Balancer Alternatives: Similar DEX Protocols Compared

Balancer carries a risk grade of C (45/100) and ranks #100 of 116 rated DEX protocols. Below are 115 DEX protocols ranked by safety — from safest to riskiest. 99 of these protocols score lower (safer) than Balancer, and 16 score higher (riskier).

The single safest alternative is Phoenix (A-, 14/100 — 31 points safer than Balancer). See the Balancer vs Phoenix comparison to weigh the tradeoffs.

Current Protocol

Balancer

DEX

Risk

Value

C+

TVL

$28M

Safety analysis →Investment analysis →

AlternativeRiskValueTVL

PhoenixSafer

A-

D+

$7,000

Stellar DEXSafer

B+

C+

$13M

Uniswap V2Safer

B+

$791M

XRPL DEXSafer

B+

C+

$29M

Balancer V3Safer

$26M

PancakeSwap StableSwapSafer

$4M

CamelotSafer

B-

$14M

DeepBook V3Safer

C-

$12M

SUNSwap V2Safer

D+

$240M

CoW ProtocolSafer

C+

$50M

PancakeSwapSafer

B-

$1.7B

TokenlonSafer

C+

$508,000

Uniswap V3Safer

B+

$1.5B

Joe DEXSafer

C-

$9M

AmbientSafer

$2M

ApeSwap AMMSafer

$8M

Frax SwapSafer

C-

$9M

Katana DEXSafer

D+

$8M

OsmosisSafer

C+

$12M

PancakeSwap InfinitySafer

$76M

SwapXSafer

$33,000

Trader JoeSafer

$3M

Turbos FinanceSafer

C-

$4M

Velodrome V3Safer

$19M

PancakeSwap AMM V3Safer

C+

$285M

QuickSwap DEXSafer

D+

$207M

SpookySwapSafer

$659,696

SUNSwap V3Safer

C-

$209M

VelodromeSafer

B-

$19M

Velodrome V2Safer

C+

$14M

Verus MarketSafer

D+

$4M

Curve FinanceSafer

$1.3B

LumenSwapSafer

$6M

OrcaSafer

C+

$242M

AstroportSafer

B-

C-

$9M

Hydration DEXSafer

B-

D+

$24M

Rhea DexSafer

B-

D+

$24M

Shadow ExchangeSafer

B-

C-

$1M

1inchSafer

B-

$3M

Aerodrome V1Safer

B-

C+

$118M

FlowX FinanceSafer

B-

C-

$197,000

KodiakSafer

B-

$16M

LoopringSafer

B-

D-

$17,000

Merchant MoeSafer

B-

$220,000

SaucerSwap V1Safer

B-

D+

$8M

SyncSwapSafer

B-

$8M

Uniswap V4Safer

B-

B+

$836M

Aquarius StellarSafer

B-

C-

$45M

FstSwapSafer

B-

$10M

Manifest TradeSafer

B-

D-

$15M

AerodromeSafer

B-

$132M

Beets (Beethoven X)Safer

B-

C+

$620,000

Etherex CLSafer

B-

C-

$1M

ByrealSafer

B-

D+

$12M

MerlinSwapSafer

B-

D-

$7M

Swaap Maker V2Safer

B-

D+

$6M

ThenaSafer

B-

$200M

Aftermath FinanceSafer

B-

C-

$2M

ChainflipSafer

B-

$3M

Meteora DAMM V2Safer

B-

C+

$28M

RaydiumSafer

B-

C+

$839M

DeFi.appSafer

B-

C-

—

Maverick ProtocolSafer

B-

$670,000

MinswapSafer

B-

C-

$13M

STON.fiSafer

B-

$27M

Valantis STEXSafer

B-

D+

$5M

LighterSafer

C+

D-

—

SUNSwap V1Safer

C+

C-

$56M

SushiSwapSafer

C+

$32M

ThalaSafer

C+

D+

$2M

VVS StandardSafer

C+

D+

$97M

Gala SwapSafer

C+

D+

$4M

Meteora DAMM V1Safer

C+

$36M

Project XSafer

C+

D-

$34M

SaucerSwap V2Safer

C+

C-

$10M

DefiTuna AMMSafer

C+

$148,000

DODO AMMSafer

C+

$12M

Futarchy AMMSafer

C+

$14M

Hydrex IntegralSafer

C+

D+

$5M

KumbayaSafer

C+

$9M

Nado SpotSafer

C+

D+

$50M

SushiSwap V3Safer

C+

D-

$36M

Pharaoh V3Safer

C+

B-

$24M

PumpSwapSafer

C+

C-

$236M

Saphyre V3Safer

C+

D-

$13M

SparkDex V3Safer

C+

C-

$4,000

Blackhole CLMMSafer

C+

D-

$2M

Bluefin SpotSafer

C+

D+

$17M

DswapSafer

C+

$1M

EkuboSafer

C+

B-

$23M

Hyperliquid Spot OrderbookSafer

C+

$133M

MeteoraSafer

C+

C-

$173M

MomentumSafer

C+

C-

$5M

Ring FewSafer

C+

C-

$30M

Chainge FinanceSafer

C+

D+

$11M

Fjord FoundrySafer

C+

$30M

HyperionSafer

C+

C-

$5M

JupiterSafer

C+

B-

$11

Yield BasisSafer

C+

$132M

100

Bancor V3

D-

$16M

101

Magma Finance

C-

$61,000

102

Serum

$15M

103

Agni Finance

$13M

104

IDEX V1

D+

$31M

105

PulseX V2

D-

$19M

106

Fluid DEX

B-

$284M

107

PulseX V1

D-

$24M

108

Balancer V2

D-

$27M

109

Figure Markets Exchange

C-

$1.6B

110

Orderly Network

C-

C+

$250,000

111

WOOFi

C-

D+

$2M

112

ALEX Lab

C-

$717,000

113

Cetus Protocol

C-

D-

$25M

114

TrustedVolumes

D+

—

115

THORChain

$55M

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