Not another DeFi clone
ICPSwap isn’t chasing hype. It’s not trying to be the next Ethereum killer or some flashy cross-chain magic box. It’s simple. It’s native. It works on Internet Computer and does what it says: swap tokens, farm, stake, govern. That’s it.
You won’t find gimmicks or hidden fees. No crazy APYs that vanish in a week. Just a clean interface, a growing list of tokens, and actual users. If you’re inside the ICP ecosystem, this is your go-to tool.
Built for ICP, not for everyone
Everything here runs on Internet Computer’s infrastructure. No EVM bridges. No wrapped tokens from ten other chains. ICPSwap is for those who already use ICP and want to stay in that world. It’s fast, decentralized, and surprisingly smooth for a chain that’s still flying under the radar.
Swaps feel instant. Limit orders exist (yes, real ones). Liquidity pools aren’t huge, but they’re active. You can stake. You can farm. And if you hold the ICS token, you get a voice. DAO voting isn’t just a checkbox here - it actually works.
Real numbers, small but growing
Let’s talk liquidity. TVL is around 9 million bucks. Not massive. But not a ghost town either. The daily volume floats between 500k and 700k. Monthly? About 12 to 13 million. That’s decent for a chain that isn’t in the spotlight.
People are using it. Pools are live. Trades are happening. Not huge whales. But consistent activity. That’s more than you can say for half the DEXs out there.
The ICS token - slow burn
ICS is the fuel here. You use it for staking, farming, governance. Fees feed back into it. Some get burned. Some go to LPs. Some go to the team. It’s all out in the open.
Price? Around half a cent. Volume? Quiet. About 14k a day. Liquidity sits just under 300k. Not much movement, but also no big dumps. It’s holding its ground - and that says a lot in 2025.
This isn’t a moonshot. It’s a slow grind. Maybe that’s the point.
Security and transparency
No rug pulls. No exploits. No mystery wallets draining liquidity. Contracts are open-source. Audits were done. Fees are visible: 0.3 percent per swap, split fairly. You know where your tokens go. You know how the platform earns. That kind of clarity is rare.
What’s missing?
There’s no margin. No leverage. No perps. It’s spot only. Also, you’re stuck inside ICP. If you’re coming from Solana or Arbitrum, this might feel like a closed box.
The token isn’t super liquid. The volume is good for DEX size - but you can’t move big amounts without slippage. And if you’re used to massive DeFi platforms, the pace here might feel... calm. Maybe too calm.
Pros
- Clean, fast ICP-native interface
- Stable TVL and honest daily volume
- Full set of features - swap, stake, farm, vote
- Transparent fee structure
- No security drama or dev silence
Cons
- Small ecosystem - you’re stuck on ICP
- ICS token has limited liquidity
- No leveraged trading or advanced markets
- Not ideal for users outside the ICP bubble
Who should use it
If you’re in the Internet Computer world already - this is the platform you need. ICPSwap is built for you. It lets you trade, farm, and earn without jumping chains or worrying about bridges.
If you’re new to ICP, it’s still worth a look. But don’t expect Binance-tier liquidity or flashy incentives. This is DeFi done at a slower, steadier pace.
Final thoughts
ICPSwap does what it’s supposed to. It doesn’t chase trends. It doesn’t fake volume. It just works. In a world full of overbuilt platforms and short-lived tokens, that’s refreshing.
It might not be the biggest. Or the fastest-growing. But it’s real. And in 2025, that counts for something.