DipCoin Spot Review 2026: Sui Swap Service Discontinued

DipCoin Spot is the swap and liquidity pool part of DipCoin, a decentralized exchange built on the Sui blockchain. The project positions itself as a platform that pairs the speed and simplicity of a centralized exchange with the transparency and self-custody of DeFi.

The spot service is no longer running. DipCoin announced that it would complete the discontinuation of its Swap and Liquidity Pool services on July 13, 2026, at 07:00 UTC. Users with funds in those pools should follow the official announcement.

The platform itself continues, with a focus on on-chain perpetual futures. It launched a perpetuals testnet in October 2025 and announced a command-line tool for trading in May 2026. Trackers listed the spot product with roughly $900K in total value locked on Sui, a small figure compared with the major Sui exchanges.

Its homepage offers little detail on fees, the team or licensing, so readers should rely on the official documentation for current terms.

A decentralized exchange lets users trade straight from their own wallets using smart contracts instead of a company holding their funds. A spot swap exchanges one token for another at a price set by the exchange's pools or order logic. Liquidity pools hold pairs of tokens deposited by users, who earn a share of trading fees in return.

DipCoin Spot offered this swap and pool model on Sui. The project has ended that service, so the mechanism is mainly of historical interest.

The platform's current direction is perpetual futures. A perpetual is a derivative that tracks an asset's price with no expiry date, usually with leverage. DipCoin describes guided perpetuals with sub-second execution and self-custody, and has released a command-line tool for placing trades. Leverage magnifies both gains and losses, so these products carry much higher risk than simple swaps.

DipCoin's homepage and public sources do not publish a fee schedule for the spot product. Swap fees, pool fee splits and perpetual trading fees are not stated.

Because the swap and liquidity pool services have been discontinued, spot fees are no longer relevant. Anyone using the perpetuals side should check the fee details shown in the trading interface or the official documentation before placing orders. Sui network gas costs would apply on top of any platform fees.

The platform describes itself as self-custodial, which removes the risk of a central operator holding user funds but leaves smart-contract risk. A third-party tracker lists two audits for the project, though its homepage does not describe who performed them or what they covered. The project does not publish team or licensing details in the material reviewed, and no hacks or exploits are mentioned.

The main practical risk is the shutdown of the spot service. Anyone with remaining liquidity positions should withdraw them promptly using the official instructions and be wary of imitation sites or unsolicited links offering help. Perpetual trading uses leverage and can result in losses larger than expected. Check the rules for derivatives where you live, and trade only what you can afford to lose.

This page is most useful for former DipCoin liquidity providers and swap users who want to know what happened to the spot service, and for traders on Sui comparing the platform's move to perpetual futures. It does not suit anyone looking for a working spot DEX on DipCoin today.