My First Try
Rhino.fi caught my eye while I was checking some L2 stuff. The old name, DeversiFi, sounded familiar. I opened the site without big expectations. First impression? Clean interface, fast loading, basic buttons like swap, bridge, staking. For a second I thought it might be active. But after a few clicks, it became clear – this thing is almost deserted.
What the Project Says
They promote it as a self-custody, low-fee DeFi platform. Multi-chain support, bridging stablecoins, staking DVF, governance, yields. Supposed to be faster and cheaper because it runs on Layer-2. Sounds great in theory.
What I Really Saw
Trackers mark it as untracked. No volume numbers, no market pairs, no reserve info. That’s already a warning. I tried to swap a small amount. The swap worked, fees were low. But liquidity is bad. Any larger trade gives huge slippage. Vaults are there, staking exists, but with no users it feels pointless. Rewards look like numbers on a screen, not something you actually earn.
Digging a Bit More
I looked for updates. Nothing recent. Socials? Dead. Community? Barely breathing. A DeFi project that doesn’t talk to its users is not a good sign. They have DVF token, yes, but almost no trading volume. You can stake it, but why, if nobody cares?
A Few Things Still Okay
- Tech side works – bridges function, swaps go through.
- Developers can still play with APIs, routing, and flows.
- It’s permissionless, which is always a plus.
Why It Feels Abandoned
Because there’s no life. No trades, no liquidity, no proof of reserves, no audits. No incentives for new users. It’s like someone built a cool car but left it in the garage. It starts, but nobody drives it.
Small DEXes sometimes survive because they have strong communities or unique features. Here, none of that. Just silence and unused tools.
Who Might Bother Using It
If you are a developer and just need to test Neon or cross-chain routing, fine, you might find use. If you hold DVF and want to keep staking it, go ahead, although it’s unclear why. Maybe some niche service uses it in the background. For traders, no. For liquidity providers, also no reason.
In 2025
The site is still online. You can open it, swap tokens, bridge assets. Contracts work, but nothing happens. Trades are rare, numbers don’t grow. It’s been like this for months. Feels like no one cares to fix it or improve it.
Should You Even Try
If you are curious, use tiny amounts. Don’t risk more. You can see how it works technically, but don’t expect much. No support, no activity, no updates. Developers might still test stuff here, but only with caution.
Final Word
Rhino.fi had a good concept. Multi-chain, low fees, self custody, zero-knowledge tech. Could have been something. But they didn’t keep it alive. Now it’s a platform that exists but does nothing.
You can try it out if you want, but keep your funds safe. For actual trading or farming, choose a place where there’s liquidity and real users. Rhino.fi right now is like an empty street – it’s there, but you walk alone.