> For the complete documentation index, see [llms.txt](https://adrena.gitbook.io/adrena/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://adrena.gitbook.io/adrena/about-adrena/what-is-adrena.md).

# What is Adrena?

Adrena is a decentralized and open source spot and perpetual exchange built on Solana with low swap fees and ZERO price impact trades.

The dApp is permissionless, meaning anyone can trade directly from their own wallet unlike most Perp DEXs which require you to create an account and deposit assets. (see [Trading](broken://pages/RNGkeeugiQHahS0bQBlq))

Trading is supported by a multi-asset pool that earns liquidity providers fees from lending to traders, swap fees, and additional token incentives (see [Providing Liquidity](/adrena/about-adrena/providing-liquidity-todo.md)).

The application is supported by a 2-token model; [$ADX](/adrena/tokenomics/adx.md) (governance token) and [$ALP](/adrena/tokenomics/alp.md) (LP token). $ADX gives users voting rights to control the platform through the Adrena DAO. $ADX also participates in 20% revenue share of the platform. $ALP is the representation of the multi-asset pool and earns 70% of the platform revenue. (see [Revenue Sharing](/adrena/about-adrena/fees/revenue-sharing.md) and [Tokenomics](/adrena/tokenomics/tokenomics-overview.md))

Dynamic pricing is supported by Chaos Labs using pull model (update in April 2025). \
Automation is handled by our open-source rust Keepers based on Yellowstone GRPC.


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