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Biswap V3 Review 2026: Multichain AMM With 80% LP Fees

Biswap V3 is a multichain automated market maker DEX running on BNB Chain, Ethereum, Arbitrum and Base. It pays liquidity providers 80% of trading fees, but its reported TVL is now small.

By the DappsAtlas editorial team · Updated Nov 5, 2026

DappsAtlas score

6.2/10

Mixed

Visit Biswap V3

Our verdict on Biswap V3

6.2/10

Biswap V3 suits DeFi users who want a V3-style AMM on BNB Chain, Ethereum, Arbitrum or Base and are comfortable managing liquidity ranges. Its main strength is the 80% trading fee share for liquidity providers, plus BSW rewards on BNB Chain and extras such as limit orders. The main caveat is scale: TVL is about $399,000 and BSW trades at a very low price, so liquidity depth and reward value are weak. Read the audits and test with small amounts first.

Score breakdown

How Biswap V3 scores

Security: 5.5/10
Ease of use: 7.0/10
Fees: 6.0/10
Features: 7.0/10

Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.

What is Biswap V3?

Biswap V3 is the concentrated-liquidity version of Biswap, a decentralized exchange that works across BNB Chain, Ethereum, Arbitrum and Base. The homepage pitches it as a place to buy, sell and earn crypto with flexible trading tools and low fees.

The project's description says liquidity providers get 80% of trading fees, and those providing liquidity on BNB Chain can also earn the BSW token. It cites 2.7M+ users, a 600K+ community and $48B+ in total trading volume, though these are the project's own figures and are not independently verified here.

Current activity looks modest. Tracked TVL is about $399,000, flat over the past week, and the BSW token trades at a very low price with small reported daily volume. It has been listed since July 2023.

How Biswap V3 works

Biswap V3 is an automated market maker. Instead of an order book matching buyers and sellers, traders swap against pools of tokens deposited by liquidity providers. Prices move along a formula as the pool balance changes.

In the V3 design, liquidity providers can concentrate their funds within a chosen price range. This can make capital more efficient and reduce slippage near the current price, but positions can go out of range and stop earning fees. Providers also face impermanent loss when prices move.

The project says liquidity providers receive 80% of trading fees. Those who supply liquidity on BNB Chain can additionally earn BSW tokens through farming. The documentation also lists limit orders, perpetual trading, a bridge and liquid staking as parts of the wider Biswap suite.

7 features

Key features

V3 AMM trading

Swaps run on a V3-style automated market maker with flexible trading tools, available on four networks.

Multichain support

Users can trade across BNB Chain, Ethereum, Arbitrum and Base from the same project.

80% fee share

Liquidity providers receive 80% of trading fees, according to the project description.

BSW farming rewards

Liquidity provided on BNB Chain can also earn BSW rewards through V3 farms, including pools such as TUSD that the project has promoted.

Limit orders

Project documentation lists V3 limit orders alongside standard exchange trading.

Wider product suite

Documentation also lists perpetual trading, a cross-chain bridge and liquid staking among the Biswap products.

Pool analytics

The site links to analytics pages showing pool data for V3 liquidity.

Pros and cons

What we like

Runs on four networks: BNB Chain, Ethereum, Arbitrum and Base
States that liquidity providers receive 80% of trading fees
V3 concentrated liquidity can improve capital efficiency
Offers BSW farming rewards on BNB Chain
Two audits are listed for the project
Broader suite includes limit orders, perpetuals, a bridge and liquid staking

Watch out for

Reported TVL is small, around $399,000, which can mean thin liquidity and higher slippage on larger trades
BSW trades at a fraction of a cent with very low reported 24-hour volume, which signals weak market activity
BSW rewards for liquidity providers apply only on BNB Chain
Audit details are not described beyond a count of two listed audits, so scope and findings are unclear
Team, governance and treasury information is not published on the homepage
Concentrated liquidity positions carry impermanent loss and require active management

Biswap V3 fees

Biswap says liquidity providers receive 80% of trading fees, which implies the remaining share goes elsewhere in the protocol. The homepage promotes low fees but does not state specific fee tiers.

Users also pay network gas fees on each chain, which vary with congestion. Per-pool fee tiers should be visible in the swap and liquidity interfaces and on the analytics pages before confirming a transaction.

Is Biswap V3 safe?

The tracking data lists two audits for Biswap, but its homepage does not name the auditors or share reports. Smart-contract risk, including bugs and exploits, applies to any DEX, and audits do not remove it. Users keep custody of their tokens in their own wallets, which avoids exchange counterparty risk but means mistakes such as approving malicious contracts are not reversible.

The project does not publish licensing or regulatory details, and the team is not named. With low TVL and a thinly traded native token, liquidity and reward-token value are additional risks. Check local rules on using DeFi platforms before you trade.

6 steps

How to get started with Biswap V3

1
Install a Web3 wallet that supports EVM networks and fund it with the chain's gas token, such as BNB for BNB Chain.
2
Open the official Biswap site and check the address carefully to avoid copycat sites.
3
Connect the wallet and select BNB Chain, Ethereum, Arbitrum or Base.
4
Review the pool's fee tier, liquidity depth and price impact, then swap tokens with a small test amount first.
5
To provide liquidity, choose a V3 pool and set a price range, understanding the impermanent loss risk.
6
On BNB Chain, check whether the pool has a BSW farm and track your position through the analytics pages.

Open Biswap V3

Who Biswap V3 is for

Biswap V3 fits liquidity providers and traders who already use EVM wallets and want a concentrated-liquidity DEX on BNB Chain or its partner networks. It is less suited to large traders who need deep liquidity, or to beginners unfamiliar with impermanent loss and price ranges.

Biswap V3 FAQs

What is Biswap V3?

Biswap V3 is a decentralized exchange built on an automated market maker model. It lets users swap tokens and provide liquidity on BNB Chain, Ethereum, Arbitrum and Base.

Which blockchains does Biswap V3 support?

Biswap V3 is listed on BNB Chain, Base, Arbitrum and Ethereum. BSW farming rewards are described only for liquidity provided on BNB Chain.

How do liquidity providers earn on Biswap?

The project describes liquidity providers as receiving 80% of trading fees. On BNB Chain they can also earn BSW tokens. Actual returns depend on pool volume, price range and market conditions, and are not guaranteed.

What is the BSW token?

BSW is the native token of Biswap. It is a BEP20 token on BNB Smart Chain and is used for liquidity rewards. It trades at a very low price with small reported volume.

Is Biswap V3 safe?

The data lists two audits for the project, but the homepage does not detail who performed them or what they found. Any DEX carries smart-contract risk, so users should read the audit reports and only commit funds they can afford to lose.

What are the fees on Biswap?

Trading fees on individual pools are not listed in its homepage. Users can check each pool's fee tier in the app or analytics pages before swapping or adding liquidity.

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