What is the Stellar DEX?
Stellar includes an exchange at the protocol layer. Accounts place buy and sell offers in on-chain order books, and path payments can convert assets through available offers and eligible liquidity pools.
Stellar-native markets
Stellar DEX for XLM swaps, trading, and liquidity
A practical guide to the protocol-native Stellar decentralized exchange, exact asset issuers, path payments, and liquidity pools - with direct routes into Sadhana's live tools.
Why XLM matters
XLM is Stellar's native asset. It pays network fees, contributes to account reserve requirements, and often acts as a quote or routing asset across Stellar markets.
How Sadhana connects Stellar markets
The application keeps discovery, execution, market context, and liquidity in one Stellar-focused workflow.
Discover exact assets
Search by token code, complete issuer address, or issuer home domain. Sadhana keeps the exact CODE-ISSUER pair attached to every route.
Swap through live paths
Review exchange rate, minimum received, price impact, and route before authorizing a non-custodial Stellar transaction.
Trade and supply liquidity
Open exact-pair charts, inspect market activity, and work with Stellar's protocol-native constant-product pools.
Exact issuers prevent ticker ambiguity
A Stellar asset is not identified by its ticker alone. The complete identity is the asset code plus issuer public key. Two issuers can publish assets with the same code, so Sadhana carries the exact issuer and home domain from discovery into Swap, Trade, and Pool routes.
Before signing, verify the asset code, issuer, domain, amounts, and slippage shown by your wallet. Market availability depends on live order-book offers or liquidity-pool reserves. The official Stellar path-payment guide explains why a route can succeed or fail.
Curated Stellar asset references
These pages identify Sadhana's priority assets by their exact Stellar issuer and link directly to working market actions. Verification is an identity signal, not an investment endorsement.
XLMnative
SADHANAGBWC6P5EDUK2XQZXVRLBYOJ7TM2Z6PQZ5B42SSQOTUMUKVYUCZOMSADH
USDCGA5ZSEJYB37JRC5AVCIA5MOP4RHTM335X2KGX3IHOJAPP5RE34K4KZVN
SHXGDSTRSHXHGJ7ZIVRBXEYE5Q74XUVCUSEKEBR7UCHEUUEK72N7I7KJ6JH
yXLMGARDNV3Q7YGT4AKSDF25LT32YSCCW4EV22Y2TV3I2PU2MMXJTEDL5T55
AQUAGBNZILSTVQZ4R7IKQDGHYGY2QXL5QOFJYQMXPKWRRM5PAV7Y4M67AQUA
XRPGBXRPL45NPHCVMFFAYZVUVFFVKSIZ362ZXFP7I2ETNQ3QKZMFLPRDTD5
VELOGDM4RQUQQUVSKQA7S6EM7XBZP3FCGH4Q7CL6TABQ7B2BEJ5ERARM2M5M
USDYGAJMPX5NBOG6TQFPQGRABJEEB2YE7RFRLUKJDZAZGAD5GFX4J7TADAZ6
PYUSDGDQE7IXJ4HUHV6RQHIUPRJSEZE4DRS5WY577O2FY6YQ5LVWZ7JZTU2V5
Stellar DEX questions
What is the Stellar decentralized exchange?
The Stellar network includes a protocol-native decentralized exchange. Accounts can place offers in order books, while path payments can cross order books and eligible Stellar liquidity pools to convert between assets.
What is XLM used for on Stellar?
XLM is Stellar's native asset. It pays network transaction fees and contributes to account minimum-balance requirements. It is also commonly used as a quote and routing asset in Stellar markets.
Why does a Stellar token need an issuer address?
Issued Stellar assets are identified by both asset code and issuer public key. Different issuers can use the same code, so checking the complete CODE-ISSUER pair and the issuer's home domain helps distinguish exact assets.
How do Sadhana swaps execute?
Sadhana discovers executable Stellar paths, displays slippage protection, and builds a Stellar transaction for the connected wallet to authorize. A route must have sufficient order-book offers or liquidity-pool liquidity to execute.
How do Stellar liquidity pools work?
Stellar supports constant-product liquidity pools. Liquidity providers deposit both reserve assets and receive pool shares. The protocol pool fee is 30 basis points, or 0.30 percent, and fees accrue proportionally to pool participants.
Explore the Stellar trading layer
Search Stellar assets by code, issuer, or home domain, then move into the exact XLM market without losing the selected asset.