokens

The nature of decentralized finance enables anyone with the technical skills to list tokens and establish a liquidity pool. However, some of these tokens could be flawed or subject to extreme volatility. If you’re not vigilant, you could risk investing in a token on the verge of collapse, or worse, one that could jeopardize your wallet’s security.

Smart Contract Glitches

Although infrequent, Smart Contracts can occasionally malfunction. They might contain exploitable bugs, which can lead to trading issues and cause frustration for users.

Conclusion

Solana stands out as one of the most technologically advanced blockchains in the cryptocurrency realm. It hosts an array of exceptional decentralized exchange platforms. With the use of market research strategies, enhanced liquidity, price indicators, stablecoin transactions, and user-friendly GUIs, Solana’s DEX’s are making decentralized finance more approachable for traders, thereby boosting their popularity.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.