MDEX

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

MDEX is a DEX — a decentralised exchange where users swap assets against on-chain liquidity pools rather than a central order book. It is deployed across 3 chains, including Binance, Bittorrent, Heco. The codebase has been independently audited (3 reports on file).

MDEX operates on 3 networks (Binance, Bittorrent, Heco), keeping its surface area narrower than chain-agnostic peers. Its TVL is heavily concentrated on Binance, which holds 100% of all assets — other deployments are comparatively small. 3 public audit reports are linked from DeFiLlama, which is on the higher end of transparency for the DeFi sector — most protocols of comparable TVL publish far fewer.

Verified external resources for MDEX — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

MDEX is one of 7 DEX protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Curve DEX, Uniswap V3, PancakeSwap AMM, and 3 more. These peer protocols collectively secure US$80亿 in deposits, giving you a frame of reference for whether MDEX's own TVL is at the top, middle, or tail of the category.

Curve DEX

TVL US$18.9亿 · 24h +0.39%

Uniswap V3

TVL US$17.7亿 · 24h -0.67%

PancakeSwap AMM

TVL US$17亿 · 24h +0.14%

Raydium AMM

TVL US$11亿 · 24h +0.66%

Uniswap V2

TVL US$8.7亿 · 24h -0.17%

Uniswap V4

TVL US$6.7亿 · 24h -0.47%