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DragonSwap V2 Kaia Review 2026: A V2-Style AMM on Kaia

DragonSwap V2 Kaia is the Uniswap V2-style pool layer of DragonSwap, a DEX on the Kaia blockchain. It is a simple, established swap venue, but the V2 pools are small and no audits are listed.

Kaia

By the DappsAtlas editorial team · Updated Nov 5, 2026

DappsAtlas score

6.3/10

Mixed

Visit DragonSwap V2 Kaia

Our verdict on DragonSwap V2 Kaia

6.3/10

DragonSwap V2 Kaia suits Kaia users who want a simple, non-custodial swap venue or a plain V2-style pool. Its main strength is being part of the DEX that reports the largest volume and liquidity on the chain. The main caveats are small V2 pool liquidity, no listed audits and unpublished fee levels. Traders should check price impact before swapping, and liquidity providers should understand impermanent loss.

Score breakdown

How DragonSwap V2 Kaia scores

Security: 5.0/10
Ease of use: 7.5/10
Fees: n/a
Features: 6.0/10

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 DragonSwap V2 Kaia?

DragonSwap V2 Kaia is the Uniswap V2-style pool layer of DragonSwap, a decentralized exchange on the Kaia blockchain. Its homepage calls it Kaia's leading DEX and an official partner in the Kaia Foundation's D2I program. Public reporting says DragonSwap was the first DEX selected for that program.

The homepage reports a 83.6% share of Kaia ecosystem trading volume and about half of Kaia's total liquidity, with figures of $25.3M volume and $33.1M TVL. Those numbers cover the whole platform and are the project's own claims. The V2 listing on its own is much smaller, with roughly $79K in tracked TVL, down about 2% over the past week.

The listing has been tracked since February 2024. The product is a basic AMM: swap tokens from a wallet, or supply liquidity to V2 pools. V3 concentrated-liquidity pools run on the same platform and take most of the activity.

How DragonSwap V2 Kaia works

DragonSwap is an automated market maker. Instead of an order book matching buyers and sellers, trades happen against pools of two tokens held in smart contracts. The price moves with the ratio of the two tokens in the pool, so larger trades move the price more.

The V2 pools follow the Uniswap V2 model. Liquidity providers deposit both tokens in a pair and receive a claim on the pool, earning a share of the trading fees. Their liquidity covers the whole price range. The platform also runs V3 pools, where providers pick a price range.

A router can combine pools to find a swap path, including multi-hop routes through several pairs. Users keep custody of their tokens until a trade is signed from their wallet.

6 features

Key features

Wallet-based token swaps

Users swap tokens directly from their own wallets through on-chain pools, with no account on a centralized exchange.

V2 constant-product pools

V2 pools use the Uniswap V2 model, so anyone can add liquidity to a pair and earn a share of trading fees.

V3 concentrated liquidity

The same platform runs V3 pools with concentrated liquidity, giving liquidity providers more control over price ranges.

Multi-hop routing

Public reporting describes routing across V2 liquidity pools to find swap paths, including multi-hop and split routes.

V3/V2 dashboard

The dashboard shows platform activity and lets users compare liquidity data between V3 and V2.

Kaia ecosystem ties

DragonSwap is described as an official partner in the Kaia Foundation's D2I program, with listed partners including Swapscanner, Kaiascope and several Kaia projects.

Pros and cons

What we like

Part of the leading DEX on Kaia by the project's own volume and liquidity figures.
Uses the well-understood Uniswap V2 pool model, which is easy to follow.
Non-custodial: trades are signed from the user's own wallet.
Sits alongside V3 pools and a dashboard that compares V2 and V3 data.
Described as an official partner in the Kaia Foundation's D2I program, with several ecosystem integrations.

Watch out for

The V2 pools hold a small amount of liquidity, so larger swaps can see noticeable price impact.
No audits are listed for this deployment, and the project's published materials do not name an auditor.
Everything runs on one chain, so the venue depends on the health of the Kaia ecosystem.
Swap and liquidity-provider fee levels are not stated on the homepage.
Providing liquidity to V2-style pools exposes users to impermanent loss.
The No.1 DEX claims on the homepage are self-reported figures and are not independently verified here.

DragonSwap V2 Kaia fees

The homepage does not publish a swap fee or liquidity-provider fee for the V2 pools. Users would see the exact fee and expected price impact in the swap interface before confirming a trade, and the documentation covers the V2 pool design.

Beyond trading fees, users pay Kaia network gas for each transaction. No protocol token or additional platform charge is mentioned publicly.

Is DragonSwap V2 Kaia safe?

No audits are listed for this deployment, and the project's materials do not name an auditor, a bug bounty or a team. Like any AMM, it carries smart-contract risk, and liquidity providers face impermanent loss. Review the docs and consider starting with a small test trade.

The protocol is non-custodial, so funds stay in your wallet until you trade or deposit them into a pool. Terms of Service are published on the site. No hacks or incidents are mentioned publicly, though that does not guarantee safety. Check that using DeFi services is allowed where you live.

6 steps

How to get started with DragonSwap V2 Kaia

1
Install a Kaia-compatible wallet and fund it with KAIA for gas plus the tokens you want to swap.
2
Open the DragonSwap app and connect your wallet, confirming the network is Kaia.
3
On the Swap page, choose the input and output tokens and enter an amount.
4
Review the quoted price, price impact, fees and slippage setting before approving the token and confirming.
5
To provide liquidity, open Pools, choose a V2 pool, read the docs on impermanent loss, and add both tokens.
6
Use the Dashboard to track pool and platform activity, and withdraw liquidity when you want to exit.

Open DragonSwap V2 Kaia

Who DragonSwap V2 Kaia is for

This DEX fits users already on Kaia who want to swap tokens from a self-custody wallet, and liquidity providers who prefer the simpler V2 pool model over choosing V3 price ranges. It is less suited to anyone needing deep liquidity for large trades or a multi-chain platform.

DragonSwap V2 Kaia FAQs

What is DragonSwap V2 on Kaia?

DragonSwap V2 refers to the DragonSwap liquidity pools built on the Uniswap V2 model. They are constant-product pools that let users swap tokens and earn a share of trading fees by supplying liquidity. They sit alongside DragonSwap's V3 concentrated-liquidity pools on Kaia.

Which blockchain does DragonSwap V2 run on?

Public sources show only Kaia. The DEX is deployed on the Kaia blockchain, and the V2 listing is tracked on that single chain.

Does DragonSwap have a token?

The project does not publish a token for the V2 listing reviewed, and no token ticker is attached to it. Check the official docs before assuming any token, reward or airdrop exists.

What are the fees on DragonSwap V2?

Trading fees are not stated on the homepage. Fee tiers and the liquidity-provider share are shown in the app and the documentation, and you should check them before committing funds.

Is DragonSwap V2 audited?

No audits are listed for this deployment, and the project's materials do not name an auditor. As with any DEX, there is smart-contract risk, so only commit funds you can afford to lose.

What are the main risks of providing liquidity?

V2-style pools spread liquidity across the whole price range, which makes them simple but less capital-efficient than V3 pools. Impermanent loss can reduce returns when the prices of the paired tokens diverge. Read the pool documentation first.

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