Overview
DoveSwap V3 is a concentrated-liquidity AMM built on Polygon zkEVM. It positions itself as a light and functional DEX with low fees and fast finality. The design avoids noisy marketing and instead focuses on giving traders a simple swap tool and LPs a chance to experiment with tight liquidity ranges.
Quick facts
| Feature | Detail |
|---|---|
| Launch year | 2023 |
| Network | Polygon zkEVM |
| Model | AMM with concentrated liquidity ranges |
| Typical 24h volume | Low single thousands USD |
| Listed pairs | A handful at any time |
| Fee tiers | 0.05% - 0.30% - 1.00% |
| KYC | None - connect wallet only |
Liquidity and activity change fast, so numbers should always be checked in real time before placing large trades.
What it offers
DoveSwap V3 is minimal by design. The main tools are swaps and pool creation. Traders can execute quick swaps with low gas, while liquidity providers can launch new markets with custom price ranges. It is a stripped-down venue aimed at efficiency rather than feature overload.
Liquidity and activity today
The exchange is quiet compared to larger DEXs. Daily volumes often sit in the low thousands. Several pairs show thin depth, which means slippage risk is real. Traders who use DoveSwap V3 should split orders, avoid chasing volatile pairs, and keep sizes modest.
How liquidity provision works
The V3 mechanics let LPs set narrow or wide bands around price. Narrow ranges boost fee income if the price stays inside, but require frequent rebalancing. Wider bands reduce upkeep but dilute yield. The system gives flexibility, but it also demands active management.
Fees and LP returns
Fee levels depend on the tier selected when a pool is created. Stablecoin pairs usually run at 0.05% or 0.30%, while more volatile pairs often go up to 1.00%. Because trading volumes are thin, fee APR swings day by day. Realized yield is what matters more than theoretical percentages.
Token and incentives
The wider Dovish ecosystem has a token called DOV. On the exchange itself, there is no mandatory token use for swaps. Incentive programs have appeared from time to time, but they are not the core driver here. The main pitch is frictionless trading on zkEVM rather than heavy token farming.
Strengths and weaknesses
Strengths:
- Native on Polygon zkEVM with a clean UX
- Concentrated liquidity increases capital efficiency
- Low fees on many pairs
- Fast finality and cheap gas costs
- Straightforward pool creation
Weaknesses:
- Thin liquidity on several pairs
- Small daily volumes limit execution size
- Incentives are fragmented and listings are sparse
Who should use DoveSwap V3
This venue is best suited for Polygon zkEVM natives who value speed and simplicity. It also works for LPs who want to test concentrated ranges on niche tokens. It is less ideal for institutions or traders who need deep liquidity and consistent execution.
Practical tips
If you trade here, begin with small orders and track the effective price after gas. To reduce slippage, break large trades into clips. If you provide liquidity, set alerts when price leaves your range so you can rebalance quickly.
Final verdict
DoveSwap V3 delivers a working, no-frills AMM on Polygon zkEVM. It is fast, fees are fair, and the interface is easy to use. The main drawback is scale - volumes are low and liquidity is patchy. For smaller trades and experimental LPs, it offers a functional option. For larger players or projects seeking high-volume markets, it remains a secondary venue until activity grows.