Compare AMM types, fees, and features across the top Solana DEXs. Find the right DEX for swapping, LPing, perpetuals, or launching tokens.
Highest TVL
Jupiter ($2.6B+)
Lowest fees
Jupiter (0% swap) & OpenBook (0%)
Most features
Jupiter (aggregator + perps + DCA)
Solana's dominant DEX aggregator and DeFi superapp
Solana's largest native AMM with LaunchLab for token launches
Dynamic liquidity with DLMM bins and bonding curve launchpad
Clean concentrated liquidity (Whirlpools) with best-in-class LP UX
pump.fun's native DEX dominating memecoin trading volume
Specialized stablecoin AMM with hub-and-spoke architecture
Fastest fully on-chain orderbook with instant settlement
Oracle-based proactive market maker with protocol-owned liquidity
Fully decentralized on-chain orderbook with zero protocol fees
Dynamic-fee GAMMA AMM with idle liquidity yield deployment
Routes trades across multiple DEXs to find the best price. Jupiter is Solana's primary aggregator.
LPs set custom price ranges for higher capital efficiency. Used by Orca and Raydium.
Meteora's bin-based model with dynamic fees that adjust to market volatility.
Central limit order book matching buyers and sellers directly. Used by Phoenix and OpenBook.
Dollar-cost averaging — automated recurring purchases at fixed intervals to reduce timing risk.
Built-in launchpad for creating and launching new tokens (bonding curves, launch pools).
Solana's DEX ecosystem is the most diverse in crypto, with aggregators, concentrated liquidity AMMs, dynamic liquidity models, on-chain orderbooks, and specialized stableswap protocols all competing for volume. Your choice depends on whether you're swapping tokens, providing liquidity, trading perpetuals, or launching a new token.
For most users, starting with Jupiter as your default swap interface makes sense — it aggregates liquidity across all other DEXs to find the best price. Read our Jupiter exchange guide to get started.
Use Jupiter. It aggregates prices across all Solana DEXs, so you always get the best rate with 0% platform fee. It also has a DCA feature for dollar-cost averaging into positions.
Orca has the best LP UX with Whirlpools concentrated liquidity — see our Orca Whirlpools guide. Meteora offers DLMM bins with dynamic fees that adjust to volatility. Raydium has both CLMM and standard AMM pools — read our Raydium guide.
Jupiter offers up to 100x leverage on SOL, ETH, WBTC and more. Raydium offers perps via Orderly Network with up to 50x leverage. For a full overview, see our Solana perp DEXs comparison.
PumpSwap dominates memecoin volume as pump.fun's native DEX. Tokens graduate from the bonding curve directly to PumpSwap with zero migration fees.
Explore all DEXs on our DEX category page. Also see our comparisons for wallets, liquid staking, and RPC providers. For DEX aggregator comparison, see our DEX aggregator guide.
Jupiter is the dominant DEX aggregator, routing trades across all DEXs for the best price at 0% platform fee. For direct AMM trading, Raydium has the highest TVL. The best choice depends on your use case — aggregation, LP provision, or memecoin trading.
CLMM DEXs like Orca let LPs set custom price ranges for capital efficiency. Orderbook DEXs like Phoenix match buy/sell orders directly. CLMM is better for passive LPs; orderbooks are better for active traders wanting precise limit orders.
Jupiter charges 0% platform fee on swaps. OpenBook charges 0% protocol fees. Phoenix offers fees as low as 0.02%. Standard AMM pools on Raydium and PumpSwap charge approximately 0.25%.
Yes — Jupiter offers perps with up to 100x leverage, and Raydium offers perps via Orderly Network with up to 50x. For more options, see our perp DEX comparison.