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HeliSwap Review 2026: Hedera DEX and Risks

HeliSwap is a Hedera-based decentralized exchange for swaps among HBAR and tokens. It offers liquidity pools, but fee details and the scope of its listed audits are unclear.

Hedera

By the DappsAtlas editorial team · Updated Nov 6, 2026

DappsAtlas score

5.5/10

Mixed

Visit HeliSwap

Our verdict on HeliSwap

5.5/10

HeliSwap may suit Hedera users who want to trade HBAR and supported tokens through liquidity pools or explore ecosystem incentive programs. Its Hedera-specific focus and support for multiple token standards are its clearest strengths. The main caveats are missing fee details, uncertain pool depth, and limited information about the two listed audits. Liquidity provision adds impermanent-loss risk, and HELI’s current utility is not clearly established. Review transaction terms and pool risks before committing funds.

Score breakdown

How HeliSwap scores

Security: 5.0/10
Ease of use: 6.0/10
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 HeliSwap?

HeliSwap is a decentralized exchange built for Hedera. It is designed to support swaps among HBAR and tokens, including HTS and ERC-20 assets, using smart-contract-based liquidity pools.

The project also supports customized liquidity-mining incentives for ecosystem projects. HeliSwap names HELI as its token, but current token utility, trading fees, team details, and regulatory status are not established here. Its listed audits lack enough detail to assess their scope or findings.

How HeliSwap works

HeliSwap is an automated market maker: users trade against token pools rather than matching directly with another trader. Liquidity providers deposit assets into pools, and swaps change the balance between those assets. The pool’s available liquidity and token prices affect the amount a trader receives.

The exchange is built on Hedera’s Smart Contract Service and is intended to support HBAR and tokens such as HTS and ERC-20 assets. Liquidity providers may face impermanent loss when pool prices move relative to simply holding the assets. HeliSwap also supports project-specific liquidity-mining incentives, though current program terms are not established here.

5 features

Key features

Hedera token swaps

The exchange is designed to swap HBAR and supported tokens on Hedera, including HTS and ERC-20 assets.

Liquidity pools

Users can provide assets to pools used for token swaps. Pool returns and risks depend on trading activity and the assets deposited.

Project incentives

HeliSwap supports customized liquidity-mining incentives for ecosystem projects, including programs tied to liquidity provision and airdrops.

HELI token

HELI is the token named in connection with the project. Its current uses and tokenomics should be checked against current project documentation.

Hedera smart contracts

The exchange is built using Hedera’s Smart Contract Service and is described as open-source and permissionless.

Pros and cons

What we like

Built specifically for the Hedera network and its token ecosystem.
Designed to support swaps among HBAR, HTS tokens, and ERC-20 assets.
Uses liquidity pools, allowing users to trade without a traditional order book.
Supports customized liquidity incentives for ecosystem projects.

Watch out for

Trading fees and other charges are not published.
The available audit listing does not establish the audit firms, dates, scope, or findings.
Liquidity, trading volume, and current pool depth are not established, so execution quality may vary by token pair.
Providing liquidity exposes users to smart-contract risk and the possibility of impermanent loss.
The project does not establish its team details or regulatory status.

HeliSwap fees

HeliSwap’s trading fees and any liquidity-provider charges are not published. Before trading, check the swap quote and transaction confirmation for fees, price impact, and network costs.

Is HeliSwap safe?

Two audits are listed for HeliSwap, but the audit firms, dates, code scope, and findings are not established here. Treat the listing as limited evidence rather than a guarantee of safety. The project describes the exchange as open-source and trustless, but smart-contract vulnerabilities, wallet errors, and malicious or poorly designed tokens remain risks.

Liquidity providers can lose value through impermanent loss, and thin pools can lead to poor swap execution. HeliSwap’s custody arrangements and regulatory status are not established here. Check that using the exchange is legal where you live, and only risk funds you can afford to lose.

6 steps

How to get started with HeliSwap

1
Use a wallet that supports Hedera and connect it to HeliSwap.
2
Make sure the wallet holds the Hedera assets you intend to trade, plus any assets needed for network transaction costs.
3
Choose the token you want to exchange and the token you want to receive.
4
Review the quoted amount, price impact, fees, and transaction details before confirming.
5
Confirm the swap in your wallet and check the resulting balances.
6
If providing liquidity, review the pool’s assets and risks before depositing.

Open HeliSwap

Who HeliSwap is for

HeliSwap is aimed at Hedera users who want to swap supported tokens or provide liquidity without using a centralized exchange. It may also interest ecosystem projects seeking liquidity incentives, but traders should first check pool depth, fees, and token support.

HeliSwap FAQs

What is HeliSwap?

HeliSwap is a decentralized exchange built on Hedera. It is intended to let users swap HBAR and tokens, including Hedera Token Service tokens and ERC-20 tokens supported by the platform.

What is the HELI token?

HELI is HeliSwap’s named token. Public sources do not establish its current utility, distribution, or role in governance, so check the project’s current token documentation before buying or using it.

Which network does HeliSwap use?

HeliSwap is designed for the Hedera network, so users need a compatible Hedera wallet and assets supported by the exchange. Review the token and network details carefully before confirming a transaction.

What fees does HeliSwap charge?

HeliSwap’s trading fees are not published. Check the swap quote and transaction confirmation for any fees, price impact, and applicable network costs before proceeding.

Has HeliSwap been audited?

The project has two audits listed, but their firms, scope, dates, and findings are not established here. An audit does not eliminate smart-contract or token risks; only use funds you can afford to lose.

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