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Butter.xyz Review 2026: Mantle swaps and perps

Butter.xyz is a Mantle-based exchange offering AMM token swaps and perpetual trading. It also mentions a rewards program, but key details on fees, markets and reward terms are not published.

Mantle

By the DappsAtlas editorial team · Updated Nov 6, 2026

DappsAtlas score

5.0/10

Mixed

Visit Butter.xyz

Our verdict on Butter.xyz

5.0/10

Butter.xyz may suit Mantle users who want token swaps and perpetual trading in one exchange. Its main strength is that it brings both AMM swaps and perps together, with a rewards program also mentioned. The trade-off is sparse disclosure: fees, supported markets, leverage rules and reward terms are not specified, and the two listed audits lack published details here. Check the interface and contract risks carefully, especially before using perpetuals or relying on liquidity for a large trade.

Score breakdown

How Butter.xyz scores

Security: 4.0/10
Ease of use: 5.0/10
Fees: n/a
Features: 5.0/10

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 Butter.xyz?

Butter.xyz is a decentralized exchange listed on Mantle. It offers AMM token swaps and perpetual trading, and mentions a rewards program. Its project details do not specify supported assets, perpetual markets or reward terms.

The listed TVL is about $24,324, with a 1.4% increase over seven days. That is a limited snapshot, not a measure of execution quality or a guarantee that a particular market has enough depth. Butter.xyz does not publish a fee schedule in the project details.

How Butter.xyz works

Butter.xyz combines two exchange models. Its AMM swaps let users trade tokens against liquidity pools rather than matching each order with a specific buyer or seller. Pool liquidity and the size of a trade affect the price a trader receives, so review the quote and price impact before confirming a swap.

The project also describes a perpetuals exchange. Perpetual contracts let traders take positions that track an asset's price without an expiry date; funding payments and liquidation rules can affect the position. Butter.xyz does not specify its supported markets, leverage parameters or funding mechanics in the project details, so check these in the trading interface before placing a trade.

4 features

Key features

AMM token swaps

Butter.xyz is described as an automated market maker for token swaps on Mantle. Pool depth and execution prices can differ across assets.

Perpetual trading

The exchange is also described as offering perpetuals. Market selection, leverage and liquidation parameters are not specified.

Trading rewards

A rewards program is mentioned, but its eligibility rules, reward assets and distribution schedule are not stated.

Mantle deployment

The project is listed on Mantle, so users should check network and asset compatibility before trading.

Pros and cons

What we like

Combines token swaps and perpetual trading in one Mantle-based exchange.
The AMM model offers pool-based token swaps without a conventional order book.
A rewards program is mentioned alongside trading.
Two audits are listed, although their scope and results are not specified.

Watch out for

The fee schedule and trading costs are not published.
Details about supported tokens, perpetual markets, leverage and liquidation rules are not stated.
The reward program's eligibility, terms and payout details are unclear.
Two audits are listed, but their names, scope and findings are not specified.
The listed TVL is modest, which may limit available liquidity; market depth can vary by trading pair.

Butter.xyz fees

Butter.xyz's fee schedule is not published in the project details. The description characterizes its fees as low, but gives no rates or breakdown. Check the exchange interface before trading for swap fees, perpetual trading fees, funding rates and any other costs.

Is Butter.xyz safe?

Two audits are listed, but Butter.xyz does not identify the auditors, audit scope or findings in the project details. Treat that listing as limited assurance, not proof that the contracts are free of vulnerabilities. The custody model and incident history are not specified.

Trading involves smart-contract, liquidity and market risks. Perpetuals can add leverage, funding and liquidation risk; check the contract terms and trading parameters before using them. Licensing and KYC requirements are not stated. Use crypto services only where permitted by local law.

5 steps

How to get started with Butter.xyz

1
Find Butter.xyz's official trading interface and confirm it is the intended project before connecting a wallet.
2
Switch your wallet to Mantle and check that the assets you plan to use are on the correct network.
3
For a token swap, select the assets and review the quoted amount, price impact and transaction details before confirming.
4
For perpetual trading, review the available market, position terms, funding rate and liquidation conditions before opening a position.
5
Check the stated fees and any rewards-program terms in the interface; do not assume a reward applies unless its conditions are clear.

Open Butter.xyz

Who Butter.xyz is for

Butter.xyz is aimed at crypto users already working on Mantle who want access to both pool-based token swaps and perpetuals. It is a less suitable choice for traders who need a clearly published fee schedule, detailed market and liquidation parameters, or transparent audit reports before deciding where to trade.

Butter.xyz FAQs

What is Butter.xyz?

Butter.xyz is described as an exchange on Mantle that combines AMM token swaps with perpetual trading. It also mentions a rewards program, though its terms are not stated.

Which blockchain does Butter.xyz use?

The project is listed on Mantle. Check that your wallet and the asset you intend to use are on the correct network before interacting.

Does Butter.xyz offer perpetual trading?

Butter.xyz is described as offering perpetuals, but its available markets, leverage limits and liquidation rules are not specified. Review the trading interface and terms before opening a position.

What fees does Butter.xyz charge?

Butter.xyz's fee schedule is not published in the project details. Check the exchange interface for swap fees, trading fees, funding rates and any other charges before trading.

Has Butter.xyz been audited?

Two audits are listed, but their auditors, scope and findings are not identified. An audit listing does not eliminate smart-contract or trading risk.

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