10K Swap - Exchange Review

10K Swap decentralized AMM on Starknet

Protocol and positioning

10K Swap runs as an open-source automated market maker (AMM) on Starknet Mainnet. Its design focuses on low-cost token swaps and liquidity pools, benefiting from rollup technology to minimize gas fees for DeFi users.

Activity and volume

Daily decentralized trading volume averages around $88,000, equivalent to about 1 BTC. This keeps 10K Swap well outside the ranks of major DEXs, showing limited adoption and liquidity.

Supported assets and ecosystem

The protocol supports ETH, USDT, USDC, DAI, WBTC, and Starknet's STRK token. Liquidity providers can join pools and earn yield. 10K Swap also ties into Starknet's DeFi Spring program, giving users access to STRK incentives for added engagement.

Status and accessibility

Still in alpha stage, 10K Swap offers minimal tooling. Its website directs users to Discord or Twitter for updates, emphasizing the experimental nature of the project.

Strengths & weaknesses

StrengthsWeaknesses
  • Built on Starknet with Layer 2 speed and efficiency.
  • Open-source AMM, fostering transparency and trust.
  • Supports major tokens plus STRK with DeFi Spring rewards.
  • Low-cost swaps compared to Ethereum L1.
  • Daily trading volume under $100k limits scale and liquidity.
  • Alpha-stage platform with limited UI and features.
  • Unregulated, with support limited to Discord/Twitter.
  • Risk of slippage and illiquidity for niche tokens.

Final word

10K Swap shows what Starknet-native DeFi can look like: open, efficient, and community-driven. But adoption is tiny. With shallow liquidity and modest daily volumes, it's more proof-of-concept than powerhouse. For Starknet enthusiasts, it's a practical starting point. For serious traders, the small scale makes it unsuitable for heavy activity.

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