Overview
YodeSwap is an AMM-style DEX built natively on the Dogechain Network. It debuted in 2022 with its own token, YODE, and promised basic swap functionality with yield incentives for early liquidity providers.
Activity and Volume
Trading is almost non-existent. Reported 24-hour volume barely reaches a few dollars, with only a couple of pairs like DC-WWDOGE and YODE-WWDOGE showing minimal activity. TVL remains low, around 80K USD, reflecting little capital locked in pools.
Token Value and Metrics
The YODE token trades at approximately 0.0033 USD. Circulating supply is close to 10 million, with a market cap of about 24K USD. The token has dropped dramatically from its all-time high of over 13 USD back in 2022.
Liquidity and Ecosystem Relevance
Liquidity is shallow, spreads stay wide, and order depth rarely exceeds a few hundred dollars. Within the Dogechain ecosystem, YodeSwap holds a minor position with very little adoption or user activity.
Security and Transparency
There are no confirmed audits, and transparency about contract ownership or security practices is lacking. The project has no institutional support or compliance recognition.
Community and Presence
Community engagement is almost zero. Social channels are quiet, there are no trust ratings, and the project rarely appears in DeFi discussions. Web traffic is negligible, showing limited interest.
Pros and Cons
- Pros:
- Built for Dogechain with simple swap mechanics
- Low token entry price
- Cons:
- Trading volume near zero with minimal liquidity
- TVL under 100K USD and weak token activity
- No audits or clear security measures
- Absent community and lack of user trust
Final Thoughts
YodeSwap started with the idea of becoming a native DEX for Dogechain, but now it feels abandoned. Trading activity is almost gone, liquidity is thin, and the token has lost nearly all its value. Anyone considering it should treat the platform as highly risky – and only test it with small amounts.