DEXes · Review
ActiveDragonSwap V3 Kaia Review 2026: Kaia's Concentrated-Liquidity DEX
DragonSwap V3 is an automated market maker on the Kaia blockchain with concentrated liquidity pools, and it presents itself as the network's top DEX by volume and liquidity. Its main strength is local depth; its main caveat is that audits and team details are not published.
By the DappsAtlas editorial team · Updated
DappsAtlas score
6.8/10
Good
Our verdict on DragonSwap V3 Kaia
6.8/10DragonSwap V3 suits users already on Kaia who want a local DEX for swaps and concentrated liquidity positions. Its main strength is its claimed position as the network's largest DEX, backed by a stated Kaia Foundation partnership. The main caveat is transparency: no audits are listed, and the fee schedule and team are not published on the homepage. Treat the self-reported volume figures with care and read the docs before depositing.
Score breakdown
How DragonSwap V3 Kaia scores
- Security
- 5.5/10
- Ease of use
- 7.5/10
- Fees
- n/a
- Features
- 6.5/10
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 DragonSwap V3 Kaia?
DragonSwap V3 is a decentralized exchange on the Kaia blockchain. It lets users swap tokens from their own wallets and provide liquidity to V3 concentrated liquidity pools. The DeFi data tracks it since February 2024 and describes it as a decentralized automated liquidity protocol.
The homepage calls it Kaia's leading DEX and an official partner of the Kaia Foundation's D2I program. It reports an 83.6% share of Kaia ecosystem volume and about half of the network's total liquidity. These are self-reported figures, and the DeFi data shows a lower TVL of about $1.9 million for this V3 deployment, so the numbers depend on how they are counted.
The project has no listed token and no listed audits. The team, fee schedule and governance setup are not published on the homepage.
How DragonSwap V3 Kaia works
DragonSwap is an automated market maker. Instead of an order book matching buyers and sellers, traders swap against pools of tokens funded by liquidity providers. A pricing formula sets the exchange rate based on the pool's balance.
The V3 design adds concentrated liquidity. A liquidity provider picks a price range, and the funds are only used for trades inside it. This can earn more fees per dollar deposited, but the position stops earning when the price leaves the range and needs active management.
Trades settle on the Kaia blockchain from the user's own wallet, so DragonSwap does not hold user funds in an account. The risks sit in the smart contracts and the pool mechanics.
6 features
Key features
01
Wallet-based token swaps
An AMM-based DEX that lets users trade Kaia-chain tokens directly from their wallets without a centralized exchange.
02
Concentrated liquidity pools
V3 pools let liquidity providers allocate funds within a specific price range, which makes capital use more efficient.
03
Analytics dashboard
A dashboard shows platform activity and lets users compare liquidity data across V3 and V2.
04
Kaia Foundation partnership
The site describes DragonSwap as an official partner of the Kaia Foundation's D2I program.
05
Aggregator integration
The roadmap mentions integration with Swapscanner, a DEX aggregator, as a milestone.
06
Language options
The interface is available in multiple languages, with a language selector in the preferences menu.
Pros and cons
What we like
- Focused on Kaia, with a stated official partnership with the Kaia Foundation's D2I program.
- Offers V3 concentrated liquidity for more efficient capital use.
- Non-custodial: trades happen directly from the user's wallet.
- Includes a dashboard with V3 and V2 liquidity comparisons.
- Self-reports the largest share of volume and liquidity on Kaia.
Watch out for
- No audits are listed in the DeFi data for this V3 deployment, and the homepage does not point to any audit reports.
- Runs only on Kaia, so liquidity and usage depend on a single, relatively small ecosystem.
- Concentrated liquidity (V3) is harder for liquidity providers, who can lose money to impermanent loss or if the price leaves their range.
- No governance or native token is listed, so users have no stated way to influence the protocol.
- Team, fee schedule and treasury details are not published on the homepage.
- Ecosystem volume and TVL figures on the homepage are self-reported and differ from the lower TVL figure in the DeFi data.
DragonSwap V3 Kaia fees
The homepage does not publish a fee schedule. Swap fees and liquidity provider fee tiers are normally shown in the swap interface and pool pages, so check those before trading or adding liquidity.
Users also pay Kaia network gas fees for every transaction. Those costs depend on the chain and are not set by DragonSwap.
Is DragonSwap V3 Kaia safe?
The DeFi data lists no audits for this deployment, and the homepage does not link to audit reports. Smart-contract risk applies, as with any DEX. Users should read the docs and avoid depositing more than they can afford to lose.
The project is non-custodial, so funds stay in the user's wallet until they swap or deposit into a pool. Liquidity providers face impermanent loss and range risk. The team, licensing and incident history are not published on the homepage.
6 steps
How to get started with DragonSwap V3 Kaia
- 1
Get a wallet that supports the Kaia network and fund it with KAIA for gas.
- 2
Open the DragonSwap site and connect the wallet using the Connect button.
- 3
Go to Swap, choose the two tokens, and review the quoted price, fees and slippage.
- 4
Confirm the swap in your wallet.
- 5
To provide liquidity, open Pools, pick a V3 pool, choose a price range and deposit both tokens.
- 6
Check the dashboard to follow pool activity and your positions, and read the docs on risks first.
Who DragonSwap V3 Kaia is for
DragonSwap suits Kaia users who want to swap tokens from their wallets and liquidity providers comfortable managing V3 price ranges. It is less suited to people who want multi-chain access, a governance token, or published audit reports before using a protocol.
DragonSwap V3 Kaia FAQs
What is DragonSwap V3 on Kaia?
DragonSwap is a decentralized exchange on the Kaia blockchain. Users swap tokens from their own wallets, and liquidity providers supply tokens to pools that traders swap against.
Is DragonSwap the biggest DEX on Kaia?
The site describes it as an official partner of the Kaia Foundation's D2I program and says it was the first DEX selected for that program. It also reports an 83.6% share of Kaia ecosystem volume. These are the project's own figures.
What does concentrated liquidity (V3) mean?
V3 lets liquidity providers place their funds within a chosen price range instead of across all prices. This makes capital work harder inside the range but means the position earns nothing if the price moves outside it.
Does DragonSwap have a token?
No. The DeFi data lists no token for this deployment, and the homepage does not mention one. Check the official docs before trusting any token that claims to be from DragonSwap.
Has DragonSwap been audited?
The DeFi data lists no audits for this deployment, and the homepage does not link to any. Users should check the official documentation for audit information before committing significant funds.
What can I do on DragonSwap?
The homepage lists swap, pools and a dashboard. The docs describe the dashboard as showing real-time platform activity with a toggle to compare V3 and V2 liquidity data.
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How we checked
Sources
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