DEXes · Review

Active

DeFive Review 2026: A Small Sonic DEX With veFIVE

DeFive is a small decentralized exchange on the Sonic chain that combines token swaps, liquidity pools and a vote-escrow token model around FIVE. Its liquidity is low and no audits are listed, so treat it as a high-risk, early-stage venue.

Sonic

By the DappsAtlas editorial team · Updated Nov 5, 2026

DappsAtlas score

4.8/10

Weak

Visit DeFive

Our verdict on DeFive

4.8/10

DeFive suits experienced DeFi users who already use Sonic and are comfortable with small, early-stage protocols. Its main strength is a familiar feature set: swaps, fee-earning pools, FIVE farming and veFIVE locking, plus Binance Wallet access. The main caveat is risk. TVL is only about $148,000, no audits are listed, and the token's market cap is small, so slippage, exit liquidity and smart-contract risk are all high. Beginners and anyone needing deep liquidity should look at larger Sonic venues.

Score breakdown

How DeFive scores

Security: 3.5/10
Ease of use: 6.5/10
Fees: n/a
Features: 5.5/10

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 DeFive?

DeFive is a decentralized exchange on the Sonic blockchain. Its homepage tagline is "Swap smooth. Earn strong," and the description is short: swap tokens, earn trading fees from liquidity pools, farm FIVE and lock it for veFIVE rewards.

The project has been tracked since February 2025. Its total value locked is roughly $148,000, down about 7% over the past week. One review site describes it as an upgrade and rebranding of an earlier project, and the project says its dApp is integrated into Binance Wallet.

The FIVE token trades at a very small market cap. The homepage does not publish team details, audits or detailed tokenomics, so independent due diligence is needed before using it.

How DeFive works

DeFive is an automated market maker. Instead of an order book, traders swap against pools of tokens funded by users. The pool price shifts as trades happen, and each trade pays a fee.

People who deposit token pairs into a pool are liquidity providers. They earn a share of the fees and can also farm FIVE as an extra incentive. The risk is impermanent loss: if the two tokens' prices diverge, the deposit can be worth less than simply holding them.

FIVE holders can lock tokens to receive veFIVE. In the vote-escrow model common among DEXs, longer locks usually give more weight and a larger share of rewards. The homepage mentions veFIVE rewards, but the exact lock lengths and reward splits are not published there.

6 features

Key features

Token swaps on Sonic

Swap tokens on the Sonic chain through DeFive's own exchange interface, trading directly from a connected wallet.

Liquidity pools

Users deposit token pairs into pools and earn a share of the trading fees those pools generate.

FIVE farming

The FIVE token can be farmed as an incentive for providing liquidity or taking part in the protocol.

veFIVE locking

FIVE can be locked to receive veFIVE, which gives access to additional rewards under a vote-escrow style model.

Binance Wallet integration

The project says its dApp is integrated into Binance Wallet, giving users another way to connect and trade.

Gamified burn mechanic

One review site mentions a gamified burn mechanism tied to the token. The homepage does not explain how it works.

Pros and cons

What we like

Covers the core DEX functions: swaps, liquidity pools, farming and token locking
Built on Sonic, a chain with fast, low-cost transactions
Vote-escrow model (veFIVE) rewards longer-term FIVE holders
Integrated into Binance Wallet, which widens access
Non-custodial: users trade from their own wallet

Watch out for

Total value locked is only about $148,000, so liquidity is thin and larger swaps can move prices
No audits are listed, and the project does not publish audit reports on its homepage
TVL fell about 7.4% over the past week
The FIVE token has a small market cap of a few hundred thousand dollars, so it is volatile and may be hard to sell
Team, fee tiers and token emissions are not published on the homepage
Only available on Sonic, so users need to bridge assets there first

DeFive fees

DeFive does not publish a fee schedule on its homepage. Like most DEXs, each swap pays a trading fee that goes mainly to liquidity providers, and users also pay Sonic network gas.

The exact swap fee tiers, any protocol share and veFIVE reward rates are not stated. They should be visible in the swap interface and pool pages before you confirm a transaction. With low liquidity, price impact can cost more than the headline fee.

Is DeFive safe?

No audits are listed for DeFive, and the homepage does not point to any published security review. Smart-contract risk is therefore unquantified. Small TVL also means a low cost of price manipulation and thin exit liquidity for the FIVE token.

The protocol is non-custodial, so funds stay in your wallet until you deposit them into pools or lock them. The team, licensing and regulatory status are not published. Check the contract addresses in your wallet before approving anything, and limit approvals to the amounts you need.

6 steps

How to get started with DeFive

1
Set up a Sonic-compatible wallet and fund it with some Sonic gas tokens.
2
Bridge or move the tokens you want to trade onto the Sonic chain.
3
Open the DeFive app and connect your wallet.
4
Check the pool depth and price impact, then make a small test swap.
5
If you want to earn fees, add liquidity to a pool and review the impermanent loss risk first.
6
Consider farming or locking FIVE for veFIVE only after reading the lock terms in the app.

Open DeFive

Who DeFive is for

DeFive is for experienced DeFi users on Sonic who want to try a small DEX, farm a low-cap token or test a vote-escrow model, and who accept high risk. It is a poor fit for newcomers, large traders or anyone who needs audited, battle-tested contracts.

DeFive FAQs

What is DeFive?

DeFive is a decentralized exchange on the Sonic blockchain. Users swap tokens, provide liquidity to earn trading fees, farm the FIVE token and lock FIVE for veFIVE rewards.

Which blockchain does DeFive use?

DeFive runs on Sonic. You need a Sonic-compatible wallet and some of the chain's gas token to trade. The project has also said its dApp is integrated into Binance Wallet.

What is the FIVE token?

FIVE is the project's own token, used for farming rewards and for locking into veFIVE. One review site describes DeFive as an upgrade and rebranding of an earlier project and mentions a gamified burn mechanism, but the homepage does not detail either.

Is DeFive audited?

No audits are listed for DeFive in the data we reviewed. That does not prove the contracts are unsafe, but it means users have no independent review to rely on. Only use funds you can afford to lose.

How do you earn on DeFive?

Liquidity providers earn a share of trading fees from the pools they fund, and they may also farm FIVE. Returns are not published as fixed figures. Providing liquidity carries impermanent loss and smart-contract risk, which matter more in small pools.

How big is DeFive?

Total value locked is around $148,000, which is small. Slippage on larger trades can be high, so check price impact before confirming any swap.

Compare

DeFive alternatives

All alternatives

Uniswap V3

DEXes

Uniswap V3 is a non-custodial decentralized exchange protocol for token swaps and concentrated liquidity provision across 40+ chains.

TVL $1.51B−3.7%Ethereum · Base · Arbitrum +38

SushiSwap

DEXes

SushiSwap is a multichain decentralized exchange with a swap aggregator, perps, staking and liquidity pools for self-custody DeFi traders.

TVL $35.2M−1.3%Ethereum · Polygon · Arbitrum +32

SushiSwap V3

DEXes

SushiSwap V3 is a Uniswap V3-style concentrated-liquidity DEX on 30+ chains, for traders and liquidity providers comfortable with self-custody.

TVL $39.2M+4.3%Ethereum · Katana · Robinhood Chain +27

Uniswap V4

DEXes

Uniswap V4 is the latest Uniswap DEX version with hooks and concentrated liquidity, running on 22 chains for self-custody token swaps and liquidity provision.

TVL $1.14B−2.9%Ethereum · Robinhood Chain · Base +19

Uniswap V2

DEXes

Uniswap V2 is a non-custodial automated market maker DEX on 17 chains for token swaps and liquidity provision, with about $938M TVL.

TVL $864M−4.1%Ethereum · Base · Polygon +14

WOOFi Swap

DEXes

WOOFi Swap is a non-custodial multi-chain DEX for swaps, cross-chain trades, single-sided yield, staking and perpetual futures, tied to the WOO token.

TVL $3.20M−6.0%Arbitrum · Optimism · Avalanche +13

Same category

More DEXes

DEXes rankings

Curve

DEXes

Curve is a decentralized exchange on Ethereum built for low-slippage swaps of stablecoins and similar assets, with CRV governance and a crvUSD stablecoin.

Ethereum