top 3 decentralized exchanges in near

Back in April 2020, the NEAR protocol was launched along with 1 billion $NEAR tokens. It is a Layer 1 (L1) smart contract blockchain. With this, developers can create decentralized applications (dApps) on NEAR. On top of that, NEAR encompasses innovative features like Nightshade Sharding. In turn, this allows NEAR to process up to 100,000 transactions per second (TPS).

Fast forward till today, NEAR maintains a healthy decentralized finance (DeFi) ecosystem. In this article, we take a look at the best 3 DEXs in NEAR.

DEX #1 – Ref Finance

First of the best 3 DEXs in NEAR is Ref Finance. As of now, it is the top DEX in NEAR. It has a Total Value Locked (TVL) of $57.65 million. Thus, it accounts for over 70% of NEAR’s entire TVL. Ref Finance is a multi-purpose DeFi platform. This comprises a DEX and an analytics dashboard. Also, Ref Finance has its own native token, $REF. In terms of investors, Ref Finance has some notable ones as shown below.

So, what can Ref Finance’s DEX do? Let’s dive right into its functions.

  • Trading and Swapping: Swap tokens using Ref Finance’s DEX. You can even set limit orders on your swaps.
  • Yield Farming: Deposit your tokens into Liquidity Pools (LPs) for a return.
  • Staking $REF: Stake $REF tokens for $xREF. For that, you get a healthy return as well.

But wait, that’s not all! Ref Finance is constantly improving its product. Recently, it has released Ref V2. Said upgrade improves the use of liquidity on Ref Finance. In turn, this reduces slippage for its user’s trades. Next, let’s look at a DEX which is improving its product’s tech as well.

DEX #2 – Orderly Network

Next of the best 3 DEXs in NEAR is Orderly Network. Orderly is a little different from other DEXs. Simply put, it’s not just a DEX. It is also a modular ecosystem in which anyone can build dApps. In the future, Orderly will provide lending, margin trading, perpetual swaps and so forth.

Orderly’s DEX is also different from the typical DEX. It integrates with WOO network for it’s on-chain order book DEX. You can catch a glimpse of how their DEX looks below.

By working with WOO and NEAR, Orderly is able to focus on lowering fees and slippages for its users. In addition, they hope to bring seamless trading by lowering latency. Indeed, Orderly Network looks poised for success. Apart from WOO and NEAR, it has a huge team of investors behind it as well. So, it has no lack of experience and financial backing to develop its product.

3 DEXs in NEAR - Orderly Investors

As of now, Orderly Network does not have its native token. Its TVL on the NEAR ecosystem is at $6.2 million.

DEX #3 – Spin

Last, but not least, of the best 3 DEXs in NEAR is Spin. Spin is a 360° decentralized trading platform. Like Orderly, it uses an order book-style DEX. Aside from that, Spin provides perpetual trading too. Spin is also developing Options-related products for its users. So, it seems like a perfect platform for crypto traders.

Similar to Orderly, Spin does not have its native token. However, it did release an NFT collection though. Holding this NFT gives you priority access to Spin’s Initial DEX offering (IDO). Said NFT is named Freaky Elves and its current floor price is at 33 $NEAR, or about USD$76. You can check out the collection here.

Spin is also in the midst of conducting its airdrop. You can find out more in our previous research here. As of now, the Spin team is in the 2nd phase of its airdrop. You do not want to miss that!


To conclude, we hope we’ve shown you the best 3 DEXs in NEAR. From here, you can choose the DEX most suitable for your trading.

The current price of NEAR is $2.36. The market cap is $2 billion. Out of 1 billion $NEAR tokens, 863 million already circulate.

⬆️ For more cryptocurrency news, check out the Altcoin Buzz YouTube channel.

⬆️ Our popular Altcoin Buzz Access group generates tons of alpha for our subscribers. And for a limited time, it’s Free. Click the link and join the conversation today.




Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.