Learn · DEXes

Swapping on Ink

A DEX lets you swap tokens from your own wallet, with no account. These are the busiest ones on Ink, plus a lending market.

DEXes on Ink

Uniswap
DEX
The best known DEX. Versions 3 and 4 are both live on Ink.
app.uniswap.org
Aero
DEX
Concentrated liquidity pools on Ink. Aero now covers what used to be Velodrome.
aero.xyz
InkySwap
DEX
A DEX built on Ink. Check the site address against its X account before you connect a wallet.
inkyswap.com @inkyswap on X
Nado
Order book DEX
An order book exchange for spot and perpetuals, built on Ink. Perpetuals are leveraged and risky.
app.nado.xyz
Curve
Stable swaps
Built for swapping assets of similar value, such as stablecoins.
curve.finance

Ranking by 30 day volume on DefiLlama, checked 2026-11-10. Volumes move, so look again.

Tydro
Lending
A lending market on Ink. You can supply assets to earn interest or borrow against collateral. Borrowing can lead to liquidation if prices move.
tydro.com

Most DEXs use pools. Liquidity providers deposit two tokens, and the pool prices swaps from the ratio.
Each swap pays a fee, often 0.01% to 1% depending on the pool. That fee goes to liquidity providers.
Price impact is how much your trade moves the price. Small pools move a lot.
Slippage is the most price change you accept before the swap fails. Too high and you can get a bad fill.
The first time you trade a token you approve it. Approvals are separate from the swap, and you can revoke them later.

Get the token contract from the project’s official site or X account, not from a reply.
Look it up on the Ink explorer: when it was made, how many holders, what the contract does.
Check that the pool has real liquidity. A thin pool is easy to trap you in.
Start small, and set slippage as low as the swap allows.
Anyone can make a token with any name. Matching names are not proof.