Defi Swap Review 2026: Crypto.com's Uniswap V2 Fork

Defi Swap, branded Crypto.com DeFi Swap, is a decentralized exchange from Crypto.com. It is described as a fork of Uniswap V2, aimed at swapping and farming DeFi tokens. A September 2020 article reported its deployment as an automated market maker powered by the CRO token.

The DEX listing shows roughly $1.03 million in total value locked, with a 7-day change of about 1.1 percent, and two audits listed. The tracked deployment is on Ethereum, and the project's analytics pages also refer to the Cronos PoS chain. A promotional post from April 2025 suggests the protocol is still being marketed.

It is separate from the main Crypto.com app and exchange, which are custodial and require identity verification. DeFi Swap is non-custodial, with users trading from their own wallets. The Crypto.com site presents its onchain wallet as the route into DeFi products.

DeFi Swap is an automated market maker. Instead of matching buyers and sellers, it holds pools of two tokens. A formula keeps the pool balanced, so the price shifts as traders swap one token for the other. This is the constant-product design that Uniswap V2 introduced, and DeFi Swap is a fork of it.

Liquidity providers fund the pools by depositing both tokens in a pair. In return they receive pool shares and, in standard V2 designs, a cut of trading fees. DeFi Swap is also described as a place to farm, where extra rewards linked to the CRO token can be paid to providers. The exact reward terms are not in the reviewed material.

The risks are the usual ones for this model. If the prices of the two tokens diverge, providers can end up with less value than if they had simply held the tokens, which is called impermanent loss. Thin pools also mean larger slippage for traders.

The reviewed sources do not publish a fee schedule for DeFi Swap. Pair-level pages in the swap analytics section are where users would look for pool details, and the interface should show estimated costs before a swap is confirmed.

On top of any protocol fee, every transaction costs network gas. On Ethereum this can be significant for small trades. Slippage matters too, because pools with about $1 million in total value can move noticeably on mid-sized orders.

The listing data shows two audits, but the auditors, dates and findings are not given in the sources reviewed, so readers should look for the reports themselves. Using a Uniswap V2 fork reduces some code risk, since the base design has been tested for years, though any modification or deployment can introduce bugs.

Swaps are non-custodial, so funds stay in your wallet until you trade, but liquidity providers deposit into smart contracts and carry contract risk. The Crypto.com exchange and app are described as regulated in the US, but that does not apply to the on-chain DeFi Swap contracts. No hack or shutdown is mentioned in the reviewed material.

DeFi Swap fits users who already hold CRO or use the Crypto.com onchain tools and want a basic token swap or small farming position. It is less suited to traders moving large amounts, who would face slippage in thin pools, or to anyone who wants the newest AMM features.