Overview
DyorSwap is a non-custodial decentralized exchange deployed on emerging EVM-compatible chains like Mode, Ink, World Chain, and Blast. It lets users connect wallets and swap tokens directly - no account, no KYC - just permissionless swapping across niche networks.
Supported Chains and Liquidity
The platform runs on smaller chains - Mode, Ink, Blast and others - with on-chain liquidity pools. On Ink, there are 2 tokens and around 5 trading pairs with roughly 2800 USD in daily volume. On Mode, trading volume is low but active users average about 44 wallets per day.
Fee Model and DYOR Token
Trading fees are minimal - on-chain gas costs only, with no added platform fees. The DYOR token is used for governance, staking, community incentives and fee reductions through token-holding rewards.
Interface and Gas
Swapping is rapid and gas-efficient on smaller chains. DyorSwap offers an "Expert Mode" featuring routing across multiple DEXes for better pricing and deeper liquidity.
Staking and Rewards
Users can stake DYOR tokens to earn yields - APY can range up to about 25 percent depending on pool performance and TVL.
Security and Custody
Non-custodial model keeps funds in user wallets. The exchange is built on smart contracts with no history of hacks reported. Users must rely on verified contracts and safe wallet practices.
Volume, Liquidity and Activity
Overall activity is modest. Ink-based DyorSwap sees around 2800 USD per day in volume with five pairs. Mode-chain activity averages about 44 daily addresses. World Chain shows small volume - around 441 USD daily across niche tokens.
Pros and Cons
- Pros:
- Permissionless swaps on emerging chains
- Simple, wallet-connected user experience
- Low fees (gas only) and no deposit costs
- DYOR token for staking and governance
- Cons:
- Very low liquidity and volume
- Limited token selection per chain
- Newer codebase, with less audit history
- Might be risky for large or high-value trades
Final Thoughts
DyorSwap is ideal for DeFi users curious about small-chain DEXes with DYOR token utility. It works best for low-volume swap needs and token staking enthusiasts. Its simplicity and on-chain control are clear strengths - but don't expect deep liquidity or advanced features. Great for experimenting, not ready for high-volume use.