Bluefin – DEX Review

Score: 65/100. Sui’s well-audited leader, with a real TVL decline and a neighbor’s $223M hack prompting a security gut-check.

Vertex – DEX Review

Score: 62/100. Sophisticated cross-margin trading, reviewed mid-migration to a new chain with conflicting founder accounts.

THORChain – DEX Review

Score: 46/100. Unmatched native cross-chain swaps, carrying 2021 hacks, a $200M 2025 crisis, and use as a laundering conduit.

Balancer – DEX Review

Score: 47/100. The most incidents in this series: four since 2021, including a $116-128M hack that hit twice-audited code.

Meteora – DEX Review

Score: 62/100. Brilliant DLMM engineering, carrying a 2026 incident and real controversy over memecoin launches on its tools.

Orca – DEX Review

Score: 75/100. Zero hacks in 4+ years and six audits from four firms, deliberately trading liquidity depth for that clean record.

Injective – DEX Review

Score: 66/100. Less a DEX than shared order-book infrastructure; judge its small TVL by volume and revenue instead.

Osmosis – DEX Review

Score: 62/100. Cosmos’ dominant AMM, currently facing a live, unresolved vote on merging into the Cosmos Hub itself.

SushiSwap – DEX Review

sushiswap logo cover image

Score: 57/100. The lowest score yet: a 2023 hack, an $8B-to-$400M collapse, and a founder who briefly handed control to Sam Bankman-Fried.