DeFiPlaza is an open-source, decentralized exchange operating on both Ethereum and Radix. Its Radix deployment is a next-generation automated market maker built to reduce impermanent loss and deliver higher, more consistent returns for liquidity providers, prioritising sustainable LP income over raw trade volume.
History
DeFiPlaza launched on Ethereum in October 2021, where it became one of the network's more capital-efficient DEXs with up to 124 trading pairs. Following a unanimous community vote, the project expanded to the Radix L1 after the Babylon upgrade, bridging its DFP2 token to Radix and launching its Radix DEX in October 2023. The team cited Radix's asset-oriented design and more favourable transaction-cost dynamics as reasons for the move to a more secure environment for complex DeFi.
Core Features
- Multi-token trading: direct swaps between many token pairs from a shared pool, reducing intermediary hops.
- Single-sided liquidity: LPs gain exposure only to the token they provide plus DFP2, the platform's internal base token.
- Concentrated liquidity & dynamic fees: liquidity concentration and trading fees adjust to market conditions to improve capital efficiency and sustainability.
- Annualised LP Returns (ALR): each pair surfaces an ALR metric so liquidity providers can compare pool performance directly.
DFP2 Token
DFP2 is DeFiPlaza's operational base token, paired against listed assets (for example ASTRL/DFP2, XRD/DFP2, and WEFT/DFP2) and used to route multi-token swaps. It bridges between the Ethereum and Radix deployments, giving the two-chain platform a shared unit of account.
Status & Metrics
DeFiPlaza on Radix remains live and operational. As of mid-2026 the Radix deployment held roughly $183,000 in total value locked across its listed pairs, with cumulative trade volume of about $10.9 million and roughly $69,000 in fees collected for liquidity providers. Metrics fluctuate with market conditions; current figures are shown live on the exchange.
Team
DeFiPlaza was created by three co-founders: Jazzer9F, the project's originator, an electrical engineer and long-standing Radix community member; UI_guy, responsible for front-end development; and djtrebel, who brought startup and community-engagement experience and is also associated with Astrolescent, a Radix DEX aggregator.