DEXes · Review
InactiveKongSwap Review 2026: A Sunset Internet Computer DEX
KongSwap was a decentralized exchange on the Internet Computer with its own KONG token. A 2026 postmortem describes a sunset process, so treat it as a wound-down project.
By the DappsAtlas editorial team · Updated
DappsAtlas score
3.5/10
Weak
Our verdict on KongSwap
3.5/10KongSwap is mainly of interest as a case study of an Internet Computer DEX that grew quickly, ran into a governance dispute and then entered a sunset process. It offered token swaps, a prediction feature and a KONG token. Its main strength was native ICP trading. The main caveat is that it appears to be wound down, with near-zero volume and no reported TVL. New users should not deposit funds and should confirm status through official channels.
Score breakdown
How KongSwap scores
- Security
- 4.0/10
- Ease of use
- n/a
- 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 KongSwap?
KongSwap was a decentralized exchange on the Internet Computer (ICP) that marketed itself as a one-stop token shop. It was listed in December 2024 and had its own token, KONG.
A postmortem published in April 2026 reviews KongSwap's rise, its speed narrative, a governance controversy and a sunset process. Market pages show KONG with a tiny market cap and almost no daily volume, and no TVL figure is currently reported. Together these indicate a project that has wound down.
The project also promoted a prediction feature on its social account. The homepage could not be loaded for this review, and the team, fees and audit reports are not published in the material available.
How KongSwap works
KongSwap was an automated market maker style exchange on the Internet Computer. Liquidity providers deposit pairs of tokens into pools. Traders swap against those pools at prices set by the ratio of tokens in each pool, so no counterparty is needed.
The project positioned itself as a one-stop token shop that would let users trade across chains. It also offered a prediction feature where users staked on outcomes and claimed rewards later. Details of how cross-chain routing and prediction settlement worked are not in the material available.
The KONG token sits alongside the exchange. Its price and volume on market trackers are now very low, which fits the description of a wound-down product.
5 features
Key features
01
On-chain token swaps
Swaps ran against liquidity pools on the Internet Computer rather than a central order book. Users traded from their own wallets.
02
Cross-chain trading pitch
The project described itself as a one-stop token shop for trading tokens across chains. The only chain listed for it is ICP.
03
Prediction markets
A prediction feature let users bet on their knowledge and claim rewards afterwards. It was promoted on the project's social account.
04
KONG token
KONG is the project's own token, with a reported holder count in the thousands on ICP.
05
Listed audits
Two audits are listed for the project. The reports themselves are not detailed.
Pros and cons
What we like
- Built natively on the Internet Computer, giving ICP users a local place to swap tokens.
- Two audits are listed for the project.
- Added a prediction feature alongside basic swaps.
- Non-custodial design in principle, as swaps ran from user wallets.
- Public documentation existed and a detailed postmortem is available for context.
Watch out for
- A postmortem published in April 2026 describes a sunset process, so the exchange is no longer a dependable place to trade.
- Trading volume on the KONG token is close to zero, and no TVL figure is currently reported.
- The postmortem refers to a governance controversy, which raises questions about how decisions were made.
- Fees, team details and audit reports are not published in the material available, so users cannot easily check them.
- Liquidity on Internet Computer venues is thin, which would mean wide spreads and price impact on any meaningful trade.
KongSwap fees
Swap fees, liquidity-provider shares and any protocol fee are not published in the material available. On a pool-based exchange these would normally show in the swap interface before a trade is confirmed.
Because the project is described as sunset, current fee schedules are unlikely to be meaningful. Anyone considering interacting with it should check the official documentation first.
Is KongSwap safe?
Two audits are listed for the project, but the auditors, scope and findings are not detailed. Smart-contract audits do not protect against governance disputes or the risks of a wind-down.
The April 2026 postmortem refers to a governance controversy and a sunset process. Licensing, team identity and any incident history are not published in the material available. The prediction feature involves wagering, so users should be 18 or older, check that it is legal where they live and gamble responsibly.
5 steps
How to get started with KongSwap
- 1
Check the official site and social account for the current status and any wind-down notices.
- 2
Read the project's documentation to see how claims, withdrawals or liquidity removal are handled.
- 3
If you hold KONG or liquidity positions, use only a wallet you control and confirm every address against official sources.
- 4
Avoid new deposits while the sunset process is in progress.
- 5
Confirm that trading and prediction products are legal where you live before using them.
Who KongSwap is for
This page suits ICP holders who still hold KONG or old liquidity positions and want context, and researchers studying how small DEX projects wind down. It is not a recommendation for new trading activity.
KongSwap FAQs
What is KongSwap?
A decentralized exchange built on the Internet Computer (ICP). It let users swap tokens through on-chain liquidity pools and was marketed as a one-stop token shop. It also had a prediction feature.
Is KongSwap still active?
A postmortem published in April 2026 covers KongSwap's rise, a governance controversy and a sunset process. Combined with near-zero reported volume and no current TVL figure, this points to a wound-down project. Check the official channels for the latest notices before interacting with it.
What is the KONG token?
KONG is the project's token on the Internet Computer. Market pages show a very small market cap and almost no daily volume. It trades at a fraction of a cent.
Which blockchains did KongSwap support?
The material available does not state which chains beyond ICP were supported. The project described itself as letting users trade tokens across all chains, but its listed chain is ICP only.
Was KongSwap audited?
Two audits are listed for the project, but their auditors and findings are not detailed. An audit reduces some smart-contract risk but does not remove it, and it does not cover governance or wind-down risk.
What should I do if I still hold funds on KongSwap?
Official documentation and the project's social channels are the place to look for wind-down instructions. Do not follow links from unsolicited messages, and confirm any claim or withdrawal step against the official site.
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How we checked
Sources
Last updated . Spotted an error? Tell us and we will correct it.