Fresh snapshot
Verse DEX launched in April 2022 via Bitcoin.com. It uses Uniswap V2-style AMM mechanics and applies a 0.3% trading fee - 0.25% goes to LPs and 0.05% to the protocol. Verse is built to integrate with the Bitcoin.com Wallet and aims to onboard DeFi newcomers.
Show me the numbers
On-chain total value locked (TVL) is just over $1 million. Ethereum hosts most of it; SmartBCH trails with a small contribution. Daily DEX volume is modest - around $15,000. The VERSE token trades at ~$0.000075, with a market cap of ~$3 million and FDV around $14 million - roughly 14x TVL.
What’s working, what’s not
The codebase is sound. Wallet connection, swapping, farming, and staking all work. The DEX has passed audits and promotes multichain ambitions. It also features a token burn mechanism - active via a dedicated "burn engine."
Yet on-chain usage is thin. Most activity flows through centralized exchanges. Only a few on-chain transactions happen daily. Liquidity is low. The potential is there - but users aren't.
Quick metrics
| Aspect | Status |
|---|---|
| Exchange model | AMM DEX on Ethereum and SmartBCH |
| TVL | ~$1 million |
| Daily swaps | ~$15k |
| Token price | ~$0.000075 |
| Market cap | ~$3 million |
| FDV / TVL Ratio | ~14x |
| On-chain activity | Very low (few transactions per day) |
| Token burn | Active via burn engine |
Final take
Verse DEX offers a sleek, audited DeFi portal from Bitcoin.com. The build is credible. But on-chain traction is light. For DeFi beginners, it’s a clean launchpad. For experienced traders - not much is happening yet.