Glossary / DeFi
Decentralized Exchange — a non-custodial trading venue where users swap tokens via smart contracts instead of a centralized order book.
DEXes execute trades on-chain via AMM pools or order-book programs. Users keep custody of funds until the exact moment of a swap. No account, no KYC, no counterparty risk to a centralized entity.
On Solana, the main DEXes are Raydium (CPMM + CLMM), Orca (Whirlpools), Meteora (dynamic pools), and PumpSwap (pump.fun graduations). Jupiter aggregates across all of them.
The fastest way to internalize a term is to see it live on a Solana token you know. Paste any mint below to run a public Launch Score.