Bluefin
AuditedVerifiedRisk AlertSui's main trading venue: a concentrated-liquidity spot DEX, an on-chain perpetuals exchange and an RFQ swap layer, run by a four-year-old named team. Every upgrade and pause capability sits with a single key.
Active Risk Alerts
Live signals detected by Sentinel monitors across all five risk classes.
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Score history
This rating is re-checked every month. A point is recorded for every check, so a flat line means we looked and nothing moved. Hover anywhere on the chart to see what moved that month, and by how much.
The Problem
Sui needed a trading venue that could hold professional flow — tight spot markets, real perpetual futures with an orderbook rather than an AMM, and execution that does not leak value to MEV — without users leaving the chain for a centralised exchange.
The Solution
Bluefin runs all three under one roof: a Move concentrated-liquidity AMM for spot, a cross-margin perps exchange whose orderbook and matching engine sit off-chain while settlement, margin and liquidation stay on-chain, and an RFQ layer where execution agents compete on price so the user gets a firm quote with zero slippage and sponsored gas.
Why it Matters
It is the volume leader's closest challenger on Sui — roughly $14.7B traded in the past year — and the only venue on the chain offering spot, perps and RFQ as one account. BluefinX's agent-auction model and the formally-verified integer library behind the CLMM are genuine engineering contributions rather than a fork. The cost of that integration is concentration: the same single key administers all of it.
Protocol Metrics
Related Research
View allFrequently asked questions about Bluefin
What is Bluefin?+
Bluefin is a DEX protocol operating on Sui. Sui's main trading venue: a concentrated-liquidity spot DEX, an on-chain perpetuals exchange and an RFQ swap layer, run by a four-year-old named team. Every upgrade and pause capability sits with a single key.
How does Bluefin work?+
Bluefin runs all three under one roof: a Move concentrated-liquidity AMM for spot, a cross-margin perps exchange whose orderbook and matching engine sit off-chain while settlement, margin and liquidation stay on-chain, and an RFQ layer where execution agents compete on price so the user gets a firm quote with zero slippage and sponsored gas.
Is Bluefin safe?+
DeFi Sentinel rates Bluefin BB with a safety score of 61/100, indicating elevated risk. The score reflects five risk dimensions: smart contract & technical risk, economic design & market risk, governance & centralization, sustainability & competitive position, and reputation & social trust. Bluefin has 6 audits on record. DeFi Sentinel's analysis flagged 3 high, 6 medium, 4 low risk alerts across Smart Contract & Technical Risk, Economic Design & Market Risk, Governance & Centralization, Sustainability & Competitive Position and Reputation & Social Trust. As with all DeFi protocols, residual risk remains and users should review the full risk breakdown before depositing.
What is the safety score of Bluefin?+
Bluefin has a DeFi Sentinel safety score of 61/100 (rating BB), last updated September 17, 2026. The score is computed across smart contract & technical risk (30%), economic design & market risk (25%), governance & centralization (20%), sustainability & competitive position (15%), and reputation & social trust (10%).
Which chains does Bluefin support?+
Bluefin is deployed on Sui.
Has Bluefin been audited?+
Yes. Bluefin has 6 audit reports on record from firms including Trail of Bits, OtterSec, OtterSec. Audit reports and dates are linked under the Resources tab on this page.