Home › Crypto › DEXs › Vertex Protocol

Vertex Protocol: score, security record and what it is for

68/100SCORE · CTrusted Grade C, fair

Vertex combines an off chain orderbook with an onchain AMM backstop, offering spot, perpetuals and money markets in one place at very low fees. Matching off chain is a trust assumption. No exploit on record.

The facts

LIVE SINCE: 2023
TYPE: Hybrid orderbook and AMM
CHAINS: Arbitrum, Base, Sei
SWAP FEE: Around 0.02 percent taker, zero maker.
AUDITS: Audited.
WHO CAN CHANGE IT: VRTX token governance.

How the score breaks down

security20/30

liquidity14/25

chains11/15

costs14/15

decentralisation9/15

Where it is strong and where it is not

✓ Strengths

Hybrid orderbook with AMM backstop gives good execution
Spot, perpetuals and money markets in one venue
No exploit on record
Very low fees

✗ Weaknesses

Off chain sequencer for matching, which is a trust assumption
Thinner liquidity than Hyperliquid
Younger

Exploit history

No exploit of the core contracts on record.

Our read

A well built hybrid venue with a clean record. Matching happens off chain for speed, which is a trust assumption worth knowing about.

BEFORE YOU SWAP

Swap keeps failingSlippage, approvals, taxes and thin liquidity. Revoke approvalsEvery swap leaves a permission behind. Clear them. Gas tokensWhy you need the chain's native coin first. Pick a walletYou need self custody before you can use any DEX.

RISK WARNING Crypto assets are highly volatile and largely unregulated. You can lose everything you put in. Nothing on this page is financial, investment or tax advice, and nothing here is a recommendation to buy or sell any asset. Do your own research and never commit money you cannot afford to lose.