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HiveSwap V3 Review 2026: A Small AMM on MAP Protocol

HiveSwap V3 is an automated market maker built on MAP Protocol, which positions itself in the Bitcoin ecosystem. It is small, unaudited on the public record, and best treated as a niche venue.

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By the DappsAtlas editorial team · Updated Nov 5, 2026

DappsAtlas score

5.0/10

Mixed

Visit HiveSwap V3

Our verdict on HiveSwap V3

5.0/10

HiveSwap V3 suits experienced DeFi users who already hold assets on MAP Protocol and want a native place to swap or provide liquidity. Its main strength is that niche focus and non-custodial design. The main caveat is the lack of public audits combined with low TVL and apparently low volume, which means higher slippage and unquantified contract risk. Keep trade sizes small, verify token contracts, and do not treat it as a deep-liquidity venue.

Score breakdown

How HiveSwap V3 scores

Security: 4.0/10
Ease of use: 6.0/10
Fees: n/a
Features: 5.0/10

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 HiveSwap V3?

HiveSwap V3 is a decentralized exchange that runs on MAP Protocol, also known as Mapo. Its DeFi listing describes it as a swap venue providing liquidity services for assets in the Bitcoin ecosystem, and its homepage calls it the most popular AMM on MAP by user count.

The numbers are modest. Total value locked is roughly $869K, down about 7% over the past week, and the project has been tracked since February 2024. One market-data listing shows zero 24-hour spot volume, so activity looks light.

No audits are listed, and the homepage says little about the team, fee model or governance. That makes it a small, niche venue rather than a core DeFi destination.

How HiveSwap V3 works

HiveSwap V3 is an automated market maker. Instead of matching buyers and sellers, it holds pools of token pairs. A pricing formula sets the exchange rate based on the pool balances, and each trade shifts those balances.

Liquidity providers deposit tokens into pools and earn a share of the trading fees. The V3 label usually signals a newer pool design, but the project's own pages do not explain how its V3 pools differ, so treat the specifics as unconfirmed.

The exchange runs on MAP Protocol, which the project places in the Bitcoin ecosystem. You connect a compatible wallet, choose two tokens, approve spending and sign the swap transaction. Settlement happens on-chain and funds stay in your wallet except while in a pool.

5 features

Key features

AMM token swaps

Trades execute against on-chain liquidity pools rather than an order book, so swaps do not need a matching counterparty.

MAP Protocol deployment

The exchange runs on MAP Protocol, aimed at assets connected to the Bitcoin ecosystem.

Liquidity provision

Users can supply assets to pools and earn a share of trading fees, though the fee tiers are not published.

Contract-address swap links

The swap page links tokens by contract address and warns that tokens on Mapo can be faked.

Utility and governance token

An HIVP token is described in one search result as a utility and governance token for the exchange.

Pros and cons

What we like

Focused on the MAP Protocol and Bitcoin-ecosystem asset niche.
Non-custodial swaps: you trade from your own wallet.
Live since early 2024, so it has some operating history.
The swap interface warns about fake tokens on Mapo.

Watch out for

No audits are listed for the protocol, so smart-contract risk is unquantified.
TVL is small at roughly $869K and fell about 7% over the last week, which can mean thin liquidity and high slippage.
One market-data listing shows zero 24-hour spot volume, suggesting low trading activity.
Tokens on MAP Protocol can be created by anyone, so fake or look-alike tokens are a real risk.
Swap fees and liquidity-provider fee tiers are not published on the pages reviewed.
The homepage gives little detail on the team, roadmap or governance.

HiveSwap V3 fees

HiveSwap V3 does not publish a fee schedule on the pages reviewed. Swap fees, any liquidity-provider fee tiers and protocol cuts are not stated.

In practice, you would see the fee and expected price impact in the swap interface before you sign. You also pay network gas on MAP Protocol for every transaction. With low liquidity, slippage may cost more than the nominal fee.

Is HiveSwap V3 safe?

No audits are listed for HiveSwap V3, and the project does not publish audit reports or a bug bounty on the pages reviewed. Smart-contract risk is therefore unquantified. Liquidity providers also face impermanent loss, and thin pools can produce heavy slippage.

The swap page itself notes that anyone can create tokens on Mapo with any name, including fake versions of existing tokens. Always verify contract addresses before trading. Because swaps are non-custodial, the main counterparty risk is the contracts and the underlying MAP Protocol network, not a company holding your funds. The project does not state any regulatory status.

6 steps

How to get started with HiveSwap V3

1
Check that you are on the official HiveSwap app and not a copy, ideally by following the link from the project's verified social account.
2
Set up a wallet that supports MAP Protocol (Mapo) and add the network if needed.
3
Fund the wallet with the network gas token and the asset you plan to swap.
4
Confirm the contract address of the token you want, since fake tokens can use real names.
5
Start with a small swap and review the quoted price impact and fees before confirming.
6
If you provide liquidity, understand impermanent loss and withdraw only after checking the pool's depth.

Open HiveSwap V3

Who HiveSwap V3 is for

HiveSwap V3 is for DeFi users already active on MAP Protocol who want an on-chain AMM for assets in that ecosystem. It is less suited to beginners, large traders who need deep liquidity, or anyone who requires audited contracts and published fee schedules.

HiveSwap V3 FAQs

What is HiveSwap V3?

HiveSwap V3 is a decentralized exchange using an automated market maker model. It runs on MAP Protocol, also called Mapo, and lets users swap tokens from liquidity pools instead of order books.

Is HiveSwap V3 a Bitcoin DEX?

The project describes itself as a swap venue serving the Bitcoin ecosystem, and its homepage calls it the most popular AMM on MAP by user count. It does not publish user numbers on the pages reviewed, so that claim cannot be checked here.

Does HiveSwap have a token?

A search result for the project names HiveSwap Token (HIVP) as a utility and governance token for the exchange. Other market data lists no token for this V3 deployment, so check the official app for current token details.

Has HiveSwap V3 been audited?

No audits are listed in the data reviewed, and the project does not publish audit reports on its homepage. That does not prove the code is unsafe, but it means users cannot rely on a third-party review.

What fees does HiveSwap V3 charge?

The swap and liquidity fees are not stated on the pages reviewed. Users would see the fee and price impact in the swap interface before confirming a trade.

How do I avoid fake tokens on HiveSwap?

Anyone can create tokens on MAP Protocol with any name, including fake copies of known assets. Verify contract addresses from an official source before swapping or providing liquidity.

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