Overview
PulseX V2 is a decentralized automated market maker on PulseChain, rolled out in 2023. It aims to deliver deep liquidity, fast trades, and deflationary tokenomics via PLSX burns. Unlike a generic fork, it mixes Uniswap-style mechanics with aggressive token incentive design.
Quick facts
| Feature | Detail |
|---|---|
| Launch year | 2023 |
| Network | PulseChain |
| Model | Uniswap-style DEX with concentrated liquidity, fee burns and multi-reward staking |
| Daily volume | High - approx 8M to 9M USD |
| TVL | Around 92M USD |
| Coins listed | 92 |
| Trading pairs | 512 |
| Fee structure | ~0.29%, with ~6% burn for PLSX and remaining split to LPs |
| Incentives | LP fees plus layered liquid staking rewards (IRS, INC, DAO-governed incentives) |
What it offers
PulseX V2 blends AMM swapping, liquidity provision, and token-driven deflation. Traders benefit from fast, low-fee swaps on PulseChain. LPs earn protocol fees plus incentives, with burns creating downward pressure on supply. Latest expansions add layered staking - earn IRS and INC while holding LP tokens.
Liquidity and activity today
Liquidity is substantial - daily trading volume ranges 8M to 9M USD, with TVL around 92M. These numbers make PulseX V2 one of the top DEXs in its ecosystem, with deeper pools and tighter spreads than many rivals.
How pricing and LPing work
Swaps use typical constant-product AMM logic. LPs earn from trades through a 0.22% to 0.29% swap fee, a portion of which (around 6%) buys and burns PLSX. The latest update includes multi-reward stacking: LPs can earn IRS tokens and INC rewards simultaneously.
Fees and LP economics
With robust volume, estimated fees per year reach over 12M USD, and daily LP revenue sits around 5-6k USD. For LPs, that’s commendable yield, boosted further by PLSX burns and IRS/INC stacking - though yield fluctuates with usage.
Token and incentives
PLSX is central. Each trade helps burn PLSX, reducing supply over time. On top, LPs can stake in layered yield farms - earn IRS and INC while still collecting trade fees. INC distribution is expected to be governed by a DAO later in 2025.
Strengths and weaknesses
Strengths:
- Deep liquidity and strong daily volume
- Fast execution and low PulseChain fees
- Deflationary tokenomics via burn mechanics
- Multi-layered rewards increase LP attraction
- Active roadmap with DAO governance and staking
Weaknesses:
- New chain risk - PulseChain still evolving
- Smart contracts may lack formal auditing
- Regulatory and founder-related uncertainties remain
- Incentive complexity may challenge newcomers
Who is it for
PulseX V2 suits PulseChain-savvy users and DeFi yield seekers. If you’re comfortable with emerging chains and active LP strategies, this DEX is compelling. It’s less friendly for beginners needing fiat rails, cross-chain integration, or audited guarantees.
Practical tips
Begin with core pairs (like PLSX-PLS or stablecoin routes) to minimize slippage. Check live gas fees - PulseChain is fast and cheap, but spikes can happen. If you provide liquidity, stake via layered farming for maximum yield, and track PLSX burn versus issuance to estimate yield sustainability.
Final verdict
PulseX V2 is an aggressive, high-yield AMM on PulseChain. With strong liquidity, appealing tokenomics, and evolving governance, it stands out in its niche. Risk remains - early-stage chain, DAO still forming, regulatory noise - but for active DeFi users, it’s both functional and promising.