Balancer Alternatives: Similar DEX Protocols Compared

Balancer carries a risk grade of C (49/100) and ranks #104 of 112 rated DEX protocols. Below are 111 DEX protocols ranked by safety — from safest to riskiest. 103 of these protocols score lower (safer) than Balancer, and 8 score higher (riskier).

The single safest alternative is Phoenix (B+, 16/100 — 33 points safer than Balancer). See the Balancer vs Phoenix comparison to weigh the tradeoffs.

Current Protocol

Balancer

DEX

Risk

Value

C+

TVL

$80M

Safety analysis →Investment analysis →

AlternativeRiskValueTVL

PhoenixSafer

B+

D+

$28,000

Uniswap V2Safer

B+

$905M

Uniswap V3Safer

B+

$1.7B

Stellar DEXSafer

B+

C+

$16M

XRPL DEXSafer

B+

C+

$36M

PancakeSwap StableSwapSafer

$17M

DeepBook V3Safer

C-

$15M

LoopringSafer

C-

$10M

SUNSwap V2Safer

D+

$240M

CamelotSafer

B-

$20M

Shadow ExchangeSafer

C+

$2M

Velodrome V3Safer

$24M

AmbientSafer

$3M

PancakeSwapSafer

B-

$1.8B

Trader JoeSafer

$18M

VelodromeSafer

B-

$24M

Balancer V3Safer

$80M

PancakeSwap InfinitySafer

$77M

SwapXSafer

$99,000

CoW ProtocolSafer

C+

$50M

Curve FinanceSafer

$1.6B

Frax SwapSafer

C-

$13M

Joe DEXSafer

C-

$13M

PancakeSwap AMM V3Safer

C+

$330M

QuickSwap DEXSafer

D+

$399M

SpookySwapSafer

$1M

Turbos FinanceSafer

C-

$4M

Velodrome V2Safer

C+

$13M

Verus MarketSafer

D+

$8M

LumenSwapSafer

$6M

OrcaSafer

C+

$260M

OsmosisSafer

C+

$18M

ApeSwap AMMSafer

B-

$10M

Katana DEXSafer

B-

D+

$10M

Rhea DexSafer

B-

D+

$33M

Aerodrome V1Safer

B-

C+

$139M

FlowX FinanceSafer

B-

C-

$351,000

SaucerSwap V1Safer

B-

D+

$12M

SyncSwapSafer

B-

$9M

AerodromeSafer

B-

$397M

AstroportSafer

B-

C-

$11M

KodiakSafer

B-

$29M

Merchant MoeSafer

B-

$340,000

SUNSwap V3Safer

B-

C-

$111M

Hydration DEXSafer

B-

D+

$34M

Manifest TradeSafer

B-

D-

$15M

1inchSafer

B-

$3M

Aquarius StellarSafer

B-

C-

$32M

Beets (Beethoven X)Safer

B-

C+

$1M

Etherex CLSafer

B-

C-

$3M

Uniswap V4Safer

B-

$726M

ByrealSafer

B-

D+

$16M

ChainflipSafer

B-

$1M

FstSwapSafer

B-

$14M

Maverick ProtocolSafer

B-

$946,000

MerlinSwapSafer

B-

D-

$8M

Swaap Maker V2Safer

B-

D+

$4M

Valantis STEXSafer

B-

D+

$19M

Aftermath FinanceSafer

B-

C-

$3M

Meteora DAMM V2Safer

B-

C+

$33M

STON.fiSafer

B-

$32M

LighterSafer

C+

D-

—

Meteora DAMM V1Safer

C+

$21M

MinswapSafer

C+

C-

$31M

RaydiumSafer

C+

$1.0B

SaucerSwap V2Safer

C+

C-

$21M

ThalaSafer

C+

D+

$8M

Gala SwapSafer

C+

D+

$7M

ThenaSafer

C+

$200M

DefiTuna AMMSafer

C+

$286,000

DODO AMMSafer

C+

$12M

MeteoraSafer

C+

C-

$194M

SUNSwap V1Safer

C+

C-

$66M

SushiSwapSafer

C+

$38M

Futarchy AMMSafer

C+

$13M

Hydrex IntegralSafer

C+

D+

$8M

Nado SpotSafer

C+

D+

$55M

Pharaoh V3Safer

C+

B-

$35M

Project XSafer

C+

D-

$43M

PumpSwapSafer

C+

C-

$232M

VVS StandardSafer

C+

D+

$116M

SushiSwap V3Safer

C+

D-

$55M

Blackhole CLMMSafer

C+

$26M

Bluefin SpotSafer

C+

D+

$18M

Chainge FinanceSafer

C+

D+

$12M

EkuboSafer

C+

B-

$25M

Hyperliquid Spot OrderbookSafer

C+

$151M

KumbayaSafer

C+

$25M

Ring FewSafer

C+

C-

$35M

HyperionSafer

C+

C-

$15M

JupiterSafer

C+

B-

$14

MomentumSafer

C+

C-

$7M

Saphyre V3Safer

C+

D-

$16M

Yield BasisSafer

C+

$139M

SparkDex V3Safer

C-

$4,000

Bancor V3Safer

D-

$20M

SerumSafer

$15M

Fjord FoundrySafer

$30M

IDEX V1Safer

D+

$32M

100

Magma FinanceSafer

C-

$114,000

101

Agni FinanceSafer

$23M

102

DswapSafer

$240M

103

PulseX V2Safer

D-

$18M

104

PulseX V1

D-

$19M

105

Balancer V2

C-

D-

$32M

106

Orderly Network

C-

C+

$270,000

107

WOOFi

C-

D+

$98,000

108

ALEX Lab

C-

$1M

109

Cetus Protocol

C-

D-

$31M

110

TrustedVolumes

D+

—

111

THORChain

$70M

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