Overview
VaporDex launched around 2021 in the Bahamas as a DEX built for the VaporFi ecosystem. The platform promotes token swaps, liquidity pools, staking, bridging and loyalty rewards via its VAPE token.
Snapshot View
The platform offers swap, stake, pool and bridge features under one roof. The ecosystem token VAPE powers governance, rewards and staking incentives. It claims to work across multiple blockchains using partner bridges, extending its reach beyond Avalanche.
Trading Volume and Markets
CoinMarketCap data shows total spot volume at around 16K USD in 24 hours. CoinGecko lists roughly 7 coins across 10 pairs with 24-hour trading near 5K USD, and bid-ask spreads averaging 0.7 percent. Liquidity remains minimal, with periods of very low activity and long gaps between trades.
Security, Compliance and Trust
VaporDex is not regulated by any recognized financial body. There are no public audit reports or third-party security certifications. Safety scans show no major warnings, but there are no crypto-specific trust metrics either. User reviews are absent, leaving the reputation untested.
Platform Mechanics and Fees
Maker and taker fees are reportedly set to zero, although the low activity means this policy is hard to verify. All operations are wallet-based. While bridging and multi-chain functions are advertised, current usage suggests they are rarely employed.
Community and On-Chain Presence
Community activity is close to non-existent. Social media mentions are rare, web traffic is minimal, and user engagement metrics are weak. The platform has not generated a visible presence among DeFi enthusiasts.
Pros and Cons
| Pros | Cons |
|---|---|
| Integrated swap, stake, pool and bridge functions | Very low trading volume and liquidity |
| VAPE token supports rewards and governance | No audits or regulatory oversight |
| Design aimed at multi-chain access | No user reviews or active community |
| Minimal evidence of adoption |
Final Thoughts
VaporDex markets itself as a rewarding multi-chain DeFi platform, but the reality shows a product with almost no traction. Its features are ambitious, yet mostly unused. For anyone testing it, treat it as experimental. Risk only small amounts and verify current conditions before trading.