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FlowX V2 Review 2026: A Small Sui-Native DEX

FlowX V2 is the V2 liquidity-pool side of FlowX Finance, a decentralized exchange built on the Sui blockchain. Its listed TVL is small, and no audits are listed.

By the DappsAtlas editorial team · Updated Nov 5, 2026

DappsAtlas score

6.2/10

Mixed

Visit FlowX V2

Our verdict on FlowX V2

6.2/10

FlowX V2 suits Sui users who want a native exchange with swaps, liquidity pools and extras such as an aggregator, limit orders and perps. Its main strength is that breadth on one chain, with non-custodial trading from your own wallet. The main caveat is size and transparency: TVL is about $246,000, no audits are listed, and fees are not published in the sources reviewed. Check pool depth and audit reports yourself, and keep positions small.

Score breakdown

How FlowX V2 scores

Security: 4.5/10
Ease of use: 7.0/10
Fees: n/a
Features: 7.0/10

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 FlowX V2?

FlowX V2 is part of FlowX Finance, a decentralized exchange built on the Sui blockchain. The project describes itself as an ecosystem-focused DEX that supports token swaps, liquidity provision and yield generation. It has been listed on DefiLlama since July 2023 and has a token, FLX.

Beyond basic swaps, project materials describe an aggregator, multi-token swaps, limit orders, perpetual futures and liquidity mining campaigns. The stated aim is to improve the DeFi user experience on Sui.

The V2 listing shows about $246,000 in total value locked, up 1.5 percent over seven days. That is modest for a DEX. No audits are listed for this entry, and the sources reviewed do not publish fee schedules or team details.

How FlowX V2 works

FlowX is a decentralized exchange, so trades happen against liquidity pools in smart contracts rather than an order book run by a company. Users who supply tokens to a pool earn a share of the fees from trades that use it. Traders swap one token for another at a price set by the pool's balance.

The project also describes an aggregator layer that looks for the best route across available liquidity, along with limit orders, perpetual futures and liquidity mining campaigns. Everything is done from a self-custody wallet on Sui, and users pay gas in SUI.

This listing covers FlowX V2. The sources reviewed do not explain in detail how V2 pools differ from other FlowX products, so users should read the project's documentation for pool specifics.

6 features

Key features

Token swaps

Swap tokens on Sui through on-chain liquidity pools. This is the core function of the exchange.

Liquidity provision

Users can deposit tokens into pools to supply liquidity, which the project says also supports yield generation.

DEX aggregator

One summary describes FlowX as a Sui-native aggregator that looks for the best route across liquidity sources.

Multi-token swaps

A search snippet says several tokens can be swapped in one transaction, which is meant to reduce gas costs.

Limit orders and perps

The project's materials mention limit orders and perpetual futures alongside spot swaps.

Liquidity mining campaigns

The project runs liquidity mining campaigns that reward users who supply liquidity.

Pros and cons

What we like

Native to Sui, so it suits users already active on that chain
Offers more than swaps, with an aggregator, limit orders, perps and liquidity mining
Multi-token swaps can cut gas costs by combining actions into one transaction
Non-custodial design: trades are signed from the user's own wallet
Operating since mid-2023 with an active community presence on social channels

Watch out for

TVL of roughly $246,000 is small for a DEX, which can mean thin liquidity and more price impact on larger trades
DefiLlama lists no audits for this V2 entry, and none are confirmed in the sources reviewed
Runs only on Sui, so it is no use to people who trade on other chains
Fee tiers, aggregator charges and token economics are not stated in the sources reviewed
Smart-contract, oracle and wallet-connection risks apply, as with any DeFi protocol
Team details and governance structure are not published in the sources reviewed

FlowX V2 fees

The sources reviewed do not publish swap fee tiers, aggregator fees or liquidity-provider fee splits for FlowX V2. Fees on this kind of exchange normally appear in the app at the point of a swap or when choosing a pool.

On top of any trading fee, users pay Sui network gas in SUI. The project says multi-token swaps can reduce gas by combining actions into one transaction.

Is FlowX V2 safe?

FlowX is non-custodial, so funds stay in the user's wallet until they interact with a pool or contract. The main risks are smart-contract bugs, pool-design problems and phishing of wallet connections. DefiLlama lists no audits for this V2 entry, and the sources reviewed do not confirm any, so users should check the project's documentation for audit reports.

The low TVL means pools may be thin, which raises slippage on larger orders. Impermanent loss is a standard risk for liquidity providers. Regulation of DEXs varies by country, so check the rules where you live. Nothing in the sources reviewed reports a hack or shutdown.

6 steps

How to get started with FlowX V2

1
Install a Sui-compatible wallet and keep your seed phrase offline.
2
Buy or bridge some SUI to the wallet, since it pays gas fees.
3
Open the official FlowX site and connect the wallet from the supported list.
4
Check the token pair, expected price and fee shown before confirming a swap.
5
If you want to provide liquidity, read how the pool works and the impermanent loss risk first.
6
Start with a small amount to learn the interface before moving larger sums.

Open FlowX V2

Who FlowX V2 is for

FlowX V2 is for people who already trade on Sui and want a native DEX with liquidity pools and aggregation. It is less suited to users who need deep liquidity for large trades or who will only use audited protocols.

FlowX V2 FAQs

What is FlowX Finance?

FlowX Finance is a decentralized exchange built on the Sui blockchain. It supports token swaps, liquidity provision and yield generation, and its materials also mention a DEX aggregator, limit orders, perpetual futures and liquidity mining campaigns.

Which blockchain does FlowX use?

FlowX runs on Sui. The listing for this V2 entry shows Sui as its only chain, so you need a Sui-compatible wallet and a small amount of SUI to pay gas fees.

Does FlowX have a token?

The project lists a token called FLX. The sources reviewed do not set out its supply, distribution or exact utility, so check the project's own documentation before relying on it.

Is FlowX audited?

No audits are listed for this entry, and the sources reviewed do not confirm any. Treat it as unaudited until you can verify audit reports in the project's documentation, and only commit funds you can afford to lose.

Can I earn yield on FlowX?

The project describes liquidity provision and yield generation on its exchange. Providing liquidity carries risks such as impermanent loss and smart-contract failure, and the sources reviewed do not publish yield figures.

How do I start using FlowX?

You connect a supported Sui wallet to the app and hold SUI for gas. After that you pick the tokens to swap or the pool to add liquidity to and approve the transaction in your wallet.

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