Overview
OneSwap was introduced in September 2020 as a hybrid DEX combining automated market making and on-chain order books. It supported permission-free token listings, AMM pools, and limit orders through its ONES governance token.
Platform Overview
On paper OneSwap offered:
- Token swaps via AMM pools
- Limit orders matched through an on-chain order book
- Permissionless listing of tokens
- Governance functions via the ONES token
Despite those features, activity appears to have dried up. No current data confirms active markets or transactions.
Trading Volume and Liquidity
The project has been marked as untracked on data platforms – meaning no spot volume, account depth or reserve data is available. Smart contract analytics report zero balance, zero transactions and zero user activity over recent weeks. In other words, no visible liquidity, limited user engagement, and no confirmed trading.
Token Activity and Pricing
The ONES token shows minimal data. Some platforms report 24-hour volume around zero or under ten thousand USD, with negligible market cap. Other sources list the token price below one cent with almost no trades, suggesting market interest has faded.
Security and Regulation
OneSwap operates without formal regulatory status. No recent audits or compliance disclosures are available. Reputation metrics are missing, and user reviews or third-party trust scores are not present.
User Feedback and Community Signals
There are no active reviews or ratings on crypto forums or DEX-aggregator sites. OneSwap has virtually no presence in user discussions, indicating limited or zero community traction.
Pros and Cons
| Pros | Cons |
|---|---|
| Hybrid architecture blending AMM and limit order book | Completely untracked – no programs for liquidity or volume tracking |
| Permissionless token listing model | Zero visible activity on the platform for months |
| ONES token governance and fee burn mechanism in its original design | No audit evidence or regulatory compliance |
| Very low token liquidity and no peer engagement | |
| Platform appears effectively dormant |
Final Thoughts
OneSwap promised next-generation DeFi with hybrid order book and AMM tech. Yet today all signs point toward inactivity. With no confirmed trades, volume, liquidity or community traction, it feels more like a shelved experiment than a functioning exchange. Anyone considering its use should proceed with extreme caution and be ready to accept very high risk.