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HebeSwap Review 2026: Small Ethereum Classic AMM

HebeSwap is a small automated market maker on Ethereum Classic, built by the HebeBlock team alongside the HEBE token. It works as a basic swap and liquidity venue, but liquidity is thin and no audits are listed.

Ethereum Classic

By the DappsAtlas editorial team · Updated Nov 5, 2026

DappsAtlas score

4.5/10

Weak

Visit HebeSwap

Our verdict on HebeSwap

4.5/10

HebeSwap suits Ethereum Classic users who want a native, non-custodial place to swap ERC20 tokens or experiment with small liquidity positions, and who follow the HEBE and HENS ecosystem. Its strength is a simple, familiar AMM design with a public roadmap and a visible team. The main caveat is risk: liquidity is only around $40,000, no audits are listed, and the swap fee is not published. Treat it as a small, speculative venue and size positions accordingly.

Score breakdown

How HebeSwap scores

Security: 3.5/10
Ease of use: 6.0/10
Fees: n/a
Features: 4.5/10

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 HebeSwap?

HebeSwap is a decentralized exchange on Ethereum Classic, launched on December 29, 2021. It lets users swap ERC20 tokens and supply liquidity to pools through a connected Web3 wallet. The project is built by the HebeBlock team, which also runs the HENS domain name service, a wallet and other Ethereum Classic tools.

It is small. Total value locked is roughly $40,000 and has been trending down slightly over the past week. No audits are listed, and the project has a native token, HEBE.

The homepage names three team members by short names, with backgrounds in wallet development, Java architecture and front-end work. It does not say how the contracts were reviewed or give the exact swap fee.

How HebeSwap works

HebeSwap is an automated market maker. Each liquidity pool holds two tokens, and liquidity providers deposit both. When someone trades, the pool's reserves change and the price updates according to a preset pricing formula.

Because trades run against the pool, there is no order book and no need to match with a counterparty. The cost is price impact: in a small pool, a large swap shifts the price noticeably.

The project also has a token, HEBE. Its roadmap lists a presale of 7,400,000 HEBE, a cross-chain bridge between a Hebe blockchain and Ethereum Classic, a buyback funded by swap and HENS fees, a locked HEBE-ETC liquidity pool, and a fund for more pools such as stablecoins.

6 features

Key features

Automated market maker

Pools hold two assets and update reserves and prices automatically after each trade, with no central order book or private matching engine.

ERC20 token swaps

Users can swap ERC20 tokens on Ethereum Classic directly from a connected Web3 wallet, without handing custody to a third party.

Liquidity provision

Anyone can create a new pool or add to an existing one, and the FAQ also mentions voting on governance proposals.

Related ecosystem tools

The site links to Easy ERC20, a tool for working with ERC20 tokens, and to HENS, a domain name service on Ethereum Classic.

Fee-funded HEBE buyback

The roadmap describes using swap and HENS fees to buy back HEBE. It shows the 8,000,000 HEBE buyback target as complete.

Open-source interface

The listing describes the front end as open source, aimed at traders and liquidity providers.

Pros and cons

What we like

Straightforward AMM design that is easy to understand: two-asset pools, automatic pricing and no custody
Gives Ethereum Classic users a native venue for swapping and providing liquidity
Part of a wider ecosystem from the same team, including a domain service and wallet tools
The team describes its roles and backgrounds on the homepage
Roadmap is public, with a stated fee-funded buyback of HEBE shown as complete

Watch out for

Liquidity is very thin, with total value locked of roughly $40,000, so larger swaps can move prices sharply
No security audits are listed for the contracts
The team appears under short names or initials only, so accountability is limited
The roadmap shows the liquidity-lock stage at 0 of 8,000,000 HEBE, so that commitment is not shown as complete
Swap fee levels are not published on the homepage
Only works on Ethereum Classic, a smaller ecosystem with fewer tokens and traders than the major chains

HebeSwap fees

HebeSwap does not publish a swap fee percentage on its homepage. The roadmap says that swap fees, along with fees from the HENS domain service, are used to buy back HEBE tokens. Users should check the fee shown in the app before confirming a trade.

Every transaction on Ethereum Classic costs ETC for gas, as the project's FAQ notes. Liquidity providers also face impermanent loss, which is a market risk and not a fee.

Is HebeSwap safe?

No audits are listed for HebeSwap, so users must rely on the open design and their own checks of contracts. Smart-contract bugs, rug-pull risks on small tokens and impermanent loss all apply. Because liquidity is shallow, price manipulation and large slippage are real concerns.

The exchange is non-custodial: funds stay in your wallet until you deposit them into a pool or swap. The team is identifiable only by short names, and the project publishes no licence or regulatory information. A roadmap item for locking the HEBE-ETC pool is shown at 0 of 8,000,000, so readers should not assume liquidity is locked. Check your local rules before trading crypto.

6 steps

How to get started with HebeSwap

1
Set up a wallet that supports Ethereum Classic, such as one of the wallets listed on the HebeSwap site.
2
Fund the wallet with ETC, which pays for gas and is the base asset for most pairs.
3
Open the HebeSwap app from the official website and connect the wallet.
4
Check the token contract address and the pool's liquidity before trading, since depth is shallow.
5
Start with a small swap and review the price impact and fee shown before approving.
6
If you add liquidity, understand impermanent loss and that you can withdraw your share of the pool at any time.

Open HebeSwap

Who HebeSwap is for

HebeSwap is for Ethereum Classic users who want a local swap venue, holders of HEBE or HENS domains, and liquidity providers comfortable with small, unaudited pools. It is less suitable for larger traders who need deep liquidity, or for anyone who requires audited contracts and a fully named team.

HebeSwap FAQs

What is HebeSwap?

HebeSwap is a decentralized exchange on Ethereum Classic that lets users swap ERC20 tokens and provide liquidity to pools. It is an automated market maker, so trades run against pooled reserves rather than an order book. It was launched on December 29, 2021, according to its listing description.

How do I use HebeSwap?

Connect a Web3 wallet to the HebeSwap app, then swap tokens, create a liquidity pool or add liquidity to an existing one. Each transaction costs ETC for gas, so you need some ETC in the wallet. The site names several wallets in its ecosystem section, including OKX Wallet, Bitget Wallet, TokenPocket and Nabox Wallet.

What is the HEBE token?

HEBE is the project's own token, and the roadmap describes a 7,400,000 HEBE presale as its first stage. The roadmap also says swap fees and fees from HENS, the team's Ethereum Classic domain name service, are used to buy back HEBE. Treat these as stated plans from the team, not independently verified outcomes.

What are the fees on HebeSwap?

The homepage does not publish a swap fee percentage, so it is best checked in the app before trading. Beyond any swap fee, every transaction also costs ETC in network gas. Liquidity providers should also consider impermanent loss.

Is HebeSwap audited?

No security audits are listed for HebeSwap. The contracts are described as open and on-chain, but an unaudited protocol with small liquidity carries real risk. Only use amounts you can afford to lose and check token contracts yourself.

Which blockchain does HebeSwap run on?

HebeSwap runs on Ethereum Classic only, according to its listing and homepage. The roadmap mentions a planned bridge between a separate Hebe blockchain and Ethereum Classic, but it presents that as development work, not a live feature.

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