BenSwap Review 2026: A Small smartBCH DEX with Farms and a Lottery

BenSwap is a decentralized exchange and yield farm that launched in 2021 and focuses on Smart Bitcoin Cash Chain (smartBCH), with a BNB Chain deployment as well. It describes itself as a home for dog-coin and meme-token fans, and its homepage claims lower costs and faster trades than Ethereum-based exchanges.

Beyond swaps, it offers farms, a ranch tool for custom staking pools, a lottery in its EBEN token and blind boxes. The EBEN token is also called Green Ben, and a second token, PokéBen Crystal (PBC), appears in its tokenomics.

The scale today is small. DefiLlama shows about $31,700 in total value locked and no meaningful recent change. A project page was last updated roughly a year ago, so development activity looks low. It does not publish its team, fee levels or audit reports on the pages reviewed.

BenSwap is an automated market maker. Instead of matching buyers and sellers, users trade against pools of two tokens. Prices move according to the ratio of tokens in the pool, so larger trades relative to pool size cause bigger price changes.

Liquidity providers deposit token pairs into a pool and receive LP tokens. These can be staked in farms, where the project pays out reward tokens such as EBEN. The ranch tool lets users set up their own farms for LP tokens.

On top of the exchange, BenSwap runs a lottery in EBEN, with tickets represented as NFTs, and a blind box feature with mystery prizes. The project states its aim as becoming a leading DEX and incubator for dog and meme coins on smartBCH.

BenSwap does not publish a fee schedule on the pages reviewed. Swap fees, farm reward rates and lottery ticket prices are not stated, so users should check them inside the app before approving any transaction.

On any AMM, users also pay network gas on the chain they use and face price impact on thin pools. With TVL near $31,700, price impact on larger trades could be significant.

Two audits are listed against BenSwap, but the pages reviewed do not say who performed them, when, or what they found. No team information is published either. Users should look for audit reports and contract addresses from the project's verified channels.

As a non-custodial DEX, you keep your own keys, but you are exposed to smart-contract bugs, rug-pull style token risk, impermanent loss and very thin liquidity. The lottery and blind boxes involve chance, and rules on such features vary by country, so check that they are legal where you live. Participation is for adults aged 18 or over, and you should play within your means. No licence or regulatory status is stated.

BenSwap is for experienced DeFi users who already use smartBCH or BNB Chain and are curious about meme and dog-coin pools. It is not a good fit for beginners, anyone needing deep liquidity for large trades, or people who want clear published fees, team details and audit reports.